| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 83rd | Best |
| Amenities | 42nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2600 Overland Ave, Los Angeles, CA, 90064, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2600 Overland Ave Los Angeles Multifamily Investment
This 73-unit property benefits from strong neighborhood fundamentals including top-tier school ratings and high-income demographics within a rental-dominant market, according to CRE market data from WDSuite.
Located in Los Angeles County's inner suburban market, this neighborhood demonstrates compelling investment characteristics with a median household income of $218,849 ranking in the top quartile among 1,441 metro neighborhoods. The area maintains strong rental demand fundamentals, with renter-occupied units comprising 12.5% of the housing stock in a market where elevated home values of nearly $2 million reinforce rental demand by keeping potential buyers in the multifamily market.
The neighborhood's demographic profile supports stable tenant retention, with 36.1% of residents holding bachelor's degrees, ranking in the 93rd national percentile. School quality stands out as exceptional, with an average rating of 5.0 out of 5.0, ranking first among all metro neighborhoods and providing a key tenant attraction factor for families. Built in 1987, the property aligns with the neighborhood's average construction year of 1955, offering potential value-add opportunities through strategic capital improvements in an established area.
Within a 3-mile radius, demographics show household income growth of 35.7% over five years, with projections indicating continued expansion through 2028. The area's rent-to-income ratio of 0.12 suggests manageable affordability for the high-earning tenant base, supporting lease retention and renewal rates. While neighborhood-level occupancy has experienced some softening to 88.6%, this remains competitive within the broader Los Angeles market context.
Safety metrics indicate a favorable security environment for the neighborhood, with violent crime rates ranking in the top quartile among 1,441 metro neighborhoods at 118th place. Property crime rates also demonstrate relative strength, ranking 263rd metro-wide and placing in the 65th national percentile. Notably, both violent and property crime have shown significant year-over-year declines of 94.9% and 84.9% respectively, suggesting improving conditions that support tenant retention and leasing appeal.
The overall crime ranking of 65th among metro neighborhoods places this location in the 88th national percentile, indicating substantially lower crime rates compared to neighborhoods nationwide. These safety fundamentals contribute to the area's appeal for families and professionals, supporting the stable tenant base that multifamily investors typically seek.
The property benefits from proximity to major corporate headquarters and offices that anchor the local employment base and support workforce housing demand.
- AECOM — engineering & construction services (1.4 miles) — HQ
- Occidental Petroleum — energy & oil services (1.9 miles) — HQ
- Activision Blizzard — gaming & entertainment (2.2 miles) — HQ
- Live Nation Entertainment — entertainment & events (2.8 miles) — HQ
- Abbott Laboratories — healthcare & pharmaceuticals (4.4 miles) — HQ
This 73-unit property presents a compelling opportunity within Los Angeles County's high-income corridor, where strong demographic fundamentals and corporate employment clusters support sustained rental demand. The neighborhood's exceptional school ratings, top-quartile household incomes, and proximity to major corporate headquarters create an attractive tenant profile for long-term occupancy stability. Based on multifamily property research from WDSuite, the area's rent-to-income dynamics and elevated ownership costs reinforce the rental market's competitive position.
Built in 1987, the property offers value-add potential through strategic improvements while benefiting from an established location with mature amenities and infrastructure. Projected household growth and income expansion through 2028 indicate continued demand drivers, though investors should monitor neighborhood-level occupancy trends and potential competition from new supply in the broader Los Angeles market.
- Top-quartile household incomes and exceptional school ratings support premium tenant attraction
- Proximity to major corporate headquarters provides employment stability and workforce housing demand
- 1987 vintage offers value-add opportunities through strategic capital improvements
- High ownership costs reinforce rental market positioning and tenant retention
- Risk consideration: Monitor neighborhood occupancy trends and potential market softening