| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 15th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1035 E 27th St, Los Angeles, CA, 90011, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1991 |
| Units | 23 |
| Transaction Date | 2012-12-13 |
| Transaction Price | $81,000 |
| Buyer | ROBERTA STEPHENS VILLAS PRESERVATION LP |
| Seller | ROBERTA STEPHENS LIMITED PARTNERSHIP |
1035 E 27th St Los Angeles Urban-Core Multifamily
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data, supporting consistent leasing for a 23-unit asset in Los Angeles’s urban core. These metrics reflect the surrounding neighborhood, not the property’s own performance.
Located in Los Angeles’s Urban Core, the property benefits from strong neighborhood occupancy (ranked 216 out of 1,441 metro neighborhoods), placing the area in the top quartile nationally for filled units. This tends to support rent roll stability and fewer gaps between turns at the neighborhood level, per commercial real estate analysis from WDSuite.
The 1991 vintage is newer than the neighborhood’s older housing stock (average year built 1935), which can enhance competitive positioning versus legacy assets. Investors should still anticipate typical lifecycle items for 1990s construction, with selective modernization often yielding value-add potential in similar submarkets.
Renter concentration is high at the neighborhood level (about 82% of housing units renter-occupied), indicating a deep tenant base for multifamily. Within a 3-mile radius, households have grown in recent years and are projected to expand further even as average household size trends lower, pointing to more households seeking rental options and supporting occupancy stability.
Local amenity access skews practical: grocery and pharmacies are dense relative to national norms, and restaurants are plentiful, while cafes and childcare are less concentrated. Median home values are elevated for the area, which typically sustains renter reliance on multifamily housing and can support pricing power; in contrast, a higher rent-to-income ratio suggests affordability pressure that warrants prudent lease management and renewal strategies. Average school ratings trail metro leaders, which may shape unit mix strategy for family-oriented demand.
Safety indicators for the neighborhood are competitive among Los Angeles-Long Beach-Glendale metro neighborhoods (crime rank 445 out of 1,441), and the area sits in the top quartile nationally based on WDSuite’s benchmarks. Recent data also show notable year-over-year decreases in both property and violent offense estimates at the neighborhood level, suggesting improving conditions. These are neighborhood-level trends and not block-specific readings.
Proximity to major employers supports a durable renter pool and commute convenience, with concentrations in real estate services, metals distribution, technology, entertainment, and cybersecurity.
- CBRE Group — real estate services (2.3 miles) — HQ
- Reliance Steel & Aluminum — metals & distribution (2.3 miles) — HQ
- Microsoft — technology (2.4 miles)
- Live Nation Entertainment — entertainment (7.6 miles)
- Symantec — cybersecurity (7.9 miles)
This 23-unit asset at 1035 E 27th St aligns with neighborhood fundamentals that favor multifamily: high neighborhood occupancy and a deep renter pool support steady leasing, while elevated ownership costs in the area reinforce renter reliance on apartments. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile nationally for occupied housing, and within a 3-mile radius, household counts are expanding even as average household size trends smaller—both supportive of a larger tenant base over time.
Built in 1991, the property is newer than much of the surrounding housing stock, offering competitive positioning versus older inventory, with potential to capture value through targeted modernization and systems updates. Investors should balance these strengths against affordability pressure evident in rent-to-income dynamics and below-metro-average school ratings, which call for disciplined lease management and marketing focus.
- High neighborhood occupancy supports rent roll stability and lower downtime between turns.
- Deep renter-occupied housing base indicates durable multifamily demand and leasing depth.
- 1991 vintage out-positions older local stock, with value-add potential via selective upgrades.
- Elevated ownership costs in the area sustain renter reliance, supporting pricing power.
- Risks: affordability pressure (rent-to-income) and softer school ratings require careful lease and tenant retention strategies.