| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 25th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1505 N Avalon Blvd, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1986 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1505 N Avalon Blvd, Wilmington CA Multifamily Opportunity
Neighborhood occupancy remains firm and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data; this commercial real estate analysis points to stable cash-flow potential with measured upside.
Located in Wilmington within the Los Angeles-Long Beach-Glendale metro, the neighborhood scores above the metro median on overall amenities (rank 619 of 1,441), with strong access to parks and pharmacies (both near the top quartile nationally) and a solid base of restaurants. Everyday convenience is somewhat mixed, with limited grocery and cafe density nearby. These dynamics typically support resident satisfaction while suggesting selective retail gaps investors should note.
For multifamily, neighborhood occupancy is high and above the metro median, landing in the top quartile nationally. That backdrop, based on CRE market data from WDSuite, indicates resilient leasing conditions for workforce-oriented assets. The share of housing units that are renter-occupied sits in the low-40% range, signaling a meaningful tenant base without overwhelming concentration—supportive for demand depth and retention.
Home values are elevated relative to national norms (around the 90th percentile), and the value-to-income ratio trends high as well. In practice, that high-cost ownership market tends to reinforce reliance on rental housing, aiding lease stability and pricing power when operations are well managed. At the same time, rent-to-income metrics are comparatively moderate for the region, which can help manage affordability pressure and reduce turnover risk.
Demographic indicators (aggregated within a 3-mile radius) show a slight population dip in recent years but a modest increase in households, with forecasts pointing to further household growth and smaller average household sizes. For investors, that pattern generally expands the prospective renter pool over time and can support occupancy stability even as population growth moderates.
School ratings trend below national averages and should be considered when positioning for family households. Overall, the submarket profile blends durable occupancy, a sizable renter base, and ownership costs that underpin rental demand, with operational attention warranted around amenity gaps and family-oriented expectations.
Safety indicators benchmark in the upper third nationally, according to WDSuite’s CRE market data, placing the neighborhood comparatively safer than many peer areas nationwide. Recent year-over-year trends show notable declines in both violent and property offense estimates, which supports a more stable operating environment for multifamily assets.
Conditions can vary block to block, and investors should underwrite to property-level security and lighting, but the directional improvement and above-average national standing are constructive context at the neighborhood level within the Los Angeles-Long Beach-Glendale metro.
Nearby employers span healthcare, industrial gases, consumer products, and manufacturing, providing diverse job nodes that support renter demand and commute convenience for workforce tenants. The list below highlights key names and proximity likely to influence leasing and retention.
- Air Products & Chemicals — industrial gases (2.3 miles)
- Molina Healthcare — healthcare services (4.1 miles) — HQ
- Airgas — industrial gases (8.2 miles)
- Mattel — consumer products (11.4 miles) — HQ
- Coca-Cola Downey — beverage bottling (12.5 miles)
Built in 1986, the property is newer than much of the surrounding housing stock, offering a competitive edge versus older assets while still allowing for targeted modernization or value-add to drive rents and operating efficiency. Neighborhood occupancy trends above the metro median and in the national top quartile, and elevated home values in the area tend to sustain reliance on rentals—favorable for lease-up, retention, and pricing power when managed prudently. According to CRE market data from WDSuite, household growth within a 3-mile radius, alongside smaller household sizes, points to a gradually expanding renter base even as population growth moderates.
From an affordability standpoint, rent-to-income levels appear comparatively manageable versus many coastal peers, which can help mitigate turnover risk. Key watch items include below-average school ratings and uneven amenity coverage (notably grocery and cafes), which argue for thoughtful unit finishes, security, and resident services to support absorption and retention.
- 1986 vintage offers competitive positioning versus older local stock, with clear value-add and modernization angles
- Neighborhood occupancy in the national top quartile supports cash-flow stability and leasing durability
- High-cost ownership market underpins multifamily demand and can aid pricing power
- 3-mile household growth and smaller household sizes expand the renter pool over time
- Risks: below-average school ratings and patchy retail amenities require careful positioning and resident experience management