| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 60th | Good |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1950 Tamarind Ave, Los Angeles, CA, 90068, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1974 |
| Units | 112 |
| Transaction Date | 2018-02-27 |
| Transaction Price | $40,650,000 |
| Buyer | Raintree Tamarind LLC |
| Seller | M G Enterprises Llc, Developer, Sikand Properties, PrCiaces/hu Enqitu aivnadle /nstf |
1950 Tamarind Ave, Los Angeles Multifamily Thesis
In an amenity-rich Hollywood corridor, a deep renter base and elevated ownership costs support durable multifamily demand, according to WDSuite’s CRE market data.
Situated in Los Angeles’s Urban Core, the immediate neighborhood scores well on livability for renters: restaurants, groceries, and pharmacies rank near the top of national distributions, indicating daily needs and lifestyle amenities within close reach. Neighborhood ratings place this area competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, which helps leasing visibility for well-located assets.
The property’s 1974 vintage is newer than the neighborhood’s average construction year (1952), suggesting relative competitiveness versus older stock; investors should still plan for system modernization and targeted renovations to meet current renter expectations and sustain pricing power over hold.
Tenure data signals depth in the tenant base: the neighborhood shows a high share of renter-occupied housing, and within a 3-mile radius, renter concentration remains elevated as well. While neighborhood occupancy has softened relative to national benchmarks, the high renter share points to steady demand for multifamily units; execution around leasing, renewals, and unit turns remains the key differentiator.
Within a 3-mile radius, recent trends show households edging higher even as population dipped, implying smaller household sizes and continued reliance on apartment living. Forward-looking projections indicate additional household growth by 2028, expanding the local renter pool and supporting occupancy stability. Median home values are elevated in this submarket context, which typically sustains rental demand and lease retention for professionally managed assets. Rent-to-income metrics suggest some affordability pressure, underscoring the importance of revenue management and renewal strategies.
Schools in the broader area trend below national averages, which is common for dense urban cores and may concentrate demand among singles and roommates. Amenity access and employment connectivity are the primary draws here, aligning with urban renter preferences and supporting consistent traffic for renovated units.
Safety indicators are competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods and sit in the upper tiers nationally, according to WDSuite. Recent year-over-year trends show substantial decreases in both violent and property offenses, which, if sustained, would further support resident retention and leasing.
As with any urban-core location, conditions can vary block to block. The comparative trajectory matters most for investors: momentum toward fewer reported offenses improves the backdrop for tenant satisfaction and reduces friction at renewal.
Nearby entertainment, media, and corporate offices create a diversified employment base that supports renter demand and short commute times for a wide range of residents, including those working at Live Nation, Disney, Radio Disney, Avery Dennison, and Microsoft.
- Live Nation Entertainment — corporate offices (1.47 miles)
- Radio Disney — media (3.43 miles)
- Disney — entertainment (3.47 miles) — HQ
- Avery Dennison — manufacturing & materials (4.98 miles) — HQ
- Microsoft — technology (5.34 miles)
1950 Tamarind Ave offers an urban-core position with strong amenity access and a deep renter pool. Elevated ownership costs in the neighborhood tend to reinforce reliance on multifamily housing, and within a 3-mile radius, households are projected to increase, broadening the tenant base. According to WDSuite’s commercial real estate analysis, neighborhood occupancy trends have been softer than national norms, which puts a premium on asset-level leasing execution and renovation programs that drive renewal capture.
The 1974 vintage positions the asset ahead of much of the area’s older stock while still presenting value-add opportunities through modernization of interiors and building systems. Proximity to major employers across entertainment, media, and technology supports weekday occupancy and lease retention, while high-amenity context underpins long-term renter demand.
- Amenity-rich Hollywood location with strong daily-needs access supporting leasing velocity.
- Deep renter concentration locally and within 3 miles, indicating durable multifamily demand.
- 1974 construction offers competitive positioning versus older stock with clear value-add angles.
- Employment proximity across entertainment, media, and technology reinforces retention.
- Risk: Neighborhood occupancy is below national benchmarks, requiring focused leasing and renewal management.