| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 356 S Rampart Blvd, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1992 |
| Units | 29 |
| Transaction Date | 2014-02-26 |
| Transaction Price | $4,325,043 |
| Buyer | RAMPART VILLAGE VILLAS LLC |
| Seller | MA BARRY |
356 S Rampart Blvd Los Angeles Multifamily with Durable Renter Demand
Neighborhood occupancy has held near the low-90s with an exceptionally high share of renter-occupied units, pointing to a deep tenant base, according to WDSuite’s CRE market data. Elevated ownership costs in the area further support rental reliance and potential lease stability.
Situated in Los Angeles s Urban Core, the property benefits from dense amenities: grocery, dining, and pharmacy counts rank among the strongest nationally, supporting day-to-day convenience and renter retention. Neighborhood occupancy is 92.9% with a modest five-year uptick, suggesting steady demand at the sub-neighborhood level rather than at the property itself.
Renter concentration is high (approximately 88% of housing units are renter-occupied), indicating depth for multifamily leasing and a broad prospective tenant pool. Median home values in the neighborhood are elevated relative to national norms, which tends to reinforce renter reliance on multifamily housing and can support pricing power, while requiring attentive lease management to balance renewal rates and rent growth.
Within a 3-mile radius, households have increased even as population edged down, reflecting smaller household sizes and a shift that can expand the renter pool. Forward-looking estimates also point to continued growth in household counts, which supports occupancy stability for well-positioned assets. These patterns align with investor takeaways highlighted by WDSuite s multifamily property research, emphasizing demand tied to proximity to jobs and services.
Built in 1992, the asset is newer than much of the surrounding housing stock (which skews mid-20th century). That vintage can offer a relative competitive edge versus older buildings, while still warranting targeted system updates or common-area refreshes to enhance positioning against newer deliveries.
Trade-offs include below-average school ratings in the neighborhood and limited park access immediately nearby, factors that may matter for family-oriented tenants but are often offset in Urban Core locations by access to employment, transit, and amenities.
Safety indicators are mixed but improving. The neighborhood rates as competitive among the 1,441 Los Angeles-Long Beach-Glendale neighborhoods, with overall crime levels comparing favorably to many U.S. neighborhoods (around the 70th percentile nationally for safety), while violent incidents track closer to the national midpoint. Recent one-year trend data indicates meaningful declines in both property and violent offenses locally, signaling positive momentum.
Investors should interpret these as neighborhood-level measures rather than property-specific conditions and consider standard operating practices lighting, access controls, and community engagement to support resident comfort and retention.
The location serves a diverse employment base with proximity to corporate offices that support renter demand through short commutes and steady white-collar payrolls, including CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Avery Dennison.
- CBRE Group commercial real estate services (1.8 miles) HQ
- Microsoft software & cloud (1.8 miles)
- Reliance Steel & Aluminum metals distribution (1.9 miles) HQ
- Live Nation Entertainment entertainment offices (4.5 miles)
- Avery Dennison materials & labeling (6.5 miles) HQ
356 S Rampart Blvd offers a 29-unit footprint in an amenity-rich Urban Core neighborhood where occupancy has remained near 93% and renter concentration is high, supporting a consistent leasing funnel. Elevated local home values point to a high-cost ownership market, which can bolster renter retention and pricing power when paired with disciplined lease management, according to CRE market data from WDSuite. Within a 3-mile radius, household counts have risen and are projected to continue increasing, which can expand the tenant base despite flat-to-down population trends.
The 1992 vintage positions the property as relatively newer than the surrounding stock, creating an opportunity to compete on asset quality versus older buildings while planning for targeted modernization to drive rent premiums. Key considerations include managing affordability pressure (given higher rent-to-income dynamics locally), mixed school ratings, and the need to stay competitive against newer product via ongoing capex and amenities.
- Amenity-dense Urban Core location with strong neighborhood occupancy and deep renter base
- High-cost ownership market supports renter reliance and potential pricing power
- 1992 construction offers competitive positioning versus older stock with value-add modernization upside
- 3-mile household growth and proximity to major employers support leasing stability
- Risks: affordability pressure, below-average school ratings, and ongoing capex needs to remain competitive