| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 45th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9343 Ramona Blvd, Rosemead, CA, 91770, US |
| Region / Metro | Rosemead |
| Year of Construction | 1989 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9343 Ramona Blvd Rosemead Multifamily Investment
Neighborhood occupancy is holding in the low-90s with a sizable renter base, and elevated ownership costs locally continue to channel demand toward rentals, according to WDSuite s CRE market data. Strong daily-needs amenities nearby support leasing durability for a 22-unit asset.
Located in Rosemead within the Los Angeles metro, the neighborhood scores a B+ and ranks 470th among 1,441 metro neighborhoods, indicating competitive fundamentals. Amenity access is a relative strength: the area places 236th of 1,441 for overall amenities (top quartile among metro neighborhoods), with grocery, pharmacy, and dining densities benchmarking in high national percentiles. These features tend to support day-to-day convenience and renter retention.
The neighborhood s renter-occupied share is roughly 47%, signaling a deep tenant base for multifamily. Median contract rents have risen over the past five years while remaining in line with broader Los Angeles submarkets, and neighborhood occupancy sits around 92.5% with a modest multi-year uptick. The average neighborhood construction year skews older (1957), so this 1989 vintage asset is newer than much of the local stock, which can bolster competitive positioning; targeted modernization may still be prudent for systems and finishes.
Within a 3-mile radius, demographics show stable to slightly contracting population but steady income gains and smaller household sizes over time, translating into more households and a broader renter pool. Forecasts point to additional household growth alongside a declining average household size, which typically supports multifamily demand by increasing the number of renting households even as population trends flatten.
Home values benchmark high relative to incomes (near the top of national ranges), which reinforces reliance on rental housing and can aid lease retention and pricing power. School quality averages about 3.7 out of 5 and sits around the 75th national percentile, another supportive factor for family renters seeking stability.
Safety trends should be evaluated with care. The neighborhood s crime rank is 1,219 out of 1,441 metro neighborhoods, indicating higher crime exposure relative to much of Los Angeles and below the national median for safety. Recent movement is mixed: estimated property offenses show a year-over-year decline, while estimated violent offenses ticked up over the same period. Investors typically account for this in underwriting via security measures, tenant screening, and expense reserves, and by emphasizing the submarket s amenity access and employment connectivity.
Proximity to established employers supports renter demand and commute convenience for workforce households. Nearby anchors include Edison International, Chevron, International Paper, Coca-Cola, and Raytheon s public safety operations.
- Edison International corporate offices (1.6 miles) HQ
- Chevron corporate offices (2.1 miles)
- International Paper corporate offices (8.0 miles)
- Coca-Cola Downey corporate offices (10.2 miles)
- Raytheon Public Safety RTC defense & aerospace offices (10.4 miles)
This 22-unit 1989 asset in Rosemead is positioned against an older neighborhood baseline, offering relative appeal versus mid-century inventory while leaving room for selective value-add upgrades. Neighborhood occupancy around 92.5% and a renter-occupied share near half of units indicate depth of tenant demand. High ownership costs in this part of Los Angeles help sustain reliance on rentals, while abundant daily-needs amenities support retention and stabilize leasing.
Within a 3-mile radius, smaller household sizes and projected household growth expand the renter pool even as population trends are flat to slightly negative a setup that typically supports occupancy stability over time. Based on commercial real estate analysis from WDSuite, local rent levels have risen over the past five years and remain aligned with comparable urban Los Angeles neighborhoods, suggesting durable demand with prudent rent management. Investors should underwrite for safety-related operating needs and limited park access while leaning on employment connectivity and amenity strengths.
- 1989 vintage is newer than the neighborhood average, offering competitive positioning with potential renovation upside
- Neighborhood occupancy in the low-90s and ~half renter-occupied units support demand depth and leasing stability
- High ownership costs reinforce multifamily reliance, aiding pricing power and retention
- 3-mile household growth alongside smaller household sizes expands the renter pool over time
- Risks: crime exposure above metro norms and limited park access warrant security planning and amenity-focused positioning