| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3742 Clarington Ave, Los Angeles, CA, 90034, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2008 |
| Units | 20 |
| Transaction Date | 2006-06-06 |
| Transaction Price | $1,725,000 |
| Buyer | 3742 CLARINGTON LLC |
| Seller | PROGULSKI IRENA |
3742 Clarington Ave Los Angeles 20-Unit Multifamily
High renter concentration in the surrounding neighborhood supports a deep tenant base, while 2008 construction provides a competitive alternative to older local stock, according to CRE market data from WDSuite.
Situated in Los Angeles–Long Beach–Glendale, the neighborhood scores an A+ with a rank of 47 among 1,441 metro neighborhoods, indicating strong competitive positioning locally. Amenity access is a standout: restaurants, groceries, cafes, pharmacies, parks, and childcare are all dense relative to national norms, supporting day-to-day convenience and renter appeal without long commutes.
The housing stock nearby skews older (average vintage 1972), which positions a 2008-built, 20-unit asset as relatively newer and potentially more competitive on systems and finishes. That positioning can help leasing and retention against older comparables, especially with larger average floor plans (around 1,013 sq. ft.) supporting practical livability.
Within a 3-mile radius, demographics point to a sizable renter pool (roughly two-thirds of housing units are renter-occupied) and projections show increases in households over the next five years. Anticipated renter pool expansion and a rising share of higher-income households support occupancy stability. Elevated neighborhood home values relative to incomes indicate a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can bolster pricing power for well-positioned assets.
Neighborhood-level rent-to-income appears manageable for many tenants, which can aid lease retention, while occupancy has eased from prior peaks. Investors should underwrite active lease management and thoughtful pricing, but the combination of amenity density, strong renter concentration, and household expansion provides constructive fundamentals for demand and absorption based on WDSuite’s commercial real estate analysis.
Safety indicators are comparatively favorable within the metro: the neighborhood’s crime rank of 425 among 1,441 Los Angeles–area neighborhoods places it above the metro median and competitive locally. Nationally, conditions trend safer than average.
Recent estimates also show pronounced year-over-year declines in property and violent offense rates, suggesting an improving trajectory. As always, submarket and property-level patterns should be reviewed over multiple periods to inform operations and resident policies.
Nearby corporate anchors in engineering, cybersecurity, gaming, media, and live entertainment provide a diversified white-collar employment base that supports renter demand and commute convenience.
- AECOM — engineering & infrastructure (2.57 miles) — HQ
- Symantec — cybersecurity (2.57 miles)
- Activision Blizzard — video games (2.96 miles) — HQ
- Activision Blizzard Studios — media production (3.00 miles)
- Live Nation Entertainment — live entertainment (3.48 miles) — HQ
3742 Clarington Ave pairs a 2008 vintage with only 20 units and larger floor plans, creating a competitive alternative to the neighborhood’s older multifamily stock. High renter concentration, dense amenities, and proximity to major employers support day-to-day livability and leasing. Elevated ownership costs in the area tend to reinforce reliance on rental housing, and, according to CRE market data from WDSuite, local fundamentals point to durable renter demand.
Investors should note that neighborhood occupancy has moderated from earlier highs and local school ratings average around 2.0 out of five, which can influence segments of family demand. Prudent lease management, unit finish differentiation, and positioning on convenience and space can help capture the deep renter base.
- 2008 construction provides relative competitiveness versus older neighborhood stock and may temper near-term capital needs.
- Strong renter-occupied share and a high-cost ownership landscape support demand depth and retention.
- Dense amenities and nearby corporate anchors aid leasing velocity and day-to-day resident convenience.
- Risk: neighborhood occupancy has eased; prioritize pricing discipline and active lease management.