| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 18th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2390 Portland St, Los Angeles, CA, 90007, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1979 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2390 Portland St, Los Angeles Multifamily Investment
Investor focus centers on strong renter demand in the surrounding neighborhood, where renter-occupied housing is prevalent and helps support leasing velocity, according to WDSuite’s CRE market data. Neighborhood occupancy metrics are measured for the area, not this property.
Positioned in an Urban Core pocket of Los Angeles-Long Beach-Glendale, the neighborhood shows amenity depth that is competitive among 1,441 metro neighborhoods and lands in the top quartile nationally. Grocery and restaurant counts rank in the upper national percentiles, and parks and cafes add daily convenience that can aid retention.
The local housing stock skews older than the metro average (neighborhood average year built is earlier than mid-century), while the subject’s 1979 vintage can be relatively competitive versus much older nearby product. For investors, that suggests potential value-add via modernization while avoiding some of the heavier system risk found in pre-war assets.
Unit tenure favors rentals at the neighborhood level, with a high share of renter-occupied housing units that deepens the prospective tenant base. At the same time, neighborhood occupancy sits near the middle of national comparisons, so execution around marketing and renewals remains important to maintain stability.
Within a 3-mile radius, recent commercial real estate analysis signals a stable population with an increase in households and a forecast for further household growth alongside smaller average household sizes. That mix typically expands the renter pool and supports occupancy durability, even if population growth is modest. Elevated home values and a high-cost ownership landscape locally tend to sustain reliance on multifamily rentals, but rent-to-income readings indicate affordability pressure that warrants disciplined lease management.
Safety indicators are mixed in a broader context. The neighborhood’s overall crime positioning is modestly better than the national midpoint (national percentile near the high-50s), while estimated violent and property offense rates sit below safer national percentiles. Notably, year-over-year trends point to meaningful declines in both violent and property offenses, suggesting recent improvement according to WDSuite’s data.
As with any Urban Core location, performance can vary block to block and over time. Investors typically account for lighting, access control, and on-site management practices as part of standard risk mitigation rather than relying solely on neighborhood-level statistics.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand through short commutes and retention. Key employers include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment (HQ), and AECOM (HQ).
- CBRE Group — corporate offices (2.15 miles) — HQ
- Microsoft — corporate offices (2.25 miles)
- Reliance Steel & Aluminum — corporate offices (2.25 miles) — HQ
- Live Nation Entertainment — corporate offices (7.29 miles) — HQ
- AECOM — corporate offices (7.95 miles) — HQ
With 38 units dating to 1979 and larger average floor plans, the asset sits in a rent-heavy Urban Core where neighborhood-level renter concentration is high and amenity access is strong. Based on CRE market data from WDSuite, the area’s occupancy runs around the national midpoint while renter demand is reinforced by a high-cost ownership market, pointing to stable leasing potential with prudent pricing.
Neighborhood demographics within a 3-mile radius show steady population levels alongside growth in households and a forecast for additional household gains as average household size declines—dynamics that can expand the tenant base and support occupancy stability. The 1979 vintage may create value-add opportunity through interior updates and system modernization to differentiate from older nearby stock, while affordability pressure suggests attention to renewal strategy and concessions during softer periods.
- Urban Core location with top-quartile amenity access that supports retention
- High neighborhood renter concentration provides depth of demand
- 1979 vintage offers value-add potential versus much older local stock
- Household growth within 3 miles expands the renter pool and supports occupancy
- Risk: mid-pack neighborhood occupancy and affordability pressure require disciplined pricing and renewals