| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 88th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 342 S Cochran Ave, Los Angeles, CA, 90036, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1991 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
342 S Cochran Ave Los Angeles Multifamily Investment
This 39-unit property sits in a top-quartile neighborhood nationally, with renter-occupied units comprising 84% of the immediate area and median household incomes tracking above metro averages according to CRE market data from WDSuite.
342 S Cochran Ave anchors a high-density urban core neighborhood that ranks in the top 2% nationally for overall investment fundamentals, with an A+ neighborhood rating among 1,441 neighborhoods across the Los Angeles-Long Beach-Glendale metro. The immediate area demonstrates strong renter concentration, with 84% of housing units renter-occupied—well above the metro norm—supporting a deep and stable tenant pool for multifamily assets. Median household income within the neighborhood stands at approximately $102,000, ranking in the 76th percentile nationally and reflecting an educated, relatively affluent renter base. Within a 3-mile radius, demographic data shows a population of approximately 350,000, with 77% of households renting and a median household income of $83,000. Over the next five years, the area is projected to add roughly 60,000 households, expanding the renter pool and reinforcing multifamily demand.
The property was constructed in 1991, notably newer than the neighborhood average of 1955, which positions it competitively in terms of building systems and deferred maintenance exposure. Investors should anticipate lower near-term capital expenditure relative to the older surrounding stock, while still evaluating opportunities for unit upgrades and rent optimization. Median contract rents in the neighborhood reach approximately $2,489—ranking in the 97th percentile nationally—and have grown roughly 23% over the past five years, outpacing income growth and signaling robust pricing power. Neighborhood-level occupancy stands at approximately 93%, modestly above the metro median, though rent-to-income ratios remain elevated and warrant careful lease management and retention strategies.
Amenity density is exceptional, with the neighborhood ranking in the 93rd percentile nationally. Residents benefit from 2.1 grocery stores per square mile, 5.2 childcare centers per square mile (99th percentile nationally), and 14.7 restaurants per square mile, all of which enhance tenant appeal and support retention. Schools in the immediate area average a 4.0 rating out of 5, placing the neighborhood in the 84th percentile nationally—a meaningful differentiator for family-oriented renters. Home values in the neighborhood are elevated, with a median of approximately $1.74 million (100th percentile nationally), and ownership costs remain high relative to incomes. These dynamics limit accessibility to ownership and sustain strong reliance on rental housing, reinforcing depth of multifamily demand and supporting lease retention over the medium term.
Safety metrics for the neighborhood reflect a mixed profile that merits context. Violent offense rates stand at approximately 14 incidents per 100,000 residents annually, ranking in the 64th percentile nationally—indicating performance above the national median. More notably, violent crime declined approximately 97% year-over-year, placing the neighborhood in the 100th percentile nationally for improvement trends. Property offense rates are estimated at 588 incidents per 100,000 residents, ranking in the 34th percentile nationally, though these offenses also declined sharply (approximately 80% year-over-year), ranking in the 98th percentile for improvement. Overall crime performance ranks 419th among 1,441 metro neighborhoods (74th percentile nationally), suggesting the area compares favorably to the majority of neighborhoods across the country.
Investors should interpret these figures as directional indicators of neighborhood trajectory rather than block-level certainty. The sharp recent declines in both violent and property crime suggest improving conditions that may support tenant retention and leasing velocity. As with any urban core location, prospective investors are encouraged to conduct independent due diligence, including site visits and consultation with local property managers, to assess how these trends translate to day-to-day operations and resident experience.
The property benefits from proximity to a diverse base of corporate offices and headquarters that anchor regional employment and support workforce housing demand. Notable employers within a five-mile radius include Live Nation Entertainment, Activision Blizzard Studios, AECOM, CBRE Group, and Occidental Petroleum.
- Live Nation Entertainment — entertainment & media (2.3 miles)
- Live Nation Entertainment — entertainment & media (2.7 miles)
- Live Nation Entertainment — entertainment & media (3.0 miles) — HQ
- Activision Blizzard Studios — gaming & interactive entertainment (3.0 miles)
- AECOM — engineering & infrastructure services (4.1 miles) — HQ
342 S Cochran Ave presents a compelling multifamily investment opportunity anchored by strong neighborhood fundamentals, a stable and affluent renter base, and favorable supply-demand dynamics. The property's A+ neighborhood rating and top 2% national ranking reflect a combination of demographic strength, amenity density, and market resilience that support both near-term cash flow and long-term appreciation potential.
The immediate area's 84% renter concentration and median household income of approximately $102,000 underscore a deep, creditworthy tenant pool with sustained demand for quality rental housing. Median neighborhood rents of $2,489—ranking in the 97th percentile nationally—and five-year rent growth of approximately 23% signal robust pricing power and the potential for continued revenue expansion, particularly through strategic unit upgrades and amenity enhancements. The property's 1991 construction vintage positions it favorably relative to the neighborhood's aging housing stock (average year built: 1955), reducing near-term capital expenditure risk while offering value-add opportunities to capture upside through selective renovations.
Proximity to major employers including Live Nation Entertainment, Activision Blizzard Studios, AECOM, and Occidental Petroleum reinforces workforce housing demand and supports tenant retention. The neighborhood's exceptional amenity density—ranking in the 93rd percentile nationally—combined with strong school ratings (84th percentile nationally) enhances livability and tenant appeal across multiple demographics. Elevated home values (median $1.74 million) and high ownership costs relative to incomes create structural barriers to homeownership, sustaining long-term reliance on rental housing and limiting competitive supply from the for-sale market.
Safety trends are encouraging, with violent and property crime both declining sharply year-over-year (97% and 80% respectively), suggesting improving neighborhood conditions that may support leasing velocity and operational stability. Projected household growth of approximately 60,000 within a 3-mile radius over the next five years further reinforces the depth and durability of multifamily demand in this submarket.
Investors should view this asset as a core-plus opportunity in a supply-constrained, high-barrier-to-entry market, offering a balance of stable cash flow, value-add potential, and exposure to one of the nation's most dynamic urban rental markets.