| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 48th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1635 W 219th St, Torrance, CA, 90501, US |
| Region / Metro | Torrance |
| Year of Construction | 1990 |
| Units | 22 |
| Transaction Date | 1993-08-25 |
| Transaction Price | $1,470,000 |
| Buyer | DC INVESTMENT CO |
| Seller | WILSHIRE STATE BANK |
1635 W 219th St, Torrance Multifamily Opportunity
Positioned in a high-cost ownership pocket of Los Angeles County, this 22-unit asset benefits from durable renter demand and a renter-occupied housing base in the surrounding neighborhood, according to WDSuite’s CRE market data.
The property sits within Torrance’s Urban Core, where neighborhood rents and home values benchmark above national norms. Elevated ownership costs (home values around the 94th percentile nationally) support reliance on multifamily housing, which can underpin lease retention and pricing power for well-managed assets. Neighborhood renter-occupied share is substantial, indicating depth in the tenant pool and steady demand for professionally run communities.
Livability drivers are competitive for an infill Los Angeles location. Cafes, restaurants, groceries, and pharmacies index in the 83rd–95th national percentiles, suggesting daily-needs convenience and service density. Average school ratings track slightly above the national median, which can aid household stability. Park access is limited, however, which may modestly temper lifestyle appeal for some residents and is a factor to consider in amenity programming and marketing.
Occupancy at the neighborhood level sits near the national mid-range, and the share of housing units that are renter-occupied is strong (above most U.S. neighborhoods), reinforcing the depth of the multifamily renter base. The average neighborhood construction year is 1973; with a 1990 vintage, this property is newer than much of the local stock, which can be a competitive advantage versus older product while still warranting targeted modernization for building systems and interiors.
Demographic statistics are aggregated within a 3-mile radius. Over the last five years, household counts increased even as population edged down, pointing to smaller household sizes and continued multifamily demand from a diverse renter pool. Looking ahead, projections show further household growth alongside a declining average household size, conditions that typically support occupancy stability and absorption of quality units. Median contract rents in the 3-mile area have trended upward and are projected to continue rising, based on commercial real estate analysis from WDSuite.
Neighborhood safety compares favorably at the national level, with overall crime sitting in the top quartile nationwide. Recent WDSuite indicators show notable year-over-year declines in both property and violent offenses in the broader area, which, if sustained, can support renter retention and reduce turnover-related costs. As always, investors should underwrite to submarket trends rather than block-level assumptions and confirm patterns through current, property-specific diligence.
Proximity to a diverse employment base supports leasing velocity and tenant retention, with nearby roles across chemicals, healthcare, consumer products, industrial gases, and air travel operations.
- Air Products & Chemicals — industrial gases (4.5 miles)
- Molina Healthcare — healthcare services (7.5 miles) — HQ
- Mattel — consumer products (7.9 miles) — HQ
- Airgas — industrial gases (8.8 miles)
- Southwest Airlines Counter — air travel operations (9.8 miles)
This 22-unit, 1990-vintage property in Torrance offers exposure to a renter-heavy neighborhood within a high-cost ownership market. The asset competes against an older local stock base, which can support occupancy and achievable rents with targeted renovations and ongoing capital planning. Household growth within a 3-mile radius, alongside smaller average household sizes, points to a broader tenant base and sustained demand for multifamily units. According to CRE market data from WDSuite, neighborhood amenity access is strong for daily needs, and rent levels in the surrounding area have shown upward momentum.
Key considerations include mid-range neighborhood occupancy and limited park access, which place a premium on on-site amenities and resident experience. Safety trends have improved on a year-over-year basis at the area level, and proximity to diversified employers reinforces leasing stability through varied income sources. Overall, the property presents a steady, operationally focused play with value-add potential tied to selective unit and system upgrades.
- Newer-than-local stock (1990) supports competitive positioning versus 1970s-era product
- Renter-occupied housing share and high-cost ownership context deepen the tenant pool
- Amenity-rich infill location with strong daily-needs access aids retention
- Employer proximity across healthcare, consumer products, and industrial sectors supports leasing stability
- Risks: mid-range neighborhood occupancy and limited park access require strong on-site amenities and active asset management