| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 88th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1545 Amherst Ave, Los Angeles, CA, 90025, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 40 |
| Transaction Date | 1993-11-01 |
| Transaction Price | $470,000 |
| Buyer | LIM GARY R |
| Seller | SHU TONY |
1545 Amherst Ave Los Angeles Multifamily Investment
Situated in an A+ urban core pocket ranked 10th among 1,441 Los Angeles metro neighborhoods, this asset benefits from deep renter demand and strong amenity density, according to WDSuite’s CRE market data. Neighborhood occupancy and rent levels reflect area dynamics rather than the property’s own figures.
The surrounding neighborhood places in the top quartile nationally for overall quality, with abundant daily needs and lifestyle options that support leasing velocity. Amenity access is a standout: cafes and restaurants rank near the top of national comparisons, and pharmacies, groceries, and parks also benchmark well above national medians. These dynamics reinforce convenience and can reduce turnover risk for renters.
At the metro level, this area is competitive among Los Angeles neighborhoods for housing fundamentals and income. Median household incomes benchmark in the upper national percentiles, supporting effective rent collections and renewals. Median home values are elevated relative to incomes, a high-cost ownership landscape that tends to sustain reliance on multifamily rentals and can underpin pricing power when managed carefully.
The building’s 1989 vintage is somewhat newer than the neighborhood’s typical construction year. That positioning helps competitiveness versus older stock, while still offering potential value-add through selective modernization of interiors and building systems for yield enhancement.
Tenure patterns indicate a high share of renter-occupied housing units in the neighborhood, signaling a deep tenant base for multifamily product and supporting occupancy stability. Within a 3-mile radius, demographics show a sizable working-age population and forecasts point to growth in population and households over the next five years, expanding the renter pool and supporting continued demand.
School quality trends above national averages, and neighborhood-level NOI per unit benchmarks in top national percentiles, based on CRE market data from WDSuite. While neighborhood occupancy rates sit around the national median, the combination of amenity access, income depth, and a strong renter concentration provides a constructive backdrop for leasing performance.
Safety signals are mixed but improving. Within the metro, the neighborhood sits below the median for safety (ranked 785th among 1,441 Los Angeles neighborhoods), roughly around the national middle overall. Over the past year, both property and violent offense rates have moved lower, indicating positive momentum.
In national context, aggregate crime levels are close to average, while violent offense benchmarks below national percentiles. Investors should underwrite with standard urban-core assumptions and consider the recent downward trend as constructive, not deterministic.
Nearby employers in interactive entertainment, energy, engineering, and healthcare contribute to a diversified white-collar employment base that supports renter demand and retention. The list below highlights major offices and headquarters within a short commute.
- Activision Blizzard — interactive entertainment (1.4 miles) — HQ
- Occidental Petroleum — energy (1.8 miles) — HQ
- Abbott Laboratories — healthcare (2.9 miles) — HQ
- AECOM — engineering & infrastructure (3.0 miles) — HQ
- Activision Blizzard Studios — media production (4.1 miles)
1545 Amherst Ave aligns with a top-tier Los Angeles neighborhood where amenity access, income depth, and a high renter-occupied housing share support durable multifamily demand. According to WDSuite’s CRE market data, neighborhood NOI per unit benchmarks in the upper national percentiles, while elevated ownership costs help sustain reliance on rental housing and can support pricing power with thoughtful lease management.
Built in 1989, the asset is newer than much of the surrounding stock, offering relative competitiveness alongside value-add potential through targeted modernization. Neighborhood occupancy trends near the national median suggest management and leasing execution will drive outcomes; safety indicators are mixed but improving, warranting prudent underwriting and asset-level security planning.
- A+ urban-core location with top-quartile amenities and income depth supporting leasing stability
- 1989 vintage offers competitive positioning versus older stock plus modernization upside
- High neighborhood renter-occupied share indicates a deep tenant base for multifamily
- Elevated ownership costs reinforce rental demand and potential pricing power
- Risks: safety metrics below metro median and occupancy near national median call for strong operations