| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 60th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1301 W Court St, Los Angeles, CA, 90026, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2005 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1301 W Court St Los Angeles Multifamily Investment
Positioned in an Urban Core pocket of Los Angeles with durable renter demand and mid-90s neighborhood occupancy, this 24-unit, 2005-vintage asset benefits from proximity to major employers and amenity density, according to WDSuite’s CRE market data.
The property sits in an Urban Core neighborhood rated A and ranked 108 out of 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods — competitive among Los Angeles neighborhoods. Amenity access is a clear strength: restaurants, cafes, parks, groceries, and pharmacies each measure in the top national percentiles, supporting resident convenience and retention.
Neighborhood occupancy is 94.6% (neighborhood-level metric), placing it in the upper third nationally. Renter-occupied share is high at 84.5% (neighborhood-level), indicating a deep tenant base and reinforcing multifamily demand. Median contract rents in the neighborhood sit above national norms, while the average NOI per unit ranks in the upper decile nationally, suggesting income performance has been favorable among peer assets.
Construction stock in the surrounding area skews older (average year 1953). With a 2005 construction year, this property is newer than much of the local inventory, which can enhance competitive positioning versus older stock and temper near-term capital expenditure needs; investors should still plan for system updates tied to a two-decade-old asset.
Within a 3-mile radius, households increased over the past five years and are projected to continue rising, even as total population trends modestly down and average household size decreases. This shift toward more, smaller households points to a larger tenant base over time and supports occupancy stability. Neighborhood home values are elevated relative to national levels, and the value-to-income ratio ranks near the top nationally — a high-cost ownership market that tends to sustain reliance on rentals. At the same time, a rent-to-income ratio near the neighborhood level indicates some affordability pressure, which calls for thoughtful lease management and renewal strategies.
Schools in the area trend around the national middle based on average ratings. For investors, this positions the submarket as more oriented to urban professionals and workforce renters drawn by access, employment centers, and services rather than top-tier school districts.
Safety signals are mixed but improving. The neighborhood’s overall crime rank is 506 out of 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, which is competitive among Los Angeles neighborhoods, and its national positioning sits around the upper third. Property and violent offense levels benchmark closer to national mid ranges, but one-year trend data indicates notable declines, which suggests recent directional improvement rather than a guarantee of low risk.
For investors, this translates to typical urban-core risk management considerations: security, lighting, and access controls can support retention and leasing, with trends worth monitoring as the area continues to evolve.
The location offers access to a concentrated employment base that supports workforce housing demand and short commutes, including nearby technology, real estate services, entertainment, and manufacturing headquarters.
- Microsoft — technology offices (0.8 miles)
- CBRE Group — real estate services (0.9 miles) — HQ
- Reliance Steel & Aluminum — metals & distribution (0.9 miles) — HQ
- Live Nation Entertainment — entertainment offices (5.6 miles)
- Avery Dennison — materials & labeling (6.4 miles) — HQ
1301 W Court St is a 24-unit, 2005-vintage multifamily asset in an amenity-rich Urban Core neighborhood where renter concentration and mid-90s neighborhood occupancy support demand depth. The property’s newer vintage versus the area’s predominantly mid-century stock offers relative competitiveness and moderated near-term capex, while larger average unit sizes can enhance leasing appeal. According to CRE market data from WDSuite, neighborhood home values are high relative to incomes, which typically sustains reliance on rental housing and can support pricing power when paired with strong amenity access.
Within a 3-mile radius, the number of households has grown and is projected to expand further despite modest population drift and smaller household sizes — dynamics that point to renter pool expansion and support for occupancy stability. Balanced against these strengths, investors should account for affordability pressure at renewal and typical urban-core safety considerations, along with monitoring any softening in neighborhood occupancy trends.
- Newer 2005 vintage versus older local stock may reduce near-term capex and improve competitive positioning
- High-cost ownership market reinforces renter reliance and supports rent durability
- Dense amenities and proximity to major employers aid leasing and retention
- Growing household counts within 3 miles point to a larger tenant base over time
- Risks: affordability pressure and urban-core safety considerations; monitor neighborhood occupancy trends