| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1132 N Wilmington Blvd, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1987 |
| Units | 62 |
| Transaction Date | 1995-07-26 |
| Transaction Price | $1,285,000 |
| Buyer | HANSA INVESTMENTS INC |
| Seller | 1132 WILMINGTON BOULEVARD |
1132 N Wilmington Blvd Multifamily — Renter-Heavy LA Submarket
Neighborhood occupancy and renter concentration point to durable leasing conditions for this asset, according to WDSuite’s CRE market data.
Located in Wilmington within Los Angeles County, the property sits in an Urban Core neighborhood with sustained renter demand. Neighborhood occupancy is strong (upper-tier nationally) and is competitive among Los Angeles neighborhoods (ranked against 1,441 metro areas), supporting income stability at comparable multifamily assets.
The renter-occupied share of housing is high for the metro—top quartile among 1,441 Los Angeles neighborhoods—signaling a deep tenant base and steady turnover for value-oriented units. Median contract rents in the neighborhood track mid-market for Los Angeles, which can aid retention while still allowing for measured revenue management.
Everyday convenience is a relative strength: grocery and cafe density sit in the upper national percentiles, and restaurant choice is robust. Park and pharmacy access are lighter in the immediate area, which may modestly affect lifestyle positioning versus amenity-rich submarkets; investors can offset this with on-site features that enhance resident convenience.
The average neighborhood construction year skews older (mid‑20th century), while this asset’s 1987 vintage is newer than much of the local stock—often translating to fewer near-term system replacements and a clearer path for targeted renovations to sharpen competitive positioning.
Within a 3‑mile radius, the population has been relatively flat to slightly down over recent years, while household counts have increased and average household size has edged lower. This pattern typically expands the renter pool and supports occupancy stability. Rising household incomes in the area, alongside a high-cost ownership market, reinforce reliance on multifamily housing and can sustain leasing velocity for well-managed buildings.
Safety signals are mixed when viewed across geographies. Nationally, the neighborhood’s indicators sit in higher percentiles, suggesting comparatively favorable conditions versus many U.S. neighborhoods. Within the Los Angeles metro, however, it falls on the higher-crime side relative to the region’s 1,441 neighborhoods, warranting standard operating practices around lighting, access control, and resident engagement.
Recent trend data shows notable year-over-year improvement in both property and violent offense estimates, which, if sustained, would be constructive for long-term perception and leasing.
Proximity to industrial, healthcare, and consumer products employers underpins workforce housing demand and commute convenience for renters, including Air Products & Chemicals, Molina Healthcare, Airgas, Mattel, and Coca‑Cola operations.
- Air Products & Chemicals — industrial gases (3.1 miles)
- Molina Healthcare — health insurance (4.5 miles) — HQ
- Airgas — industrial gases (9.1 miles)
- Mattel — consumer products/toys (11.5 miles) — HQ
- Coca‑Cola Downey — beverage bottling/distribution (13.3 miles)
1132 N Wilmington Blvd offers exposure to a renter-heavy Los Angeles submarket where neighborhood occupancy trends are solid and the tenant base is deep. The 1987 vintage is newer than much of the surrounding housing stock, creating room for targeted interior and systems updates to enhance rentability without wholesale repositioning. A high-cost ownership landscape in the neighborhood supports reliance on rentals, helping stabilize demand and lease retention.
Within a 3‑mile radius, households have grown even as population has been broadly steady to slightly lower, expanding the pool of renters and supporting occupancy stability; forward estimates point to additional household gains alongside smaller household sizes. According to CRE market data from WDSuite, neighborhood occupancy sits above national averages and is competitive within the metro, while amenity access favors daily conveniences (grocery, cafes, restaurants). Key risks to monitor include lighter park/pharmacy access nearby and safety positioning that is stronger nationally than within the metro.
- High renter concentration and solid neighborhood occupancy support income stability
- 1987 vintage is newer than local average, enabling focused value-add without heavy capex
- High-cost ownership market reinforces sustained multifamily demand and retention
- Household growth within 3 miles and shrinking household size expand the renter pool
- Risks: lighter park/pharmacy access and metro-relative safety require active management