| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 20th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1232 W 39th St, Los Angeles, CA, 90037, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1972 |
| Units | 45 |
| Transaction Date | 1997-02-01 |
| Transaction Price | $894,000 |
| Buyer | ESPERANZA/39TH STREET PARTNERS CORP |
| Seller | 39TH MANOR |
1232 W 39th St Los Angeles Multifamily Investment
The neighborhood shows a high renter-occupied share and amenity access that supports steady leasing, according to WDSuite’s CRE market data. Visibility into local occupancy and demand drivers suggests durable renter interest relative to nearby alternatives.
This Urban Core location in Los Angeles benefits from strong daily-needs access. Amenity availability ranks competitive among Los Angeles-Long Beach-Glendale neighborhoods, landing in the top quartile among 1,441 metro neighborhoods, with grocery options especially dense and restaurants well above national norms. These characteristics generally support leasing velocity and day-to-day livability for residents.
Renter concentration is high at the neighborhood level (renter-occupied share in the upper national percentiles), indicating a deep tenant base for multifamily assets. Neighborhood occupancy trends sit around the national middle, suggesting neither an overheated nor a soft market backdrop; investors can prioritize asset-level operations and renewal management to drive performance rather than relying on outsized market tide.
Home values in the area are elevated by national standards, and the value-to-income ratio ranks among the highest nationwide. That high-cost ownership context tends to reinforce reliance on multifamily housing, while neighborhood rent-to-income readings indicate manageable affordability pressure relative to ownership, supporting retention and pricing discipline for well-managed assets.
Within a 3-mile radius, recent data show essentially flat population alongside a slight increase in households, with forecasts pointing to continued household growth and smaller average household sizes. For investors, this implies a broader pool of housing demand and potential renter pool expansion even if population growth is modest, a setup that can support occupancy stability for competitively positioned properties, based on CRE market data from WDSuite.
The property’s 1972 vintage is newer than the neighborhood’s older housing stock. That relative youth can be a competitive advantage versus pre-war buildings, though investors should still plan for ongoing system upgrades and targeted renovations to meet current renter expectations.
School ratings in the surrounding neighborhood are below national averages, which can be a consideration for family-oriented leasing strategies; however, the broader amenity grid and commute access often remain primary drivers for workforce renters in this submarket.
Neighborhood safety indicators are mixed when viewed against national benchmarks. Overall crime levels score modestly better than the national median, while property and violent offense measures sit below the national median. For investors, this points to a market that requires standard risk management and security attention rather than extraordinary measures.
Notably, recent year-over-year trends show meaningful improvement in both property and violent offense estimates, according to WDSuite’s CRE market data. Framing safety at the neighborhood level (rather than block-by-block) provides a more reliable context for underwriting assumptions and resident retention planning.
Nearby employment anchors include major corporate offices across real estate services, metals distribution, technology, cybersecurity, and entertainment. This cluster supports renter demand via short commutes and diversified white-collar employment.
- CBRE Group — commercial real estate services (3.6 miles) — HQ
- Reliance Steel & Aluminum — metals & distribution (3.7 miles) — HQ
- Microsoft — technology (3.7 miles)
- Symantec — cybersecurity (5.5 miles)
- Live Nation Entertainment — entertainment (6.5 miles)
1232 W 39th St offers exposure to an Urban Core Los Angeles neighborhood with deep renter demand, strong daily-needs access, and ownership costs that skew high by national standards—factors that typically support occupancy stability and renewal capture. According to CRE market data from WDSuite, neighborhood occupancy sits near the national middle, while renter-occupied housing is unusually prevalent, reinforcing the depth of the tenant base.
The 1972 vintage is newer than much of the surrounding housing stock, suggesting relative competitiveness versus older properties, though investors should anticipate targeted modernization to sustain renter appeal. Within a 3-mile radius, households are projected to increase even as population trends are flat to lower, implying smaller household sizes and a broader renter pool that can underpin leasing and retention for well-positioned assets.
- Deep neighborhood renter base supports demand and renewal visibility
- Daily-needs amenities and food options are strong by national standards
- High-cost ownership market underpins reliance on multifamily housing
- 1972 vintage offers a competitive edge versus older stock, with modernization upside
- Risks: below-average school ratings and mixed-but-improving safety metrics warrant proactive management