| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 31st | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 732 W 7th St, San Pedro, CA, 90731, US |
| Region / Metro | San Pedro |
| Year of Construction | 1978 |
| Units | 29 |
| Transaction Date | 2001-03-12 |
| Transaction Price | $1,712,500 |
| Buyer | HAIDOS ALEK J |
| Seller | HANCOCK EDWARD H |
732 W 7th St San Pedro Multifamily Investment
This 29-unit property built in 1978 sits within a neighborhood showing 95.1% occupancy and strong rental demand, with 77% of housing units renter-occupied according to CRE market data from WDSuite.
Located in San Pedro's urban core, this neighborhood ranks in the top quartile nationally for amenity access, with exceptional grocery store density and restaurant availability that supports tenant retention. The area maintains a 95.1% occupancy rate, indicating stable rental demand in a market where over three-quarters of housing units are renter-occupied.
Demographics within a 3-mile radius show a population of approximately 104,000 with median household income of $98,353, projected to grow 21% by 2028. The renter pool is expected to expand as household formation increases 29% over the next five years, supporting sustained multifamily demand. Contract rents have risen 28% over the past five years, reflecting pricing power in this rental-dominant market.
The property's 1978 construction year aligns with the neighborhood average of 1967, presenting potential value-add opportunities through strategic renovations and unit upgrades. Home values averaging $713,000 with a value-to-income ratio ranking in the 100th percentile nationally reinforce rental demand, as elevated ownership costs keep households in the rental market longer.
Crime trends show improvement with property offenses declining 79% year-over-year and violent crime down 94%, while the neighborhood's amenity infrastructure includes high-density access to pharmacies, restaurants, and essential services that enhance tenant appeal and retention prospects.
Safety metrics for this San Pedro neighborhood show mixed but improving trends relative to the broader Los Angeles metro area. The area ranks in the 71st percentile nationally for overall crime performance, indicating above-average safety compared to neighborhoods nationwide.
Recent crime data reveals significant year-over-year improvements, with property offenses declining 79% and violent crime dropping 94%. These downward trends suggest enhanced neighborhood stability that can support tenant retention and leasing velocity. Property offense rates currently track at approximately 328 incidents per 100,000 residents, while violent crime occurs at roughly 52 incidents per 100,000 residents, both showing substantial recent declines from prior year levels.
The surrounding employment base includes major corporate offices and headquarters within commuting distance, supporting workforce housing demand for area renters.
- Molina Healthcare — healthcare services (5.7 miles) — HQ
- Air Products & Chemicals — industrial gases and chemicals (6.3 miles)
- Airgas — industrial gas distribution (12.3 miles)
- Mattel — toy manufacturing and entertainment (13.8 miles) — HQ
- Southwest Airlines Counter — aviation services (15.7 miles)
This 29-unit San Pedro property offers exposure to a rental-dominant market with 95.1% neighborhood occupancy and strong demographic fundamentals. The area's 77% renter occupancy share creates a deep tenant pool, while projected household growth of 29% over the next five years should expand rental demand. Built in 1978, the property presents value-add potential through strategic renovations in a neighborhood where home values averaging $713,000 reinforce rental market dynamics.
Commercial real estate analysis from WDSuite indicates favorable rental conditions, with contract rents rising 28% over five years and median household income projected to reach $119,508 by 2028. The neighborhood's top-quartile national ranking for amenities, combined with improving safety trends and proximity to major employers like Molina Healthcare and Mattel, supports long-term tenant retention and lease-up velocity.
- Strong occupancy fundamentals with 95.1% neighborhood rate and 77% renter tenure
- Projected 29% household growth and 21% income growth through 2028
- Value-add potential through renovations of 1978-vintage units
- High ownership costs ($713k median home values) sustain rental demand
- Risk consideration: School ratings average 1.5 out of 5, potentially limiting family tenant appeal