| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1153 N Wilmington Blvd, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1987 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1153 N Wilmington Blvd, Wilmington CA Multifamily Opportunity
Neighborhood occupancy is solid with competitive stability, and renter concentration supports a steady tenant base, according to WDSuite’s CRE market data.
Located in Wilmington (Los Angeles County), the property sits in an Urban Core neighborhood rated C+. Neighborhood occupancy is competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods and has trended upward over the past five years, reinforcing baseline cash flow stability for multifamily assets.
Local amenities are a relative strength: cafes, groceries, and restaurants register in the upper national percentiles, indicating daily-needs convenience that can aid leasing and retention. Park and pharmacy access are limited within the immediate neighborhood, which investors should weigh against the strong food-and-beverage and grocery density when assessing resident appeal.
The area’s housing stock skews older (neighborhood average vintage 1949), while this asset’s 1987 construction positions it newer than much of the competitive set—generally supportive for curb appeal and ongoing competitiveness. Still, systems from the late 1980s may warrant targeted modernization in capital plans to enhance rentability and reduce maintenance risk.
Renter-occupied housing accounts for a high share of neighborhood units, indicating depth in the tenant pool and durable demand for multifamily. Within a 3-mile radius, households have grown modestly in recent years and are projected to expand further even as average household size declines, pointing to a larger count of households and potential renter pool expansion that supports occupancy and leasing velocity.
Home values in the neighborhood sit at elevated levels versus national norms, which typically sustains renter reliance on multifamily housing and can support pricing power. At the same time, rent-to-income levels track relatively manageably by national comparison, suggesting moderated affordability pressure and potentially better lease retention, based on CRE market data from WDSuite.
Safety indicators benchmark favorably in a national context, with the neighborhood comparing well versus many U.S. areas. Recent data also show meaningful declines in both violent and property offense rates year over year. While individual blocks can vary, the broader trend suggests relative stability versus national norms, competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods.
Proximity to established employers supports workforce housing demand and commute convenience for residents. Notable nearby employment drivers include Air Products & Chemicals, Molina Healthcare, Airgas, and Mattel, which can underpin leasing stability.
- Air Products & Chemicals — industrial gases (3.1 miles)
- Molina Healthcare — healthcare services (4.5 miles) — HQ
- Airgas — industrial gases (9.0 miles)
- Mattel — consumer products (11.5 miles) — HQ
The investment case centers on durable renter demand, competitive neighborhood occupancy, and relative convenience to daily amenities and employment nodes. Built in 1987, the 28-unit asset is newer than much of the local stock, offering a practical platform for focused value-add and system upgrades to strengthen long-term competitiveness. According to CRE market data from WDSuite, elevated ownership costs in the area tend to reinforce renter reliance on multifamily housing, while rent-to-income levels suggest manageable affordability pressure that can support lease retention.
Within a 3-mile radius, recent household growth alongside smaller average household sizes points to more households over time—even with flat to modestly declining population—supporting occupancy stability and leasing velocity. Amenity density (restaurants, groceries, cafes) compares favorably on a national basis, which can enhance resident appeal and reduce friction in marketing. Key risks include limited park access and variation in school quality, warranting disciplined underwriting on rent growth and turnover assumptions.
- Competitive neighborhood occupancy supports baseline cash flow stability
- 1987 vintage offers value-add path via targeted modernization
- High renter concentration and elevated ownership costs sustain multifamily demand
- Strong amenity density and nearby employers bolster leasing and retention
- Risks: limited park access and uneven school ratings require conservative assumptions