| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2518 W 5th St, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 1996-08-08 |
| Transaction Price | $595,000 |
| Buyer | 2518 WEST 5TH STREET LP |
| Seller | INDVIK ROBERT |
2518 W 5th St Los Angeles Multifamily Opportunity
With a very high renter-occupied share in the surrounding neighborhood and steady occupancy, this urban-core location supports durable tenant demand, according to WDSuite’s CRE market data. Dense amenities and elevated ownership costs nearby further reinforce long-term multifamily leasing fundamentals.
Situated in Los Angeles’ Urban Core, the property benefits from a deep renter base and amenity density that support leasing stability. Neighborhood occupancy is in the upper half nationally, and the renter-occupied share is among the highest in the metro (rank 11 out of 1,441), indicating strong depth of prospective tenants for smaller-unit assets.
Amenity access is a clear strength: neighborhood rankings place groceries and pharmacies in the top quartile among 1,441 Los Angeles metro neighborhoods, with restaurants and cafes showing similarly strong availability (both near the top nationally). This mix typically supports retention and lease-up, especially for workforce and lifestyle renters who prioritize walkable daily needs.
The building’s 1986 vintage is newer than the neighborhood’s average construction year (1947). That positioning often enhances competitiveness versus older local stock while still leaving room for targeted modernization and systems upgrades that can unlock value-add returns.
Within a 3-mile radius, household counts increased over the last five years and are projected to grow further, even as average household size trends smaller. For investors, this suggests a steady or expanding renter pool and demand for efficient floor plans, which can support occupancy stability and sustained absorption.
Home values in the neighborhood are elevated relative to national norms, which tends to sustain reliance on rental housing and can bolster pricing power for well-maintained assets. At the same time, a higher rent-to-income ratio signals affordability pressure that warrants active lease management to preserve retention.
Education options benchmark below national averages on school ratings, and park access is limited, which may temper appeal for some family renters. Even so, the neighborhood’s overall rating (B) and amenity-dense footprint remain competitive among Los Angeles neighborhoods.
Safety indicators are mixed but improving in key areas. The neighborhood’s overall crime ranking is competitive among Los Angeles neighborhoods (rank 486 of 1,441) and sits around the 70th percentile nationally for safety, indicating comparatively better conditions than many urban cores.
Property offenses are near the national middle by level but have shown notable year-over-year improvement. Violent offense measures benchmark below national averages by percentile, so continued monitoring is prudent. Investors should evaluate recent trendlines and on-the-ground management practices as part of standard risk assessment, using neighborhood-level—not block-level—context.
Proximity to corporate employment anchors underpins renter demand through short commutes and diverse industry exposure, including commercial real estate services, technology, industrial metals, entertainment, and materials.
- CBRE Group — commercial real estate services (1.6 miles) — HQ
- Microsoft — technology (1.6 miles)
- Reliance Steel & Aluminum — metals & industrial (1.7 miles) — HQ
- Live Nation Entertainment — entertainment (4.6 miles)
- Avery Dennison — materials & packaging (6.6 miles) — HQ
This 24-unit, 1986-vintage asset sits in an amenity-rich Los Angeles urban core with a very high concentration of renter-occupied housing and occupancy levels above national midpoints. Elevated home values locally tend to sustain reliance on multifamily housing, supporting pricing power for well-kept properties. According to CRE market data from WDSuite, neighborhood amenity access ranks among the metro’s stronger clusters, which can aid retention and absorption for efficiently sized units.
Demographic data aggregated within a 3-mile radius show rising household counts historically and a forecast for continued growth alongside smaller average household sizes—trends that typically expand the tenant base for studios and one-bedrooms. The 1986 vintage is newer than much of the nearby stock, offering relative competitiveness and potential value-add upside via targeted renovations or system upgrades. Prudent underwriting should also account for affordability pressure (higher rent-to-income ratios), varying school quality, and the need to monitor safety by category.
- Amenity-dense urban core with top-quartile access to daily needs supports retention and leasing.
- Very high neighborhood renter concentration and solid occupancy underpin demand depth for smaller units.
- 1986 vintage is newer than local average, with room for targeted value-add and modernization.
- Elevated ownership costs nearby reinforce renter reliance, aiding pricing power for well-positioned assets.
- Risks: affordability pressure (higher rent-to-income), below-average school ratings, and category-specific safety trends warrant active management.