| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 31st | Poor |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10800 Laurel Ave, Whittier, CA, 90605, US |
| Region / Metro | Whittier |
| Year of Construction | 1998 |
| Units | 50 |
| Transaction Date | 2015-04-23 |
| Transaction Price | $3,498,000 |
| Buyer | SUN SAGE HOMES LP |
| Seller | SUNSHINE TERRACE REPURCHASE LLC |
10800 Laurel Ave Whittier Multifamily Investment
This 50-unit property built in 1998 positions investors in a neighborhood with above-average occupancy rates and rising median rents, according to CRE market data from WDSuite.
Located in Whittier's urban core, this neighborhood demonstrates solid rental fundamentals with 95.4% occupancy rates ranking in the 73rd percentile nationally among 1,441 Los Angeles metro neighborhoods. The area's median contract rent of $1,689 has grown 16.2% over five years, reflecting sustained tenant demand in this established rental market where 44.5% of housing units are renter-occupied.
The property's 1998 construction year positions it newer than the neighborhood average of 1959, potentially reducing near-term capital expenditure needs compared to older building stock. Demographics within a 3-mile radius show household incomes averaging $111,587 with projected growth to $153,404 by 2028, supporting rental affordability and tenant retention potential.
Home values averaging $621,884 with a 7.5 value-to-income ratio in the 94th percentile nationally suggest elevated ownership costs that reinforce rental demand and sustain renter reliance on multifamily housing. The neighborhood offers moderate amenity density with restaurants and cafes ranking in the 89th and 85th percentiles nationally, supporting tenant appeal.
Safety metrics show the neighborhood performing near metro averages, with property crime rates of 501 incidents per 100,000 residents ranking 824th among 1,441 Los Angeles metro neighborhoods. Notably, both property crime and violent crime rates have declined over the past year by 23.2% and 12.3% respectively, indicating improving trends that may support tenant retention and property appeal.
The surrounding area benefits from proximity to established corporate employers that support workforce housing demand and commute convenience for tenants.
- LKQ — automotive parts distribution (1.7 miles)
- International Paper — packaging and paper products (2.1 miles)
- Raytheon Public Safety RTC — defense and aerospace offices (4.0 miles)
- Coca-Cola Downey — beverage operations (4.5 miles)
- Edison International — utility services (8.4 miles) — HQ
This 50-unit property offers investors exposure to stable rental fundamentals in an established Whittier neighborhood. Built in 1998, the asset is newer than the local average, potentially reducing near-term capital expenditure requirements while maintaining competitive positioning. Neighborhood-level occupancy of 95.4% ranks above metro median performance, while rising household incomes and elevated homeownership costs support sustained rental demand.
Demographic projections within a 3-mile radius show household income growth of 37.5% expected by 2028, expanding the renter pool and supporting lease renewal potential. The area's declining crime rates and proximity to major employers including LKQ and International Paper provide additional tenant retention advantages for multifamily property research considerations.
- Above-average neighborhood occupancy rates at 95.4% indicate stable rental demand
- 1998 construction vintage newer than area average may reduce capital expenditure needs
- Projected 37.5% household income growth supports tenant affordability and retention
- Elevated homeownership costs reinforce rental market demand
- Risk: School ratings below metro average may limit family tenant appeal