| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 33rd | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1405 James M Wood Blvd, Los Angeles, CA, 90015, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2007 |
| Units | 43 |
| Transaction Date | 2003-08-26 |
| Transaction Price | $1,400,000 |
| Buyer | JW APARTMENTS LP |
| Seller | ARCHDIOCESE OF LOS ANGELES EDUCATION & W |
1405 James M Wood Blvd Los Angeles Multifamily Investment Outlook
Amenity-rich Urban Core location with a deep renter base supports demand resilience, according to CRE market data from WDSuite, while neighborhood occupancy trends sit near national norms.
Located in Los Angeles Urban Core the neighborhood scores in the top quartile nationally for overall livability (A- rating, rank 369 among 1,441 metro neighborhoods). Investors benefit from exceptional proximity to daily needs: grocery, restaurant, pharmacy, park, and caf e9 density all sit in the mid-90s to 99th national percentiles, indicating strong walkable amenities that can aid leasing velocity and renewal appeal.
Multifamily fundamentals are balanced. Neighborhood occupancy is around the national median (rank indicates above the 50th percentile), suggesting steady absorption without overheating. Renter-occupied share is exceptionally high at the neighborhood level (near the top nationally), signaling a deep tenant base that can support multifamily demand and stabilize occupancy through cycles.
Construction year for the property is 2007, whereas the area e2 80 99s average vintage skews older (1960s). The 2007 delivery positions the asset as relatively newer stock versus much of the competitive set, which can enhance leasing competitiveness; investors should still plan for selective modernization and systems maintenance typical of assets approaching two decades in age.
Within a 3-mile radius, household counts have increased and are projected to expand further, even as population is roughly flat to slightly down 4a sign of smaller household sizes and more households entering the market. This dynamic points to renter pool expansion that supports occupancy stability and lease-up, based on CRE market data from WDSuite. School ratings in the area are below national averages, which may temper family-oriented demand but typically has less impact on adult renter segments in urban cores.
Home values are elevated relative to incomes locally (top-tier value-to-income metrics) and median values rank high nationally. This high-cost ownership landscape tends to reinforce reliance on rental housing, which can support pricing power and retention for well-maintained, well-located multifamily product.
Safety indicators are mixed but improving. The neighborhood is competitive among Los Angeles neighborhoods (rank 546 of 1,441) and sits above the national midpoint on composite crime comparisons. Year over year, both violent and property offense estimates show substantial improvement, placing recent trend changes in the top decile nationally. This suggests momentum in the right direction, though absolute levels remain closer to urban-core norms than suburban benchmarks.
Investors should underwrite with a focus on property-level controls, lighting, and access management, while noting the positive directional trend and comparative standing versus many neighborhoods nationwide.
Proximity to major employers in Downtown and greater Los Angeles supports workforce-driven renter demand and commute convenience. Notable nearby employers include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation, and Avery Dennison.
- CBRE Group 2d commercial real estate services (0.95 miles) 2d HQ
- Microsoft 2d technology offices (1.03 miles)
- Reliance Steel & Aluminum 2d metals & distribution (1.07 miles) 2d HQ
- Live Nation Entertainment 2d entertainment & media offices (5.54 miles)
- Avery Dennison 2d materials & labeling (7.45 miles) 2d HQ
This 43-unit asset built in 2007 offers relative competitive positioning versus an older local stock profile, with amenity-rich Urban Core fundamentals that rank among the stronger environments in Los Angeles for daily needs access. Neighborhood occupancy trends are near national norms, while renter concentration is among the highest nationally 4together indicating a deep tenant base and steady leasing backdrop. Elevated home values in the area reinforce reliance on rental housing, supporting retention and pricing power for well-managed properties, according to CRE market data from WDSuite.
Within a 3-mile radius, households have grown and are projected to expand further while average household size declines, pointing to more renters entering the market. Strong neighborhood-level NOI per unit performance (top decile nationally) supports the long-term case, though underwriting should account for affordability pressure (higher rent-to-income ratios), below-average nearby school ratings, and routine capital for a mid-2000s vintage (select modernization and building systems upkeep).
- 2007 vintage outcompetes older local stock; plan targeted modernization for durability
- Amenity-rich Urban Core with top-tier access supports demand and renewal appeal
- Deep renter base and household growth within 3 miles bolster occupancy stability
- High-cost ownership market underpins rental reliance and pricing power
- Risks: affordability pressure, lower nearby school ratings, and ongoing capex for mid-2000s systems