| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 73rd | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2108 Fair Park Ave, Los Angeles, CA, 90041, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 37 |
| Transaction Date | 2005-09-06 |
| Transaction Price | $5,300,000 |
| Buyer | CARVAJAL LUIS S |
| Seller | 2108 FAIRPARK VILLA INC |
2108 Fair Park Ave Los Angeles Multifamily Investment
Neighborhood occupancy trends remain stable and renter demand is supported by a majority renter-occupied housing stock, according to WDSuite’s CRE market data. This positioning favors consistent leasing and retention for a mid-sized asset in a supply-constrained, infill Los Angeles location.
Located in Los Angeles 4Long Beach 14Glendale, the neighborhood scores A+ overall and is competitive among 1,441 metro neighborhoods, reflecting strong fundamentals for multifamily. The area offers deep amenity access restaurants and cafes rank in the top percentiles nationally and daily needs are well-covered with groceries, pharmacies, and parks also testing near the top quartile nationwide. For investors, this concentration of amenities typically supports leasing velocity and resident retention.
School quality stands at the top of metro rankings and the top percentile nationally, a differentiator that can bolster family-oriented renter demand and justify premium renewals relative to nearby submarkets. These education metrics are for the neighborhood, not the property, but they often correlate with stable occupancy and lower turnover for well-managed assets.
The neighborhood s housing stock is older on average (mid-20th century), while the subject property s 1989 vintage is newer than much of the local inventory. That positioning can be competitively advantageous versus pre-war buildings, though investors should still plan for system modernization and targeted common-area upgrades to meet current renter expectations.
Renter concentration is the majority of housing units, indicating a deep tenant base and durable demand for multifamily. Elevated home values (high-cost ownership market by national comparison) tend to reinforce reliance on rentals, while a moderate rent-to-income profile suggests manageable affordability pressure that can aid lease retention and pricing discipline.
Within a 3-mile radius, demographics indicate a slight decline in population alongside a small increase in households, with forecasts calling for additional household growth and smaller average household sizes. This points to a gradual renter pool expansion that can support occupancy stability even as population trends level off.
Relative to 1,441 Los Angeles area neighborhoods, local safety benchmarks test well, placing the area among stronger-performing cohorts in the metro and in the top quartile nationally. Recent year-over-year estimates show notable declines in both violent and property offenses, indicating improving conditions versus broader trends. These are neighborhood-level indicators and should be interpreted as directional context rather than block-level guarantees.
For multifamily investors, improving safety combined with solid amenity access often correlates with steadier tenancy and reduced turnover risk, particularly for well-maintained assets targeting long-term residents.
Proximity to corporate offices supports commuter convenience and a diversified renter base, with concentrations in media, technology, and corporate services reflected in the nearby employment nodes listed below.
- Avery Dennison corporate offices (2.9 miles) HQ
- CBRE Group corporate offices (6.2 miles) HQ
- Reliance Steel & Aluminum corporate offices (6.2 miles) HQ
- Microsoft corporate offices (6.1 miles)
- Disney corporate offices (6.6 miles) HQ
This 1989-vintage, mid-sized asset sits in a high-performing Los Angeles neighborhood with strong amenity density, top-tier school ratings, and a majority renter-occupied housing base all supportive of sustained renter demand and consistent occupancy. Newer relative to much of the surrounding housing stock, the property can compete effectively against older comparables while benefiting from neighborhood-level stability indicated by occupancy and income trends, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, households have inched higher and are projected to grow further as average household size trends smaller, which typically expands the renter pool and supports leasing. Elevated ownership costs locally tend to sustain renter reliance on multifamily, while a moderate rent-to-income backdrop provides room for disciplined renewal strategies. Investors should plan for targeted capital to modernize building systems and finishes to maintain competitive positioning over the hold.
- Amenity-rich, A+ neighborhood with top-percentile schools supports leasing velocity and renewals.
- 1989 vintage is newer than much of the local stock, offering a competitive edge with focused upgrades.
- Majority renter-occupied area and high-cost ownership market reinforce multifamily demand depth.
- Household growth and smaller household sizes within 3 miles point to a larger tenant base over time.
- Risks: population leveling in the trade area and capex for aging systems require active asset management.