| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 68th | Good |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 117 S Avenue 64, Los Angeles, CA, 90042, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
117 S Avenue 64 Los Angeles Multifamily Investment
1989 vintage in an Urban Core pocket with steady renter demand and competitive occupancy, according to WDSuite’s CRE market data. Newer construction versus older neighborhood stock positions the asset for durable leasing with selective modernization upside.
This Urban Core neighborhood carries a B rating and benefits from strong daily-needs coverage: grocery and restaurant densities track well above national norms, while cafes are also plentiful. By contrast, local park and pharmacy counts are limited within the immediate neighborhood metrics, a consideration for resident lifestyle positioning.
Rents in the neighborhood benchmark in the upper national tiers and have trended upward over the past five years, while the neighborhood s occupancy sits above national medians and has held broadly stable. Median home values rank near the top nationally, indicating a high-cost ownership market that tends to sustain multifamily demand and support lease retention.
Within a 3-mile radius, approximately half of housing units are renter-occupied, signaling a deep tenant base and consistent demand for multifamily product. Household incomes have risen meaningfully in recent years, reinforcing the ability to support market rents; rent-to-income positioning suggests manageable affordability pressure that can aid retention and reduce turnover risk.
Demographic data aggregated within 3 miles show a modest population contraction alongside growth in total households and a smaller average household size. For investors, this points to a broader leasing pool driven by more households even as population ebbs, which can help support occupancy stability and leasing velocity.
Neighborhood safety indicators benchmark above the national median overall, with recent year-over-year estimates showing notable declines in both property and violent offense rates. In national terms, this places the area on the safer side of midpack while trending positively, an important factor for renter retention and leasing performance.
Compared across Los Angeles-Long Beach-Glendale s 1,441 neighborhoods, the area is competitive on safety and has shown improvement momentum. As always, conditions vary by block and over time, but current directionality supports a stable operating backdrop for multifamily assets.
Proximity to major corporate offices supports a diverse white-collar employment base and commute convenience for residents. Key nearby employers include Avery Dennison (materials), Microsoft (software), Reliance Steel & Aluminum (metals), CBRE Group (real estate services), and Edison International (electric utility).
- Avery Dennison materials (5.2 miles) HQ
- Microsoft software (5.8 miles)
- Reliance Steel & Aluminum metals (5.9 miles) HQ
- CBRE Group real estate services (6.0 miles) HQ
- Edison International electric utility (7.2 miles) HQ
117 S Avenue 64 offers a 24-unit 1989-vintage asset in a submarket where the average building stock skews much older. The newer construction profile enhances competitive positioning versus prewar inventory while leaving room for targeted modernization and value-add to refresh finishes and building systems as they age. Neighborhood occupancy is competitive and renter demand is reinforced by elevated ownership costs, supporting lease stability and pricing power as units turn.
Within a 3-mile radius, the share of renter-occupied housing sits around half, providing depth to the tenant base. Household counts have increased and are projected to continue expanding even as overall population trends edge lower, implying smaller household sizes and a larger number of prospective renters. According to CRE market data from WDSuite, rent levels and incomes track in higher national tiers, suggesting room for disciplined revenue management while monitoring affordability pressure and retention risk.
- 1989 vintage relative to older local stock supports competitive appeal with selective renovation upside
- Deep renter pool within 3 miles and stable neighborhood occupancy underpin leasing durability
- High-cost ownership environment sustains multifamily demand and aids retention
- Income trends and rent positioning support disciplined pricing and revenue management
- Risks: limited park/pharmacy access, modest population decline, and affordability pressure require proactive asset management