| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 48th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1306 W Carson St, Torrance, CA, 90501, US |
| Region / Metro | Torrance |
| Year of Construction | 1989 |
| Units | 77 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1306 W Carson St Torrance Multifamily Investment
Neighborhood renter concentration and steady occupancy suggest durable leasing fundamentals in Torrance’s urban core, according to WDSuite’s CRE market data. Figures cited for occupancy and tenure reflect neighborhood conditions rather than the property itself.
Situated in Torrance’s Urban Core, the property benefits from strong daily-life amenities that support renter retention. The area shows high density of restaurants, cafes, groceries, and pharmacies relative to many neighborhoods nationwide, while park access within the immediate neighborhood footprint is limited. Average school ratings land slightly above national norms, providing a balanced quality-of-life backdrop for workforce and mid-income renters.
Neighborhood housing stock skews older than the property (average construction year around the early 1970s), which positions a 1989 asset as relatively competitive versus nearby vintage supply. For investors, that typically translates to fewer near-term structural upgrades than 1960s–1970s stock, though modernization of 1980s systems and finishes may still be part of the business plan.
Occupancy in the neighborhood is stable and a majority of housing units are renter-occupied, indicating a deep tenant base for multifamily leasing. The neighborhood’s rent-to-income dynamics point to manageable affordability pressure, which can aid lease retention and reduce turnover risk when paired with prudent rent management.
Within a 3-mile radius, recent years show modest population movement but an increase in households, with projections calling for further household growth alongside smaller average household sizes. This pattern generally expands the renter pool and supports occupancy stability. Elevated home values in the area create a high-cost ownership market, which tends to sustain reliance on rental housing and can bolster pricing power for well-positioned assets.
Based on CRE market data from WDSuite, the neighborhood’s overall safety profile trends favorable in a national context, landing in the top quartile among neighborhoods nationwide. Violent incidents benchmark as safer than average nationally, while property-related offenses sit closer to the middle of the national distribution but have improved meaningfully year over year. These patterns suggest a generally stable environment for resident retention when paired with standard property-level security and management practices.
The surrounding employment base features a mix of corporate offices that support commuter convenience and steady renter demand. Notable nearby employers include Air Products & Chemicals, Molina Healthcare, Mattel, Airgas, and Southwest Airlines.
- Air Products & Chemicals — industrial gases (4.1 miles)
- Molina Healthcare — healthcare services (7.3 miles) — HQ
- Mattel — consumer products (8.1 miles) — HQ
- Airgas — industrial gases (8.4 miles)
- Southwest Airlines Counter — airline operations (9.9 miles)
1306 W Carson St is a 1989-vintage, mid-scale multifamily asset in Torrance that competes against an older neighborhood baseline. The area exhibits steady neighborhood occupancy and a majority share of renter-occupied units, supporting depth of demand. Elevated ownership costs locally tend to reinforce reliance on rentals, and, according to CRE market data from WDSuite, household growth within a 3-mile radius is expected to continue even as average household size trends smaller—both constructive for multifamily absorption and lease-up stability.
Relative to 1960s–1970s buildings nearby, a late-1980s property can maintain stronger competitive positioning with targeted updates. Investors should plan for modernization of original-era systems and common areas to capture rent premiums, while monitoring demand risks tied to modest population contraction and broader Los Angeles supply dynamics.
- Competitive 1989 vintage versus older local stock, with value-add modernization potential
- Stable neighborhood occupancy and a deep renter-occupied housing base support demand
- High-cost ownership market helps sustain renter reliance and pricing power for well-positioned assets
- Household growth and smaller household sizes within 3 miles point to a broader renter pool
- Risks: modest population decline, capex for 1980s systems, and competitive LA supply conditions