| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 77th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 326 S Manhattan Pl, Los Angeles, CA, 90020, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
326 S Manhattan Pl Los Angeles Multifamily Investment
This 20-unit property sits in a neighborhood ranking in the top quartile nationally for amenities, with 74.7% of local housing units renter-occupied supporting strong multifamily property research fundamentals.
Built in 1989, this property operates in an amenity-rich urban core neighborhood that ranks 75th among 1,441 metro neighborhoods for overall livability. The area demonstrates exceptional walkability with 70.59 restaurants per square mile and robust retail density including 6.42 grocery stores per square mile, both ranking in the top national percentiles for tenant convenience.
Neighborhood-level occupancy sits at 93.4% with 74.7% of housing units renter-occupied, reflecting strong rental demand fundamentals. Median contract rents of $1,565 have grown 19.5% over five years, while demographics within a 3-mile radius show 87.2% of housing units are renter-occupied, reinforcing the depth of the rental market.
The area's educational infrastructure supports family retention with schools averaging 4.0 out of 5 stars, ranking in the 84th percentile nationally. Median home values of $1.3 million create elevated ownership costs that sustain rental demand, particularly as household incomes within the 3-mile radius average $91,247 with projected growth to $130,256 by 2028.
Population stability within the 3-mile radius shows modest decline of 4.7% over five years, but household formation trends indicate 30.9% growth in total households projected through 2028, expanding the potential tenant base. The 1989 vintage aligns with neighborhood averages, suggesting minimal near-term capital expenditure pressure relative to value-add opportunities.
Property crime trends show significant improvement with an estimated 78.9% decline over the past year, ranking in the 97th percentile nationally for crime reduction. Current property offense rates of 273.9 per 100,000 residents place the neighborhood at the median among Los Angeles metro neighborhoods.
Violent crime rates remain relatively low at 29.5 per 100,000 residents, with an 89.6% year-over-year decline ranking in the 99th percentile nationally for improvement. Overall crime metrics place the neighborhood in the 74th percentile nationally, indicating above-average safety conditions compared to similar urban core locations.
The property benefits from proximity to major corporate headquarters and offices that support workforce housing demand, with several Fortune 500 companies within commuting distance.
- Live Nation Entertainment — entertainment & media (2.99 miles)
- CBRE Group — commercial real estate services (3.45 miles) — HQ
- Microsoft — technology offices (3.48 miles)
- Reliance Steel & Aluminum — industrial materials (3.56 miles) — HQ
- Activision Blizzard Studios — gaming & entertainment (5.14 miles)
This 1989-vintage property capitalizes on strong rental market fundamentals in a top-quartile amenity neighborhood. With 93.4% neighborhood-level occupancy and 74.7% renter tenure, the location demonstrates stable demand dynamics. According to commercial real estate analysis from WDSuite, the area's exceptional walkability and proximity to major employers support tenant retention, while projected household growth of 30.9% through 2028 within the 3-mile radius indicates expanding renter demand.
The property's 20-unit scale and 1,010 square foot average unit size align with local market preferences, while elevated home values of $1.3 million reinforce rental demand by keeping ownership costs prohibitive for many households. Recent crime reduction trends and strong school ratings enhance the location's appeal for long-term tenancy.
- Neighborhood occupancy at 93.4% with 74.7% renter tenure supporting stable cash flows
- Top-quartile national ranking for amenities enhances tenant retention potential
- Projected 30.9% household growth through 2028 expands renter pool within 3-mile radius
- Proximity to major corporate employers including CBRE and Microsoft headquarters
- Monitor rent-to-income pressures as ratios indicate affordability constraints for some tenant segments