| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 93rd | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2211 Griffith Park Blvd, Los Angeles, CA, 90039, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1978 |
| Units | 22 |
| Transaction Date | 1999-05-24 |
| Transaction Price | $1,950,000 |
| Buyer | GRIFFITH PE LLC |
| Seller | TREBOR HOLDINGS GRIFFITH LP |
2211 Griffith Park Blvd, Los Angeles — Multifamily Investment Profile
Positioned in an inner-suburb pocket of Los Angeles with elevated home values and competitive amenities, the surrounding neighborhood shows steady renter demand and generally stable occupancy, according to WDSuite’s CRE market data. These indicators reflect neighborhood conditions, not property-level performance.
The property sits in an Inner Suburb neighborhood rated A and ranked 183 of 1,441 within the Los Angeles-Long Beach-Glendale metro, indicating it is competitive among Los Angeles-Long Beach-Glendale neighborhoods. Parks and open space access are a relative strength (top tier nationally), with restaurants and grocery options also comparing favorably to national norms. Childcare availability is strong, supporting daily-life convenience for residents. Cafe and pharmacy density is lighter within the immediate neighborhood, so daily needs are mostly met through grocers, eateries, and nearby services.
Renter demand is reinforced by a high-cost ownership landscape in the neighborhood and across the broader city. At the neighborhood level, advertised rents sit toward the high end nationally and have grown meaningfully over the last cycle, while neighborhood occupancy has held near the national midrange. These are neighborhood metrics, not property performance, and they suggest balanced leasing conditions for well-positioned assets.
Within a 3-mile radius, data aggregated by WDSuite indicates a predominantly renter-occupied housing stock (roughly four out of five housing units are renter-occupied), providing a deep tenant base for multifamily. Over the past five years, total households in this radius increased while average household size decreased, a combination that can expand the renter pool and support occupancy stability even as overall population edged lower. Forward-looking projections continue to show growth in households and rising incomes in the area, which can underpin leasing velocity and retention for quality properties.
Built in 1978, the asset is newer than the neighborhood’s average vintage, which can enhance competitive positioning versus older stock. Given its age, investors should still anticipate selective modernization or system updates as part of capital planning, with potential to capture value through renovations and interior refreshes where marketable.
Safety metrics for the neighborhood compare favorably versus many peer areas in Los Angeles, with overall crime conditions performing above the national median. Recent WDSuite indicators show year-over-year declines in both property and violent offenses, pointing to an improving trend. These are neighborhood-level measures and should be paired with on-the-ground diligence for block-by-block variability.
Within the metro context, the neighborhood ranks in the stronger half among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, reinforcing its positioning as a comparatively stable location for workforce and professional renters. As always, investors should evaluate site-specific security measures and lighting, and align leasing strategies with observed patterns on the immediate streetscape.
Nearby employment includes technology, commercial real estate services, industrial metals, packaging and labels, and entertainment, supporting a diverse commuter base and sustained renter demand. Specifically, the area is proximate to Microsoft, CBRE Group, Reliance Steel & Aluminum, Avery Dennison, and Disney.
- Microsoft — technology (3.5 miles)
- CBRE Group — commercial real estate services (3.5 miles) — HQ
- Reliance Steel & Aluminum — metals & distribution (3.6 miles) — HQ
- Avery Dennison — packaging & labels (4.0 miles) — HQ
- Disney — entertainment (4.9 miles) — HQ
2211 Griffith Park Blvd offers investors exposure to a high-cost Los Angeles neighborhood where renter demand is supported by elevated home values, strong amenities, and a deep 3-mile renter pool. Neighborhood occupancy has trended around the national midrange with resilience through recent cycles, and rents are positioned toward the upper tier nationally, according to CRE market data from WDSuite. Built in 1978, the 22-unit, larger-format property is newer than the area’s average vintage, suggesting relative competitiveness versus older stock while also presenting room for targeted modernization to drive rent premiums.
Demographic trends within a 3-mile radius show more households even as average household size declines, which can expand the renter base and support leasing stability. Combined with proximity to diverse employment nodes in technology, entertainment, and corporate services, the asset’s location supports steady absorption and retention while selective upgrades can unlock value.
- High-cost ownership market supports sustained multifamily demand and pricing power
- Deep 3-mile renter concentration and rising household counts support occupancy stability
- 1978 vintage enables value-add through targeted modernization while competing well against older stock
- Risks: modest population slippage and lighter immediate cafe/pharmacy density; active lease management and amenity upgrades can mitigate