| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 34th | Poor |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1052 S Mariposa Ave, Los Angeles, CA, 90006, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1990 |
| Units | 25 |
| Transaction Date | 1997-08-26 |
| Transaction Price | $1,080,000 |
| Buyer | WOO JUNG KWON |
| Seller | AMERICAN INTERNATIONAL BANK |
1052 S Mariposa Ave Los Angeles Multifamily Investment
This 25-unit property sits in a renter-dominant neighborhood with 75% rental tenure, ranking in the top 2% nationally. Neighborhood occupancy trends support consistent demand in this urban core location with strong amenity access.
Located in Los Angeles' urban core, this neighborhood ranks 444th among 1,441 metro neighborhoods with a B+ rating and demonstrates strong fundamentals for multifamily investors. The area maintains 75% rental tenure among housing units, placing it in the 98th percentile nationally and indicating deep rental market demand. Demographics within a 3-mile radius show 533,314 residents with 86.5% of housing units renter-occupied, supporting sustained tenant demand.
Built in 1990, this property aligns with the neighborhood's average construction year of 1955, positioning it as relatively newer stock that may require less immediate capital expenditure compared to older neighborhood inventory. The area offers exceptional amenity density with 13.59 grocery stores per square mile (top 1% nationally) and 85.71 restaurants per square mile, enhancing tenant retention appeal.
Current neighborhood occupancy sits at 87.7%, though down 4.8 percentage points over five years, requiring attention to competitive positioning and lease management. Median contract rents of $1,369 have grown 28.4% over five years, while home values averaging $944,687 reinforce rental demand by maintaining elevated ownership costs. Demographic projections through 2028 indicate 29.8% household growth within the 3-mile radius, expanding the potential renter pool and supporting long-term occupancy stability.
The neighborhood demonstrates improving safety trends with property crime rates declining 87% year-over-year and violent crime down 93.4%, both ranking in the 99th percentile nationally for crime reduction. Current property offense rates of 203.6 per 100,000 residents rank 472nd among 1,441 metro neighborhoods, placing the area above the metro median for property crime performance.
Violent crime rates of 41.8 per 100,000 residents rank 706th among metro neighborhoods, indicating moderate performance relative to the broader Los Angeles market. The significant year-over-year crime reductions suggest positive momentum in neighborhood safety conditions, which can support tenant retention and leasing velocity.
The property benefits from proximity to major corporate employers within the greater Los Angeles market, providing workforce housing opportunities for professionals across multiple industries.
- CBRE Group — commercial real estate services (2.6 miles) — HQ
- Microsoft — technology offices (2.7 miles)
- Reliance Steel & Aluminum — industrial materials (2.7 miles) — HQ
- Live Nation Entertainment — entertainment services (4.3 miles)
- Activision Blizzard Studios — gaming and entertainment (5.9 miles)
This 25-unit property built in 1990 offers value-add potential in a fundamentally strong rental market. The neighborhood's 75% rental tenure ranks in the 98th percentile nationally, while CRE market data from WDSuite shows demographic growth projections of nearly 30% household increase through 2028 within the 3-mile radius. High home values averaging $944,687 reinforce rental demand by maintaining elevated ownership barriers, supporting tenant retention and pricing power.
The property's 1990 vintage provides renovation upside opportunities while avoiding the extensive capital needs of much older neighborhood stock. Strong amenity density including top-1% grocery and restaurant access enhances tenant appeal, while improving safety trends with 87-93% crime reductions year-over-year support positive leasing conditions. However, neighborhood occupancy declining to 87.7% over five years requires proactive asset management to maintain competitive positioning.
- Rental-dominant market with 75% tenure ranking 98th percentile nationally
- 29.8% projected household growth expanding renter pool through 2028
- 1990 construction year offers value-add potential with manageable capital needs
- High ownership costs at $944,687 median reinforce rental demand
- Risk: Neighborhood occupancy decline to 87.7% requires competitive positioning focus