| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 48th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 W Carson St, Torrance, CA, 90501, US |
| Region / Metro | Torrance |
| Year of Construction | 1989 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1600 W Carson St, Torrance CA Multifamily Investment
Positioned in a high-cost ownership pocket of Torrance, the property benefits from durable renter demand; according to WDSuite’s CRE market data, neighborhood safety and daily-need amenities compare favorably within the Los Angeles metro.
Located in Torrance’s Urban Core, the property sits near a concentration of everyday amenities that support resident convenience and lease retention. Neighborhood measures show strong access to restaurants, pharmacies, and cafes, with availability that trends above national averages, while grocery options are competitive for the metro.
The building’s 1989 vintage is newer than the neighborhood average construction year of 1973, which can be a competitive advantage versus older local stock. Investors should still plan for targeted system updates over the hold to keep pace with modern renter expectations and support rent positioning.
Neighborhood housing dynamics indicate a sizable renter base: the share of housing units that are renter-occupied is elevated (around the upper end for the metro), which deepens the local tenant pool and supports leasing velocity. However, neighborhood occupancy is closer to the lower end among Los Angeles neighborhoods, signaling the need for active marketing and operations to maintain stability.
Within a 3-mile radius, households have grown in recent years even as population edged down slightly, pointing to smaller household sizes and continued demand for rental options. Median incomes have risen and are projected to continue growing, while contract rents in the 3-mile area are also projected to increase, suggesting scope for sustained demand provided affordability is managed.
Home values in the neighborhood rank high nationally, indicating a high-cost ownership market. This context typically reinforces reliance on multifamily rentals, contributing to tenant retention and pricing power when combined with effective asset management.
School quality in the area trends slightly above national averages based on neighborhood ratings, which can support demand for larger units and longer tenures among households that prioritize education access.
Safety indicators for the neighborhood are comparatively strong. Based on WDSuite’s data, the area ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for overall crime, and it scores above national averages on multiple safety measures. Recent year-over-year trends also show notable declines in both property and violent offenses, which supports perceptions of neighborhood stability over time.
As with any urban core location, risk varies by micro-area and time of day, so investors should incorporate standard security and lighting programs into operations to maintain resident confidence and asset performance.
Nearby employers span healthcare, consumer products, and industrial gases, providing a diversified employment base that supports renter demand and commute convenience for residents. The list below includes key anchors within a roughly 5–10 mile radius that can underpin leasing stability.
- Air Products & Chemicals — industrial gases (4.5 miles)
- Molina Healthcare — healthcare services (7.6 miles) — HQ
- Mattel — consumer products (7.9 miles) — HQ
- Airgas — industrial gases (8.7 miles)
- Southwest Airlines Counter — airline operations (9.7 miles)
This 35-unit, 1989-vintage asset offers relative competitive positioning versus older neighborhood stock while benefiting from a high-cost ownership backdrop that supports multifamily demand. Neighborhood renter concentration is elevated, but overall occupancy trends sit below many Los Angeles neighborhoods, making proactive operations and targeted renovations important levers for performance. According to CRE market data from WDSuite, amenity access and safety indicators compare favorably, which can aid absorption and retention.
Within a 3-mile radius, household counts have increased and incomes are trending higher, while projections point to continued income growth and rising asking rents. These dynamics suggest a larger tenant base and potential for rent optimization with thoughtful capital planning and asset management.
- 1989 vintage offers competitive positioning versus older local stock; plan for selective system upgrades
- High-cost ownership market supports renter reliance and potential pricing power
- Favorable safety and amenity access, per WDSuite, bolster leasing and retention
- 3-mile household growth and income gains expand the tenant base and support occupancy stability
- Risk: neighborhood occupancy trails metro peers, requiring hands-on leasing and operations