| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 60th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1347 Allison Ave, Los Angeles, CA, 90026, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2003 |
| Units | 21 |
| Transaction Date | 2001-06-04 |
| Transaction Price | $275,000 |
| Buyer | POST GROUP X ELYSIAN LP |
| Seller | ELYSIAN CITY LIGHTS |
1347 Allison Ave Los Angeles Multifamily Investment
This 21-unit property built in 2003 sits in a neighborhood with 84.5% renter-occupied housing and strong amenity access. The area ranks in the top quartile nationally for amenities according to CRE market data from WDSuite, supporting tenant retention fundamentals.
This urban core neighborhood ranks 108th among 1,441 metro neighborhoods with an A rating, placing it in the top quartile for overall investment characteristics. The area maintains 84.5% renter-occupied housing units - ranking 29th metro-wide and 99th percentile nationally - indicating strong structural rental demand that supports multifamily fundamentals.
Amenity density ranks 11th among metro neighborhoods and 98th percentile nationally, with 5.77 cafes per square mile, 4.81 grocery stores per square mile, and 49.08 restaurants per square mile. This concentration of walkable amenities enhances tenant appeal and retention prospects. The neighborhood also provides 4.81 parks per square mile, ranking in the 99th percentile nationally for recreational access.
Demographics within a 3-mile radius show 374,551 residents with household income averaging $93,903. The area maintains 85.4% renter-occupied units, reinforcing rental demand depth. Forecasts project household growth of 33.3% by 2028, expanding the potential tenant base. Median contract rent has increased 38.4% over five years to $1,544, with projections showing continued growth to $2,031 by 2028.
The property's 2003 construction year aligns with neighborhood averages, minimizing near-term capital expenditure needs while positioning for potential value-add opportunities as the building approaches its third decade. Neighborhood occupancy rates of 94.6% suggest stable absorption, though this has declined slightly over five years, warranting attention to lease management and renewal strategies.
Crime metrics show the neighborhood ranking 506th among 1,441 metro neighborhoods for overall crime levels, placing it above the metro median and in the 69th percentile nationally. Property offense rates have declined significantly by 77.3% year-over-year, ranking in the 97th percentile nationally for improvement trends.
Violent crime rates also show substantial improvement, declining 89.3% year-over-year and ranking in the 99th percentile nationally for positive trend direction. While current violent offense rates place the neighborhood at 793rd among metro areas (41st percentile nationally), the dramatic improvement trajectory suggests enhanced tenant security and retention prospects.
The property benefits from proximity to major corporate employers and headquarters, providing workforce housing for technology, entertainment, and professional services sectors that support stable tenant demand.
- Microsoft — technology offices (1.4 miles)
- Reliance Steel & Aluminum — industrial materials headquarters (1.5 miles) — HQ
- CBRE Group — commercial real estate headquarters (1.5 miles) — HQ
- Live Nation Entertainment — entertainment services (5.6 miles)
- Disney — entertainment headquarters (7.2 miles) — HQ
This 21-unit property built in 2003 operates in a fundamentally strong rental market with 84.5% renter-occupied housing units and top-quartile amenity access. The neighborhood's A rating and ranking of 108th among 1,441 metro neighborhoods reflects solid investment fundamentals, while commercial real estate analysis from WDSuite shows NOI per unit averaging $12,391 in the area - ranking in the 89th percentile nationally.
Demographic projections within 3 miles show household growth of 33.3% by 2028, expanding the tenant pool while median household income is forecast to increase 35.8% to $92,152. The property's vintage aligns with neighborhood norms, positioning for value-add opportunities without immediate capital expenditure pressures. However, investors should monitor the neighborhood's declining occupancy trend and elevated rent-to-income ratios that rank in the 8th percentile nationally, which may impact lease renewals and absorption rates.
- Top-quartile neighborhood ranking with A rating among 1,441 metro areas
- Strong structural rental demand with 84.5% renter-occupied housing units
- Projected 33.3% household growth by 2028 expanding tenant base
- Proximity to major corporate employers including Microsoft and Disney headquarters
- Monitor affordability pressures with rent-to-income ratios in 8th percentile nationally