| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 25th | Poor |
| Amenities | 68th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20341 Harvard Blvd, Torrance, CA, 90501, US |
| Region / Metro | Torrance |
| Year of Construction | 1985 |
| Units | 64 |
| Transaction Date | 2017-05-01 |
| Transaction Price | $14,000,000 |
| Buyer | The Bascom Group |
| Seller | 888 Ross Trust |
20341 Harvard Blvd, Torrance Multifamily Investment
Neighborhood renter-occupied concentration is high and occupancy trends sit near the metro middle, supporting steady tenant demand, according to WDSuite’s CRE market data. With a B- neighborhood rating and strong dining/coffee density, the area offers durable fundamentals for income-focused operators.
Located in an Inner Suburb of the Los Angeles-Long Beach-Glendale metro, the neighborhood posts a B- rating and occupancy levels around the metro median. A notably high share of housing units are renter-occupied (neighborhood statistic), signaling a deep tenant base that can support leasing stability for multifamily assets.
Amenities skew favorable: cafe and restaurant density ranks in the top decile nationally, while groceries and pharmacies sit above national medians. These patterns typically aid retention by enhancing day-to-day convenience, even as park access is limited in this specific neighborhood context.
Ownership costs are elevated relative to national norms (neighborhood home values in a high national percentile), and value-to-income ratios are similarly high. For investors, that high-cost ownership market tends to sustain reliance on rentals, supporting pricing power when managed alongside lease affordability and renewal risk.
Within a 3-mile radius, WDSuite data indicates households have grown and are projected to expand further, alongside smaller average household sizes over time. That dynamic points to a gradually expanding renter pool and supports occupancy stability, with local median contract rents also projected to rise in the forecast period.
The average neighborhood construction year trends older than 1985. This property’s vintage is newer than the neighborhood average, which can offer competitive positioning versus older stock; investors should still evaluate system modernization and targeted upgrades to capture value-add upside.
Neighborhood safety performance is competitive among Los Angeles-Long Beach-Glendale neighborhoods (503 of 1,441), and overall compares above the national median based on WDSuite indicators. Recent estimates also point to year-over-year declines in both violent and property offense rates, suggesting a constructive trend to monitor rather than a resolved condition.
As always, investors should underwrite with submarket and micro-location context in mind, tracking multi-year trends and property-specific considerations to contextualize neighborhood-level metrics.
The area draws from a diverse employment base spanning industrial gases, consumer products, healthcare administration, and airline operations, supporting renter demand via broad commute options to nearby employers named below.
- Air Products & Chemicals — industrial gases (4.9 miles)
- Mattel — consumer products (7.1 miles) — HQ
- Molina Healthcare — healthcare administration (8.2 miles) — HQ
- Airgas — industrial gases (8.4 miles)
- Southwest Airlines Counter — airline operations (8.8 miles)
20341 Harvard Blvd is a 64-unit, 1985-vintage asset positioned in a renter-heavy Torrance neighborhood where occupancy is near the metro middle and amenities are strong for daily needs. The vintage is newer than the neighborhood’s average stock, creating relative competitiveness versus older buildings while leaving room for targeted upgrades and system modernization to unlock value-add potential. According to CRE market data from WDSuite, the neighborhood’s high-cost ownership context and above-median amenity access support leasing durability if affordability is managed well.
Within a 3-mile radius, households have been increasing and are projected to continue rising as average household size trends lower—factors that typically expand the renter pool and support occupancy stability. Neighborhood-level NOI per unit benchmarks are above national medians, reinforcing income potential, though elevated rent-to-income ratios indicate affordability pressure that warrants careful lease management and renewal planning.
- Renter-heavy neighborhood and near-metro-median occupancy underpin demand depth
- 1985 vintage offers competitive positioning vs. older stock with value-add upgrade potential
- Elevated ownership costs support sustained rental reliance and pricing power
- 3-mile household growth and smaller household sizes point to renter pool expansion
- Risk: higher rent-to-income ratios require careful affordability, renewal, and concession strategy