| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 31st | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 545 W 6th St, San Pedro, CA, 90731, US |
| Region / Metro | San Pedro |
| Year of Construction | 1988 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
545 W 6th St San Pedro Multifamily Investment
This 54-unit property sits in a neighborhood with 95.1% occupancy and 77.3% renter-occupied housing, supported by commercial real estate analysis from WDSuite showing strong rental demand fundamentals.
The San Pedro neighborhood demonstrates solid rental market fundamentals with 95.1% occupancy rates and 77.3% of housing units renter-occupied, ranking in the 99th percentile nationally for rental share. This concentration of renters creates a stable tenant pool for multifamily operators, with median contract rents at $1,276 representing affordable housing options that have grown 16.9% over five years.
Built in 1988, this property aligns with the neighborhood's average construction year of 1967, positioning it as relatively newer stock that may require less immediate capital expenditure compared to older buildings in the area. The urban core location provides strong amenity access, ranking in the 80th percentile nationally, with 6.38 grocery stores per square mile (97th percentile nationally) and 31 restaurants per square mile (98th percentile nationally).
Demographics within a 3-mile radius show a population of 104,929 with median household income of $95,914, though the immediate neighborhood reflects lower income levels at $54,093. Projections indicate continued population growth to 111,084 by 2028, with household formation increasing 28.9% and median rents rising to $2,087. This demographic expansion supports long-term rental demand, though investors should monitor affordability pressures given current rent-to-income ratios.
Home values in the neighborhood have increased 69.9% over five years to a median of $713,069, creating elevated ownership costs that reinforce rental demand. The high value-to-income ratio ranking in the 100th percentile nationally suggests ownership remains out of reach for many households, sustaining renter reliance on multifamily housing and supporting occupancy stability for rental properties.
Safety metrics show mixed trends for the San Pedro neighborhood. Property crime rates of 328 incidents per 100,000 residents rank in the middle tier among the 1,441 metro neighborhoods, while the area has experienced a significant 79% decrease in property crime over the past year, ranking in the 98th percentile nationally for crime reduction.
Violent crime rates are relatively low at 52 incidents per 100,000 residents, with an even more dramatic 93.6% decrease over the past year, placing the neighborhood in the 99th percentile nationally for violent crime improvement. These downward crime trends suggest improving neighborhood conditions that may support tenant retention and property values over time.
The San Pedro area benefits from proximity to major corporate employers within the greater Los Angeles region, providing diverse employment opportunities that support workforce housing demand.
- Molina Healthcare — healthcare services (5.5 miles) — HQ
- Air Products & Chemicals — industrial chemicals (6.1 miles)
- Airgas — industrial gases (12.1 miles)
- Mattel — toy manufacturing (13.9 miles) — HQ
- Southwest Airlines Counter — aviation services (15.8 miles)
This 54-unit San Pedro property offers stable cash flow potential in a neighborhood with 95.1% occupancy and 77.3% renter-occupied housing. Built in 1988, the property represents newer stock within the area's building inventory, potentially reducing near-term capital expenditure needs. According to CRE market data from WDSuite, the neighborhood's high rental concentration and strong crime reduction trends support long-term tenant retention fundamentals.
Demographic projections within a 3-mile radius show household growth of 28.9% through 2028, expanding the potential tenant base while median rents are forecast to rise to $2,087. The elevated home value-to-income ratio ranking in the 100th percentile nationally reinforces rental demand by keeping ownership costs beyond reach for many households. However, investors should monitor rent-to-income pressures and school ratings that rank in the lower quartile nationally.
- High occupancy neighborhood at 95.1% with 77.3% renter-occupied housing
- 28.9% projected household growth through 2028 expanding tenant pool
- Significant crime reduction trends with 79% decrease in property crime
- 1988 construction year provides newer stock positioning in neighborhood
- Risk considerations include lower school ratings and affordability pressures