| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 56th | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 226 S Serrano Ave, Los Angeles, CA, 90004, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 21 |
| Transaction Date | 2021-02-22 |
| Transaction Price | $5,400,000 |
| Buyer | PARALLAX PROPERTIES LLC |
| Seller | STARK LIVING TRUST |
226 S Serrano Ave Los Angeles Multifamily Investment
Renter demand is deep in this Urban Core pocket, with a very high neighborhood share of renter-occupied housing supporting leasing stability, according to WDSuite’s CRE market data. Near-term performance is underpinned by strong amenity access and proximity to job centers, while pricing should consider local affordability pressures.
This Urban Core neighborhood scores A- and is top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, per WDSuite. The immediate area offers dense retail and daily-needs access: restaurants and cafes rank among the highest in the metro (e.g., cafes at 9th of 1,441 and restaurants at 7th of 1,441), which supports renter convenience and tenant retention. Grocery and pharmacy density also place in the top national tier, reinforcing walkable living.
The renter-occupied share is very high at the neighborhood level (near the top nationally), indicating a deep multifamily tenant base and durable demand for units. Neighborhood occupancy trends sit around the national middle, suggesting stable, competitive leasing rather than outsized volatility. Median home values are elevated (around the 95th percentile nationally), a high-cost ownership backdrop that generally sustains reliance on rental housing and supports pricing power for well-positioned apartments.
Within a 3-mile radius, households have increased in recent years and are projected to grow further, even as population trends modestly contract — a signal of smaller household sizes and a broadening renter pool. Forward-looking income projections also rise within this radius, which can support rent growth and upgrade demand, though effective rent strategies should weigh local rent-to-income dynamics.
Average neighborhood construction skews older than this 1987 asset (area average 1976). Being newer than much of the local stock can be a competitive edge on systems and layouts; investors should still plan for modernization of common areas and in-unit finishes to capture value-add upside.
Public schools in the neighborhood track near the national midpoint, while park access is limited within the immediate area. The amenity mix is therefore more urban and private-market driven (cafes, restaurants, groceries, services), which tends to align with workforce and professional renter profiles seeking short commutes and walkable conveniences.
Safety indicators point to an overall environment that performs above national averages, with neighborhood crime levels in the stronger range nationally (around the 73rd percentile for safety per WDSuite). Violent incidents track near the national midpoint, while property offenses read closer to national averages but have improved materially year over year.
At the metro level, the neighborhood’s crime rank sits in a more favorable position compared with many Los Angeles peers, and WDSuite data shows sharp one-year declines in both violent and property offense estimates. Investors should interpret these trends as constructive for tenant retention and leasing, while continuing standard asset-level security and lighting enhancements common to urban properties.
Proximity to major employers supports a steady renter base seeking commute convenience. Notable nearby corporate offices include Live Nation Entertainment, CBRE Group, Microsoft, Reliance Steel & Aluminum, and Activision Blizzard Studios.
- Live Nation Entertainment — corporate offices (3.0 miles)
- CBRE Group — corporate offices (3.3 miles) — HQ
- Microsoft — corporate offices (3.3 miles)
- Reliance Steel & Aluminum — corporate offices (3.4 miles) — HQ
- Activision Blizzard Studios — corporate offices (5.4 miles)
226 S Serrano Ave is positioned for durable renter demand in a high-density Los Angeles Urban Core location. The neighborhood is top quartile in the metro, enjoys exceptional food-and-beverage and daily-needs access, and maintains a very high renter concentration that deepens the tenant base. Elevated ownership costs in the area further reinforce reliance on multifamily housing, while neighborhood occupancy performs around national mid-range levels, indicating competitive stability. According to CRE market data from WDSuite, NOI per unit trends locally fall in the top quartile nationally, supporting the case for steady income performance with thoughtful operations.
Built in 1987, the asset is newer than the area’s average vintage and represents a practical platform for targeted value-add: modernizing interiors, refreshing common areas, and addressing aging systems as needed can enhance leasing velocity and capture rent premiums. Within a 3-mile radius, household counts are rising with projections calling for further growth and higher incomes, which supports a larger tenant base and potential for quality upgrades — though rent-to-income levels require calibrated pricing and renewal strategies.
- High renter concentration and strong amenity density support leasing stability
- Elevated ownership costs bolster multifamily demand and pricing power
- 1987 vintage offers value-add through modernization and system updates
- Top-quartile NOI per unit locally underscores income resilience (per WDSuite)
- Risks: affordability pressure (rent-to-income), limited park access, and typical urban safety considerations