| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 31st | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 643 W 7th St, San Pedro, CA, 90731, US |
| Region / Metro | San Pedro |
| Year of Construction | 1992 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
643 W 7th St, San Pedro CA Multifamily Investment
Neighborhood occupancy is reported in the mid‑90s, indicating durable renter demand supported by an urban amenity base, according to WDSuite’s CRE market data. With a 1992 vintage relative to older local stock, the asset should compete well with nearby rentals while benefiting from thoughtful modernization.
Located in Los Angeles County’s San Pedro urban core, the property benefits from strong amenity density: neighborhood measures show abundant restaurants and grocery options alongside extensive pharmacy access. This concentration supports day‑to‑day convenience and helps sustain leasing interest compared with many Los Angeles metro neighborhoods.
The neighborhood shows a high share of renter‑occupied housing (about three‑quarters of units), which signals a deep tenant base and broad applicability for multifamily product. Reported neighborhood occupancy of roughly 95% has trended up over the past five years, supporting expectations for stable collections and reduced downtime between turns.
Within a 3‑mile radius, population and household counts have grown modestly and are projected to expand further, pointing to gradual renter pool expansion. Rising median incomes and rent levels suggest ongoing pricing power, while lease management should account for affordability pressure given elevated rent‑to‑income ratios in the neighborhood. Elevated home values in the area indicate a high‑cost ownership market, which tends to sustain reliance on rental housing and can aid retention.
Amenities are a relative strength, though park access is limited and average school ratings are lower, which investors should consider for family‑oriented demand. On balance, the area’s livability profile, renter concentration, and central location underpin multifamily demand, based on commercial real estate analysis supported by WDSuite’s multifamily property research.
Safety indicators benchmark above the national median, with the neighborhood positioned better than many areas nationwide. Recent data also point to notable year‑over‑year declines in both violent and property offenses, a constructive trend for resident retention and leasing stability.
As with any urban submarket, conditions can vary by block and over time, so investors typically underwrite with a focus on ongoing monitoring and property‑level measures that reinforce resident safety and asset performance.
Proximity to established employers supports workforce housing demand and commute convenience. Nearby anchors include Molina Healthcare, Air Products & Chemicals, Airgas, Mattel, and Southwest Airlines, which collectively help stabilize the local renter base.
- Molina Healthcare — healthcare services (5.6 miles) — HQ
- Air Products & Chemicals — industrial gases (6.2 miles)
- Airgas — industrial gases & supplies (12.2 miles)
- Mattel — consumer products (13.9 miles) — HQ
- Southwest Airlines Counter — air transport services (15.8 miles)
This 20‑unit property, built in 1992, is newer than the neighborhood’s older average stock and can compete effectively with value‑conscious renters while benefiting from selective system upgrades and cosmetic improvements. Neighborhood occupancy is reported at approximately 95%, and a high renter‑occupied share indicates depth of demand and potential for steady leasing. Elevated ownership costs locally reinforce reliance on rentals, while 3‑mile demographic trends point to gradual population and household growth that supports a larger tenant base.
According to CRE market data from WDSuite, the area offers strong amenity access and above‑median safety positioning alongside limited park access and lower average school ratings. Forward‑looking indicators show rents and incomes trending upward, suggesting room for measured rent growth with prudent lease management to address affordability pressure.
- 1992 vintage offers competitive positioning versus older local stock with targeted value‑add potential
- Neighborhood occupancy around the mid‑90s supports income stability and reduced downtime
- High renter concentration and growing 3‑mile household base expand the tenant pool
- Elevated home values sustain rental demand and support retention strategies
- Risks: affordability pressure, limited park access, and lower average school ratings warrant conservative underwriting