| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 69th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21022 Anza Ave, Torrance, CA, 90503, US |
| Region / Metro | Torrance |
| Year of Construction | 1972 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21022 Anza Ave Torrance CA Multifamily Investment
Positioned in a renter-driven pocket of Torrance with strong local incomes and elevated area rents, this asset offers durable demand fundamentals according to WDSuite’s CRE market data. Neighborhood metrics point to depth in renter-occupied housing, supporting leasing stability for a 42-unit community.
The property sits within an Urban Core neighborhood rated B+ and competitive among Los Angeles-Long Beach-Glendale metro neighborhoods (ranked 523 out of 1,441). Daily needs are well served: grocery access is among the top percentiles nationally and pharmacies are near the highest concentrations, while restaurants are also dense by national comparison. These amenity patterns support livability and reduce friction for residents, which can aid renewal rates.
Renter demand indicators are constructive. At the neighborhood level, the share of housing units that are renter-occupied is high, signaling a large tenant base for multifamily. Within a 3-mile radius, households have risen modestly and are projected to expand further alongside a decrease in average household size, which typically broadens the renter pool and supports occupancy stability for well-managed assets.
For pricing context, area rents benchmark above national levels, suggesting a market accustomed to higher monthly payments and potential for consistent collections with disciplined screening. Median home values in the neighborhood are also elevated by national standards, creating a high-cost ownership market that tends to sustain reliance on multifamily housing and can reinforce lease retention in professionally operated communities.
Vintage matters for underwriting: built in 1972 versus a neighborhood average construction year of 1974, the asset is slightly older than the local stock. Investors should plan for targeted capital improvements and potential value-add upgrades to maintain competitive positioning against newer and renovated comparables.
Safety trends are generally favorable in a metro context. The neighborhood’s overall safety profile rates above many U.S. neighborhoods (national safety percentiles are in the upper range), which supports renter appeal and retention. Notably, property offense rates track in a strong national percentile, and year-over-year property offenses have improved materially.
That said, violent offense trends showed a recent year-over-year increase even as property offenses declined. Interpreting these signals at the neighborhood scale—rather than at a specific block—suggests a mixed but manageable risk profile for operators focused on standard security measures and resident engagement. Rankings reference the Los Angeles-Long Beach-Glendale metro basis of 1,441 neighborhoods.
Nearby employers span corporate offices and technology, supporting a diverse white-collar workforce and commute convenience for renters, including Mattel, Air Products & Chemicals, Southwest Airlines, Microsoft, and Symantec.
- Mattel — toy manufacturing HQ (5.9 miles) — HQ
- Air Products & Chemicals — industrial gases (7.7 miles)
- Southwest Airlines Counter — airport operations (7.8 miles)
- Microsoft Offices The Reserves — software (10.1 miles)
- Symantec — cybersecurity (10.4 miles)
This 42-unit, 1972-vintage community in Torrance benefits from a deep renter base, elevated neighborhood rents, and strong local incomes that support collections and renewal economics. Within a 3-mile radius, population growth is projected alongside a notable increase in households and smaller household sizes, which typically expands the renter pool and supports occupancy stability for well-run properties. According to CRE market data from WDSuite, the neighborhood shows strong access to daily amenities and a high share of renter-occupied housing units—factors that align with durable multifamily demand.
The asset’s slightly older vintage versus the neighborhood average implies targeted capital planning and value-add potential to keep pace with renovated peers. Elevated home values in the neighborhood reinforce reliance on rental housing, which can aid retention and support disciplined rent positioning over time, while operators should monitor neighborhood-level occupancy trends and safety signals as part of risk management.
- Deep local renter base and elevated area rents support demand and collections
- High-cost ownership market reinforces reliance on multifamily and renewal potential
- Amenity access (grocers, pharmacies, dining) enhances livability and leasing
- 1972 vintage offers value-add and modernization upside with targeted capex
- Risks: neighborhood occupancy sits below national highs; mixed safety trends warrant active management