| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 45th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2715 James M Wood Blvd, Los Angeles, CA, 90006, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 33 |
| Transaction Date | 1998-06-12 |
| Transaction Price | $280,000 |
| Buyer | H K REALTY INC |
| Seller | CALI BEAR INC |
2715 James M Wood Blvd Los Angeles Multifamily Investment
Urban-core location with dense amenities and a deep renter base supports durable demand at the neighborhood level, according to WDSuite’s CRE market data. Neighborhood metrics reflect strong renter-occupied share and convenience-driven appeal, though active lease management remains important for stability.
Located in Los Angeles’s Urban Core, the neighborhood surrounding 2715 James M Wood Blvd is convenience-oriented with abundant daily needs and food options. Cafe and grocery densities rank 5th and 3rd out of 1,441 metro neighborhoods, respectively, placing the area among the strongest for walkable amenities. Restaurants also score near the top of the metro, reinforcing foot-traffic and service employment that can underpin workforce housing demand.
The property’s 1989 vintage is newer than the neighborhood’s average construction year (1969 across 1,441 metro neighborhoods). That positioning can be competitively favorable versus older stock, while investors should still plan for system updates and modernization typical of late-1980s buildings.
Renter concentration is high: the neighborhood shows an 85.9% share of renter-occupied housing units and a similar 3‑mile radius tenure mix, indicating depth of the tenant base. Contract rents sit above national medians (80th percentile nationally), and the rent-to-income ratio is elevated locally, suggesting some affordability pressure that warrants attentive renewal strategies and pricing discipline.
Within a 3‑mile radius, households have grown even as population edged lower, and forecasts indicate further household expansion alongside smaller average household sizes. This pattern typically supports consistent multifamily absorption, particularly for efficient floorplans. School ratings trend below national averages, while amenity access and pharmacy availability test well. Overall, the neighborhood rates a B and is competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods, though occupancy has softened versus five years ago and should be monitored alongside leasing velocity.
Safety indicators are mixed but improving. The neighborhood’s overall crime standing is above the national median (72nd percentile), and recent year data show notable declines in both violent and property offenses compared with the prior year, based on WDSuite’s CRE market data. Within the Los Angeles-Long Beach-Glendale, CA metro, the area is competitive relative to many urban-core peers (crime rank 460 among 1,441 neighborhoods). Investors should evaluate property-level measures and management practices as part of standard underwriting.
Proximity to major corporate offices supports renter demand through commute convenience and a diversified employment base, including CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Activision Blizzard Studios.
- CBRE Group — corporate offices (1.96 miles) — HQ
- Microsoft — corporate offices (2.01 miles)
- Reliance Steel & Aluminum — corporate offices (2.07 miles) — HQ
- Live Nation Entertainment — corporate offices (4.5 miles)
- Activision Blizzard Studios — corporate offices (6.5 miles)
This 33‑unit asset benefits from an Urban Core setting where amenity density, a high share of renter-occupied housing, and strong service-sector presence support a durable tenant base. Neighborhood NOI per unit trends test in the upper deciles nationally, and, according to CRE market data from WDSuite, local occupancy sits below national medians but is balanced by top-tier cafe/grocery access that can aid leasing and retention. The 1989 construction is newer than much of the surrounding stock, offering relative competitiveness while still presenting typical late-80s capital planning needs for modernization.
Within a 3‑mile radius, household counts have increased and are projected to rise further as average household size trends smaller, expanding the renter pool for efficient layouts. At the same time, elevated rent-to-income ratios and softer recent occupancy indicate the need for disciplined pricing, unit turns that emphasize functionality, and targeted marketing to nearby employment nodes.
- Urban-core amenity density and deep renter base support demand and leasing velocity.
- 1989 vintage is newer than area average, with potential to outperform older competing stock after targeted upgrades.
- Household growth within 3 miles and shrinking household sizes suggest ongoing renter pool expansion.
- Elevated rent-to-income ratios and below-median occupancy present retention and lease-up risks that require active management.
- Strong nearby employer base (CBRE, Microsoft, Reliance Steel & Aluminum, Live Nation) provides diversified demand drivers.