| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 70th | Good |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1244 N Orange Dr, Los Angeles, CA, 90038, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1988 |
| Units | 37 |
| Transaction Date | 1993-10-28 |
| Transaction Price | $1,675,000 |
| Buyer | DUNKELMAN DANIEL |
| Seller | RESOLUTION TRUST CORP |
1244 N Orange Dr Los Angeles Multifamily Investment
Positioned in an Urban Core pocket with a high renter concentration measured at the neighborhood level, the 1988 vintage offers competitive appeal versus older local stock, according to WDSuite’s CRE market data.
This Urban Core neighborhood rates A- and is competitive among Los Angeles-Long Beach-Glendale neighborhoods, with a tenant base reinforced by a high share of renter-occupied housing units at the neighborhood level. Occupancy in the area trends around national midpoints, suggesting generally stable leasing with typical turnover for LA.
Daily convenience is a strength: neighborhood measures show dense access to grocery and pharmacy options and a broad restaurant mix, while parks and cafes are comparatively limited within the immediate area. For investors, this mix supports day-to-day livability and retention, even if green space and third-space amenities may rely on nearby districts.
Within a 3-mile radius, demographics point to an expanding renter pool: households have increased and are projected to grow further as average household sizes edge smaller, which can support occupancy stability and absorption. Median incomes have risen and are forecast to continue growing, and neighborhood NOI per unit performance sits in the top percentile nationally, underscoring income potential relative to many peer locations.
Elevated home values in the neighborhood context indicate a high-cost ownership market, which tends to sustain rental demand and pricing power for well-run assets. At the same time, rent-to-income ratios signal affordability pressure for some renters; thoughtful lease management and amenity positioning can help balance rent growth with retention. The property’s 1988 construction is newer than much of the surrounding housing stock (neighborhood average skews 1960s), implying competitive positioning with possible modernization or value-add opportunities focused on systems and finishes.
Safety indicators are mixed. Overall neighborhood crime levels benchmark near the national midpoint (slightly better than average nationally), but property and violent offense measures track below national percentiles, indicating higher-than-average incident rates compared with many U.S. neighborhoods. Recent year-over-year trends show meaningful declines in both categories, a constructive signal to monitor over subsequent periods.
For investors, the takeaway is to underwrite security and operating protocols conservatively while recognizing improving momentum. Comparisons should be made against similar Urban Core submarkets across Los Angeles, and any on-site measures or partnership initiatives can further support tenant retention and leasing stability over time.
The immediate area benefits from proximity to entertainment and corporate services employers that support renter demand through commute convenience and diversified professional job bases. Notable nearby employers include Live Nation, Activision Blizzard Studios, Disney, AECOM, and CBRE Group.
- Live Nation Entertainment — entertainment (0.52 miles)
- Activision Blizzard Studios — media & gaming (3.81 miles)
- Disney — media & entertainment (4.45 miles) — HQ
- AECOM — engineering & infrastructure (4.95 miles) — HQ
- CBRE Group — real estate services (5.83 miles) — HQ
1244 N Orange Dr is a 37-unit, 1988-vintage asset in an amenity-rich Los Angeles Urban Core setting where renter-occupied share is high at the neighborhood level and home values are elevated, reinforcing reliance on multifamily. Occupancy trends near national midpoints, and the property’s relatively newer vintage versus much of the area’s housing stock offers a competitive edge with targeted modernization potential. Based on commercial real estate analysis from WDSuite, the surrounding neighborhood exhibits strong income performance benchmarks alongside dense retail conveniences, supporting long-term leasing durability.
Within a 3-mile radius, households have grown and are projected to expand further as average household sizes decline, pointing to a larger tenant base and steady absorption. Elevated rents and rent-to-income dynamics suggest prudent lease management and amenity differentiation will be important for retention, while limited nearby parks and lower average school ratings should be underwritten as manageable, property-level risks rather than insurmountable constraints.
- Deep renter base and high-cost ownership context that supports sustained multifamily demand
- 1988 vintage offers relative competitiveness with value-add upside through targeted upgrades
- Dense grocery, pharmacy, and dining access supports day-to-day livability and retention
- Household growth within 3 miles and smaller household sizes expand the prospective tenant pool
- Risks: affordability pressure, limited nearby parks, and lower average school ratings warrant conservative underwriting