| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 72nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3649 Monon St, Los Angeles, CA, 90027, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3649 Monon St, Los Angeles Multifamily Investment
1972 vintage, 24-unit asset positioned in an Urban Core neighborhood where renter demand remains durable relative to metro peers, according to WDSuite’s CRE market data.
Located in Los Angeles Los Angeles-Long Beach-Glendale metro the neighborhood ranks 179 out of 1,441 metro neighborhoods (top quartile) with an A rating, signaling strong fundamentals for workforce and professional renter demand. Neighborhood occupancy is broadly stable (above the national median), and average NOI per unit trends in the upper tier nationally, supporting underwriting confidence for stabilized operations.
Livability supports leasing: average school ratings are strong (top quartile nationally), restaurants are plentiful (also top quartile), and pharmacies are widely accessible. Grocery access is better than average nationally, while parks and cafes are limited in the immediate neighborhood factors to account for in marketing and amenity programming. These dynamics align with an Urban Core profile that emphasizes convenience retail and services over green space.
The local housing stock skews older (average construction year 1940), while the subject s 1972 vintage is newer than much of the immediate competition. That relative vintage positioning can enhance competitiveness after targeted capital planning for systems and common-area finishes to match renter expectations. Median home values sit at very elevated levels versus the nation, which tends to sustain reliance on multifamily rentals and can support pricing power and lease retention for well-managed assets.
Tenure data indicate a high share of renter-occupied units at the neighborhood level, pointing to a deep tenant base and demand resiliency for mid-size properties. Within a 3-mile radius, households have been roughly stable with a modest increase and are projected to grow meaningfully over the next five years (with smaller average household sizes), expanding the renter pool and supporting occupancy stability; this perspective is based on multifamily property research from WDSuite.
Safety compares favorably in a metro context: the neighborhood is above average nationally for personal safety (top quintile) and competitive among Los Angeles neighborhoods. Property-related incidents track near the national midpoint but have shown notable year-over-year improvement, indicating a constructive trend rather than a fixed condition.
Interpreting ranks and percentiles: higher national percentiles reflect safer outcomes. The neighborhood s overall crime positioning is strong (top quintile nationally), and recent declines in both violent and property offenses suggest improving conditions. As always, investors should evaluate submarket and block-level patterns during diligence, but the broader trajectory remains supportive of renter retention.
Proximity to established corporate employers supports a diversified renter base and commute convenience, particularly for professional and managerial households. Nearby anchors include Avery Dennison, Microsoft, Live Nation Entertainment, CBRE Group, and Reliance Steel & Aluminum.
- Avery Dennison corporate offices (3.4 miles) HQ
- Microsoft corporate offices (4.1 miles)
- Live Nation Entertainment corporate offices (4.1 miles)
- CBRE Group corporate offices (4.1 miles) HQ
- Reliance Steel & Aluminum corporate offices (4.2 miles) HQ
3649 Monon St offers a 1972-vintage, 24-unit footprint that is newer than the neighborhood s predominantly pre-war stock, creating a relative quality edge with clear value-add and modernization pathways. Elevated ownership costs locally reinforce reliance on rentals, and the neighborhood s A rating with top-quartile positioning among 1,441 metro neighborhoods supports expectations for durable demand and steady occupancy. According to CRE market data from WDSuite, renter concentration is high and household incomes trend well above national norms, which together can underpin rent collections and renewals for well-operated assets.
Forward-looking demographics within a 3-mile radius point to a larger household count and smaller average household sizes, implying a broader renter base even as population growth is flat to slightly negative. This backdrop, combined with competitive access to services and proximity to major employers, supports a long-term hold or renovation thesis. Investors should balance the strengths with targeted risks, including pockets of amenity gaps (parks/cafes) and the need for ongoing capital to keep a 1970s asset competitive.
- Newer-than-neighborhood vintage (1972) offers competitive positioning with clear modernization upside
- High renter concentration and elevated home values support demand depth and pricing power
- Top-quartile neighborhood rating in the Los Angeles metro underpins occupancy stability
- Proximity to multiple corporate employers supports professional tenant demand and retention
- Risks: limited nearby parks/cafes and ongoing capex typical for 1970s assets