| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 83rd | Best |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1425 N Alta Vista Blvd, Los Angeles, CA, 90046, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 92 |
| Transaction Date | 2015-08-31 |
| Transaction Price | $30,050,000 |
| Buyer | PUR Alta Vista Gardens, LLC |
| Seller | Nasch Alta Vista, LP, Private Investor, Helen Zeff, PriceCash Equivalent Price/sf |
1425 N Alta Vista Blvd Los Angeles Multifamily Investment
Positioned in an amenity-rich Urban Core pocket with a deep renter base, the asset benefits from strong neighborhood fundamentals and high-cost ownership dynamics, according to WDSuite s CRE market data. This suggests durable renter demand and competitive leasing potential relative to older inventory nearby.
Situated in Los Angeles s Urban Core, the property sits in a neighborhood that ranks competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, with lifestyle amenities that support renter retention and leasing velocity. Restaurants, groceries, pharmacies, and cafes are concentrated at levels that place the area among the stronger amenity clusters nationally, reinforcing daily convenience and walkable demand drivers for multifamily.
The neighborhood s housing stock skews older than this asset: the average construction year is late-1960s, while the property was built in 1987. That vintage positioning gives the building relative competitiveness versus much of the surrounding inventory, while still warranting targeted modernization planning as systems age a typical value-add angle in this submarket.
Tenure patterns indicate a high share of renter-occupied housing units (roughly three-quarters), implying a broad tenant pool and consistent demand for apartments. Neighborhood occupancy has moderated in recent years, so effective operations and product differentiation remain important to sustain leasing performance; however, the depth of renter households continues to underpin absorption potential.
Demographic statistics are aggregated within a 3-mile radius and show a smaller average household size and a sizable professional cohort, with forecast growth in population and households over the next five years pointing to renter pool expansion. Elevated home values locally indicate a high-cost ownership market, which tends to sustain reliance on rental housing and can support pricing power when managed alongside renter affordability and renewal strategies. These dynamics align with commercial real estate analysis from WDSuite indicating strong neighborhood-level income and amenity profiles that often correlate with stable multifamily demand.
Neighborhood safety trends compare favorably to many areas nationwide, with recent data showing notable year-over-year improvement in both property and violent offense rates. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood s crime ranking sits above the mid-pack among 1,441 neighborhoods, and nationally it performs above average, suggesting relatively supportive conditions for renter retention without overstating block-level safety.
Investors should view safety as one component of operational strategy: ongoing improvements and an above-national standing can aid leasing stability, while typical urban-core variability means property-level measures (lighting, access control, resident engagement) still matter.
Proximity to entertainment and corporate offices anchors the local employment base, supporting workforce housing demand and commute convenience for renters. The nearby roster includes Live Nation, Activision Blizzard Studios, Radio Disney, and Disney headquarters.
- Live Nation Entertainment corporate offices (0.38 miles)
- Live Nation Entertainment corporate offices (3.32 miles) HQ
- Activision Blizzard Studios corporate offices (3.62 miles)
- Radio Disney corporate offices (3.90 miles)
- Disney corporate offices (4.35 miles) HQ
Built in 1987 with 92 units averaging spacious floor plans, the asset competes well against older neighborhood stock while offering clear pathways for selective renovations and operational optimization. According to CRE market data from WDSuite, the surrounding neighborhood exhibits strong amenity density, a high concentration of renter-occupied units, and a high-cost ownership landscape factors that typically support multifamily demand and lease retention when paired with disciplined affordability management.
Demographic statistics aggregated within a 3-mile radius point to growing households and a professional renter base, with forward projections indicating a larger tenant pool over the next five years. While neighborhood occupancy has softened from prior peaks, the area s renter depth and employment proximity help underpin leasing fundamentals, making execution and product positioning the key drivers of performance.
- 1987 vintage offers competitive positioning versus older stock and targeted value-add potential
- Amenity-rich Urban Core location supports retention and rent growth potential
- High-cost ownership market reinforces reliance on rentals and deepens tenant base
- 3-mile outlook indicates household growth, supporting future renter pool expansion
- Risk: Moderated neighborhood occupancy and renter affordability pressure require disciplined leasing and expense control