| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 94th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2020 Dracena Dr, Los Angeles, CA, 90027, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2013 |
| Units | 23 |
| Transaction Date | 2011-03-18 |
| Transaction Price | $1,300,013 |
| Buyer | YEREVANIAN GREG KRIKOR |
| Seller | VILLAREAL JOSE H |
2020 Dracena Dr: Newer 23-Unit Los Angeles Multifamily
Neighborhood renter concentration is high and occupancy has been resilient at the neighborhood level, according to WDSuite’s CRE market data, supporting stable demand for a 2013-vintage asset in an Urban Core pocket of Los Angeles.
The property sits in an Urban Core neighborhood with an A+ rating and strong fundamentals for multifamily. The area ranks 42 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, indicating competitive positioning within the metro and top quartile nationally by several metrics. Neighborhood occupancy is 92.9% (neighborhood metric), modestly above national norms, and the share of housing units that are renter-occupied is high at 73.2% (neighborhood metric), pointing to a deep tenant base and consistent leasing velocity.
Amenity density is a clear advantage. Restaurants and cafes are abundant, with neighborhood measures in the 99th–100th national percentiles, and grocery and pharmacy options are also strong relative to national peers. Park access is limited within the immediate neighborhood, which may slightly temper family-oriented appeal, but nearby urban amenities and services help sustain renter appeal and day-to-day convenience.
Housing context supports multifamily demand. Neighborhood home values are elevated (99th percentile nationally), a high-cost ownership environment that tends to reinforce reliance on rental housing and can aid retention for well-managed units. At the same time, the neighborhood’s rent-to-income ratio sits below national pressure points, suggesting room for disciplined pricing without excessive affordability pressure in this submarket context (neighborhood metric).
Demographics aggregated within a 3-mile radius show stable to slightly mixed signals: population has been roughly flat over the past five years while household counts edged higher and are projected to increase further alongside smaller average household sizes. Income levels have risen and are forecast to continue increasing, which can expand the renter pool for professionally managed communities and support occupancy stability over the medium term.
Vintage also supports competitive positioning: the asset’s 2013 construction compares favorably to a neighborhood average year built around 1960, offering a relative edge versus older stock. Investors should still plan for ongoing system upkeep and selective modernization to maintain positioning against newer deliveries in the broader LA market.
Safety indicators are comparatively favorable for an urban Los Angeles location. The neighborhood ranks 433 out of 1,441 metro neighborhoods for overall crime, which is competitive among Los Angeles-Long Beach-Glendale neighborhoods, and sits in the 73rd percentile nationally. Recent trends show notable improvement: neighborhood violent offense rates and property offense rates have moved down year over year, with declines that outpaced national trends. As with any dense urban submarket, prudent property-level security and resident engagement remain part of operating best practices.
Proximity to major corporate offices supports commuter convenience and a diversified renter base, with concentration in entertainment, technology, and professional services. The nearby employment nodes listed below contribute to leasing durability for workforce and professional tenants.
- Live Nation Entertainment — entertainment (3.1 miles)
- Avery Dennison — materials & packaging (3.9 miles) — HQ
- Disney — media & entertainment (3.9 miles) — HQ
- Microsoft — technology offices (4.4 miles)
- CBRE Group — commercial real estate services (4.5 miles) — HQ
This 23-unit asset, built in 2013, benefits from a deep neighborhood renter base and strong amenity access that underpin leasing stability. Elevated neighborhood home values reinforce renter reliance on multifamily, while neighborhood occupancy remains solid for the metro. Relative to the area’s older building stock, the property’s newer vintage provides competitive appeal, with ongoing opportunities for targeted upgrades to sustain rent positioning.
Based on commercial real estate analysis informed by WDSuite’s CRE market data, the neighborhood shows high renter-occupied share, strong national amenity percentiles, and improving safety trends. Three-mile demographics indicate rising incomes and an expanding household count alongside smaller household sizes, which supports a larger tenant base and retention for professionally managed units. Key watch items include limited park amenities nearby and typical Urban Core operating considerations.
- 2013 vintage competes well versus older local stock, with selective modernization potential
- High neighborhood renter concentration and solid occupancy support demand durability
- Dense amenity cluster (food, cafes, services) bolsters leasing and retention
- Household and income growth within 3 miles expand the tenant pool over time
- Risks: limited park access, Urban Core operations, and the need for ongoing security best practices