| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 25th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1565 N Avalon Blvd, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | 1998-07-22 |
| Transaction Price | $845,180 |
| Buyer | IRVINE JOHN STUART |
| Seller | CO CALIFORNIA NATIONAL BANK |
1565 N Avalon Blvd Wilmington Multifamily Investment
Neighborhood occupancy trends in the mid-90s suggest resilient rent rolls for a 24‑unit asset, according to WDSuite’s CRE market data, while elevated ownership costs in Los Angeles County help support sustained renter demand.
Situated in Wilmington within Los Angeles County’s Urban Core, the property benefits from a renter-occupied share near half of local housing units, indicating a durable tenant base for multifamily investors. The neighborhood’s occupancy rate is strong compared with national norms, supporting lease stability at the submarket level rather than at the property itself.
Livability signals are mixed: parks and pharmacies score in the upper national percentiles, while café and grocery density is comparatively thin. Average school ratings trail national benchmarks, which may skew demand toward workforce renters rather than families prioritizing top-rated schools.
Relative to the Los Angeles-Long Beach-Glendale metro, this neighborhood ranks 1,047 out of 1,441, placing it below the metro median overall; however, housing indicators sit in the 72nd percentile nationally, pointing to pricing power that is competitive against many U.S. neighborhoods. Median contract rents for the area are above the national midpoint and have risen over the past five years, reinforcing steady renter demand.
The property’s 1987 vintage is newer than the neighborhood’s older housing stock (average vintage is mid‑20th century), offering a competitive position versus pre‑war and post‑war buildings. Investors should still plan for system modernization and selective common‑area updates typical for late‑1980s construction to maintain leasing velocity and reduce turnover risk.
Demographic statistics are aggregated within a 3‑mile radius and show household counts increasing even as average household size trends lower. This combination expands the pool of renting households and supports occupancy durability, with income gains outpacing rent growth in recent years, according to WDSuite’s commercial real estate analysis.
Safety indicators are improving on a year‑over‑year basis, with both property and violent offense rates trending down, per WDSuite. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime rank is 533 out of 1,441, which is competitive among Los Angeles neighborhoods. Nationally, it sits around the upper third, indicating comparatively better safety than many urban areas.
Investors should view safety in context: conditions can vary by block and over time, but the recent downward trend lends support to renter retention and leasing stability relative to peer urban neighborhoods.
Nearby employers provide diverse white‑ and blue‑collar jobs that underpin multifamily demand and commute convenience, including Air Products & Chemicals, Molina Healthcare, Airgas, and Mattel.
- Air Products & Chemicals — industrial gases (2.2 miles)
- Molina Healthcare — healthcare services (4.2 miles) — HQ
- Airgas — industrial gases (8.1 miles)
- Mattel — consumer products (11.3 miles) — HQ
- Coca-Cola Downey — beverages (12.4 miles)
1565 N Avalon Blvd offers a 1987‑vintage, 24‑unit footprint positioned in a neighborhood with mid‑90s occupancy at the neighborhood level and a renter mix that supports steady leasing. The asset is newer than much of the surrounding stock, providing a relative edge versus older buildings while still warranting targeted capital plans for late‑1980s systems and finishes. According to CRE market data from WDSuite, local rents have trended upward over the past five years and ownership costs are elevated for the county, both of which support depth in the renter pool and pricing power.
Within a 3‑mile radius, household counts are rising even as average household size declines, expanding the base of renting households and supporting occupancy stability. Amenity density is mixed—strong park and pharmacy access but fewer cafés and groceries—so investors should emphasize on‑site conveniences and operational execution to sustain retention.
- Neighborhood occupancy in the mid‑90s supports stable rent rolls and leasing durability
- 1987 vintage is newer than local stock, offering competitive positioning with manageable modernization scope
- Household growth within 3 miles expands the tenant base and supports retention
- Elevated ownership costs in Los Angeles County reinforce renter demand and pricing power
- Risks: thinner café/grocery density and below‑average school ratings require strong on‑site amenities and management focus