| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 70th | Good |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1230 N June St, Los Angeles, CA, 90038, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1230 N June St Los Angeles Multifamily Investment
This 20-unit property benefits from neighborhood occupancy above 90% and strong renter demand in an urban core location. According to WDSuite's CRE market data, the area maintains high rental share at 83% with above-average net operating income performance.
This Urban Core neighborhood demonstrates strong fundamentals for multifamily investment, ranking in the top quartile among 1,441 Los Angeles metro neighborhoods for amenity access. The area maintains 90.6% neighborhood-level occupancy with an 82.9% rental share, positioning it competitively for sustained tenant demand. Median contract rents of $1,975 reflect the location's appeal, supported by exceptional grocery store density and childcare access that ranks in the 99th percentile nationally.
Demographics within a 3-mile radius show a mature rental market with over 151,000 households and strong income diversity. The area attracts educated renters, with 38.3% holding bachelor's degrees—ranking in the 95th percentile nationally. Projected household growth of 34.6% through 2028 indicates expanding tenant pools, while median household income is forecast to increase 40% to $113,081, supporting rent growth potential.
The property's 1989 construction year positions it newer than the neighborhood average of 1963, potentially reducing near-term capital expenditure needs compared to older area assets. High home values at $1.1 million create affordability barriers to ownership, likely keeping households in the rental market longer and supporting tenant retention strategies.
The neighborhood's safety profile shows mixed signals requiring careful monitoring. Crime levels rank around the middle among Los Angeles metro neighborhoods, with property offense rates showing improvement with a 43.5% decline year-over-year. Violent crime has also decreased significantly by 62.1% annually, suggesting positive directional trends that may support tenant retention and leasing velocity.
While current crime metrics place the area competitively among metro neighborhoods, investors should factor security considerations into property management strategies and tenant screening processes to maintain occupancy stability.
The local employment base centers on entertainment and technology sectors, providing diverse job opportunities that support residential demand from creative professionals and corporate employees.
- Live Nation Entertainment — entertainment services (0.8 miles)
- Live Nation Entertainment — entertainment services (3.7 miles)
- Live Nation Entertainment — entertainment services (3.9 miles) — HQ
- Radio Disney — media & broadcasting (4.1 miles)
- Activision Blizzard Studios — gaming & technology (4.2 miles)
This 20-unit property capitalizes on strong Urban Core fundamentals with neighborhood occupancy above 90% and exceptional rental market penetration at 83%. The 1989 construction vintage offers a competitive advantage over the area's aging housing stock, while projected household growth of 34.6% through 2028 supports expanding tenant demand. According to CRE market data from WDSuite, the neighborhood ranks in the 97th percentile nationally for net operating income performance, indicating strong cash flow potential.
Demographics within a 3-mile radius reveal an educated renter base with 38.3% holding bachelor's degrees and median household income projected to reach $113,081 by 2028—a 40% increase that supports rent growth strategies. High home values at $1.1 million create ownership barriers that benefit rental demand retention.
- Strong occupancy fundamentals with 90.6% neighborhood rate and 83% rental share
- Newer vintage (1989) versus neighborhood average provides competitive positioning
- Projected 34.6% household growth through 2028 expands tenant base
- High ownership costs ($1.1M median home value) support rental demand
- Risk: Mixed safety profile requires active property management and security considerations