| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 23rd | Poor |
| Amenities | 36th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 410 Hawaiian Ave, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 2011 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
410 Hawaiian Ave Wilmington Multifamily Investment
This 100-unit property built in 2011 positions investors in a high-rental-occupancy Los Angeles submarket where 76.4% of housing units are renter-occupied, according to CRE market data from WDSuite.
The Wilmington neighborhood maintains strong rental fundamentals with 76.4% of housing units occupied by renters, ranking in the top 2% nationally among multifamily markets. Neighborhood-level occupancy rates of 95.5% support stable cash flows, while the average construction year of 1963 creates value-add opportunities for properties like this 2011-built asset that offer more modern amenities and systems.
Demographics within a 3-mile radius show household income growth momentum, with median incomes rising 36.1% over five years to $80,319. Forecasted household formation of 24.9% through 2028 indicates expanding renter demand, while the current median rent of $1,526 provides reasonable affordability relative to area incomes. The neighborhood's rent-to-income ratio ranks in the bottom quartile nationally, suggesting potential pricing power as market conditions strengthen.
Home values averaging $550,963 with 57.7% appreciation over five years reinforce rental demand by keeping ownership costs elevated relative to renting. The area's Inner Suburb classification and proximity to major employment centers support long-term tenant retention, though investors should monitor the forecast 2.9% population decline through 2028 for potential absorption impacts.
Property crime rates in the neighborhood rank in the middle tier among Los Angeles metro neighborhoods, with recent trends showing meaningful improvement. Property offense rates declined 69.6% year-over-year, placing the neighborhood in the 95th percentile nationally for crime reduction momentum.
Violent crime rates remain relatively contained at 27.3 incidents per 100,000 residents, with an exceptional 94.1% year-over-year decline that ranks in the 99th percentile nationally for improvement. While baseline crime metrics require ongoing attention, the strong directional trends support neighborhood stability and tenant retention considerations.
The property benefits from proximity to diverse corporate employers that support workforce housing demand, including healthcare, industrial, and technology companies within commuting distance.
- Air Products & Chemicals — industrial chemicals (3.7 miles)
- Molina Healthcare — healthcare services (4.4 miles) — HQ
- Airgas — industrial gases (9.7 miles)
- Mattel — consumer products (12.1 miles) — HQ
- Southwest Airlines Counter — aviation services (14.0 miles)
This 2011-built property offers investors exposure to Los Angeles County's resilient rental market with above-average occupancy fundamentals and growing household formation. The neighborhood's 76.4% rental occupancy share ranks in the top 2% nationally, while commercial real estate analysis from WDSuite indicates strong NOI performance at $17,053 per unit, ranking in the 96th percentile among metro neighborhoods. Forecast household growth of 24.9% through 2028 supports long-term demand, though investors should plan for potential population softening and monitor absorption rates.
The property's 2011 vintage provides modern systems and reduced capital expenditure needs compared to the neighborhood's 1963 average construction year, while elevated home values maintain rental demand by keeping ownership costs above renter thresholds. Income growth momentum and improving safety trends create a foundation for stable operations, balanced against demographic headwinds that require active leasing management.
- High rental occupancy market with 76.4% of units renter-occupied (top 2% nationally)
- Strong NOI performance at $17,053 per unit (96th percentile metro ranking)
- Modern 2011 construction reduces near-term capital needs
- Forecast 24.9% household growth supports rental demand through 2028
- Risk: Forecast 2.9% population decline requires active leasing and retention strategies