| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 56th | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 N Berendo St, Los Angeles, CA, 90004, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1973 |
| Units | 93 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
333 N Berendo St, Los Angeles Multifamily Investment
Urban-core location with a deep renter base and steady neighborhood occupancy trends, according to WDSuite's CRE market data, position this asset for durable leasing performance.
Situated in Los Angeles's Urban Core, the neighborhood is rated A- and ranks 283rd of 1,441 metro neighborhoods (top quartile in the region), signaling solid fundamentals for multifamily investors. Dense daily-needs access stands out: cafes (ranked 9th of 1,441), restaurants (7th), groceries (16th), and pharmacies (42nd) indicate a walkable amenity base that supports tenant retention and leasing velocity. In this context, neighborhood occupancy sits mid-range nationally but has improved over the last five years, a constructive signal for stability.
The area shows a high share of renter-occupied housing units—also reflected within a 3-mile radius—indicating depth in the tenant base and strong relevance for multifamily operators. Median school ratings trend near the national middle (about 2.5 out of 5), which may guide positioning toward young professionals and renters prioritizing commute and amenities. Elevated home values relative to incomes point to a high-cost ownership market that tends to sustain renter reliance on multifamily housing, supporting pricing power when managed carefully.
Within a 3-mile radius, households have grown while average household size has edged lower, and projections call for further household increases with smaller household sizes by 2028. For investors, this implies a broader pool of prospective renters and continued demand for professionally managed apartments, even if overall population growth is modest. These dynamics align with commercial real estate analysis that prioritizes renter pool expansion and lease-up resiliency in supply-constrained urban neighborhoods.
The property's 1973 vintage is slightly older than the neighborhood average (mid-1970s), suggesting potential value-add and capital planning opportunities—modernizing interiors and systems can enhance competitiveness against newer stock while leveraging the area's amenity density and renter concentration. Neighborhood rent levels sit in the upper range nationally, reinforcing the importance of asset differentiation and operational execution to balance affordability pressures with occupancy stability.
Neighborhood safety indicators are above the national average (upper-third nationwide), and recent trends show notable year-over-year declines in both property and violent offense rates. This suggests directionally improving conditions that can support resident retention and leasing, though block-by-block variability is typical in urban cores and merits standard diligence.
Proximity to major corporate offices supports commuter convenience and a steady renter pipeline, including CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Disney.
- CBRE Group — real estate services (2.95 miles) — HQ
- Microsoft — technology (2.95 miles)
- Reliance Steel & Aluminum — metals & distribution (3.04 miles) — HQ
- Live Nation Entertainment — entertainment (3.27 miles)
- Disney — media & entertainment (5.76 miles) — HQ
333 N Berendo St brings 93 units to an amenity-dense, renter-heavy pocket of central Los Angeles. Neighborhood occupancy has trended upward over the last five years and rents track toward the higher end nationally—conditions that reward focused operations. The 1973 vintage offers value-add potential through interior and systems modernization to sharpen competitiveness against newer supply.
Based on CRE market data from WDSuite, the area exhibits strong renter concentration and high-cost ownership dynamics that underpin multifamily demand, while 3-mile household growth and smaller average household sizes point to a broader tenant base over time. Investors should still plan for affordability pressure management given elevated rent-to-income ratios and position the asset to balance pricing power with retention.
- Renter-heavy neighborhood and central location support deep tenant demand
- Amenity-rich corridor (top-ranked cafes, dining, groceries) aids retention
- 1973 vintage offers clear value-add and capital planning opportunities
- Household growth (3-mile) and smaller household sizes expand the renter pool
- Risk: elevated rent-to-income ratios require careful renewal and pricing strategy