| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 45th | Fair |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14480 Mulberry Dr, Whittier, CA, 90604, US |
| Region / Metro | Whittier |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14480 Mulberry Dr Whittier Multifamily Investment
This 24-unit property built in 1974 sits in a neighborhood with 97.3% occupancy rates and strong rental demand fundamentals. Commercial real estate analysis from WDSuite shows the area ranks in the top quartile nationally for housing metrics among 1,441 metro neighborhoods.
The Whittier neighborhood demonstrates solid multifamily fundamentals with 97.3% occupancy rates ranking in the 85th percentile nationally among 1,441 Los Angeles metro neighborhoods. Median contract rents of $1,742 have grown 30.7% over five years, while the area maintains a 51.1% share of renter-occupied housing units, indicating sustained rental demand.
Demographics within a 3-mile radius support rental market stability, with 156,138 residents and median household income of $99,471. The area shows income growth of 34.7% over five years, with projections indicating continued household formation and rent growth to $2,404 by 2028. Home values averaging $683,624 with a 7.6 value-to-income ratio reinforce rental demand as elevated ownership costs keep households in the multifamily market.
The 1974 construction year aligns with the neighborhood average of 1977, presenting potential value-add opportunities through targeted renovations and unit improvements. Local amenities include above-average access to childcare facilities and pharmacies, with grocery stores at 1.68 per square mile supporting tenant retention. Schools average 3.5 out of 5 stars, ranking in the 73rd percentile nationally.
Crime metrics show mixed signals requiring careful evaluation for investment planning. Property crime rates of 456.6 per 100k residents rank in the 39th percentile nationally, while violent crime at 89.6 per 100k ranks in the 33rd percentile among neighborhoods nationwide.
Recent trends indicate property crime increased 16.2% year-over-year and violent crime rose 44.6%, both below metro medians but worth monitoring for potential impacts on tenant retention and insurance costs. The neighborhood's overall crime rank of 1,183 out of 1,441 metro neighborhoods suggests performance below regional averages.
The property benefits from proximity to established corporate offices providing workforce housing demand within the greater Los Angeles employment corridor.
- LKQ — automotive parts distribution (2.2 miles)
- International Paper — manufacturing and packaging (3.2 miles)
- Time Warner Business Class — telecommunications services (5.3 miles)
- Raytheon Public Safety RTC — defense and aerospace offices (5.5 miles)
- Edison International — utility services (8.6 miles) — HQ
This 24-unit Whittier property presents a value-add opportunity in a neighborhood demonstrating strong occupancy fundamentals and rental demand drivers. The 97.3% neighborhood occupancy rate ranks in the 85th percentile nationally, while growing household incomes and elevated home values support sustained renter reliance on multifamily housing. The 1974 vintage offers renovation upside potential to capture rent growth in a market where contract rents have increased 30.7% over five years.
Demographic projections within the 3-mile radius show continued household formation and rent growth to $2,404 by 2028, according to CRE market data from WDSuite. The neighborhood's top-quartile housing ranking among 1,441 metro areas, combined with proximity to established employers like LKQ and International Paper, supports long-term tenant demand and retention potential.
- High occupancy environment with 97.3% neighborhood rates ranking 85th percentile nationally
- Strong rent growth trajectory with 30.7% five-year increase and $2,404 projected median by 2028
- Value-add potential through 1974 vintage property improvements and unit renovations
- Elevated home values reinforce rental demand as ownership costs exceed 7.6x median income
- Crime trends require monitoring as both property and violent offenses increased year-over-year