| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3414 Jasmine Ave, Los Angeles, CA, 90034, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1985 |
| Units | 22 |
| Transaction Date | 1999-02-01 |
| Transaction Price | $266,000 |
| Buyer | CHIANG MARTIN K P |
| Seller | MCMAHON GALE |
3414 Jasmine Ave Los Angeles Multifamily Investment
This 22-unit property sits within a neighborhood ranking 47th among 1,441 metro neighborhoods, with strong renter demand supported by 78.9% rental occupancy and elevated home values sustaining multifamily market fundamentals.
The property operates within an A+ rated neighborhood that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods. The area maintains strong rental fundamentals with 78.9% of housing units occupied by renters, ranking 72nd metro-wide and placing in the 99th percentile nationally. Median home values of $1.03 million limit ownership accessibility, reinforcing rental demand for multifamily housing.
Built in 1985, this property reflects the neighborhood's average construction vintage of 1972, positioning it for potential value-add opportunities through strategic capital improvements. The surrounding area offers substantial amenity density with 7.6 grocery stores per square mile and 36.6 restaurants per square mile, both ranking in the 98th and 99th percentiles nationally respectively, supporting tenant retention through walkable convenience.
Demographics within a 3-mile radius show a stable renter pool with 245,503 residents and median household income of $113,181. Forecasted data through 2028 projects 9.4% population growth and 41.4% household formation increase, expanding the potential tenant base. Current median contract rents of $2,265 have grown 33.1% over five years, while the rent-to-income ratio of 0.28 indicates manageable affordability levels for area renters.
The neighborhood demonstrates moderate safety metrics with property crime rates ranking 542nd among 1,441 metro neighborhoods, placing it near the median. Notably, both property and violent crime rates have declined significantly over the past year, with property offenses down 80.6% and violent crimes down 85.6%, trends that rank in the 98th percentile nationally for improvement.
These declining crime trends, while representing positive momentum, should be evaluated alongside broader metro context when assessing long-term tenant appeal and retention dynamics. The neighborhood's overall crime rank of 425th places it in the 73rd percentile nationally, indicating above-average safety conditions relative to comparable urban neighborhoods nationwide.
The property benefits from proximity to major corporate headquarters and offices that anchor the local employment base, providing workforce housing opportunities within commuting distance of significant employers.
- AECOM — engineering & construction services (2.2 miles) — HQ
- Activision Blizzard — gaming & entertainment (2.7 miles) — HQ
- Occidental Petroleum — energy & petroleum (3.0 miles) — HQ
- Live Nation Entertainment — entertainment & events (3.2 miles) — HQ
This 22-unit property constructed in 1985 presents value-add potential within a top-quartile Los Angeles neighborhood. According to CRE market data from WDSuite, the area maintains exceptional rental fundamentals with 78.9% renter occupancy and strong demographic projections showing 9.4% population growth through 2028. The neighborhood's $11,787 average NOI per unit ranks in the 87th percentile nationally, while elevated home values of $1.03 million sustain rental demand by limiting ownership accessibility.
The property's 1985 vintage offers renovation upside potential within a neighborhood where construction averages 1972, providing competitive positioning opportunities. Proximity to major corporate headquarters including AECOM and Activision Blizzard supports workforce housing demand, while dense amenity infrastructure ranks in the top percentiles nationally for grocery, restaurant, and service access.
- A+ neighborhood rating ranking 47th among 1,441 metro neighborhoods
- Strong rental fundamentals with 78.9% renter occupancy (99th percentile nationally)
- Value-add potential with 1985 construction in improving neighborhood
- Projected 41.4% household growth expanding tenant base through 2028
- Risk: Below-average occupancy rate of 88.6% requires active lease management