| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 26th | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3414 Manitou Ave, Los Angeles, CA, 90031, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2009 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3414 Manitou Ave Los Angeles Multifamily Investment
Neighborhood occupancy remains elevated and renter demand is deep, according to WDSuite s CRE market data, suggesting stable tenancy dynamics around this 2009-built, 21-unit asset. Metrics cited reflect the surrounding neighborhood, not the property s own operations.
Located in Los Angeles Urban Core, the surrounding neighborhood posts a B- rating and competitive occupancy performance relative to the metro. Neighborhood occupancy is 96.9% (top quartile nationally), placing the area competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. For investors, that points to steady lease-up and renewal potential at 3414 Manitou Ave.
Renter concentration is high, with 82.6% of housing units renter-occupied in the neighborhood, indicating a sizable tenant base and consistent multifamily demand. Within a 3-mile radius, households grew by 5.4% over five years even as population edged lower, a shift that implies smaller household sizes and a broader pool of households entering the rental market rends that can support occupancy stability and leasing velocity.
Amenities skew toward daily needs and recreation: grocery (87th percentile nationally), parks (96th), pharmacies (92nd), and restaurants (91st) are strengths, while cafe density is limited. Average school ratings nearby are mixed (about mid-national performance), which may shape unit mix and marketing toward workforce and convenience-oriented renters.
Home values in the neighborhood sit in the 92nd percentile nationally, signaling a high-cost ownership market that can reinforce reliance on multifamily rentals and support pricing power when combined with prudent lease management. Median contract rents in neighborhood data have risen over five years, aligning with above-metro occupancy and sustained renter demand.
Safety indicators are mixed and should be contextualized at the neighborhood level. The area ranks 918 out of 1,441 metro neighborhoods on crime, which is below the metro average, and sits below the national median by percentile. Recent trends show improvement: estimated violent offense rates declined by 76.5% year over year and property offenses decreased by 4.9%, signaling directional progress. Investors should underwrite with conservative assumptions and consider standard security and lighting upgrades where appropriate.
Proximity to established corporate employers supports workforce housing demand and commute convenience for residents, notably within Downtown and adjacent employment nodes. Nearby anchors include Reliance Steel & Aluminum, Microsoft, CBRE Group, Avery Dennison, and Edison International.
- Reliance Steel & Aluminum corporate offices (3.0 miles) HQ
- Microsoft corporate offices (3.0 miles)
- CBRE Group corporate offices (3.1 miles) HQ
- Avery Dennison corporate offices (6.6 miles) HQ
- Edison International corporate offices (7.2 miles) HQ
Built in 2009, this 21-unit property is materially newer than the neighborhood s older housing stock, offering competitive positioning versus legacy assets while leaving room for targeted modernization as systems age. The immediate area shows top-quartile national occupancy and a renter-occupied share above 80%, indicating depth of tenant demand and potential for stable cash flows. Elevated neighborhood home values point to a high-cost ownership market that can sustain reliance on multifamily rentals. Based on CRE market data from WDSuite, these fundamentals align with steady absorption patterns across similar urban Los Angeles submarkets.
Within a 3-mile radius, households have increased despite modest population contraction, and projections call for further household growth alongside smaller average household sizes actors that can expand the renter pool and support occupancy. Amenity access favors daily needs and recreation, which complements workforce-oriented positioning; investors should account for mixed school ratings and monitor neighborhood safety trends as part of risk management and capital planning.
- 2009 vintage offers competitive positioning versus older neighborhood stock, with selective value-add/modernization potential.
- Top-quartile neighborhood occupancy and high renter concentration support leasing stability and renewal potential.
- High-cost ownership landscape reinforces multifamily demand and can support pricing power with prudent lease management.
- 3-mile household growth and shrinking household size indicate a broader renter pool and sustained demand.
- Risks: below-metro safety ranking and mixed school ratings warrant conservative underwriting and tenant-experience investments.