| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 47th | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1636 E Lomita Blvd, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1636 E Lomita Blvd Wilmington Multifamily Investment
Neighborhood occupancy around 95% and a renter-occupied share near half suggest a stable tenant base, according to WDSuite’s CRE market data. Positioned in Los Angeles County’s Urban Core, the asset benefits from broad amenity access and durable renter demand drivers.
This Wilmington location sits within the Los Angeles-Long Beach-Glendale metro, with the neighborhood rated B+ and ranked 378 out of 1,441 metro neighborhoods — competitive among Los Angeles neighborhoods. Amenity access trends favor multifamily: grocery, pharmacy, and park density each place in the 90th percentile nationally, and restaurants are similarly strong, while cafes are thinner, reflecting a practical, everyday-services profile rather than boutique retail concentration.
Rents in the neighborhood are above national norms and have risen over the past five years, while neighborhood occupancy is above the national median (71st percentile), supporting income durability for stabilized assets. The share of housing units that are renter-occupied is high versus the nation (89th percentile), indicating a deep tenant base that can aid leasing velocity and retention for a 24-unit property.
Home values are elevated (93rd percentile nationally) and the value-to-income ratio is high (96th percentile), signaling a high-cost ownership market that tends to reinforce reliance on multifamily rentals. At the same time, the neighborhood’s rent-to-income ratio trends on the lower side nationally (19th percentile), a combination that can support retention and manageable lease management risk.
Within a 3-mile radius, population has been essentially flat in recent years while household counts edged higher, and projections indicate households may continue to increase even as population trends modestly lower — implying smaller household sizes and a potential renter pool expansion that can support occupancy stability. Average school ratings sit near the national midpoint, which may limit family-driven premiums but generally aligns with workforce housing dynamics in the Urban Core. The property’s 1974 vintage is older than the area’s average construction year (1985), pointing to potential value-add through unit renovations, systems updates, and exterior/common-area improvements to remain competitive against newer stock.
Based on WDSuite neighborhood data, this area benchmarks in the 76th percentile for safety nationally — a top-quartile position compared with neighborhoods across the U.S. Within the Los Angeles metro (1,441 neighborhoods), that places the location above broad regional averages on comparative safety.
Recent trend indicators show sharp year-over-year declines in both property and violent offense estimates (each improving at high national percentiles), suggesting favorable momentum. As always, investors should evaluate submarket and corridor-level patterns as part of standard diligence rather than relying on block-level assumptions.
Proximity to industrial, healthcare, and corporate offices provides a diversified employment base supporting workforce renter demand and commute convenience. Notable nearby employers include Air Products & Chemicals, Molina Healthcare, Airgas, Mattel, and Southwest Airlines operations.
- Air Products & Chemicals — industrial gases (4.3 miles)
- Molina Healthcare — healthcare services (6.4 miles) — HQ
- Airgas — industrial gases (9.8 miles)
- Mattel — consumer products (9.8 miles) — HQ
- Southwest Airlines Counter — airline operations (11.7 miles)
1636 E Lomita Blvd combines a renter-heavy neighborhood profile with above-median national occupancy and elevated ownership costs that sustain rental demand. According to CRE market data from WDSuite, the area’s rent positioning and occupancy support income stability for well-managed assets, while a lower rent-to-income ratio nationally points to manageable retention risk. The 1974 construction is older than nearby stock, creating a clear value-add path through interior modernization and building systems upgrades to improve competitive standing.
Within a 3-mile radius, household counts have ticked up and are projected to grow even if population trends modestly lower, implying smaller household sizes and a broader tenant base over time. Strong everyday amenities (grocery, pharmacy, parks) and access to a diverse employment base further underpin leasing fundamentals typical of workforce-oriented submarkets in Los Angeles County.
- Renter-occupied share is high versus the nation, supporting depth of demand and leasing stability.
- Above-median national occupancy and strong everyday amenities reinforce operational performance.
- 1974 vintage offers value-add upside via renovations and systems upgrades versus newer competition.
- Elevated home values and ownership costs sustain renter reliance on multifamily housing.
- Risks: school ratings near the national midpoint and modest population softening may temper top-end rent growth; underwrite capex and leasing assumptions accordingly.