| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1150 N Wilmington Blvd, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1987 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1150 N Wilmington Blvd Wilmington Multifamily Investment
Neighborhood fundamentals show high renter concentration and steady occupancy, according to CRE market data from WDSuite, supporting pricing power and leasing stability for this Wilmington, CA asset. These metrics reflect neighborhood conditions, not the property, and point to durable renter demand in an urban-core location.
Livability indicators are mixed but generally favorable for rental housing. Neighborhood occupancy is strong and, per WDSuite, sits in the top quartile nationally and is competitive among the 1,441 Los Angeles–Long Beach–Glendale neighborhoods. The area also has a high share of renter-occupied housing units (about six in ten), indicating depth in the tenant base and supporting multifamily lease-up and retention. These are neighborhood metrics, not property-specific performance.
Local amenity access is a relative strength. Cafes, grocery stores, and restaurants concentrate at levels that rank near the top nationally, offering daily-needs convenience and service employment that can aid leasing velocity. By contrast, park and pharmacy counts within the neighborhood score at the bottom of national comparisons, a factor investors may weigh when assessing family appeal and resident services.
Within a 3-mile radius, demographics point to a stable renter pool. Households have grown recently and are projected to expand further even as overall population trends modestly down, suggesting smaller average household sizes and a broader base of household formations that can support occupancy stability. Income levels in the 3-mile trade area have risen meaningfully and are forecast to continue increasing, which supports rent collections and reduces volatility in downturns.
Home values in the neighborhood sit at elevated levels relative to incomes on a national basis. This high-cost ownership context tends to reinforce reliance on rental housing and can support retention and pricing power for well-managed multifamily. School ratings trend below national averages, which may influence unit mix appeal for family renters, while the urban-core setting provides access to jobs and services that keep demand resilient.
Safety indicators reflect an urban-core profile. According to WDSuite, recent one-year trends show sharp declines in both violent and property offenses, ranking among the strongest improvements nationally. Even with these gains, prudent underwriting would typically include enhanced on-site security measures and resident screening consistent with urban Los Angeles submarkets. These observations describe neighborhood conditions rather than the property itself.
Proximity to industrial gases, healthcare administration, consumer products, and airline operations supports a diversified employment base that can drive renter demand and shorten commute times for residents. The employers below represent nearby demand anchors relevant to workforce and mid-wage renters.
- Air Products & Chemicals — industrial gases (3.1 miles)
- Molina Healthcare — managed care administration (4.5 miles) — HQ
- Airgas — industrial gases (9.0 miles)
- Mattel — toys & consumer products offices (11.5 miles) — HQ
- Southwest Airlines Counter — airline operations (13.3 miles)
Built in 1987, the property is materially newer than much of the neighborhood s housing stock, positioning it competitively versus older assets while still offering potential to modernize systems and finishes for value-add upside. Neighborhood occupancy remains solidly above national midpack and competitive within the Los Angeles metro, with a high share of renter-occupied units reinforcing tenant demand; according to CRE market data from WDSuite, these neighborhood dynamics support leasing stability rather than property-level guarantees.
Within a 3-mile radius, households are increasing and forecast to expand further even as population edges down, implying smaller household sizes and a wider renter base over time. Elevated home values relative to incomes point to a high-cost ownership market that sustains reliance on multifamily, while neighborhood rent-to-income levels suggest manageable affordability pressure that can aid renewals and limit turnover when paired with disciplined rent setting.
- Newer 1987 vintage versus older local stock supports competitive positioning with selective modernization upside.
- Strong neighborhood occupancy and high renter-occupied share underpin demand and lease retention (neighborhood metrics).
- 3-mile household growth and income gains expand the tenant base and support collections.
- High-cost ownership context reinforces multifamily reliance, supporting pricing power for well-managed assets.
- Risks: urban-core safety perception, below-average school ratings, and limited parks/pharmacy access warrant prudent operations and underwriting.