| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 706 McDonald Ave, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1987 |
| Units | 45 |
| Transaction Date | 2012-12-10 |
| Transaction Price | $3,300,000 |
| Buyer | PI PROPERTIES #25 LLC |
| Seller | HOLLIS ROBERT |
706 McDonald Ave Wilmington Multifamily Investment Opportunity
Stabilized renter demand in the Wilmington neighborhood and a competitive occupancy backdrop point to durable income, according to WDSuite’s CRE market data. Positioning near core employment nodes supports leasing continuity without over-reliance on premium rent growth.
Wilmington sits within Los Angeles County’s Urban Core, offering daily-life convenience and a broad renter base. Neighborhood occupancy is competitive among 1,441 Los Angeles–Long Beach–Glendale neighborhoods and ranks in the top quintile nationally for stability, supporting consistent cash flow potential. Median home values are elevated relative to incomes, which tends to reinforce reliance on multifamily housing and can aid lease retention.
Local amenities skew strong for everyday errands and food access: cafes, groceries, and restaurants score in the top quartile nationally. However, park and pharmacy access rates are low, which may modestly weigh on lifestyle appeal for some residents. Average school ratings trend below national norms, a factor to consider for resident mix and marketing positioning.
Renter-occupied housing accounts for a majority of units in the neighborhood, indicating a deep tenant base that supports demand consistency for smaller assets. Rent-to-income levels suggest manageable affordability pressure, which can help sustain occupancy while requiring disciplined lease management as pricing adjusts.
Within a 3-mile radius, recent years show a slight population dip alongside growth in households and smaller average household sizes. Forward-looking estimates indicate additional increases in household counts and further reductions in household size, expanding the potential renter pool and supporting occupancy over time. These dynamics, paired with strong amenity density, align with investor takeaways from multifamily property research validated by WDSuite.
Relative to neighborhoods nationwide, this area trends above average on safety metrics and is competitive among Los Angeles–Long Beach–Glendale neighborhoods (1,441 total). According to CRE market data from WDSuite, recent year-over-year indicators point to notable declines in both violent and property offense estimates, suggesting an improving trend. Conditions can vary block to block, so property-level security and asset management remain important considerations.
Nearby employers provide a diversified employment base that underpins renter demand and commute convenience, led by industrial gases, healthcare administration, and consumer products headquarters.
- Air Products & Chemicals — industrial gases (3.3 miles)
- Molina Healthcare — healthcare administration (4.2 miles) — HQ
- Airgas — industrial gases (9.3 miles)
- Mattel — consumer products (12.0 miles) — HQ
- Coca-Cola Downey — beverage operations (13.6 miles)
Built in 1987, the property is newer than much of the surrounding housing stock, offering a competitive position versus older assets while leaving room for targeted updates to systems and finishes. Neighborhood occupancy trends are strong for the metro and in the top tier nationally, and a majority renter-occupied housing mix supports depth of demand for a 45‑unit asset with efficient floor plans.
Within a 3-mile radius, household counts have been rising even as population trends softened, and forecasts point to further household growth and smaller household sizes — expanding the tenant base and supporting leasing stability. Elevated home values in this part of Los Angeles County help sustain reliance on rentals, while rent-to-income levels indicate room for thoughtful rent management. According to WDSuite’s commercial real estate analysis, these dynamics compare favorably to broader metro patterns, though amenity gaps (parks, pharmacies) and below-average school ratings warrant risk-adjusted underwriting.
- Competitive vintage (1987) versus older local stock, with value-add potential through selective modernization
- Strong neighborhood occupancy and majority renter concentration support demand resilience
- Household growth and smaller household sizes within 3 miles expand the renter pool
- High-cost ownership market reinforces rental reliance and potential lease retention
- Risks: lower school ratings, limited parks/pharmacies, and the need to monitor submarket safety trends