| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 73rd | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11347 Nebraska Ave, Los Angeles, CA, 90025, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1990 |
| Units | 26 |
| Transaction Date | 2014-08-28 |
| Transaction Price | $11,250,000 |
| Buyer | PINTL 11347 NEBRASKA LLC |
| Seller | MAZZONE ANGELO MICHAEL |
11347 Nebraska Ave Los Angeles Multifamily Investment
High renter concentration and top-tier neighborhood amenities support durable demand at the property’s location, according to WDSuite’s CRE market data. Neighborhood occupancy and pricing trends indicate steady renter depth, with positioning reinforced by a high-cost ownership market.
The property sits in an Urban Core pocket of Los Angeles with an A+ neighborhood rating (ranked 32 among 1,441 metro neighborhoods), signaling strong fundamentals competitive among Los Angeles neighborhoods. Amenity access is a clear strength: restaurants, cafes, groceries, parks, and pharmacies all score in the upper national percentiles, which helps attract and retain renters and supports leasing velocity.
Renter-occupied concentration is high (about three-quarters of housing units), indicating a deep tenant base for multifamily. Neighborhood occupancy is around the low-90% range and tracks below the metro median over the past five years, suggesting investors should prioritize leasing execution and renewals to stabilize to the submarket’s higher performers.
Within a 3-mile radius, recent population trends have been roughly flat, but WDSuite data indicate a projected increase in both population and households through 2028 alongside smaller average household sizes. That combination typically points to a larger renter pool and supports occupancy stability for professionally managed multifamily.
Home values in the immediate area are elevated relative to incomes, placing the neighborhood in the high-cost ownership category. That backdrop tends to reinforce renter reliance on multifamily housing and can aid lease retention, while a rent-to-income profile near the mid-20% range suggests manageable affordability pressure that can support steady collections and measured pricing power.
The average construction year for the neighborhood skews earlier than this asset. With a 1990 vintage versus an early-1980s neighborhood average, the property should compete favorably against older stock, though investors should still plan for targeted modernization and systems updates to preserve positioning.
Neighborhood safety metrics compare favorably in context. Based on WDSuite data, the area ranks 312 out of 1,441 Los Angeles metro neighborhoods for overall crime, which is above the metro average and roughly top quartile nationally. Recent year-over-year estimates show notable declines in both violent and property offenses, indicating an improving trend, though conditions can vary block to block and should be confirmed during due diligence.
Nearby corporate anchors provide a sizable white-collar employment base and short commutes that can support renter demand and retention, including Occidental Petroleum, Activision Blizzard, AECOM, Activision Blizzard Studios, and Live Nation Entertainment.
- Occidental Petroleum — energy HQ (1.1 miles) — HQ
- Activision Blizzard — gaming HQ (1.6 miles) — HQ
- AECOM — engineering & infrastructure HQ (2.1 miles) — HQ
- Activision Blizzard Studios — entertainment production (3.2 miles)
- Live Nation Entertainment — entertainment HQ (3.5 miles) — HQ
This 26-unit, 1990-vintage asset benefits from a high renter-occupied neighborhood, strong amenity density, and a high-cost ownership landscape that underpins rental demand. Neighborhood occupancy has softened versus the metro median in recent years, but demand drivers remain intact and support a stable tenant base when paired with active leasing management. According to CRE market data from WDSuite, the location’s amenity access and white-collar employment nodes align with above-average income characteristics that can sustain rent levels while keeping affordability pressure manageable.
Relative to older 1980s stock nearby, a 1990 build provides competitive positioning with potential to unlock value through targeted renovations and system upgrades. Forward-looking demographics within a 3-mile radius point to household growth and smaller household sizes, which typically expands the renter pool and supports occupancy over the hold period.
- High renter concentration and strong amenities support demand and leasing stability.
- 1990 vintage competes well versus older stock; targeted modernization can drive value.
- Employment proximity (energy, gaming, engineering, entertainment) supports retention and consistent leasing.
- High-cost ownership market reinforces reliance on multifamily; rent-to-income levels suggest manageable affordability pressure.
- Risk: Neighborhood occupancy trends trail the metro median; active leasing and renewal strategies are important.