| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 37th | Fair |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1527 S Beacon St, San Pedro, CA, 90731, US |
| Region / Metro | San Pedro |
| Year of Construction | 1985 |
| Units | 34 |
| Transaction Date | 1998-10-07 |
| Transaction Price | $356,000 |
| Buyer | BARAN SHU HWA |
| Seller | BEACON STREET INC |
1527 S Beacon St San Pedro Multifamily Investment
This 34-unit property benefits from strong rental demand in a neighborhood with 73.5% renter-occupied housing and 95.4% occupancy rates. Commercial real estate analysis shows the area ranks in the top quartile nationally for net operating income per unit at $16,726.
The San Pedro neighborhood demonstrates strong fundamentals for multifamily investors, ranking in the top quartile nationally for net operating income per unit among 1,441 metro neighborhoods. With 73.5% of housing units renter-occupied, the area maintains a robust rental market supported by neighborhood-level occupancy rates of 95.4%. Median contract rents of $1,339 provide affordability for the local tenant base while supporting stable cash flows.
Demographics within a 3-mile radius show a population of approximately 86,885 with moderate growth trends and household income diversity. The area features 56.5% renter-occupied units, reinforcing rental demand dynamics. Home values averaging $700,241 with 48% five-year appreciation help sustain rental demand as elevated ownership costs keep households in the rental market.
The 1985 construction year positions this property within the neighborhood's building stock, which averages 1957 construction. This newer vintage relative to area norms may offer competitive advantages in tenant attraction and reduced near-term capital expenditure needs. Amenity density includes restaurant access with 27.07 establishments per square mile, ranking in the 98th percentile nationally for dining options.
Safety metrics show mixed but improving trends for the neighborhood. Property crime rates declined significantly by 80.3% year-over-year, ranking in the 98th percentile nationally for crime reduction. Current property offense rates of 208.8 per 100,000 residents place the area near the metro median among 1,441 neighborhoods.
Violent crime rates also improved dramatically with a 97.3% year-over-year decline, placing the neighborhood in the top tier nationally for violent crime reduction. Current violent offense rates of 15.0 per 100,000 residents rank in the 63rd percentile nationally, indicating below-average violent crime compared to neighborhoods nationwide.
The San Pedro area benefits from proximity to major corporate employers that support workforce housing demand, with several Fortune 500 companies and healthcare organizations within commuting distance.
- Molina Healthcare — healthcare services (5.3 miles) — HQ
- Air Products & Chemicals — industrial chemicals (6.4 miles)
- Airgas — industrial gases (12.3 miles)
- Mattel — consumer products (14.6 miles) — HQ
This San Pedro multifamily property presents a compelling investment opportunity based on strong local rental fundamentals and improving market conditions. The neighborhood's 73.5% renter-occupied housing share and 95.4% occupancy rates demonstrate sustained tenant demand, while CRE market data from WDSuite shows the area ranking in the top quartile nationally for net operating income per unit. The 1985 construction vintage provides competitive positioning within the neighborhood's older building stock.
Demographic trends within the 3-mile radius support continued rental demand with a stable population base of 86,885 and diverse household income distribution. Recent crime reduction trends, including an 80.3% decline in property offenses, enhance the area's tenant appeal. Proximity to major employers like Molina Healthcare headquarters supports workforce housing demand and commuter convenience.
- Strong rental fundamentals with 95.4% neighborhood occupancy and top-quartile NOI per unit
- Robust rental market with 73.5% renter-occupied housing supporting tenant demand
- Improving safety profile with 80% reduction in property crime year-over-year
- Access to major employment centers including healthcare and manufacturing employers
- Monitor rent-to-income ratios and potential ownership competition given area home values