| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 37th | Fair |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1739 S Pacific Ave, San Pedro, CA, 90731, US |
| Region / Metro | San Pedro |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | 1994-09-09 |
| Transaction Price | $800,000 |
| Buyer | ZOURAS TASHI GABRIEL |
| Seller | GLENDALE FEDERAL BANK FSB |
1739 S Pacific Ave San Pedro Multifamily Investment
This 20-unit property built in 1989 sits in a neighborhood with 95.4% occupancy and strong rental demand, with 73.5% of housing units renter-occupied according to CRE market data from WDSuite.
The San Pedro neighborhood demonstrates solid fundamentals for multifamily investors, ranking in the top quartile nationally for net operating income per unit at $16,726 and maintaining 95.4% occupancy rates. With 73.5% of housing units renter-occupied, this area ranks in the 98th percentile nationally for rental share, indicating strong tenant demand dynamics.
Demographics within a 3-mile radius show a stable renter base of approximately 89,728 residents with median household income of $95,780. The area's median home value of $700,241 helps sustain rental demand by keeping ownership costs elevated relative to renting options. Contract rents have increased 26.3% over five years, while the neighborhood maintains reasonable affordability with rent-to-income ratios supporting tenant retention.
The 1989 construction year aligns with the neighborhood average of 1957, positioning this property within established building stock that may offer value-add renovation opportunities. Restaurant density ranks in the 98th percentile nationally with 27 establishments per square mile, supporting tenant appeal, though childcare and park amenities are limited and may require consideration in tenant demographics and retention strategies.
The neighborhood demonstrates improving safety trends with property crime rates declining 80.3% year-over-year, ranking in the 98th percentile nationally for crime reduction. Violent crime rates also decreased significantly by 97.3%, placing the area in the top tier nationally for safety improvements.
Current crime metrics show the neighborhood performing above the metro median among 1,441 Los Angeles area neighborhoods, with property offense rates at approximately 209 incidents per 100,000 residents and violent crime rates at 15 incidents per 100,000 residents. These trends support tenant retention and leasing stability in the multifamily market.
The San Pedro area benefits from proximity to major corporate employers, with healthcare and industrial companies providing workforce housing demand within reasonable commuting distance.
- Molina Healthcare — healthcare services (5.7 miles) — HQ
- Air Products & Chemicals — industrial chemicals (6.7 miles)
- Airgas — industrial gases (12.7 miles)
- Mattel — consumer products (14.5 miles) — HQ
This 20-unit property offers exposure to a high-occupancy San Pedro neighborhood with exceptional rental market fundamentals. The 95.4% neighborhood occupancy rate and 73.5% renter-occupied housing share indicate sustained demand, while the 1989 construction year presents potential value-add opportunities through strategic renovations and unit improvements.
Demographic projections show household growth of 30.3% over the next five years within the 3-mile radius, with median household income expected to rise to $119,050, supporting rent growth potential. According to commercial real estate analysis from WDSuite, the neighborhood's top-quartile NOI performance and declining crime rates create a favorable environment for long-term multifamily investment.
- Neighborhood occupancy at 95.4% with strong rental demand fundamentals
- Top-quartile NOI performance at $16,726 per unit annually
- 30.3% projected household growth supporting tenant base expansion
- Value-add potential through 1989 vintage property improvements
- Risk consideration: Limited childcare and park amenities may affect family tenant retention