| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 926 N Wilmington Blvd, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1987 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
926 N Wilmington Blvd Multifamily Investment
This 40-unit property anchors a high-density rental market with 96.3% neighborhood occupancy, according to CRE market data from WDSuite. The area's 61.7% renter-occupied housing stock reinforces sustained multifamily demand fundamentals.
The Wilmington neighborhood demonstrates solid multifamily fundamentals with occupancy rates reaching 96.3%, ranking in the top quartile nationally among 1,441 metro neighborhoods. The area maintains a strong rental housing orientation, with 61.7% of housing units occupied by renters—well above typical suburban markets and indicative of established tenant demand patterns.
Built in 1987, this property represents value-add potential in a neighborhood where the average construction vintage dates to 1949. While the older building stock suggests capital expenditure considerations for investors, it also creates renovation upside opportunities in a market with limited new supply competition.
Demographics within a 3-mile radius support rental demand stability, with approximately 147,600 residents and household income growth of 34% over the past five years. The area's rent-to-income ratio of 0.23 indicates manageable affordability levels for tenants, while elevated home values at $575,774 median sustain rental demand by limiting ownership accessibility. Projections show continued household formation with renter-occupied units expected to expand from 19.8 to 21.8 units per thousand residents by 2028.
Local amenities support tenant retention with above-average restaurant density (18.5 per square mile) and grocery access (6.2 stores per square mile), both ranking in the 96th-97th percentiles nationally. However, limited park access and pharmacy availability may impact long-term competitive positioning against newer developments.
The neighborhood's safety profile shows mixed indicators that warrant investor consideration. Property crime rates of 109.5 incidents per 100,000 residents place the area in the 65th percentile nationally, indicating moderate property crime levels compared to other neighborhoods nationwide.
Notably, both violent and property crime rates have declined significantly over the past year, with violent crime dropping 96.3% and property crime falling 76.3%. These trends rank among the strongest crime reduction patterns nationally, though investors should evaluate whether these improvements reflect sustainable long-term patterns or temporary fluctuations in reporting and enforcement.
The area benefits from proximity to diversified corporate employment, with healthcare, industrial, and technology employers within reasonable commuting distance supporting workforce housing demand.
- Air Products & Chemicals — industrial chemicals (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 operations (13.5 miles)
This 40-unit property offers stable cash flow potential in a high-occupancy rental market, with neighborhood-level occupancy at 96.3% ranking in the top quartile nationally. The 1987 construction vintage presents value-add opportunities through strategic capital improvements, while the area's 61.7% renter-occupied housing stock indicates established multifamily demand patterns. Demographic projections show household growth and income expansion supporting tenant base stability through 2028.
According to multifamily property research from WDSuite, the location benefits from declining crime trends and proximity to major employers including healthcare and industrial anchors within commuting distance. However, investors should factor in the property's age-related capital expenditure needs and evaluate the sustainability of recent crime reduction trends when underwriting long-term performance.
- High neighborhood occupancy at 96.3% ranks top quartile nationally
- Strong rental market fundamentals with 61.7% renter-occupied units
- Value-add potential through renovation of 1987 vintage property
- Projected household growth supports expanding tenant base
- Capital expenditure planning required for aging building systems