| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 16th | Poor |
| Amenities | 27th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11919 S Figueroa St, Los Angeles, CA, 90061, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2005 |
| Units | 34 |
| Transaction Date | 1997-04-29 |
| Transaction Price | $230,000 |
| Buyer | 11919 FIGUEROA LLC |
| Seller | ALAMEDA TERRACE |
11919 S Figueroa St Los Angeles Multifamily Investment
This 34-unit property benefits from strong neighborhood-level occupancy at 95.6% and serves a predominantly renter market, according to CRE market data from WDSuite.
This Urban Core neighborhood demonstrates solid fundamentals for multifamily investors, with neighborhood-level occupancy at 95.6% ranking above metro median among 1,441 Los Angeles neighborhoods. The area maintains a strong rental presence with 54.9% of housing units occupied by renters, positioning in the top quartile nationally for rental density.
Demographics within a 3-mile radius show a stable tenant base of approximately 276,680 residents, with modest population growth of 0.4% over five years. Household formation trends indicate growth potential, with households projected to increase by 35.2% through 2028, supporting expanded renter demand. The property's 2005 construction year positions it newer than the neighborhood average of 1969, potentially reducing near-term capital expenditure needs compared to surrounding assets.
The neighborhood ranks competitively for grocery access with 4.72 stores per square mile, placing in the 95th percentile nationally for convenience amenities. Contract rents average $1,333 with moderate 5-year growth of 37.6%, while median home values at $570,274 represent strong ownership costs that can help retain households in the rental market. Income growth of 54.5% over five years suggests improving tenant quality and potential for rent optimization.
The neighborhood demonstrates improving safety trends that support tenant retention and property values. Crime metrics show the area ranking 443rd of 1,441 Los Angeles neighborhoods, placing it above metro median for overall safety conditions and in the 73rd percentile nationally.
Property crime rates have declined significantly by 84.3% year-over-year, ranking in the 98th percentile nationally for improvement trends. Violent crime also decreased by 87.5%, suggesting strengthening neighborhood conditions. These positive safety trajectories can support stable occupancy and may enhance long-term asset positioning in the submarket.
The property benefits from proximity to major corporate employers that support regional employment stability and commuter demand for workforce housing.
- Mattel — toy manufacturing and entertainment (6.3 miles) — HQ
- Southwest Airlines Counter — airline services (7.0 miles)
- Airgas — industrial gases and equipment (7.2 miles)
- Symantec — cybersecurity and software (7.5 miles)
- Air Products & Chemicals — industrial gases and chemicals (8.2 miles)
This 34-unit property offers stable cash flow potential with neighborhood-level occupancy at 95.6%, ranking above metro median among Los Angeles neighborhoods. The 2005 construction year provides a competitive advantage over the area's 1969 average building vintage, potentially reducing immediate capital expenditure requirements while maintaining modern appeal for tenants.
Demographic projections within a 3-mile radius indicate household growth of 35.2% through 2028, expanding the potential renter pool. Strong grocery access ranking in the 95th percentile nationally supports tenant convenience and retention, while multifamily property research shows improving safety trends with property crime declining 84.3% year-over-year.
- Neighborhood occupancy at 95.6% demonstrates stable rental demand above metro averages
- 2005 construction provides competitive positioning versus 1969 neighborhood average
- Projected 35.2% household growth through 2028 supports expanding tenant base
- Risk: Limited amenity density may impact premium pricing potential versus competing submarkets