| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 65th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 320 S Occidental Blvd, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1973 |
| Units | 34 |
| Transaction Date | 2014-07-21 |
| Transaction Price | $4,700,047 |
| Buyer | SAS INVESTMENT MANAGEMENT LLC |
| Seller | 320 S OCCIDENTAL BLVD OWNER LLC |
320 S Occidental Blvd Los Angeles Multifamily Investment
This 34-unit property built in 1973 sits in a neighborhood with 81.3% rental housing share and strong urban amenities. According to WDSuite's CRE market data, the area ranks in the top quartile nationally for renter density and amenity access.
Located in Los Angeles's urban core, this neighborhood demonstrates strong fundamentals for multifamily investment. With 81.3% of housing units renter-occupied, the area ranks 54th among 1,441 metro neighborhoods and achieves the 99th percentile nationally for rental housing concentration. The neighborhood earned an A rating and ranks 101st overall among metro neighborhoods, reflecting solid investment characteristics.
Demographic data aggregated within a 3-mile radius shows a mature rental market with 88.3% of housing units occupied by renters. Median household income of $62,134 has grown 43.4% over five years, while contract rents averaged $1,507 with 37.4% growth over the same period. Forecasts project household income rising to $85,457 by 2028, supporting rental demand as ownership costs remain elevated with a median home value of $648,766.
The property's 1973 construction year aligns with the neighborhood average, potentially offering value-add renovation opportunities for investors seeking to modernize units and capture rent premiums. Amenity density supports tenant retention, with the area ranking in the 98th percentile nationally for overall amenities, including 10.88 grocery stores per square mile and 35.73 restaurants per square mile.
Current neighborhood occupancy of 89.4% sits below metro averages, presenting potential upside as the market stabilizes. The area's 32.1% bachelor's degree attainment rate ranks in the 88th percentile nationally, indicating an educated renter base that typically supports lease stability and rent growth potential.
Safety metrics show a neighborhood performing above metro averages in several key categories. The area ranks 410th among 1,441 metro neighborhoods for overall crime, placing it in the 74th percentile nationally. Property offense rates have declined significantly, dropping 79.7% year-over-year to 304.7 incidents per 100,000 residents, ranking in the 98th percentile nationally for improvement.
Violent crime rates also show positive trends, with incidents falling 95.6% year-over-year. While absolute crime levels remain a consideration for any urban investment, the improving trajectory and above-average performance relative to the broader Los Angeles metro area suggest stabilizing conditions that can support tenant retention and property values.
The property benefits from proximity to major corporate employers within the Los Angeles market, supporting workforce housing demand and commute convenience for tenants.
- CBRE Group — commercial real estate services (2.0 miles) — HQ
- Microsoft — technology offices (2.0 miles)
- Reliance Steel & Aluminum — metals and manufacturing (2.1 miles) — HQ
- Live Nation Entertainment — entertainment and media (4.2 miles)
- Avery Dennison — materials and labeling (6.4 miles) — HQ
This 34-unit property offers exposure to Los Angeles's concentrated rental market, where 81.3% of neighborhood housing units are renter-occupied — ranking in the 99th percentile nationally. The 1973 construction year presents value-add renovation potential to capture rent premiums in a market where median contract rents have grown 37.4% over five years. Commercial real estate analysis from WDSuite indicates the neighborhood's A rating reflects strong fundamentals, including top-quartile national rankings for amenities and educated renter demographics.
Demographic projections within a 3-mile radius show household income rising 37.5% to $85,457 by 2028, while the renter pool is expected to expand with 31.6% growth in total households. The area's declining crime rates and proximity to major employers like CBRE Group and Microsoft support tenant retention and absorption potential.
- Highly concentrated rental market with 81.3% renter occupancy ranking 99th percentile nationally
- Value-add renovation opportunity with 1973 vintage in appreciating rent market
- Strong demographic trends with projected 37.5% household income growth by 2028
- Proximity to major employers including CBRE Group and Microsoft headquarters
- Risk consideration: Current neighborhood occupancy of 89.4% below metro averages requires active management