| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 46th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2501 S West View St, Los Angeles, CA, 90016, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1986 |
| Units | 37 |
| Transaction Date | 2021-09-17 |
| Transaction Price | $9,600,000 |
| Buyer | WEST VIEW ADAMS APARTMENTS LLC |
| Seller | SILCOTT JAMES E |
2501 S West View St, Los Angeles Multifamily Investment
Neighborhood occupancy trends are steady and renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data. Positioned near major employment nodes, the asset benefits from an urban core location that supports leasing stability.
Located in Los Angeles’s Urban Core, the neighborhood carries a B- rating and performs above the metro median overall (ranked 710 among 1,441 metro neighborhoods). The local occupancy rate is about 94%, indicating durable renter demand at the neighborhood level rather than the property specifically.
Retail and daily-needs access is a relative strength: grocery, pharmacy, and park access sit in the mid-to-high national percentiles, while restaurants are above average. Café density and childcare options are thinner, which can affect convenience for certain renter cohorts. Average school ratings trend below national norms, which is relevant for family-oriented leasing strategies.
Home values in the neighborhood are elevated (near the top of national comparisons), which generally sustains reliance on rental housing. Rent-to-income metrics indicate comparatively manageable tenant affordability, supporting retention and lease management. Within a 3-mile radius, demographics show a recent population dip but a projected return to growth with an increase in households and smaller average household sizes—factors that typically expand the renter pool and support occupancy stability.
The property’s 1986 construction is newer than the neighborhood’s older housing stock (average vintage mid-20th century). This positioning can be competitive versus prewar and postwar assets, while investors should still plan for system updates and selective renovations to enhance unit finishes and operating resilience over the hold.
Safety indicators are mixed but improving in context. The neighborhood’s overall crime standing is above the metro median (ranked 458 among 1,441 in the Los Angeles metro) and sits in the stronger half nationally. Property and violent offense estimates both show notable year-over-year declines, placing recent trend improvements in the top tier compared with neighborhoods nationwide. These are neighborhood-level readings and should be paired with property-specific diligence.
Proximity to entertainment, technology, and professional services employers supports commuter convenience and broad white-collar renter demand. The nearby base includes Activision Blizzard Studios, Live Nation Entertainment, Symantec, AECOM, and CBRE Group.
- Activision Blizzard Studios — entertainment & gaming (3.77 miles)
- Live Nation Entertainment — live entertainment (3.79 miles)
- Symantec — cybersecurity (3.92 miles)
- Live Nation Entertainment — live entertainment (HQ) (4.02 miles) — HQ
- AECOM — engineering & infrastructure (4.31 miles) — HQ
This 37-unit asset built in 1986 offers a competitive vintage relative to much older neighborhood stock, creating a practical value-add and durability profile versus prewar assets. Neighborhood occupancy around the mid-90s and a high renter-occupied share indicate depth in the tenant base, while elevated home values in Los Angeles help sustain rental demand and support lease retention. Based on commercial real estate analysis from WDSuite, local rent-to-income conditions appear comparatively manageable, reinforcing near-term collections and renewal strategies.
Within a 3-mile radius, forecasts point to household growth and smaller household sizes, which typically expand the renter pool and help stabilize occupancy. Access to major employers across entertainment, technology, and professional services adds leasing tailwinds, while the property’s average unit size of roughly 775 square feet aligns with conventional layouts that can be modernized to capture rent premiums through targeted upgrades.
- Newer 1986 vintage versus neighborhood average, with potential to outperform older local stock
- Neighborhood occupancy near mid-90s supports income stability and renewal potential
- High-cost ownership market reinforces multifamily demand and pricing power
- Nearby employment nodes in entertainment, tech, and professional services support leasing
- Risks: below-average school ratings and thinner café/childcare options; 1980s systems may require capex