| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 59th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3223 Bagley Ave, Los Angeles, CA, 90034, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1988 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3223 Bagley Ave Los Angeles Multifamily Investment
Investor positioning centers on depth of renter demand in a high-cost ownership pocket of Los Angeles, according to WDSuite’s CRE market data. Elevated neighborhood rents and a sizable renter-occupied base support durability, while the property’s 1988 vintage offers competitive positioning versus older local stock.
This Urban Core location scores strongly for daily convenience, with amenity access that ranks in the top quartile nationally and is competitive among 1,441 Los Angeles metro neighborhoods. Cafes, restaurants, groceries, parks, and pharmacies are dense by national standards, reinforcing resident appeal and supporting leasing velocity.
Ownership costs in the neighborhood are among the highest nationwide, which tends to sustain reliance on multifamily rentals and supports pricing power for well-maintained assets. Neighborhood rents benchmark high relative to U.S. peers, while rent-to-income levels indicate manageable affordability pressure, a constructive backdrop for rent growth and retention.
The share of housing units that are renter-occupied is elevated (roughly six in ten), indicating a deep tenant base for multifamily operators. Neighborhood occupancy has trailed many Los Angeles areas in recent periods, so operators should emphasize asset quality and customer service to capture demand from the sizable renter pool.
Within a 3-mile radius, demographics point to a growing, higher-income renter pool ahead: despite recent flat-to-soft population trends, forecasts show increases in households and incomes over the next five years, expanding the addressable tenant base and supporting occupancy stability. The average neighborhood construction year skews older than this asset; a 1988 vintage can compete effectively against mid-century inventory, though investors should plan for targeted systems modernization where appropriate.
Safety indicators compare favorably. The neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods and sits in a strong national percentile, suggesting comparatively lower crime exposure than many peer areas.
Recent data also show notable year-over-year declines in both violent and property incidents, pointing to improving local conditions. While safety can vary block to block in any urban core, these trends provide a constructive backdrop for leasing and retention.
Proximity to major corporate employers underpins steady renter demand and commute convenience for professionals, including AECOM, Activision Blizzard, Live Nation Entertainment, Symantec, and Occidental Petroleum.
- AECOM — engineering & infrastructure (2.21 miles) — HQ
- Activision Blizzard Studios — entertainment production (2.46 miles)
- Live Nation Entertainment — live entertainment HQ & offices (2.92 miles) — HQ
- Symantec — cybersecurity offices (3.05 miles)
- Occidental Petroleum — energy (3.33 miles) — HQ
3223 Bagley Ave offers a 36-unit, 1988-vintage asset positioned in a high-cost ownership market where elevated home values reinforce multifamily rental reliance. The neighborhood posts strong amenity access and an above-average renter concentration, supporting a durable tenant base. While neighborhood occupancy has lagged stronger Los Angeles pockets, competitive asset quality and unit scale can help capture demand and stabilize leasing. Based on CRE market data from WDSuite, rents benchmark high versus national peers, yet rent-to-income signals suggest manageable affordability pressure, which supports measured pricing power.
With demographics aggregated within a 3-mile radius showing forward growth in households and incomes, the local renter pool is set to expand, aiding lease-up and retention. The 1988 vintage is newer than much of the surrounding stock, offering relative competitiveness; targeted modernization of aging systems and common areas may unlock value-add potential.
- High-cost ownership market supports sustained renter reliance and depth of demand
- Strong amenity density and commuter access bolster leasing velocity
- 1988 vintage competes well versus older local stock; selective upgrades can drive NOI
- Household and income growth within 3 miles expands the tenant base and supports retention
- Risk: neighborhood occupancy has trailed stronger LA areas; focus on quality and service to capture demand