| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 62nd | Good |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 403 Landfair Ave, Los Angeles, CA, 90024, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1988 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
403 Landfair Ave Los Angeles Multifamily Investment
This 32-unit property targets a high-income renter pool with strong retention fundamentals, positioned in a neighborhood where median household income reaches $124,315 according to CRE market data from WDSuite.
Located in an Urban Core neighborhood with an A rating, this property benefits from exceptional amenity density that supports tenant retention. The area ranks in the 98th percentile nationally for restaurant access with 34 restaurants per square mile, while grocery stores and cafes also demonstrate top-tier availability at 5.09 and 3.56 per square mile respectively.
Demographics within a 3-mile radius show a mature, high-income renter base with 40.6% of residents aged 18-34 and median household income of $124,315. The area maintains 62.1% renter-occupied units, creating a stable tenant pool. Forecasted data suggests household growth of 39.1% by 2028, with median household income projected to reach $173,680, indicating expanding rental demand from higher-income professionals.
The 1988 construction year aligns with neighborhood averages, requiring investors to budget for potential capital improvements while offering value-add renovation opportunities. Current neighborhood-level occupancy sits at 81%, ranking below metro median among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, suggesting careful lease management and competitive positioning will be essential.
Median contract rent of $2,536 places this submarket in the 97th percentile nationally, though rent-to-income ratios of 0.40 rank in the bottom quartile, indicating affordability pressure that requires attention to retention strategies and renewal management.
Property crime rates of 1,002 incidents per 100,000 residents rank in the bottom quartile among 1,441 metro neighborhoods, though recent trends show improvement with a 46.3% decline in property offenses year-over-year, ranking in the 86th percentile nationally for crime reduction.
Violent crime remains relatively contained at 71 incidents per 100,000 residents, with a notable 74.9% decrease over the past year placing the neighborhood in the 95th percentile nationally for violent crime improvement. Overall crime metrics rank around the metro median, requiring standard security considerations for multifamily operations.
The area benefits from proximity to major corporate headquarters and offices, providing workforce housing opportunities for professional tenants within reasonable commuting distance.
- Occidental Petroleum — energy sector headquarters (0.9 miles) — HQ
- AECOM — engineering and consulting headquarters (2.2 miles) — HQ
- Activision Blizzard Studios — gaming and entertainment offices (3.1 miles)
- Live Nation Entertainment — entertainment industry headquarters (3.2 miles) — HQ
- Activision Blizzard — gaming and technology headquarters (3.5 miles) — HQ
This 32-unit property targets Los Angeles's high-income professional renter segment, with demographic projections showing 39.1% household growth and rising median incomes reaching $173,680 by 2028. The 1988 construction vintage presents value-add renovation opportunities while maintaining structural integrity, and proximity to major corporate headquarters including Occidental Petroleum and AECOM supports consistent workforce housing demand.
According to multifamily property research from WDSuite, the neighborhood's exceptional amenity access ranks in the top national percentiles, supporting tenant retention despite current occupancy levels requiring active management. The high-rent, high-income market positioning offers pricing power potential as household formation accelerates, though affordability ratios warrant careful lease renewal strategies.
- Strong demographic fundamentals with 39% projected household growth by 2028
- Value-add renovation potential in a high-amenity Urban Core location
- Proximity to major employment centers supports workforce housing demand
- Risk consideration: Below-average occupancy requires proactive lease management