| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 88th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1247 Stoner Ave, Los Angeles, CA, 90025, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 29 |
| Transaction Date | 1997-03-24 |
| Transaction Price | $1,400,000 |
| Buyer | TCWS PROPERTY LTD PARTNERSHIP |
| Seller | CWD STONER ASSOC |
1247 Stoner Ave Los Angeles Multifamily Investment
Positioned in a high-demand renter pocket of West Los Angeles, the neighborhood shows steady occupancy and a large share of renter-occupied units, according to WDSuite’s CRE market data. Strong local incomes and a high-cost ownership market support renter demand and lease retention for well-managed assets.
The property sits in an Urban Core neighborhood ranked 10th among 1,441 Los Angeles–Long Beach–Glendale neighborhoods—effectively a top-tier location by WDSuite’s neighborhood rating. Amenity access is a standout: restaurants and cafes rank in the 99th national percentile, groceries in the 97th, and pharmacies at the 100th, giving residents day-to-day convenience that supports leasing and renewals.
Renter demand fundamentals are favorable. The neighborhood has a high renter concentration, indicating a deep tenant base, while neighborhood occupancy trends sit near national norms. Median household income is above national benchmarks (87th percentile), and contract rents track in the mid-to-upper national range, which together point to solid pricing power when paired with effective lease management.
Within a 3-mile radius, demographics show a stable population with a slight dip in recent years but projections indicate population growth and a sizeable increase in households over the next five years. Smaller average household sizes are expected, which typically expands the renter pool and supports occupancy stability for appropriately positioned units.
Home values rank in the 98th national percentile and the value-to-income ratio is elevated, reflecting a high-cost ownership market. For multifamily investors, this dynamic can sustain reliance on rental housing and bolster demand depth, though it also warrants attention to affordability pressure in rent-setting and renewal strategies. Schools average roughly mid-to-high performance for the metro (about 3.5 out of 5 on average), adding to overall livability without being the primary demand driver.
Vintage context: the neighborhood’s average construction year is 1981, while this asset was built in 1987. Being somewhat newer than the local average can enhance competitive positioning versus older stock; investors should still plan for modernization of aging systems to capture value-add potential and support rent premiums.
Safety indicators are mixed but improving in trend. Compared with neighborhoods nationwide, overall crime levels align roughly with the middle of the pack (around the 52nd national percentile), placing the area close to national norms. Within the Los Angeles metro, that translates to a mid-to-lower half ranking among 1,441 neighborhoods, so investors should underwrite to standard urban risk controls and property management practices.
Recent momentum is constructive: both property and violent offense rates have declined year over year, with improvement metrics landing in higher national percentiles. For investors, this suggests conditions that are moving in a favorable direction; however, prudent measures such as lighting, access control, and partnership with experienced third-party management remain important to support retention and asset performance.
The immediate area draws from a diversified white-collar employment base that supports steady renter demand and short commute times. Key nearby employers include Occidental Petroleum, Activision Blizzard, AECOM, Abbott Laboratories, and Live Nation Entertainment.
- Occidental Petroleum — oil & gas (1.3 miles) — HQ
- Activision Blizzard — video games (2.0 miles) — HQ
- AECOM — engineering & infrastructure (2.6 miles) — HQ
- Abbott Laboratories — healthcare products (3.5 miles) — HQ
- Live Nation Entertainment — entertainment (4.0 miles) — HQ
This 29-unit asset, built in 1987, benefits from a top-tier West Los Angeles location with exceptional amenity access and a deep renter base. Neighborhood NOI per unit measures near the top of national peers, and the high-cost ownership landscape reinforces reliance on multifamily housing—factors that can support pricing power and leasing stability when paired with disciplined operations. Based on CRE market data from WDSuite, neighborhood occupancy trends are around national norms, so asset-level execution and unit quality will be key to outperforming the average.
Forward-looking demand signals are constructive: within a 3-mile radius, projections point to population growth, a substantial increase in households, and slightly smaller household sizes—conditions that typically expand the renter pool. The asset’s vintage is somewhat newer than the neighborhood average, offering a platform for targeted system upgrades and interior renovations to capture value-add upside and defend against competitive new supply.
- Top-tier Urban Core location with 99th-percentile dining/cafe access and daily conveniences that support leasing
- Deep renter base and high-cost ownership market reinforce demand depth and potential pricing power
- 1987 vintage offers a competitive edge versus older stock with clear value-add and modernization paths
- 3-mile projections show household growth and smaller household sizes, supporting renter pool expansion and occupancy stability
- Risks: mid-range neighborhood safety and occupancy require strong management, thoughtful affordability positioning, and continued focus on resident retention