| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 78th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4429 Inglewood Blvd, Los Angeles, CA, 90066, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | 2002-03-11 |
| Transaction Price | $630,000 |
| Buyer | VENICE COMMUNITY HOUSING CORP |
| Seller | NATIONAL HOUSING DEVELOPMENT CORP |
4429 Inglewood Blvd Los Angeles Multifamily Investment
Positioned in a high-cost ownership pocket of Los Angeles, the asset benefits from strong renter reliance and steady neighborhood occupancy, according to WDSuite s CRE market data. Investor focus here is tenant demand depth and retention potential rather than outsized lease-up risk.
The property sits in an Urban Core neighborhood rated A- and ranked 242 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, placing it in the top quartile locally. That standing reflects balanced fundamentals: neighborhood occupancy is above the national median, and elevated home values in the area help sustain multifamily demand by keeping the renter pool deep.
Renter concentration is high (a large share of housing units are renter-occupied), signaling a deep tenant base and supportive conditions for lease stability. Within a 3-mile radius, households have grown recently and are projected to expand further, with smaller household sizes over time factors that typically increase demand for rental units and support occupancy stability.
Day-to-day convenience is a strength: neighborhood amenities score well nationally for cafes and restaurants, with grocery access also above average. Parks and pharmacies are less concentrated immediately nearby, which may modestly reduce walk-to convenience for those specific needs. For investors, the amenity mix supports renter appeal while suggesting a tenant profile that values food, childcare, and service access.
Construction vintage across the neighborhood skews older than this asset s 1986 build year. Being newer than the area average positions the property competitively against older stock, while still calling for prudent capital planning around systems modernization and common-area refreshes. This context, combined with strong incomes locally and a high-cost ownership market, underpins pricing power and lease retention, as supported by commercial real estate analysis from WDSuite.
Safety trends are competitive among Los Angeles-Long Beach-Glendale neighborhoods, with overall crime conditions comparing favorably to many areas nationally. Recent year-over-year improvements in both violent and property offenses rank in the top quartile nationally, indicating momentum in the right direction without implying block-level outcomes.
Investors should view safety as a relative, evolving metric: conditions compare well within the metro and have improved versus last year, yet dynamics can vary by micro-location and over time. Framing risk and insurance assumptions with these comparative trends, rather than singular data points, is the appropriate approach.
Nearby employers support a diverse, white-collar renter base and commute convenience, led by software, cybersecurity, video games, airlines, and healthcare. These anchors can help sustain leasing velocity and retention.
- Microsoft Offices The Reserves software (1.4 miles)
- Symantec cybersecurity (1.8 miles)
- Activision Blizzard video games (2.5 miles) HQ
- Southwest Airlines Counter airlines (3.5 miles)
- Abbott Laboratories healthcare (3.8 miles) HQ
With 32 units averaging roughly 812 square feet, 4429 Inglewood Blvd offers scale suitable for professional management in a neighborhood that performs in the top quartile across the Los Angeles metro. The local ownership market is high-cost, which reinforces reliance on rental housing and supports pricing power. According to CRE market data from WDSuite, neighborhood occupancy sits above national norms and the renter-occupied share is elevated, indicating depth of tenant demand and potential for steady lease retention.
The 1986 vintage is newer than the neighborhood average, providing a relative competitive edge versus older stock. Investors should still plan for targeted modernization of building systems and finishes to capture value-add upside. Within a 3-mile radius, population and household counts are expected to grow, with smaller household sizes conditions that generally expand the renter pool and help sustain occupancy over the hold period.
- High-cost ownership market supports durable multifamily demand and pricing power
- Elevated renter concentration and above-median neighborhood occupancy underpin lease stability
- 1986 vintage enables strategic value-add through systems and finishes modernization
- 3-mile population and household growth point to a larger tenant base over time
- Risks: limited nearby parks/pharmacies and cyclical exposure; monitor any local occupancy softening