| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 65th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 215 S Occidental Blvd, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
215 S Occidental Blvd Los Angeles Urban-Core Multifamily
Positioned in a high-amenity Urban Core pocket of Los Angeles, the asset benefits from a deep renter base and strong neighborhood fundamentals, according to WDSuite’s CRE market data. Nearby conveniences and employment nodes support steady demand, though lease-up and retention strategies should account for softer neighborhood occupancy versus metro norms.
This A-rated Urban Core neighborhood is competitive among Los Angeles-Long Beach-Glendale neighborhoods (101 of 1,441), with amenity density that ranks among the strongest nationally. Cafes, groceries, restaurants, parks, and pharmacies score in the upper percentiles across the U.S., reinforcing lifestyle appeal that supports leasing and renewals.
Renter-occupied housing accounts for an estimated 81.3% of units in the neighborhood, indicating a deep tenant base and resilient multifamily demand. While the neighborhood's occupancy has trended below the metro average in recent years, elevated renter concentration typically supports absorption and reduces downtime between turns when managed proactively.
Within a 3-mile radius, households have grown even as total population edged lower and average household size declined, signaling smaller households and an expanding renter pool that can support occupancy stability. Median incomes have been rising locally, and neighborhood NOI per unit performs in the top quintile nationally, suggesting operational strength relative to many U.S. submarkets.
Ownership is a high-cost proposition here, with home values well above national norms and value-to-income ratios elevated; this context tends to sustain reliance on rental housing and can support pricing power for well-positioned properties. School options average around the middle of the pack locally, adequate for workforce demand profiles. These dynamics, combined with proximity to major employment centers, form a solid base for commercial real estate analysis without relying on outsized growth assumptions.
Neighborhood safety indicators are above the national median overall, with recent year-over-year declines in both violent and property offenses. Compared with neighborhoods nationwide, the area sits in a favorable percentile range for overall crime and has shown notable improvement over the past year, supporting day-to-day livability and leasing confidence.
At the metro level, safety can vary block to block in Urban Core locations; investors should underwrite to property-level security and lighting enhancements while noting that the neighborhood's national standing is stronger than many peer urban districts. The recent downward trend adds incremental support for resident retention without overstating block-specific conditions.
Proximity to major employers underpins commuter convenience and supports renter demand, led by real estate services, technology, metals distribution, and entertainment firms located within a short radius.
- CBRE Group — corporate offices (2.0 miles) — HQ
- Microsoft — technology (2.0 miles)
- Reliance Steel & Aluminum — metals distribution (2.1 miles) — HQ
- Live Nation Entertainment — entertainment (4.2 miles)
- Avery Dennison — corporate offices (6.2 miles) — HQ
Built in 1987, the 39-unit property is newer than much of the surrounding stock, positioning it competitively against older assets while leaving room for targeted updates to major systems and common areas. Based on CRE market data from WDSuite, the neighborhood combines top-tier amenity access and a deep renter pool with occupancy that has run below metro averages, favoring experienced operators who can drive retention and optimize lease management.
Within a 3-mile radius, households are increasing and average household size is declining, pointing to a larger renter base over time. Elevated ownership costs in the neighborhood reinforce reliance on multifamily housing, while neighborhood NOI per unit trends in the upper national tiers, supporting the case for steady long-term operations with prudent capital planning.
- Competitive 1987 vintage versus older area stock, with selective value-add potential
- Deep renter base and strong amenity access support demand and renewals
- Elevated ownership costs sustain renter reliance, aiding pricing power
- Household growth and smaller household sizes within 3 miles expand the tenant pool
- Risk: Neighborhood occupancy trails metro norms; active lease management and asset-level improvements are key