| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 65th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 121 S Occidental Blvd, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 36 |
| Transaction Date | 1994-02-01 |
| Transaction Price | $1,680,000 |
| Buyer | STATE STREET BANK & TRUST COMPANY |
| Seller | INTERSTATE TRUST DEED SERVICE INC |
121 S Occidental Blvd Los Angeles Multifamily Investment
Amenity-rich Urban Core location with a deep renter base supports durable leasing, according to WDSuite’s CRE market data. Neighborhood occupancy figures referenced are for the surrounding area, not this property.
Situated in Los Angeles’s Urban Core, the property benefits from a neighborhood rated A and competitive among Los Angeles-Long Beach-Glendale neighborhoods (101 out of 1,441). Dense retail, groceries, pharmacies, parks, and cafes score in the upper national percentiles, creating daily convenience that supports tenant retention and leasing velocity.
Renter-occupied housing is the dominant tenure in the neighborhood, indicating a deep tenant pool for multifamily assets. While the neighborhood s occupancy rate trends below national midpoints, the strong renter concentration suggests consistent demand for well-located units, with leasing performance tied to product quality and active management.
Within a 3-mile radius, households have grown over the past five years and are projected to increase further through 2028 even as average household size trends lower. This points to a larger number of smaller households entering the market, which typically supports renter pool expansion and sustained demand for professionally managed apartments. Median incomes have trended upward in the area, reinforcing spending power that can support rent levels where product quality warrants.
Ownership costs in the neighborhood are elevated relative to local incomes, reinforcing renter reliance on multifamily housing and supporting pricing power for competitive assets. School options benchmark around the national middle-to-above range, and the amenity density and centrality offer commute efficiencies that are attractive to working households.
Neighborhood safety indicators are competitive among Los Angeles-Long Beach-Glendale neighborhoods (crime rank 410 out of 1,441) and sit above national averages (around the mid-70s percentile nationally is better). Recent year-over-year estimates indicate notable declines in both property and violent offenses, suggesting improving conditions in the broader area. These are neighborhood-level readings and do not represent property-specific security outcomes.
Proximity to major corporate offices supports workforce housing demand and commute convenience for renters, including CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Avery Dennison.
- CBRE Group — corporate offices (2.04 miles) — HQ
- Microsoft — technology offices (2.04 miles)
- Reliance Steel & Aluminum — metals & distribution (2.13 miles) — HQ
- Live Nation Entertainment — entertainment corporate offices (4.19 miles)
- Avery Dennison — materials & manufacturing (6.13 miles) — HQ
Built in 1987, the 36-unit asset is newer than the neighborhood s average vintage, offering relative competitiveness versus older stock while still benefiting from targeted modernization to drive rent premiums and reduce near-term capital surprises. The Urban Core location brings top-tier amenity access and a deep renter-occupied base, supporting steady leasing when paired with professional management.
Households within a 3-mile radius have increased and are projected to expand further by 2028 as household sizes trend smaller, a dynamic that typically enlarges the renter pool and supports occupancy stability. Elevated ownership costs in the neighborhood reinforce multifamily demand, and proximity to major employers broadens the tenant base. According to commercial real estate analysis from WDSuite, the neighborhood s occupancy trends below national midpoints, placing a premium on product quality, marketing, and renewals to sustain performance.
- 1987 vintage offers competitive positioning versus older area stock with potential value-add through modernization.
- Amenity-dense Urban Core and deep renter concentration support leasing and retention.
- Household growth and smaller household sizes within 3 miles point to renter pool expansion through 2028.
- High ownership costs bolster reliance on rental housing, aiding pricing power for competitive units.
- Risk: neighborhood occupancy runs below national midpoints, requiring active leasing, renewals, and product differentiation.