| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 25th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1511 N Avalon Blvd, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1986 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1511 N Avalon Blvd Wilmington Multifamily Investment
Neighborhood occupancy remains resilient and renter concentration is elevated, supporting leasing stability for this submarket, according to WDSuite’s CRE market data. These indicators reflect the surrounding neighborhood rather than the property itself.
Located in Wilmington within the Los Angeles-Long Beach-Glendale metro, the area shows above-median amenity positioning for the region (ranked 619 of 1,441 metro neighborhoods), with strong access to parks and pharmacies. Restaurant density is comparatively healthy, while grocery and cafe density is thinner, suggesting residents rely on a mix of nearby corridors for daily needs.
Neighborhood occupancy is above the metro median and in the upper tier nationally, indicating steady renter demand. The share of housing units that are renter-occupied is also above national norms, signaling a deeper tenant base for multifamily assets. These neighborhood metrics speak to demand conditions and not the specific occupancy of the property.
Home values in the area sit in a high-cost ownership market relative to national comparisons, which can reinforce reliance on rental housing and aid pricing power and retention for well-maintained properties. Average school ratings trail national averages, which some investors weigh in underwriting; however, solid access to parks and essential services can support livability for a broad workforce renter segment.
Within a 3-mile radius, demographics show modest population drift but growth in households alongside smaller average household sizes over time. This pattern typically supports a larger pool of renters entering the market, which can help sustain occupancy even as household composition evolves, based on CRE market data from WDSuite.
Safety indicators for the neighborhood are competitive versus many U.S. areas, with overall conditions scoring in the upper third nationally. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime profile compares favorably to the median.
Recent trend data shows notable improvement: estimated violent and property offense rates have declined sharply over the last year, placing these improvements among the strongest nationally. As with any urban core location, conditions can vary block to block; investors typically evaluate on-the-ground factors and management practices when assessing risk.
The employment base nearby includes manufacturing, healthcare, and corporate offices that support renter demand through commute convenience and workforce stability. Key employers in proximity include Air Products & Chemicals, Molina Healthcare, Airgas, Mattel, and Coca-Cola Downey.
- 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 — beverages (12.5 miles)
Built in 1986, the property is newer than much of the surrounding housing stock, which can enhance competitive positioning versus older assets while still offering potential value-add through targeted interior and system updates. Neighborhood occupancy trends are above the metro median and nationally strong, and the local share of renter-occupied housing units suggests depth in the tenant base. High relative home values in the area further support sustained reliance on rental housing, aiding retention and pricing power for well-operated communities.
Within a 3-mile radius, households have been increasing even as average household sizes moderate, pointing to a broader renter pool over the next several years. According to commercial real estate analysis from WDSuite, these dynamics, coupled with steady neighborhood occupancy, align with long-term demand for efficiently sized units typical of this asset’s average floor plans.
- 1986 vintage offers competitive positioning versus older stock, with value-add potential through modernization
- Neighborhood occupancy above metro median supports leasing stability
- Elevated home values reinforce reliance on rental housing and support pricing power
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: below-average school ratings and thinner grocery/cafe density warrant underwriting sensitivity and active asset management