| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 79th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2440 S Barrington Ave, Los Angeles, CA, 90064, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1973 |
| Units | 41 |
| Transaction Date | 2003-03-14 |
| Transaction Price | $5,100,000 |
| Buyer | Sterling Family Trust |
| Seller | Barrington-Ayres LP |
2440 S Barrington Ave Los Angeles Multifamily Investment
Neighborhood occupancy is firm and renter-occupied housing is prevalent, suggesting durable leasing fundamentals in West LA, according to WDSuite’s CRE market data. Elevated ownership costs in the area support sustained apartment demand and retention.
This Urban Core neighborhood ranks in the top quartile among 1,441 metro neighborhoods (overall grade A), signaling competitive fundamentals for multifamily relative to the Los Angeles-Long Beach-Glendale metro. Occupancy at the neighborhood level is above national norms and has edged higher over five years, while a high share of renter-occupied units indicates depth in the tenant base that can support leasing stability.
Local livability supports renter demand: amenity access is strong nationally (restaurants and groceries track in the mid-to-high 90s percentiles), and cafes are abundant for West LA standards. Average school ratings are mixed near the national midpoint, which may weigh less for studios/one-bed demand but is worth monitoring for family-oriented unit mixes.
For investors, the ownership landscape matters: neighborhood home values sit in the 99th national percentile, a high-cost ownership market that tends to sustain reliance on rental housing and can bolster pricing power and retention strategies. At the same time, rent-to-income sits comparatively low versus many coastal submarkets, which can moderate affordability pressure and support lease management.
Demographic trends within a 3-mile radius show a smaller average household size and a projected increase in households over the next five years, pointing to a larger renter pool and support for occupancy. Neighborhood NOI per unit trends rank high nationally, indicating competitive income performance versus peer areas, though asset-specific execution and vintage will drive realized outcomes.
The property’s 1973 vintage is older than the neighborhood’s average construction year (1981), suggesting potential value-add and capital planning opportunities to modernize systems and finishes, improve energy efficiency, and enhance competitive positioning against newer stock.
Safety indicators are mixed but improving when viewed against metro and national comparatives. The neighborhood performs modestly better than the national midpoint overall, and recent year-over-year declines in both property and violent offense estimates point to meaningful improvement momentum.
In practical terms for investors, this translates to conditions that are competitive among Los Angeles neighborhoods with recent trend improvement, rather than a top-decile outlier. Continued monitoring of local statistics and property-level measures (lighting, access control, and community engagement) can help sustain tenant retention and leasing velocity.
Proximity to major corporate offices underpins renter demand, with strong representation from gaming, energy, engineering, healthcare, and media/entertainment employers that support commute convenience and weekday leasing stability. Featured nearby employers include Activision Blizzard, Occidental Petroleum, AECOM, Abbott Laboratories, and Activision Blizzard Studios.
- Activision Blizzard — gaming & media (0.9 miles) — HQ
- Occidental Petroleum — energy (2.0 miles) — HQ
- AECOM — engineering & infrastructure (2.5 miles) — HQ
- Abbott Laboratories — healthcare (3.1 miles) — HQ
- Activision Blizzard Studios — media production (3.6 miles)
2440 S Barrington Ave (41 units; average unit size ~707 sq. ft.) is positioned in a top-quartile Los Angeles neighborhood for multifamily fundamentals. Neighborhood occupancy is solid and the share of renter-occupied housing is high, reinforcing demand depth and supporting leasing stability. Elevated for-sale home values in the area further sustain reliance on rental housing, while the rent-to-income profile indicates comparatively manageable affordability pressure for many tenants. According to CRE market data from WDSuite, these conditions have coincided with strong neighborhood-level income performance versus peers.
The 1973 vintage is older than the neighborhood average construction year, creating clear value-add angles: modernization of building systems, unit interior upgrades, and curb appeal can strengthen competitive positioning against newer assets. Within a 3-mile radius, projections point to growth in households and higher incomes over the next five years alongside smaller household sizes—factors that typically expand the renter pool and support occupancy and rent integrity when paired with disciplined operations.
- Top-quartile neighborhood within the Los Angeles metro supports durable multifamily demand
- Strong renter concentration and high ownership costs reinforce tenant base and pricing power
- 1973 vintage presents value-add potential via modernization and operational enhancements
- 3-mile demographics indicate rising households and incomes, supporting occupancy and rent growth
- Risks: aging physical plant, mixed school ratings, and macro exposure to local employer cycles