| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 23rd | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2632 Ellendale Pl, Los Angeles, CA, 90007, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1979 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2632 Ellendale Pl Los Angeles Multifamily Investment
Positioned in an Urban Core neighborhood with a high share of renter-occupied housing, the asset benefits from a deep tenant base and strong replacement-cost dynamics, according to WDSuite s CRE market data. Elevated ownership costs in the area tend to sustain rental demand, supporting leasing durability with careful income-to-rent management.
The immediate neighborhood scores competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 1,023 of 1,441) with an Urban Core profile that supports multifamily demand. Restaurant and grocery density are standouts, sitting in the high national percentiles, which typically underpins walkable access to daily needs and services. Park and pharmacy access are more limited locally, so residents may rely on nearby districts for those amenities.
Renter concentration is high at the neighborhood level (approximately three-quarters of housing units are renter-occupied), indicating a broad tenant pool and steady demand for apartments. Neighborhood occupancy is in the high-80s and has eased over the last five years, suggesting the need for active leasing and retention strategies, but still consistent with dense urban submarkets where turnover creates ongoing absorption opportunities.
For investors weighing vintage, the property s 1979 construction is newer than much of the surrounding housing stock (neighborhood average skews earlier), offering relative competitiveness versus older buildings while still warranting standard capital planning for aging systems and potential value-add upgrades to elevate finishes and energy efficiency.
Within a 3-mile radius, demographic data show households increasing even as total population trends are flat to slightly down and average household size declines. This points to more, smaller households entering the market a setup that expands the renter base and can support occupancy stability and unit absorption. Median incomes have been rising and are projected to grow further, while rents are also expected to advance; together, this supports revenue potential but calls for disciplined affordability monitoring to protect retention.
Home values in the neighborhood sit in the upper national percentiles and value-to-income ratios are among the highest nationally. In practice, this high-cost ownership market reinforces reliance on multifamily housing and can support pricing power and lease-up velocity for well-managed assets, though the elevated rent-to-income ratios warrant proactive renewal strategies.
Neighborhood safety indicators are mixed but improving. Overall conditions track near the national midpoint (around the 52nd percentile), and the area performs around the metro median among 1,441 neighborhoods. Property and violent offense rates sit below the national middle, yet both have shown meaningful year-over-year improvement, with declines that rank strongly versus peers nationwide. Investors should underwrite prudent security measures and operating practices while noting the favorable trend direction.
The employment base nearby spans professional services, technology, and entertainment, supporting renter demand through diverse white-collar jobs and short commutes. Key employers within an 8-mile radius include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and AECOM.
- CBRE Group commercial real estate services (2.4 miles) HQ
- Microsoft technology offices (2.5 miles)
- Reliance Steel & Aluminum metals & distribution (2.5 miles) HQ
- Live Nation Entertainment entertainment & media (5.7 miles)
- AECOM engineering & infrastructure (7.6 miles) HQ
2632 Ellendale Pl is a 53-unit, 1979-vintage asset in Los Angeles s Urban Core, positioned among dense amenities and a renter-heavy neighborhood that historically supports a wide tenant base. Within 3 miles, households are increasing as average household size declines, expanding the pool of renters and supporting occupancy stability. Elevated ownership costs locally point to sustained reliance on multifamily housing and potential pricing power for well-managed properties.
Based on CRE market data from WDSuite, the neighborhood shows strong income potential indicators and high national standing for amenity access, while recent safety metrics have trended positively year over year. The 1979 vintage suggests room for value-add upgrades and systems modernization to outperform older nearby stock, balanced against prudent underwriting for affordability pressure and active leasing management.
- Renter-heavy neighborhood supports a deep tenant base and leasing velocity
- Amenity-rich Urban Core location with strong restaurant and grocery density
- 1979 vintage offers value-add and modernization potential versus older local stock
- Household growth within 3 miles expands the renter pool, supporting occupancy stability
- Risks: elevated rent-to-income ratios and mid-pack safety require disciplined renewals and property operations