| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 56th | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 421 S Berendo St, Los Angeles, CA, 90020, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1990 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
421 S Berendo St Los Angeles Multifamily Investment
Dense amenity access and a high renter-occupied housing share in the neighborhood support a deep tenant base, while occupancy has trended steady near the national midpoint, according to WDSuite’s CRE market data. This location offers durable demand drivers with pricing set against a high-cost ownership market.
Situated in Los Angeles’ Urban Core, the neighborhood scores competitive among Los Angeles-Long Beach-Glendale metro neighborhoods (ranked 283 of 1,441). Amenity access is a clear strength: cafes, restaurants, groceries, and pharmacies register at the top of national distributions, reinforcing walkable daily needs and lifestyle convenience for renters.
The share of housing units that are renter-occupied is very high (among the strongest nationally), signaling a deep and active multifamily renter pool. Neighborhood occupancy sits around the national midpoint and has improved modestly over the past five years, supporting baseline stability rather than outsized volatility. For context, home values in the area are elevated versus national norms, which tends to sustain reliance on rental housing and can aid retention for well-managed properties.
Within a 3-mile radius, demographics indicate a slight population contraction in recent years alongside an increase in total households and smaller average household sizes. Forward-looking projections in the same radius point to additional household growth and further reductions in household size, which can expand the effective renter base and support occupancy stability for well-positioned assets.
The property’s 1990 vintage is newer than the neighborhood’s average construction year (1976). That positioning can be an advantage versus older local stock, though investors should still plan for system updates and modernization to remain competitive among quality Class B assets.
School options in the area track near national midpoints, and neighborhood ratings for housing and demographics sit in the upper half nationally. Overall, this combination of renter concentration, amenity density, and household trends provides an attractive backdrop for multifamily operations.
Neighborhood safety compares favorably against national norms overall, with crime levels benchmarking above average safety nationwide based on WDSuite data. Recent year trends indicate notable declines in both violent and property offenses, which, if sustained, can support renter retention and leasing velocity.
Within the Los Angeles-Long Beach-Glendale metro, the area ranks 432 out of 1,441 neighborhoods on crime. Nationally, the neighborhood sits in the 73rd percentile for safety, placing it above the typical U.S. neighborhood. Investors should continue to monitor trend direction rather than relying on point-in-time readings.
Proximity to major corporate offices supports commute convenience and a diversified white-collar employment base that can bolster renter demand and lease stability. Nearby anchors include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Disney.
- CBRE Group — corporate offices (2.6 miles) — HQ
- Microsoft — corporate offices (2.6 miles)
- Reliance Steel & Aluminum — corporate offices (2.7 miles) — HQ
- Live Nation Entertainment — corporate offices (3.7 miles)
- Disney — corporate offices (6.5 miles) — HQ
421 S Berendo St benefits from a high renter-occupied housing share in the surrounding neighborhood, dense daily-needs and lifestyle amenities, and household growth within a 3-mile radius despite modest population contraction. These dynamics point to a durable tenant base and steady leasing fundamentals in a high-cost ownership market that tends to reinforce rental demand.
The 1990 vintage positions the asset newer than much of the local stock, offering a competitive edge with potential value-add through targeted modernization. Occupancy in the neighborhood trends near the national midpoint and has improved modestly; according to CRE market data from WDSuite, sustained household expansion and strong amenity access should support baseline occupancy and retention, while careful lease management can address affordability pressure typical of core Los Angeles.
- Deep renter base in an amenity-rich Urban Core supports leasing durability
- Newer 1990 vintage versus area average creates competitive positioning and value-add potential
- Household growth and smaller household sizes within 3 miles expand the effective renter pool
- Elevated ownership costs locally can aid retention and pricing power for well-managed assets
- Risk: affordability pressure and mid-range neighborhood occupancy require disciplined lease management