| 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 | 1999-03-23 |
| Transaction Price | $1,900,000 |
| Buyer | M & M ASSET MANAGEMENT LLC |
| Seller | GENAH ISAAC |
926 N Wilmington Blvd, Wilmington CA Multifamily Investment
Neighborhood fundamentals indicate steady renter demand, with occupancy near 96% and a renter-occupied share around 62% at the neighborhood level, according to WDSuite’s CRE market data. Positioned for durable leasing in an urban Los Angeles submarket, the asset benefits from a deep tenant base and consistent absorption.
Located in Wilmington within the Los Angeles-Long Beach-Glendale metro, the property sits in an Urban Core neighborhood rated C+. Amenity density is a relative strength: cafés, grocery options, and restaurants score in the top quartile among 1,441 metro neighborhoods and rank high nationally, supporting convenience-driven renter appeal. By contrast, park and pharmacy access are limited locally, which may factor into resident expectations and service offerings.
At the neighborhood level, occupancy is competitive among Los Angeles-Long Beach-Glendale neighborhoods and above national medians, reinforcing expectations for stable leasing and modest downtime between turns. The neighborhood’s renter-occupied share is elevated, indicating a sizable tenant pool that supports absorption for multifamily assets.
Construction vintage skews older across the neighborhood, but this asset was built in 1987, giving it a relative advantage versus mid-century stock. That position can support competitiveness on finishes and systems, while still leaving room for targeted modernization to capture value-add premiums and plan for aging building components over the hold.
Within a 3-mile radius, recent years show a slight population contraction alongside an increase in households and a declining average household size. This dynamic often expands the renter pool and supports occupancy stability. Median incomes have trended upward, and home values are elevated for the area, a high-cost ownership context that tends to reinforce reliance on multifamily rentals and can support pricing power with careful lease management.
Safety indicators for the neighborhood compare favorably at the national level, with overall crime metrics in stronger national percentiles. Relative to the 1,441 neighborhoods in the Los Angeles-Long Beach-Glendale metro, the area trends above metro averages, and recent year-over-year data show notable declines in both property and violent offense rates. For investors, the directional trend is constructive, though prudent on-site practices and resident engagement remain important.
Nearby employers provide a diversified employment base that supports renter demand and retention, led by industrial gases, healthcare, manufacturing, and consumer brands noted below.
- Air Products & Chemicals — industrial gases (3.3 miles)
- Molina Healthcare — healthcare services (4.4 miles) — HQ
- Airgas — industrial gases & distribution (9.2 miles)
- Mattel — consumer products & entertainment (11.7 miles) — HQ
- Coca-Cola Downey — beverage operations (13.5 miles)
This 40-unit, 1987-vintage community positions ahead of the neighborhood’s older housing stock, offering competitive appeal with room for strategic upgrades. The neighborhood shows competitive occupancy and an elevated renter-occupied share, supporting depth of demand and lease-up resilience. Elevated home values in the area point to a high-cost ownership market, which typically sustains multifamily demand and can bolster pricing power when managed thoughtfully. Average unit sizes are generous at roughly 1,021 sq. ft., providing flexibility for family and roommate demand profiles.
Within a 3-mile radius, households have grown even as population edged down, and projections indicate further increases in households alongside rising incomes—an environment that can expand the renter pool and support rent growth. According to CRE market data from WDSuite, neighborhood occupancy performance remains above national medians, aligning with durable demand fundamentals for workforce-oriented units in this Los Angeles submarket.
- Competitive 1987 vintage versus older neighborhood stock, with targeted value-add potential
- Elevated renter-occupied share and competitive neighborhood occupancy support leasing stability
- Larger average floor plans (~1,021 sq. ft.) broaden renter appeal and retention
- High-cost ownership landscape underpins multifamily demand and pricing power
- Watch items: limited nearby parks/pharmacies, softer school ratings, and modest population contraction offset by household growth