| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 88th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1245 S McClellan Dr, Los Angeles, CA, 90025, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 63 |
| Transaction Date | 2003-06-20 |
| Transaction Price | $18,965,000 |
| Buyer | McClellan Plaza LLC |
| Seller | 1245 McClellan LLC |
1245 S McClellan Dr Los Angeles Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy in the low-90s, according to WDSuite’s CRE market data. High-end urban amenities and a deep renter base in West Los Angeles support leasing stability for a 63-unit asset.
This Urban Core pocket of West Los Angeles scores A+ at the neighborhood level (ranked 10 of 1,441 metro neighborhoods), reflecting strong livability and income fundamentals that underpin multifamily demand. Amenity access is a clear strength, with restaurants, cafes, groceries, parks, and pharmacies placing the area among the top quartile nationally — a driver of leasing velocity and retention for professionally managed assets.
Renter concentration in the neighborhood is high, with a large share of housing units renter-occupied. For investors, this indicates a deep tenant base and consistent demand for professionally managed units, though it also calls for competitive positioning and service quality to differentiate. Neighborhood occupancy trends sit near the national middle and have been generally stable, supporting predictable cash flow assumptions rather than outsized lease-up expectations.
Vintage is relevant: the property was built in 1987, slightly newer than the neighborhood’s average vintage (early 1980s). That positioning typically offers relative competitiveness versus older stock while still warranting capital planning for aging systems and targeted modernization to sustain rent roll and reduce downtime.
Within a 3-mile radius, demographics show a high-income renter pool and smaller average household sizes, which support demand for mid- to larger-format apartments. While the recent five-year period showed modest population softness, forecasts indicate population and household expansion ahead, implying a larger tenant base and support for occupancy and rent levels. Elevated home values locally, alongside a high value-to-income environment, reinforce reliance on multifamily housing and can aid pricing power and lease retention when combined with strong management and amenities. Median school ratings are solid for Los Angeles, contributing to broader neighborhood appeal without being the sole demand driver.
Safety indicators in this neighborhood trend near the national middle overall, with recent data showing notable year-over-year improvements in both property and violent offense estimates. At the metro scale (ranked against 1,441 Los Angeles-area neighborhoods), the area is not among the top safety performers, but the direction of change has been favorable, which can support leasing confidence and resident retention when paired with property-level security and management practices.
For investors, the takeaway is balanced: current safety standing requires standard risk controls and resident engagement, while improving trend lines help mitigate downside and can enhance long-term positioning relative to peer submarkets.
Proximity to major corporate offices in tech, energy, engineering, and media supports a steady commuter renter base and can bolster retention through convenience. Key nearby employers include Activision Blizzard, Occidental Petroleum, Abbott Laboratories, AECOM, and Activision Blizzard Studios.
- Activision Blizzard — interactive entertainment (1.8 miles) — HQ
- Occidental Petroleum — energy corporate offices (2.0 miles) — HQ
- Abbott Laboratories — healthcare & diagnostics offices (2.9 miles) — HQ
- AECOM — engineering & infrastructure (3.3 miles) — HQ
- Activision Blizzard Studios — media & production (4.4 miles)
1245 S McClellan Dr is a 63-unit, 1987-vintage asset positioned in an A+ West Los Angeles neighborhood with top-tier amenity access and a high share of renter-occupied housing units. Based on CRE market data from WDSuite, neighborhood occupancy trends are steady near the national middle, while elevated home values and incomes sustain a deep renter pool and support rent levels for well-maintained product.
The vintage offers a practical balance of competitive unit layouts and potential value-add through system upgrades and modernization. Within a 3-mile radius, forecasts point to growth in population and households, indicating renter pool expansion that can aid leasing stability and support measured rent growth assumptions. Execution focus should include asset differentiation, resident experience, and standard safety and affordability management to sustain retention.
- A+ neighborhood with top-quartile national amenity access supports leasing and retention
- High renter-occupied share signals a deep tenant base and stable multifamily demand
- 1987 vintage provides value-add potential via targeted modernization and systems updates
- 3-mile forecasts show population and household growth, reinforcing occupancy stability
- Risk: safety sits near national middle and rents are elevated, requiring strong operations and resident retention strategies