| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 56th | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 123 S Catalina St, Los Angeles, CA, 90004, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1973 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
123 S Catalina St Los Angeles Multifamily Investment
Positioned in an Urban Core pocket with deep renter demand, this asset benefits from a high concentration of renter-occupied housing in the surrounding neighborhood, based on CRE market data from WDSuite. Nearby amenity density supports day-to-day convenience and leasing resilience.
The property sits in an A- rated Urban Core neighborhood that is competitive among Los Angeles-Long Beach-Glendale neighborhoods, ranking within the top quartile among 1,441 metro neighborhoods. This positioning indicates strong fundamentals relative to the metro, with a tenant base that supports stable operations.
Amenity access is a clear strength. The neighborhood registers at the 100th percentile nationally for restaurants, cafes, and grocery stores per square mile, and pharmacies score near the top as well. This concentration tends to aid leasing velocity and retention, though limited park access (bottom percentile nationally) suggests outdoor space programming at the property could be a differentiator.
Renter concentration is notably high: the share of housing units that are renter-occupied ranks near the very top of the metro (15th of 1,441; top quartile nationally). Neighborhood occupancy has hovered around the low-90s and has edged higher over the past five years, signaling demand consistency at the neighborhood level rather than at this specific property.
Ownership costs are elevated compared with much of the nation (home values near the 95th national percentile), which typically reinforces reliance on multifamily rentals and can support pricing power. At the same time, neighborhood rent-to-income ratios are on the higher side, calling for attentive lease management and renewal strategies to sustain retention.
Within a 3-mile radius, demographics show a modest population dip over the past five years while household counts increased, pointing to smaller household sizes and a potential shift toward more renters entering the market—conditions that can support occupancy stability. Forward-looking data indicate continued household growth and rising incomes in the 3-mile area, which can underpin demand for well-located apartments.
Vintage matters: built in 1973, the asset is slightly older than the neighborhood average vintage (mid-1970s). Investors should underwrite for targeted capital planning—common area refreshes, systems upgrades, and unit renovations—to capture value-add upside and remain competitive against newer stock.
Neighborhood safety trends compare favorably in a metro context, with the area competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked in the better third out of 1,441). Nationally, overall crime conditions align with the safer side of the spectrum (around the 73rd percentile), which can support leasing and retention.
Recent momentum is noteworthy: estimated violent and property offense rates have moved down sharply year over year, placing these declines among the strongest improvements nationally. As always, investors should pair neighborhood-level indicators with property-specific security measures and management practices.
Proximity to a diverse employment base—including commercial real estate services, software, metals distribution, and entertainment—supports renter demand and commute convenience for a broad workforce segment.
- CBRE Group — commercial real estate services (2.8 miles) — HQ
- Microsoft — software (2.8 miles)
- Reliance Steel & Aluminum — metals & distribution (2.9 miles) — HQ
- Live Nation Entertainment — entertainment (3.4 miles)
This 42-unit, 1973-vintage asset is positioned in a high-amenity Urban Core neighborhood where renter-occupied housing is among the highest in the metro and nationally, supporting a durable tenant base. According to CRE market data from WDSuite, neighborhood occupancy has remained around the low-90s with modest improvement over five years, while dense retail and service amenities bolster day-to-day convenience that typically aids leasing and renewal performance.
Investor focus centers on value-add execution and demand depth. Elevated local home values relative to national benchmarks tend to sustain reliance on rentals, and within a 3-mile radius households are increasing even as population edges lower—consistent with smaller household sizes and a growing renter pool. Given the 1970s vintage, thoughtful capital planning around interiors and building systems can unlock rent positioning versus older peer stock, while close-in employment nodes help support occupancy continuity. Key watch items include resident affordability pressure and limited park access, which can be mitigated through amenity programming and disciplined revenue management.
- High renter concentration and dense amenities support leasing stability
- 1973 vintage offers clear value-add and systems-upgrade pathways
- Elevated ownership costs reinforce multifamily demand and pricing power
- Risks: affordability pressure and limited park access call for careful lease and amenity strategy