| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 919 N Wilmington Blvd, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
919 N Wilmington Blvd Multifamily in Los Angeles County
Neighborhood occupancy of 96.3% and a renter-occupied housing base support stable demand, according to WDSuite’s CRE market data. This positioning favors steady leasing for a 1986-vintage, small-format asset in Wilmington.
Wilmington’s Urban Core setting offers everyday convenience that supports renter retention. Cafes and groceries are dense for the metro, with neighborhood amenities testing in the top quartile nationally, while restaurants are similarly well represented. Limited park and pharmacy presence suggests fewer green space and on-site healthcare options nearby, which is a consideration for some tenants.
For investors, two signals stand out: the neighborhood’s occupancy is 96.3% (above the metro median and top quartile nationally), and renter-occupied share is high at roughly 62%. Together, these indicate depth in the tenant base and support for ongoing leasing. Median contract rents in the neighborhood track near the national upper-mid range, and a rent-to-income profile that sits below national norms points to manageable affordability pressure, aiding renewal probability.
Within a 3-mile radius, households have grown even as population edged down modestly, and forecasts point to further household expansion with smaller average household sizes. That shift typically enlarges the renter pool and supports occupancy stability, especially for more efficient floor plans like the property’s average 615 sf units. Elevated home values in the neighborhood (high relative to incomes) characterize a high-cost ownership market, which tends to reinforce renter reliance on multifamily housing rather than competing with it.
The asset’s 1986 construction is newer than the neighborhood’s older housing stock (average vintage around the late 1940s). That positioning can be competitively favorable versus pre-1960s buildings; however, investors should still plan for targeted modernization and system updates to meet current renter expectations. School ratings in the area trend below average, which may modestly temper family-oriented demand but is partially offset by the neighborhood’s amenity access and commuting convenience across Los Angeles-Long Beach-Glendale.
Relative to the Los Angeles-Long Beach-Glendale metro, this neighborhood’s safety profile ranks competitive, landing in the top quartile among 1,441 metro neighborhoods and roughly the 81st percentile nationally. Recent trends also show meaningful year-over-year declines in estimated violent and property offenses, which, if sustained, would further support renter retention and leasing stability.
As always, investors should consider property-level measures and block-by-block variation when underwriting; neighborhood metrics provide directional context rather than guarantees of on-site experience.
Nearby employers span healthcare, industrial gases, and corporate offices, supporting a broad workforce renter base and commute-friendly demand for Wilmington apartments. The list below highlights prominent employers within a short drive that anchor daily leasing dynamics in the submarket.
- Air Products & Chemicals — industrial gases (3.3 miles)
- Molina Healthcare — healthcare services (4.4 miles) — HQ
- Airgas — industrial gases (9.3 miles)
- Mattel — consumer products (11.7 miles) — HQ
- Coca-Cola Downey — beverage bottling (13.5 miles)
This 30-unit, 1986-vintage asset in Wilmington benefits from a renter-leaning neighborhood with 96.3% occupancy and a high share of renter-occupied housing units, supporting day-one leasing stability. According to CRE market data from WDSuite, amenity density is strong for essentials and dining, while elevated ownership costs in the area tend to sustain reliance on rental housing. The vintage is newer than much of the surrounding stock, offering competitive positioning with scope for targeted renovations to drive rentability.
Within a 3-mile radius, households have grown and are projected to expand further even as average household size trends lower—patterns that typically broaden the renter pool and support occupancy. Key underwriting considerations include below-average school ratings and limited parks, which may temper certain demand segments, though proximity to diversified employers supports consistent workforce housing demand.
- Renter-occupied concentration and 96.3% neighborhood occupancy support stable leasing
- 1986 vintage is competitive versus older local stock, with value-add modernization potential
- Strong amenity density and high-cost ownership milieu reinforce multifamily demand
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: limited parks and below-average schools may narrow some demand segments