| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 70th | Good |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3940 Eagle Rock Blvd, Los Angeles, CA, 90065, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3940 Eagle Rock Blvd Los Angeles Multifamily Investment
This 73-unit property built in 1987 offers stable occupancy fundamentals in an A- rated neighborhood with strong renter retention metrics, according to CRE market data from WDSuite.
The Eagle Rock area represents an established inner suburb community with solid multifamily fundamentals. The neighborhood maintains a 94.7% occupancy rate and ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for crime safety, placing at the 84th national percentile. Median contract rents of $1,849 reflect 51% growth over five years, indicating sustained rental demand in this market segment.
Demographics within a 3-mile radius support long-term rental stability, with 64.5% of housing units occupied by renters and household incomes averaging $121,899. The area benefits from strong educational attainment, with 31.5% of residents holding bachelor's degrees, ranking in the 86th national percentile nationally. Forecasted household growth of 27.5% through 2028 suggests expanding tenant demand, while projected median income increases to $117,922 support rent growth potential.
Local amenities enhance tenant retention with above-average density of grocery stores (3.07 per square mile) and restaurants (10.76 per square mile), both ranking in the 90th national percentile. The neighborhood's childcare facilities rank in the 89th national percentile, appealing to family-oriented renters. Home values averaging $1.1 million create a substantial ownership barrier that reinforces rental demand and supports occupancy stability.
The Eagle Rock neighborhood demonstrates strong safety metrics that support tenant retention and leasing velocity. Property crime rates have declined significantly, dropping 81.5% year-over-year and ranking in the 98th national percentile for improvement. Violent crime rates also decreased substantially by 90.5%, placing the area in the 99th national percentile for crime reduction trends.
Current property offense rates of 96.6 incidents per 100,000 residents rank in the top quartile among Los Angeles metro neighborhoods, while violent crime rates remain well below regional averages. These safety improvements, combined with the neighborhood's overall crime ranking at 147th of 1,441 metro neighborhoods, create a competitive advantage for tenant attraction and retention in this market segment.
The property benefits from proximity to major corporate employers and headquarters that provide stable workforce housing demand, including several Fortune 500 companies within commuting distance.
- Avery Dennison — materials technology headquarters (3.0 miles) — HQ
- Microsoft — technology offices (4.8 miles)
- Reliance Steel & Aluminum — industrial materials headquarters (4.8 miles) — HQ
- CBRE Group — commercial real estate headquarters (4.9 miles) — HQ
- Disney — entertainment headquarters (6.1 miles) — HQ
This 1987-vintage property offers compelling fundamentals in a neighborhood that ranks A- overall and demonstrates sustained rental demand. The 749 square foot average unit size aligns with local renter preferences, while the building's age presents potential value-add opportunities through unit renovations and common area improvements. Commercial real estate analysis from WDSuite indicates the submarket maintains above-average occupancy at 94.7% with strong rent growth trajectory, supported by high ownership costs that reinforce tenant retention.
Demographic projections show household growth of 27.5% through 2028 within the 3-mile radius, expanding the potential tenant base while median incomes are forecast to rise 32% to $117,922. The proximity to major employers including Disney, Microsoft, and Avery Dennison headquarters provides workforce stability, while improving crime trends and strong amenity access support competitive positioning for renewals and lease-up.
- Stable occupancy fundamentals with 94.7% neighborhood rate and strong rent growth
- Value-add potential through renovations in established 1987 building
- Projected 27.5% household growth and 32% income increases through 2028
- Proximity to Fortune 500 employers supports workforce housing demand
- Monitor capital expenditure needs and competitive pressure from ownership market