| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 23rd | Poor |
| Amenities | 36th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 W Palos Verdes Dr N, San Pedro, CA, 90732, US |
| Region / Metro | San Pedro |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1600 W Palos Verdes Dr N, San Pedro Multifamily Investment
Positioned in an Inner Suburb pocket of Los Angeles County with above‑average neighborhood occupancy, this 20‑unit asset offers scale with larger floor plans. According to WDSuite’s CRE market data, renter demand in the immediate area is supported by a high renter-occupied share and a high-cost ownership market.
The neighborhood posts an occupancy level that sits above national norms (74th percentile), signaling stable lease-up and retention potential at the submarket level. WDSuite indicates a high concentration of renter-occupied housing (ranked near the top among 1,441 Los Angeles metro neighborhoods), which points to a deeper tenant base for multifamily operators. Median home values are elevated relative to national benchmarks (87th percentile), a high-cost ownership environment that tends to sustain renter reliance and support pricing power when managed carefully.
Livability features are mixed. Restaurant density is stronger than average (73rd percentile) and park access is comparatively solid (74th percentile), while everyday retail like grocery, cafes, and pharmacies are limited within the neighborhood footprint, which may shift some spending to nearby corridors. Average school ratings are around the national middle, so leasing may depend more on unit quality, convenience, and value positioning than on school-driven demand.
Within a 3‑mile radius, WDSuite’s data shows households have grown modestly in recent years with smaller average household sizes, and forecasts point to further household growth even as total population softens. For investors, that pattern typically expands the renter pool and supports occupancy stability, particularly for well‑managed properties. Neighborhood housing performance indicators are comparatively strong (top quartile nationally), and NOI per unit at the neighborhood level ranks well above national norms, underscoring operational potential when expenses and CapEx are controlled.
Construction in the immediate area skews older than this property (average vintage 1963). With a 1988 build, the asset is newer than much of the local stock, which can enhance competitive positioning; investors should still underwrite for system modernization and select renovations to meet today’s renter expectations. This commercial real estate analysis suggests the right value-add program can capture demand without over-improving beyond neighborhood thresholds.
Safety indicators are comparatively favorable versus many urban Los Angeles submarkets. The neighborhood’s overall crime rank places it above the median among 1,441 metro neighborhoods, aligning with a 73rd national percentile reading that suggests relatively better safety than much of the country. Violent incident levels sit around the national middle, while property offenses track slightly below average nationally.
Recent trend data from WDSuite shows notable year‑over‑year improvement, with both violent and property offense estimates declining materially. For investors, this trend orientation reduces perceived risk and can aid leasing and renewal conversations, though prudent on‑site security practices and resident engagement remain advisable.
Nearby employers provide a diverse employment base that supports renter demand through commute convenience, including industrial gases, healthcare administration, manufacturing, and airlines operations.
- Air Products & Chemicals — industrial gases (4.8 miles)
- Molina Healthcare — healthcare administration (6.1 miles) — HQ
- Airgas — industrial gases (10.6 miles)
- Mattel — manufacturing & corporate (10.9 miles) — HQ
- Southwest Airlines Counter — airlines operations (12.8 miles)
1600 W Palos Verdes Dr N offers 20 units averaging roughly 1,200 square feet, providing family‑sized layouts that can attract longer‑term tenants. The property benefits from neighborhood occupancy that trends above national norms and a renter‑occupied share that is among the highest in the Los Angeles metro, indicating a deep tenant base. Elevated home values in the area reinforce reliance on multifamily housing, while rent-to-income readings are comparatively manageable, supporting lease retention when pricing is balanced. Based on CRE market data from WDSuite, the surrounding neighborhood’s operating profile and top‑quartile housing metrics suggest durable demand if expenses and capital planning are executed thoughtfully.
Built in 1988—newer than much of the nearby stock—the asset has competitive positioning versus older comparables, with potential to unlock value through targeted modernization and amenity upgrades. Within a 3‑mile radius, households have edged higher and are projected to continue growing even as overall population trends soften, implying more renters entering the market and supporting occupancy stability. Limited neighborhood retail conveniences are a consideration, but proximity to employment nodes and larger unit sizes help the property compete on livability and space.
- Above‑average neighborhood occupancy supports stable leasing performance
- High renter-occupied share indicates a deep tenant base
- 1988 vintage offers competitive edge vs. older stock with value‑add potential
- Elevated ownership costs reinforce rental demand and pricing power
- Risk: limited nearby everyday retail and softening population trends require careful amenity programming and leasing strategy