| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 65th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 401 S La Fayette Park Pl, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2001 |
| Units | 56 |
| Transaction Date | 2000-08-03 |
| Transaction Price | $450,000 |
| Buyer | LAFAYETTE APT ASSOCIATES LP |
| Seller | 401 SOUTH LAFAYETTE LP |
401 S La Fayette Park Pl Los Angeles Multifamily Opportunity
2001-vintage, mid-size asset in an amenity-rich Urban Core location with deep renter demand and newer stock versus nearby 1970s inventory, according to WDSuite’s CRE market data. Elevated ownership costs in the neighborhood support sustained rental reliance while lease management remains important.
This Urban Core neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods (A-rated), signaling competitive fundamentals for multifamily. Amenity density is a clear strength: cafes, groceries, restaurants, parks, and pharmacies all sit near the top of national distributions, supporting walkable daily needs and renter convenience.
The property’s 2001 construction positions it newer than the neighborhood’s predominantly 1970s stock. That generally enhances leasing competitiveness against older buildings while leaving room for targeted system updates or common-area refreshes to drive rent premiums where appropriate.
Unit tenure data indicates a high share of renter-occupied housing within a 3-mile radius (about 88%), pointing to a sizable tenant base and stable demand for apartments. Over the past five years, households within 3 miles increased even as population edged down, reflecting smaller household sizes and a renter pool that continues to expand. Projections through 2028 show further growth in household counts, which can support occupancy stability and leasing velocity for well-positioned assets.
Pricing context is mixed for investors. Neighborhood home values are elevated versus national norms, which tends to reinforce renter reliance on multifamily housing and supports absorption. At the same time, rent-to-income ratios indicate some affordability pressure, suggesting a focus on renewal strategies and amenity-driven value rather than across-the-board aggressive rent pushes. Average school ratings around 3 out of 5 are roughly above the national median and adequate for workforce-oriented demand.
Neighborhood occupancy has moderated in recent years, placing a premium on effective leasing and retention tactics. However, average NOI per unit benchmarks in the area are above the national median, underscoring potential for durable cash flow in well-managed properties, based on CRE market data from WDSuite.
Safety indicators in this neighborhood are competitive among Los Angeles-Long Beach-Glendale neighborhoods and sit in the top quartile nationally, based on WDSuite’s comparative data. While any urban core can experience variability, recent year-over-year estimates show meaningful declines in both property and violent offense rates, a favorable trend for resident retention and leasing.
As always, investors should evaluate property-level measures and management practices alongside neighborhood trends to sustain a consistent resident experience over time.
Nearby corporate employment anchors include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Disney. Their proximity supports a steady commuter tenant base and underpins leasing stability for workforce-oriented units.
- CBRE Group — real estate services (1.9 miles) — HQ
- Microsoft — software & cloud (1.9 miles)
- Reliance Steel & Aluminum — metals distribution (2.0 miles) — HQ
- Live Nation Entertainment — entertainment & media offices (4.3 miles)
- Disney — media & entertainment (6.8 miles) — HQ
401 S La Fayette Park Pl offers a 56-unit, 2001-built asset in an A-rated Urban Core neighborhood with top-quartile amenities and a deep renter base. Elevated ownership costs in the area support renter reliance, while the property’s newer vintage versus local 1970s stock provides competitive positioning with potential for targeted value-add. According to CRE market data from WDSuite, neighborhood NOI per unit trends sit above national medians, whereas occupancy has moderated, emphasizing the need for strong leasing and renewal execution.
Within a 3-mile radius, households have been increasing and are projected to continue growing as average household sizes decline, expanding the renter pool. This supports long-term demand and retention potential, with affordability management and thoughtful capital planning as the primary execution risks.
- 2001 vintage — competitive versus older local stock with room for targeted upgrades
- Amenity-rich, top-quartile neighborhood supporting renter convenience and absorption
- Deep renter concentration within 3 miles expands the tenant base and supports occupancy
- NOI per unit benchmarks above national medians point to cash flow durability
- Risks: moderated neighborhood occupancy and rent-to-income pressure require disciplined leasing and renewal strategies