| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 40th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1311 W 5th St, Los Angeles, CA, 90017, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2007 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1311 W 5th St Los Angeles Multifamily Opportunity
Workforce-oriented demand in Downtown Los Angeles is supported by a very high neighborhood renter concentration and deep amenity access, according to WDSuite’s CRE market data. For investors, this points to durable leasing fundamentals with competitive positioning for a 2007-vintage asset.
Located in the Urban Core of Los Angeles, the neighborhood ranks 306 out of 1,441 metro neighborhoods (top quartile among 1,441), with amenities that score in the top tier nationally. Grocery, pharmacy, and dining densities sit around the 98th–99th national percentiles, reinforcing walkable access that supports renter retention and leasing velocity.
The neighborhood’s renter-occupied share is among the highest in the metro (ranked 18th of 1,441), signaling a deep tenant base for multifamily. Neighborhood occupancy is around the national median, while average NOI per unit trends above national norms (82nd percentile), suggesting competitive income performance potential for well-managed properties, based on CRE market data from WDSuite.
Home values in the area sit in the higher-cost range (97th percentile nationally), which tends to sustain reliance on multifamily housing and can support pricing power and lease retention for quality assets. Average school ratings are mixed relative to national peers, which may factor into unit mix strategy rather than broad demand.
The property’s 2007 construction is newer than the neighborhood’s average vintage (1950s era stock). This positioning typically reduces near-term capital expenditure pressure versus older competitive sets, while still leaving room for selective modernization to enhance rent positioning and capture value-add upside.
Demographic statistics are aggregated within a 3-mile radius. Over the past five years, households increased even as population edged down, indicating shrinking household sizes and a larger count of housing consumers; looking ahead, forecasts point to further household growth with smaller household sizes. For investors, that pattern supports a larger tenant base and steady absorption of well-located multifamily units.
Neighborhood safety trends are mixed in a regional context. Overall crime benchmarks place the area above the national midpoint (around the 65th percentile nationally), while violent and property offense measures track closer to the lower half of neighborhoods nationwide. Recent data shows meaningful year-over-year declines in both violent and property offenses, which investors may monitor for persistence as part of underwriting and leasing risk assessments.
Within the metro, the neighborhood’s crime rank is 564 out of 1,441, indicating it is competitive among Los Angeles neighborhoods but not among the very safest. For multifamily operations, standard security design, lighting, and access controls remain prudent best practices, with ongoing review of trend data to inform staffing and budgeting.
Proximity to major employers anchors renter demand through short commutes and diverse professional job bases. Nearby corporate offices include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation, and Avery Dennison — all of which contribute to stable leasing and renewal prospects for workforce and professional renters.
- CBRE Group — real estate services (0.5 miles) — HQ
- Microsoft — technology offices (0.6 miles)
- Reliance Steel & Aluminum — metals & distribution (0.6 miles) — HQ
- Live Nation Entertainment — entertainment offices (5.7 miles)
- Avery Dennison — materials & labeling (7.0 miles) — HQ
1311 W 5th St brings scale (80 units) in a high-amenity Downtown Los Angeles neighborhood with one of the metro’s highest renter concentrations. Amenity density and a high-cost ownership landscape support a durable renter pool and pricing power. According to CRE market data from WDSuite, neighborhood occupancy sits near national norms while NOI per unit trends above national averages, indicating competitive income potential for a well-operated asset.
Built in 2007, the property is newer than much of the surrounding 1950s-era stock, which can reduce near-term capital planning relative to older comparables while creating optionality for targeted renovations to lift rents. Within a 3-mile radius, households have grown and are expected to continue increasing even as household sizes decline — a setup that typically expands the renter pool and supports occupancy stability. Key risks to underwrite include rent-to-income pressures typical of high-cost markets and mixed safety benchmarks, which call for attentive lease management and resident experience strategies.
- High renter concentration and top-tier amenities support leasing durability
- 2007 vintage offers competitive positioning versus older local stock
- Above-average income performance potential vs. national norms
- Household growth within 3 miles expands the tenant base and supports occupancy
- Risks: rent-to-income pressure in a high-cost market and mixed safety metrics