| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 31st | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 142 W Santa Cruz St, San Pedro, CA, 90731, US |
| Region / Metro | San Pedro |
| Year of Construction | 2011 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
142 W Santa Cruz St, San Pedro Multifamily Investment
Contemporary 2011 vintage in an Urban Core setting, positioned for steady renter demand and durable occupancy, according to WDSuite's CRE market data. Newer construction versus older local stock supports competitive leasing while leaving room for selective modernization over time.
The property sits within San Pedro's Urban Core, where neighborhood occupancy trends are above many peer areas (72nd percentile nationally) and the renter base is deep. Within a 3-mile radius, 58% of housing units are renter-occupied, signaling a sizable tenant pool that supports leasing velocity and renewal potential for multifamily assets.
Everyday convenience is a strength. The neighborhood scores competitively for amenities relative to the Los Angeles metro: grocery and pharmacy density rank among the strongest locally (both near the top of metro rankings) and restaurants are abundant (98th percentile nationally). Cafes are also well-represented. Park access is limited, so investors should not rely on green space as a demand driver but can emphasize walkable retail and services in marketing.
Home ownership costs are elevated for the neighborhood (home values test in the 93rd percentile nationally), which tends to sustain reliance on rental housing and can aid pricing power and lease retention for well-maintained communities. At the same time, the neighborhood's rent-to-income ratio sits on the higher side, indicating some affordability pressure that calls for thoughtful lease management and amenity-driven value. Median school ratings in the neighborhood trend below metro norms; this may modestly narrow the family-renter segment but is often offset by proximity to jobs and services.
The asset's 2011 construction is newer than the neighborhood's average vintage (1960s era), offering competitive positioning against older stock while still warranting periodic system upgrades or targeted value-add. Based on multifamily property research from WDSuite, neighborhood-level rents track around the upper national percentiles and occupancy has improved over the past five years, supporting a case for stable cash flow with prudent expense and capital planning.
Safety metrics for the neighborhood compare favorably to many areas of Los Angeles and are above average nationally. The neighborhood's crime rank performs better than the median among 1,441 metro neighborhoods, and overall safety aligns with roughly the 71st percentile nationwide — indicating relatively safer conditions compared to many U.S. neighborhoods.
Recent trend signals are constructive: both violent and property offense estimates show year-over-year declines at the neighborhood level, according to WDSuite's data. Investors should continue to monitor trends and property-level security practices, but current readings support renter retention and leasing stability narratives without overreliance on block-level claims.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience, including healthcare, industrial gases, and consumer products. The list below highlights major names within practical commuting distance that can underpin leasing stability.
- Molina Healthcare — healthcare services (4.9 miles) — HQ
- Air Products & Chemicals — industrial gases (5.5 miles)
- Airgas — industrial gases (11.5 miles)
- Mattel — consumer products (13.7 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (15.3 miles)
142 W Santa Cruz St offers 2011 vintage construction in a renter-heavy Urban Core location where neighborhood occupancy is in the 72nd percentile nationally and has trended up over five years, based on CRE market data from WDSuite. Newer build relative to a largely 1960s-era neighborhood stock supports competitive positioning with potential for targeted value-add to refresh finishes and common areas.
Elevated ownership costs in the surrounding neighborhood bolster reliance on rental housing, while a sizable renter concentration within a 3-mile radius points to a deep tenant base. The primary watchpoints are higher rent-to-income ratios that suggest affordability pressure and below-average neighborhood school ratings; both call for prudent pricing, amenity strategy, and renewal management.
- Occupancy strength: neighborhood sits above national averages with multi-year improvement, supporting cash flow durability.
- Competitive vintage: 2011 construction stands out versus older local stock, with scope for selective value-add.
- Deep renter base: within 3 miles, a majority of units are renter-occupied, reinforcing leasing depth and renewal potential.
- Demand drivers: strong nearby amenity density and proximity to diversified employers aid retention.
- Risks: higher rent-to-income and lower neighborhood school ratings; manage pricing, amenities, and renewals accordingly.