| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 78th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11919 Culver Blvd, Los Angeles, CA, 90066, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 22 |
| Transaction Date | 1998-12-01 |
| Transaction Price | $1,950,000 |
| Buyer | 11919 CULVER ASSOCIATES LP |
| Seller | POWER & ASSOCIATES |
11919 Culver Blvd Los Angeles Multifamily Investment
Renter demand is supported by an A- rated urban-core neighborhood with a high-cost ownership market, according to WDSuite’s CRE market data. Neighborhood occupancy is reported at 94.4%, indicating stable leasing conditions rather than lease-up risk.
The property is positioned in an A- rated Urban Core area that ranks 242 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile locally. This setting offers strong fundamentals for multifamily, with neighborhood rents positioned well above national norms and a renter-occupied share of housing units at 68.1%, indicating a deep tenant base for sustained demand.
Amenities are a differentiator: cafes and restaurants score in the upper national percentiles, and childcare presence ranks at the top nationally. Grocery access is also solid relative to the country. The immediate area shows limited park and pharmacy presence within neighborhood boundaries, so investors should view lifestyle access through the broader trade area rather than only block-level counts.
Neighborhood occupancy is 94.4% and remains competitive among peer submarkets nationally. Median home values in the neighborhood sit in a very high national percentile, a high-cost ownership context that typically reinforces reliance on rental housing and can support pricing power when managed carefully. Rent-to-income levels indicate comparatively moderate affordability pressure, which can aid retention for well-managed assets.
Within a 3-mile radius, WDSuite data shows household counts have grown and are projected to increase further by 2028, suggesting a larger tenant base over time. Even as household sizes trend smaller, the combination of income growth and elevated ownership costs supports ongoing multifamily demand and occupancy stability.
According to WDSuite’s neighborhood indicators, overall crime conditions benchmark above the national average for safety, with recent year-over-year declines estimated for both violent and property offenses. These directional improvements point to a constructive trend for resident retention and leasing stability.
Safety can vary within urban neighborhoods, so investors typically evaluate multi-year trendlines and compare against Los Angeles metro peers when underwriting. The available indicators suggest competitive positioning nationally, with recent improvements worth monitoring alongside property-level security practices.
Proximity to established employers supports renter demand and commute convenience, notably across technology and corporate services. The following nearby employers anchor the area 27s workforce draw and align with the tenant profile likely to value access to Westside job nodes.
- Microsoft Offices The Reserves 9 technology offices (1.5 miles)
- Symantec 9 cybersecurity offices (1.7 miles)
- Activision Blizzard 9 interactive entertainment (2.6 miles) 9 HQ
- Southwest Airlines Counter 9 airline services (3.5 miles)
- Abbott Laboratories 9 healthcare products (3.9 miles) 9 HQ
Built in 1989, the asset is newer than the neighborhood 27s average vintage, offering relative competitiveness versus older stock while still presenting potential to modernize interiors and building systems as part of a value-add plan. The neighborhood 27s top-quartile metro ranking, deep renter-occupied share, and reported 94.4% occupancy point to durable leasing fundamentals in a high-cost ownership environment.
Within a 3-mile radius, households have expanded and are projected to grow further, supporting a larger tenant base over time. Elevated neighborhood home values tend to sustain multifamily demand, while rent-to-income levels suggest manageable affordability pressure for lease retention. According to CRE market data from WDSuite, these dynamics compare favorably with national trends and support a steady, operations-focused thesis.
- Top-quartile neighborhood within the Los Angeles metro with strong renter concentration supporting demand depth
- Reported 94.4% neighborhood occupancy and high-cost ownership market reinforce rental reliance and pricing power
- 1989 vintage offers competitive positioning with potential value-add via targeted upgrades
- Expanding 3-mile household base supports a larger tenant pool and leasing stability over time
- Risks: limited parks/pharmacies within immediate neighborhood and the need to manage capex for an aging (late-1980s) building