| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 33rd | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2326 W James M Wood Blvd, Los Angeles, CA, 90006, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2002 |
| Units | 62 |
| Transaction Date | 1996-08-26 |
| Transaction Price | $1,275,000 |
| Buyer | PACIFIC ASIAN CONSORTIUM IN EMPLOYMENT |
| Seller | G AND B INVESTMENT CO |
2326 W James M Wood Blvd Los Angeles Multifamily Investment
This 62-unit property built in 2002 operates in a dense rental market with 86.5% renter occupancy, ranking in the top 1% nationally for rental concentration according to CRE market data from WDSuite.
The property sits in an urban core neighborhood ranked 369th among 1,441 metro neighborhoods, earning an A- rating with exceptional amenity density. The area features 8.30 grocery stores per square mile (99th percentile nationally) and 42.43 restaurants per square mile (99th percentile), supporting strong tenant retention through walkable convenience.
With 86.5% of housing units renter-occupied—ranking in the top 1% nationally—the neighborhood demonstrates sustained rental demand. Current neighborhood-level occupancy sits at 91.9%, while median contract rents reached $1,385 with 45.6% growth over five years. Demographics within a 3-mile radius show 88.9% of households are renters, reinforcing the rental market foundation.
The 2002 construction year aligns closely with the neighborhood average of 1967, positioning the property competitively within the local building stock without immediate capital expenditure pressures. Home values averaging $775,263 (94th percentile nationally) create elevated ownership costs that sustain rental demand and support tenant retention across income segments.
Demographic projections within the 3-mile radius indicate household growth of 30.9% through 2028, expanding the potential tenant base. Forecast median household income is expected to rise 34.8% to $78,432, while median rents are projected to increase 31.3% to $1,910, suggesting sustained rental demand with improving tenant quality.
The neighborhood ranks 546th among 1,441 metro neighborhoods for overall crime metrics, placing it above the metro median at the 67th percentile nationally. Property offense rates show significant recent improvement, declining 74.1% year-over-year and ranking in the 96th percentile nationally for crime reduction trends.
Violent crime rates also demonstrate positive momentum, with an 89.9% year-over-year decrease that ranks in the 99th percentile nationally for improvement. While absolute crime levels remain a consideration for tenant screening and property management, the substantial downward trend indicates improving neighborhood conditions that support long-term occupancy stability.
The property benefits from proximity to major corporate headquarters and offices within the greater Los Angeles employment corridor, providing workforce housing opportunities for diverse professional tenant segments.
- CBRE Group — commercial real estate services (1.7 miles) — HQ
- Microsoft — technology offices (1.7 miles)
- Reliance Steel & Aluminum — industrial materials (1.8 miles) — HQ
- Live Nation Entertainment — entertainment services (4.8 miles)
- Disney — media & entertainment (7.5 miles) — HQ
This 62-unit property leverages Los Angeles's fundamental rental demand drivers, operating in a neighborhood with 86.5% renter occupancy that ranks in the top 1% nationally. The 2002 construction vintage positions the asset competitively within the local building stock while avoiding immediate capital expenditure pressures common in older properties. According to commercial real estate analysis from WDSuite, the neighborhood demonstrates strong occupancy stability at 91.9% with significant rent growth potential supported by projected 30.9% household growth through 2028.
The investment case centers on sustained rental demand reinforced by elevated home values ($775,263 median) that keep households in the rental market, combined with exceptional amenity density that supports tenant retention. Recent crime reduction trends (74.1% decrease in property offenses) and proximity to major employers including CBRE Group and Microsoft headquarters provide additional stability factors for long-term performance.
- Top 1% national ranking for renter concentration supports sustained demand
- 2002 construction avoids immediate capital expenditure needs
- 30.9% projected household growth expands tenant base through 2028
- Exceptional amenity density (99th percentile) enhances tenant retention
- Risk: High rent-to-income ratios (3rd percentile) may pressure renewals