| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 47th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 235 S Harvard Blvd, Los Angeles, CA, 90004, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | 2007-04-24 |
| Transaction Price | $5,734,000 |
| Buyer | STERLING DONALD T |
| Seller | STROE MIGUEL |
235 S Harvard Blvd Los Angeles Multifamily Investment
High renter concentration and steady neighborhood occupancy support durable leasing, according to WDSuite’s CRE market data, with elevated ownership costs in Los Angeles reinforcing reliance on rental housing.
This Urban Core location in Los Angeles ranks 370 out of 1,441 metro neighborhoods, making it competitive among Los Angeles-Long Beach-Glendale neighborhoods. Dense amenities underpin renter appeal: grocery, restaurant, and pharmacy access track near the top of national comparisons, while park access is limited. Average school ratings sit modestly above national norms, which can aid retention for family renters.
The neighborhood exhibits a high share of renter-occupied housing units, indicating a deep tenant base that tends to support occupancy stability across cycles. Median contract rents benchmark above national levels (around the 80th percentile), signaling pricing power relative to many U.S. neighborhoods; however, investors should balance this with lease management to maintain retention as rents outpace incomes in some cohorts.
Property vintage matters here. Built in 1972, the asset is newer than the area’s average construction year (1955). That positioning can offer a competitive edge versus older stock, while still warranting capital planning for systems modernization and targeted value-add to meet current renter expectations.
Demographics aggregated within a 3-mile radius show slight population contraction over the last five years alongside an increase in households, pointing to smaller household sizes and a broader pool of renters. Looking ahead, households are projected to grow further even as population trends remain flat-to-down, which generally supports occupancy and leasing velocity. In a high-cost ownership market (home values sit in the upper national percentiles), multifamily properties tend to benefit from sustained renter demand and potential pricing resilience, based on CRE market data from WDSuite.
Compared with neighborhoods nationwide, the area scores around the 75th percentile for safety, indicating better-than-average conditions in a national context. Within the Los Angeles-Long Beach-Glendale metro, its crime ranking places it competitive among 1,441 neighborhoods, rather than at either extreme.
Recent trends show notable year-over-year declines in both property and violent offense estimates, according to WDSuite’s CRE market data. While localized conditions can vary block to block, the directional improvement is a constructive signal for long-term owners evaluating tenant retention and operating risk.
Proximity to a diverse employment base supports renter demand and commute convenience, with nearby offices across entertainment, real estate services, software, metals distribution, and gaming.
- Live Nation Entertainment — entertainment offices (3.1 miles)
- CBRE Group — real estate services (3.2 miles) — HQ
- Microsoft — software (3.2 miles)
- Reliance Steel & Aluminum — metals & distribution (3.3 miles) — HQ
- Activision Blizzard Studios — gaming & media (5.5 miles)
235 S Harvard Blvd offers exposure to an amenity-rich Urban Core submarket where renter demand is reinforced by high-cost homeownership and a deep base of renter-occupied units. Occupancy in the surrounding neighborhood has remained stable, and household counts within a 3-mile radius have increased even as population edged down, supporting a broader tenant base and sustained leasing. According to CRE market data from WDSuite, local rents benchmark above national levels, suggesting pricing power when paired with disciplined lease management.
Constructed in 1972, the property is newer than much of the area’s housing stock, which can offer a competitive edge versus older buildings while still presenting opportunities for value-add upgrades and systems modernization. Key watchpoints include affordability pressure relative to incomes and the need to maintain retention as rents rise.
- Amenity-dense Urban Core location with strong national standings for daily-needs access, supporting tenant retention.
- High renter-occupied concentration and stable neighborhood occupancy underpin demand depth and leasing durability.
- 1972 vintage is newer than the area average, enabling competitive positioning plus targeted value-add potential.
- Household growth within 3 miles broadens the renter pool, supporting occupancy and pricing power over time.
- Risk: elevated rent-to-income dynamics and limited park access require active lease management and amenity strategy.