| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
706 McDonald Ave Wilmington Multifamily Investment
This 45-unit property built in 1987 serves a dense rental market with 96.3% neighborhood occupancy and strong renter retention dynamics. Commercial real estate analysis indicates the area benefits from high rental demand with 61.7% of housing units occupied by renters.
The Wilmington neighborhood demonstrates strong rental fundamentals with 96.3% occupancy rates, ranking in the top quartile among 1,441 Los Angeles metro neighborhoods. With 61.7% of housing units renter-occupied, the area maintains a substantial tenant base that supports consistent demand for multifamily properties.
Demographics within a 3-mile radius show household income growth of 34.8% over five years, with median household income reaching $79,046. The population of 135,111 includes a balanced age distribution, with 24.2% aged 18-34 and 37.8% in the prime working-age bracket of 35-64. Projected household growth of 26.2% through 2028 indicates expanding renter demand in the area.
The neighborhood offers strong amenity density with 6.17 grocery stores per square mile and 18.51 restaurants per square mile, both ranking in the 97th and 96th national percentiles respectively. This amenity concentration supports tenant retention and appeals to renters seeking urban convenience. The area's median rent of $1,262 provides affordability relative to broader Los Angeles County market conditions.
Built in 1987, this property aligns with the neighborhood's average construction year of 1949, potentially offering value-add renovation opportunities to enhance competitive positioning. Home values averaging $575,774 with 57.6% five-year appreciation reinforce rental demand as ownership costs remain elevated for many households in the area.
Safety metrics show the neighborhood performing above average compared to the broader Los Angeles metro area. Property crime rates rank in the 65th national percentile, while violent crime incidents have declined significantly with a 96.3% reduction year-over-year, placing the area in the top tier nationally for crime trend improvement.
The overall crime ranking places this neighborhood in a competitive position among the 1,441 neighborhoods in the Los Angeles metro area, with both property and violent crime rates trending favorably. These improving safety conditions support tenant retention and can enhance the property's appeal to quality renters seeking stable residential environments.
The surrounding area benefits from diverse corporate employment anchors within commuting distance, providing workforce housing opportunities for professionals across multiple industries.
- Air Products & Chemicals — industrial chemicals and gases (3.3 miles)
- Molina Healthcare — healthcare services (4.2 miles) — HQ
- Airgas — industrial gas distribution (9.3 miles)
- Mattel — consumer products (12.0 miles) — HQ
- Raytheon Public Safety RTC — defense and aerospace (13.6 miles)
This 45-unit Wilmington property capitalizes on strong rental market fundamentals, with neighborhood occupancy of 96.3% ranking in the top quartile among Los Angeles metro neighborhoods. According to CRE market data from WDSuite, the area's 61.7% renter-occupied housing stock creates a substantial tenant base, while projected household growth of 26.2% through 2028 supports continued rental demand expansion.
Built in 1987, the property offers potential value-add opportunities through strategic renovations to capture rent premiums in a market where median home values of $575,774 keep many households in rental housing. The neighborhood's dense amenity profile and improving safety trends enhance tenant retention prospects, while proximity to major employers including Molina Healthcare headquarters provides workforce housing appeal.
- Top quartile occupancy performance among 1,441 metro neighborhoods
- Strong renter retention with 61.7% of housing units occupied by tenants
- Projected 26.2% household growth through 2028 expanding tenant base
- Value-add renovation potential with 1987 construction vintage
- Risk consideration: Monitor rent-to-income ratios as household costs increase