| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 60th | Good |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1720 Taft Ave, Los Angeles, CA, 90028, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2000 |
| Units | 32 |
| Transaction Date | 1996-06-17 |
| Transaction Price | $50,000 |
| Buyer | J & L COMPANY LLC |
| Seller | SOUTHERN CALIFORNIA FSLA |
1720 Taft Ave Los Angeles Multifamily Investment
Newer 2000 vintage in an amenity-rich Urban Core pocket with a high renter-occupied share, supporting durable tenant demand according to WDSuite’s CRE market data. Neighborhood occupancy has eased in recent years, suggesting room for operational outperformance through leasing and retention.
This Urban Core neighborhood ranks 186th among 1,441 Los Angeles metro neighborhoods (A rating), placing it competitive within the region. Daily convenience is a notable strength: restaurants, groceries, and pharmacies score in the top national percentiles, which supports renter appeal and aids leasing stability, based on CRE market data from WDSuite.
The property’s 2000 construction year is newer than the neighborhood’s older average stock (1950s), offering relative competitiveness versus legacy buildings. Investors should still plan for system modernization typical of assets at this age to maintain positioning against newer product.
Tenure patterns point to a deep renter base. The neighborhood shows a high share of housing units that are renter-occupied (top national percentiles), which generally supports consistent multifamily demand and reduces dependence on any single tenant segment. By contrast, the neighborhood’s occupancy level has trended below stronger metro performers in recent years, creating a focus area for active leasing and renewal management.
Within a 3-mile radius, recent trends show a slight population dip alongside a small increase in household counts, indicating smaller household sizes and a broader renter pool. Forward-looking figures point to growth in households by 2028, which can expand the tenant base and support occupancy. Elevated home values in the neighborhood (top national percentiles) indicate a high-cost ownership market that tends to sustain reliance on multifamily rentals, while rent-to-income levels warrant attentive lease management to support retention.
Safety indicators are competitive among Los Angeles neighborhoods (ranked 369th of 1,441 in the metro, 76th percentile nationally), providing a comparatively favorable context versus many urban core areas. Recent data also shows one of the strongest one-year improvements nationally in both property and violent offense estimates. These trends are directional at the neighborhood level and can help support leasing and retention, though investors should underwrite with standard urban risk controls.
Proximity to major corporate employers underpins workforce housing demand and commute convenience for residents, including Disney, Microsoft, CBRE Group, Avery Dennison, and Reliance Steel & Aluminum.
- Disney — media & entertainment (3.8 miles) — HQ
- Microsoft — technology offices (4.9 miles)
- CBRE Group — commercial real estate services (5.0 miles) — HQ
- Avery Dennison — materials & packaging (5.0 miles) — HQ
- Reliance Steel & Aluminum — metals & distribution (5.0 miles) — HQ
1720 Taft Ave offers a 32-unit, 2000-built asset positioned in a nationally amenity-rich Los Angeles neighborhood where elevated ownership costs reinforce rental demand. Compared with the metro, neighborhood occupancy has been softer, which puts emphasis on leasing execution but also presents room for operational gains. The asset’s vintage is newer than the area’s older building stock, giving it a competitive edge with the potential to capture demand from renters seeking modern layouts, while planning for targeted system upgrades.
Within a 3-mile radius, household counts have inched higher even as population edged down, expanding the renter pool through smaller household sizes; forecasts call for additional growth in households and higher incomes by 2028, supporting rentability and retention. According to CRE market data from WDSuite, the neighborhood’s high renter-occupied share and strong amenity access underpin demand fundamentals, while affordability pressure (rent-to-income around 30%) and uneven school ratings warrant prudent underwriting and proactive tenant management.
- Newer 2000 vintage versus older local stock, with competitive positioning and manageable modernization needs
- High renter-occupied share and amenity-rich location support depth of tenant demand
- Household growth within 3 miles and rising incomes bolster leasing and renewal potential
- Nearby blue-chip employers help sustain workforce demand and reduce turnover risk
- Risks: neighborhood occupancy softness, affordability pressure, and below-average school ratings require active asset management