| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3620 Jasmine Ave, Los Angeles, CA, 90034, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 1993-10-18 |
| Transaction Price | $1,515,000 |
| Buyer | SHIRLEY EDWARD G |
| Seller | WILLIAMS CALVIN |
3620 Jasmine Ave, Los Angeles — Multifamily Positioning in Westside LA
Renter demand is supported by a high renter-occupied share at the neighborhood level and a high-cost ownership market, according to WDSuite’s CRE market data. Expect stable leasing from strong amenity density while monitoring neighborhood occupancy trends and household growth.
The property sits in an Urban Core pocket of Los Angeles that ranks 47th among 1,441 metro neighborhoods (A+ rating), indicating competitive positioning within the region. Amenity access is a standout: the neighborhood’s amenity strength ranks 28th of 1,441 locally and places in the top quartile nationally, with restaurants, cafes, groceries, and pharmacies all benchmarking in the high national percentiles. This depth of daily-needs and lifestyle options typically supports leasing velocity and retention for multifamily assets.
At the neighborhood level, renter-occupied housing is substantial (near the top nationally by share), which signals a deep tenant base for a 20-unit asset. Median contract rents and household incomes both benchmark above national levels, and rent-to-income ratios remain comparatively moderate, which can mitigate affordability pressure and aid renewals. Home values in the area are elevated (top national percentiles), reinforcing reliance on multifamily housing and supporting sustained rental demand in a high-cost ownership market.
Demographic statistics are aggregated within a 3-mile radius. Recent years show a slight population dip alongside a small increase in households and smaller average household sizes—conditions that can favor apartment demand. Looking ahead, WDSuite data indicates projected population and household growth over the next five years, expanding the potential renter pool and supporting occupancy stability.
Vintage is investor-relevant: built in 1986 versus a neighborhood average from the early 1970s, the asset is newer than much of the surrounding stock. That can provide a competitive edge on design and systems relative to older inventory while still leaving room for targeted modernization or value-add finishes to meet current renter expectations.
Two nuance points for underwriting: neighborhood occupancy levels have trended below national medians in recent years, and average school ratings in the immediate area benchmark below national averages. Both factors may influence tenant mix and leasing strategy; however, the concentration of amenities and renter households can offset these with consistent adult, roommate, and lifestyle-driven demand.
Neighborhood safety benchmarks compare favorably overall: the area’s crime profile ranks stronger than many peers in the Los Angeles-Long Beach-Glendale metro (crime rank 425 among 1,441), and it sits above the national middle by percentile. Recent year-over-year estimates show notable declines in both violent and property offenses, according to WDSuite’s CRE market data. That said, offense types vary: property-related indicators track near national averages while violent-offense measures sit closer to the national midpoint, so operators should apply standard security and lighting best practices consistent with Urban Core assets.
Nearby corporate offices create a diversified white-collar employment base that supports renter demand and short commutes, including AECOM, Symantec, Activision Blizzard, Activision Blizzard Studios, and Occidental Petroleum.
- AECOM — engineering & infrastructure (2.39 miles) — HQ
- Symantec — software & cybersecurity (2.74 miles)
- Activision Blizzard — gaming & entertainment (2.77 miles) — HQ
- Activision Blizzard Studios — media production (2.90 miles)
- Occidental Petroleum — energy corporate offices (3.23 miles) — HQ
This 20-unit asset at 3620 Jasmine Ave benefits from a renter-centric neighborhood with elevated household incomes, high amenity density, and a high-cost ownership backdrop that reinforces multifamily reliance. According to CRE market data from WDSuite, neighborhood-level metrics show strong amenity rankings and a large renter-occupied share, supporting depth of demand and lease retention. Built in 1986, the property is newer than much of the nearby stock, offering relative competitiveness while leaving room for targeted updates to capture premiums.
Underwriting should incorporate two watch items: neighborhood occupancy has trended below national medians, and school quality benchmarks below national averages, which may shape tenant mix and marketing. Even so, 3-mile demographics point to projected growth in both population and households over the next five years, alongside rising incomes—factors that can expand the tenant base and support sustained rent levels. Operators can lean on amenity access and proximity to major employers to bolster leasing and retention.
- Renter-heavy neighborhood and high-cost ownership market reinforce multifamily demand
- 1986 vintage is newer than local averages, with value-add/modernization upside
- Strong amenity density and proximity to major employers support leasing and retention
- Forecast growth in 3-mile population and households expands the renter pool
- Risks: below-median neighborhood occupancy and weaker school ratings may impact tenant mix