| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 70th | Good |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1254 N June St, Los Angeles, CA, 90038, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1988 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1254 N June St Los Angeles Multifamily Investment
High renter concentration and a high-cost ownership market point to durable renter demand in this Urban Core location, according to WDSuite’s CRE market data.
The property sits in an Urban Core neighborhood with an A- rating where renter-occupied housing is the norm, signaling a deep tenant base for multifamily. Neighborhood occupancy trends are roughly in line with broader markets, and the local renter concentration (measured as the share of renter-occupied units) is among the highest in the metro, supporting leasing depth and retention strategies for stabilized assets.
Everyday convenience is a strength: neighborhood amenity indicators show exceptional access to groceries and pharmacies (both in the top national percentiles) and a strong restaurant presence. By contrast, parks and cafes are comparatively limited, which may modestly temper lifestyle appeal for some residents but does not materially detract from core rental demand drivers.
For schools, the neighborhood’s average rating trends below national norms, which could matter for family-oriented units. However, the area’s small average household size and strong concentration of renters suggest demand is anchored by singles and roommate households rather than school-driven decisions.
Ownership costs are elevated versus income locally, with neighborhood home values sitting near the top of national comparisons. This high-cost ownership market tends to sustain reliance on rental housing, supporting pricing power in professionally managed assets. Neighborhood-level NOI per unit benchmarks also rank near the top nationally, indicating that well-operated properties in this area can capture outsized revenue performance relative to many U.S. submarkets, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics show a slight population contraction in recent years but growth in household counts and a forecasted expansion in both households and incomes by 2028. Smaller household sizes are expected, which typically supports demand for one-bedroom inventory and helps stabilize occupancy through a broader base of renters.
Neighborhood safety indicators sit around the metro midpoint among 1,441 Los Angeles-Long Beach-Glendale neighborhoods and near the national midpoint overall. Importantly, both violent and property offense rates have declined year over year, outpacing many areas nationally, which is a constructive trend for resident sentiment and lease-up narrative. While investors should underwriting with realistic expectations, the improving trajectory helps support long-term stability assumptions.
Proximity to major corporate offices supports a steady renter pipeline, particularly for professionals seeking commute convenience to entertainment and infrastructure firms noted below.
- Live Nation Entertainment — corporate offices (0.74 miles)
- Radio Disney — corporate offices (4.08 miles)
- Activision Blizzard Studios — corporate offices (4.20 miles)
- Disney — corporate offices (4.36 miles) — HQ
- AECOM — corporate offices (5.33 miles) — HQ
This 35-unit asset, built in 1988, is newer than the surrounding neighborhood’s average vintage, offering relative competitiveness versus older stock while leaving room for targeted modernization of interiors and building systems. High renter concentration and elevated ownership costs underpin a broad tenant base and potential pricing power, while neighborhood NOI-per-unit benchmarks sit near the top of national comparisons. According to CRE market data from WDSuite, local occupancy is steady and demand is reinforced by proximity to large employers.
Within a 3-mile radius, recent household growth and forecasts for additional household and income gains point to a larger tenant pool ahead, particularly for smaller floor plans as average household sizes trend lower. Balancing factors include rent-to-income pressure at the neighborhood level, below-average school scores, and thinner park/cafe coverage, which call for disciplined leasing and retention management.
- 1988 vintage offers competitive positioning versus older local stock with selective value-add potential
- High renter concentration and elevated ownership costs support durable rental demand and retention
- Strong neighborhood NOI-per-unit benchmarks suggest revenue upside for well-operated assets
- Nearby corporate offices bolster workforce demand and leasing stability
- Risks: rent-to-income pressure, lower school ratings, and limited parks/cafes require proactive leasing and renewal strategies