| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 47th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 212 S Normandie Ave, Los Angeles, CA, 90004, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1979 |
| Units | 33 |
| Transaction Date | 2009-02-28 |
| Transaction Price | $625,500 |
| Buyer | LAM DONNA F |
| Seller | WEISS HENRY |
212 S Normandie Ave Los Angeles Multifamily Investment
Positioned in an Urban Core pocket with durable renter demand, the surrounding neighborhood’s occupancy has held in the low-90% range with rising stability, according to WDSuite’s CRE market data. High renter concentration and strong daily amenity access underpin leasing resilience for a 33‑unit asset.
Located in Los Angeles‑Long Beach‑Glendale, CA, the neighborhood carries an A‑ rating and is competitive among Los Angeles‑Long Beach‑Glendale neighborhoods (ranked 370 of 1,441). Amenity access is a clear strength, placing the area in the top quartile nationally for overall amenities and supporting day‑to‑day convenience for renters.
Restaurants and grocery options rank in the 99th percentile nationally, and pharmacies are likewise dense; cafés and childcare access also sit well above national medians. The primary trade‑off is limited park acreage nearby, so outdoor recreation often relies on regional assets rather than immediate walkable green space.
The building, constructed in 1979, is newer than the neighborhood’s average vintage (1955). For investors, that relative youth can provide a competitive edge versus older stock, while capital plans should still anticipate system modernization and targeted value‑add to meet current renter expectations.
Renter‑occupied share is high in this neighborhood, indicating a deep tenant base for multifamily. Neighborhood occupancy is 92.4% with modest improvement over the past five years—an area‑level signal that suggests steady leasing fundamentals rather than property‑specific performance. Average school ratings trend slightly above national medians, adding baseline family‑oriented appeal within an Urban Core context.
Demographic statistics aggregated within a 3‑mile radius show a slight population dip alongside growth in household count and shrinking average household sizes. For multifamily investors, this typically points to a larger tenant base over time and supports occupancy stability, provided unit mix and interior standards align with evolving household compositions.
Neighborhood‑level safety indicators are mixed but trending positively. Compared with neighborhoods nationwide, the area sits around the 75th percentile for overall crime, a favorable national standing. Within the Los Angeles‑Long Beach‑Glendale metro (1,441 neighborhoods), the neighborhood is competitive rather than at either extreme.
Recent data also shows notable year‑over‑year improvement in both property and violent offense rates, suggesting positive momentum. These are neighborhood‑level patterns rather than block‑specific conditions, so investors should pair them with current comps and on‑the‑ground diligence when underwriting.
Nearby corporate offices support a strong commuter renter base and help sustain leasing, with roles spanning real estate services, technology, metals distribution, entertainment, and gaming. The employers below anchor daytime populations and provide diverse wage bands relevant to workforce and professional renters.
- CBRE Group — real estate services (2.99 miles) — HQ
- Microsoft — technology (3.01 miles)
- Reliance Steel & Aluminum — metals distribution (3.09 miles) — HQ
- Live Nation Entertainment — entertainment (5.64 miles) — HQ
- Activision Blizzard Studios — gaming & media (5.72 miles)
212 S Normandie Ave provides exposure to an Urban Core location with dense amenities, a high renter‑occupied share, and neighborhood occupancy in the low‑90% range—factors that support steady leasing. Elevated home values in the area sustain reliance on multifamily housing, aiding rent durability and retention. Based on CRE market data from WDSuite, the property’s 1979 vintage is newer than the neighborhood average, offering relative competitiveness versus older stock while allowing room for targeted renovations to capture value‑add upside.
Within a 3‑mile radius, household counts have increased and are projected to climb further as average household size declines, effectively expanding the renter pool. Underwriting should account for affordability pressure (given higher rent‑to‑income dynamics), limited immediate park access, and typical modernization needs consistent with late‑1970s construction. Taken together, amenity density, access to major employers, and a deep renter base support a durable long‑term thesis for this 33‑unit multifamily asset.
- Urban Core setting with top‑tier daily amenities and high renter concentration supporting demand depth
- Neighborhood occupancy in the low‑90% range that supports leasing stability
- 1979 vintage newer than local average, enabling value‑add via system updates and finish upgrades
- Proximity to corporate anchors (real estate, tech, entertainment) bolsters commuter demand and retention
- Risks: affordability pressure, limited immediate park access, and capex for late‑1970s systems