| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 37th | Fair |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 407 W 7th St, San Pedro, CA, 90731, US |
| Region / Metro | San Pedro |
| Year of Construction | 2008 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
407 W 7th St San Pedro Multifamily Investment
Based on CRE market data from WDSuite, neighborhood occupancy trends are steady and sit above the metro median, while a high share of renter-occupied units signals depth in the tenant base at the neighborhood level rather than the property itself.
The property at 407 W 7th St sits in San Pedro’s Urban Core context within the Los Angeles-Long Beach-Glendale metro. Neighborhood occupancy is above the metro median (ranked 704 among 1,441 metro neighborhoods), and renter-occupied housing comprises a large share of units locally, indicating a deep renter pool that supports leasing stability for multifamily assets. According to WDSuite’s CRE market data, the area’s average NOI per unit benchmarks in the top tier nationally, underscoring strong income performance among comparable neighborhoods.
Local amenity density favors food-and-beverage: restaurants and cafes benchmark in the upper national percentiles, with grocery access competitive as well. By contrast, parks, pharmacies, and childcare options are comparatively limited nearby, which investors should consider when positioning for household segments that value those services.
Home values are elevated relative to national norms, which typically sustains reliance on rental housing and can support pricing power and retention. Rent-to-income levels benchmark on the favorable side for operators, suggesting manageable affordability pressure that can aid renewals and reduce turnover risk.
Within a 3-mile radius, demographics show modest population growth to date with further gains projected, alongside increasing household counts and rising incomes. This expansion points to a larger tenant base over time, supporting demand for multifamily units and underpinning occupancy and rent performance in line with broader commercial real estate analysis trends.
Safety indicators point to comparatively favorable conditions in a national context, with the neighborhood benchmarking above the national average for lower offense rates. Recent year-over-year estimates show pronounced declines in both violent and property offenses, indicating improving trends rather than block-level guarantees.
Within the Los Angeles metro, conditions can vary by neighborhood; some nearby areas rank higher among the 1,441 metro neighborhoods. Investors should underwrite with standard operating assumptions, weigh property-level controls, and consider ongoing monitoring as the recent downtrend continues.
Nearby employment anchors span healthcare, manufacturing, and corporate headquarters, supporting a broad commuter base that can reinforce renter demand and lease retention for workforce housing. The list below reflects notable employers within a commutable radius that align with this renter profile.
- Molina Healthcare — healthcare insurance (5.3 miles) — HQ
- Air Products & Chemicals — industrial gases (6.1 miles)
- Airgas — industrial gases (12.0 miles)
- Mattel — consumer products (14.0 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (15.7 miles)
Built in 2008, the asset is materially newer than the neighborhood’s post-war average stock, offering competitive positioning versus older multifamily in San Pedro while still warranting routine system updates and potential light renovations over the hold. According to CRE market data from WDSuite, the neighborhood posts above-metro-median occupancy and strong renter concentration, with elevated home values reinforcing reliance on rental housing and supporting durable demand.
Within a 3-mile radius, steady population growth, rising household counts, and higher incomes indicate a growing renter pool. Amenity density is strongest in dining and cafes—supportive for urban renters—while limited parks, pharmacies, and childcare nearby suggests targeted positioning toward renter segments less dependent on those services. Underwriting should remain disciplined around metro variability in safety and school quality, even as offense trends have improved year over year.
- 2008 vintage offers competitive edge versus older local stock with potential light-value add
- Above-metro-median neighborhood occupancy and deep renter-occupied unit share support leasing stability
- Elevated ownership costs in the area bolster multifamily demand and pricing power
- 3-mile demographic growth and rising incomes expand the tenant base over time
- Risks: amenity gaps in parks/pharmacies/childcare and metro safety variability warrant prudent operations