| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 61st | Good |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17302 Yukon Ave, Torrance, CA, 90504, US |
| Region / Metro | Torrance |
| Year of Construction | 1972 |
| Units | 70 |
| Transaction Date | 2022-03-02 |
| Transaction Price | $40,286,000 |
| Buyer | TORRANCE YUKON HOLDINGS LLC |
| Seller | RAY PELLEGRINO TRUST |
17302 Yukon Ave Torrance Multifamily Investment
This 70-unit property benefits from Torrance's stable rental market, with neighborhood-level occupancy at 93.1% and strong tenant demand supported by proximity to major corporate employers. According to WDSuite's CRE market data, the area maintains above-average NOI performance and rental occupancy rates compared to regional benchmarks.
Located in Torrance's Urban Core, this neighborhood ranks competitively among 1,441 Los Angeles metro neighborhoods for housing fundamentals, with a B rating reflecting solid investment characteristics. The area demonstrates strong rental demand with 57.9% of housing units occupied by renters, ranking in the 93rd percentile nationally for rental share.
Built in 1972, this property aligns with the neighborhood's average construction vintage of 1976, positioning it for potential value-add renovations while avoiding obsolescence concerns. Demographic data within a 3-mile radius shows a stable population of approximately 232,000 residents, with household income trends supporting rental affordability at current market rates.
The neighborhood's median home value of $849,044 creates a significant ownership barrier that supports rental demand, as higher purchase costs keep households in the rental market longer. Neighborhood-level occupancy trends show 93.1% occupancy with positive momentum over the past five years, indicating sustained tenant retention and absorption in the local market.
Essential amenities support tenant appeal, with 6.15 grocery stores per square mile ranking in the 97th percentile nationally and 2.05 childcare facilities per square mile ranking in the 93rd percentile. The area's school rating averages 3.0 out of 5, providing adequate educational access for family-oriented renters.
The neighborhood demonstrates strong safety fundamentals, ranking 4th out of 1,441 Los Angeles metro neighborhoods for overall crime metrics, placing it in the 91st percentile nationally. This top-tier safety performance supports tenant retention and premium rental positioning.
Property crime rates show significant improvement, with an estimated rate of 12.8 incidents per 100,000 residents and a notable 83.8% decrease over the past year. Violent crime remains minimal at 2.9 incidents per 100,000 residents, ranking in the 88th percentile nationally for safety. These trends indicate improving neighborhood conditions that support long-term occupancy stability.
The property benefits from proximity to diverse corporate employers that provide stable workforce housing demand, anchored by major headquarters and regional offices within commuting distance.
- Mattel — toy manufacturing & entertainment (4.6 miles) — HQ
- Southwest Airlines Counter — aviation services (6.3 miles)
- Air Products & Chemicals — industrial chemicals (7.2 miles)
- Symantec — cybersecurity software (8.5 miles)
- Microsoft Offices The Reserves — technology services (8.8 miles)
This Torrance multifamily property offers compelling fundamentals driven by strong neighborhood-level occupancy at 93.1%, high rental share at 57.9%, and proximity to major corporate employers. The 1972 construction year presents value-add renovation opportunities while maintaining structural integrity, supported by NOI performance in the 74th percentile nationally according to CRE market data from WDSuite.
Demographics within a 3-mile radius show household growth projections of 36.7% through 2028, expanding the potential tenant base significantly. High home values at $849,044 median create substantial ownership barriers that channel demand toward rental housing, while the area's top-quartile safety ranking supports premium positioning and tenant retention.
- Neighborhood occupancy at 93.1% indicates strong rental demand and tenant retention
- Proximity to Mattel headquarters and other major employers supports workforce housing demand
- High ownership costs at $849,044 median home value channel demand toward rentals
- 1972 vintage presents value-add renovation upside with established neighborhood positioning
- Risk: Household count projections show recent decline, requiring monitoring of absorption rates