| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 47th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 451 S Kingsley Dr, Los Angeles, CA, 90020, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1990 |
| Units | 90 |
| Transaction Date | 1996-11-26 |
| Transaction Price | $1,820,500 |
| Buyer | KINGSLEY GRAND CORP |
| Seller | EMIF PROPERTIES #13 LP |
451 S Kingsley Dr Los Angeles Multifamily Investment
Positioned in an Urban Core pocket of Los Angeles with steady neighborhood occupancy in the low-90s, this 90-unit asset benefits from deep renter demand and proximity-driven leasing fundamentals, according to WDSuite’s CRE market data.
The property sits in a dense Urban Core location with strong daily convenience. Neighborhood amenities are extensive, with grocery, restaurant, cafe, childcare, and pharmacy density ranking among the highest nationally, supporting walkable living and day-to-day demand for rentals. School options average around 3 out of 5, indicating broadly serviceable education access within the area.
Neighborhood performance is above the metro median among 1,441 Los Angeles–Long Beach–Glendale neighborhoods, reflecting balanced fundamentals rather than outlier risk. Neighborhood occupancy has hovered near the national median and trended modestly higher over five years, which supports income stability for well-managed assets.
Construction in the area skews older (1950s average), while this property was built in 1990. That relative youth versus local stock can be a competitive advantage, though investors should plan for modernization of building systems and common areas to meet current renter expectations.
Tenure patterns indicate a high share of renter-occupied housing units in the neighborhood, translating to a large tenant base and consistent leasing traffic. Within a 3-mile radius, demographics show households have grown even as population edged lower, signaling smaller household sizes and a steady renter pool. Looking ahead, forecasts point to additional household growth, which should support occupancy stability and ongoing multifamily demand.
Home values in the neighborhood are elevated relative to national norms, a hallmark of this Los Angeles submarket. In investor terms, the high-cost ownership market helps sustain reliance on multifamily housing, reinforcing depth of demand and aiding lease retention and pricing power when assets are appropriately positioned.
Neighborhood safety indicators are competitive in a national context, with overall measures landing in the top quartile nationally. Recent year-over-year trends show notable declines in both property and violent offenses, indicating improvement rather than deterioration. These are neighborhood-level patterns, not property-specific conditions, and should be paired with on-the-ground diligence.
Compared with other areas across the country, the neighborhood reads as generally stable rather than high-risk, according to WDSuite’s data. As always in dense urban locations, security practices and asset-level controls remain relevant for resident experience and retention.
Proximity to major employers underpins workforce housing demand and commute convenience for residents. Nearby employment nodes include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Activision Blizzard Studios.
- CBRE Group — real estate services (3.0 miles) — HQ
- Microsoft — technology offices (3.0 miles)
- Reliance Steel & Aluminum — metals & distribution (3.1 miles) — HQ
- Live Nation Entertainment — entertainment offices (3.4 miles)
- Activision Blizzard Studios — media & gaming (5.6 miles)
This 90-unit asset at 451 S Kingsley Dr offers exposure to an amenity-rich Los Angeles Urban Core neighborhood with a large renter-occupied housing base and neighborhood occupancy near the national median. Elevated local home values reinforce reliance on multifamily housing, helping sustain tenant depth and lease retention for well-positioned properties. Built in 1990, the property is newer than much of the surrounding housing stock, which can provide a competitive edge; targeted upgrades may further enhance renter appeal and operating resilience. According to CRE market data from WDSuite, the neighborhood’s fundamentals have been stable to improving, with renters supported by strong access to services and employment nodes.
Within a 3-mile radius, households have increased and are projected to continue rising even as population growth remains flat to slightly negative, implying smaller household sizes and a resilient renter pool. Combined with dense amenities and nearby anchor employers, these dynamics support occupancy stability and measured rent growth for assets aligned to local price sensitivity.
- Urban Core location with top-tier amenity access supporting day-to-day renter convenience
- Large renter-occupied housing base provides depth of tenant demand and leasing stability
- 1990 vintage offers competitive positioning versus older neighborhood stock with value-add potential through modernization
- High-cost ownership market in Los Angeles supports rental reliance, aiding retention and pricing power
- Risks: urban-core safety considerations, affordability pressure for renters, and capex for upgrades to meet current standards