| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 40th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 462 S Burlington Ave, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2003 |
| Units | 40 |
| Transaction Date | 2001-05-18 |
| Transaction Price | $485,000 |
| Buyer | BURLINGTON CITY LIGHTS |
| Seller | NADEL BERTHA |
462 S Burlington Ave Los Angeles Multifamily Investment
Amenity-rich Urban Core location with a deep renter base and neighborhood occupancy near the national midpoint, according to WDSuite’s CRE market data, supports steady leasing fundamentals. Investor focus centers on renter demand durability rather than outsized growth.
Situated in Los Angeles’s Urban Core, the property benefits from a neighborhood rated A- and competitive among 1,441 metro neighborhoods (ranked within the top 40%). High-access amenities stand out: dining, groceries, parks, and daily needs score in the top quartile nationally, underpinning convenience for residents and supporting leasing velocity.
Housing dynamics point to multifamily depth. The share of renter-occupied units in the neighborhood is among the highest in the metro, indicating a large tenant pool and consistent demand for rentals. Neighborhood occupancy sits around the national midpoint, suggesting stable but competitive operations where active management and renewal strategies matter.
Within a 3-mile radius, households have increased while average household size has trended lower, and WDSuite’s data projects further growth in household counts over the next five years. Even with a modest population decline forecast in the same radius, a rising household base implies a larger pool of renters and supports occupancy stability for professionally managed assets.
Ownership costs are elevated locally compared with national benchmarks (home values rank in the high national percentiles), which typically sustains reliance on rental housing and can aid lease retention. At the same time, rent-to-income ratios indicate affordability pressure relative to national norms, warranting disciplined pricing and resident retention programs. Average school ratings track slightly below national midpoints—an underwriting consideration for family-oriented demand—but amenity access and commute convenience help balance the profile for urban renters.
Vintage context matters: built in 2003, the asset is newer than much of the surrounding housing stock, which skews to mid-20th-century construction. That positioning can enhance competitiveness versus older inventory, though investors should still plan for system updates and selective modernization to meet today’s renter expectations.
Neighborhood safety metrics present a mixed but improving picture. Overall safety performance is competitive among Los Angeles neighborhoods and sits around the mid-to-upper range nationally. According to WDSuite’s data, recent year-over-year trends show meaningful declines in both violent and property offense rates, which supports a constructive trajectory for long-term operations.
From an underwriting standpoint, investors should balance the positive trend with prudent on-site measures—lighting, access control, and resident engagement—to support tenant retention and protect NOI. Comparative framing is most appropriate here; block-level conclusions are not warranted.
The immediate area draws from a diversified employment base that supports weekday traffic and renter demand, led by professional services and corporate offices including CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Avery Dennison.
- CBRE Group — commercial real estate services (1.1 miles) — HQ
- Microsoft — technology offices (1.1 miles)
- Reliance Steel & Aluminum — metals & distribution (1.2 miles) — HQ
- Live Nation Entertainment — entertainment & media offices (5.1 miles)
- Avery Dennison — materials & manufacturing (6.8 miles) — HQ
462 S Burlington Ave is a 40-unit, 2003-vintage asset positioned in an amenity-rich Los Angeles Urban Core neighborhood with a deep renter base. The property’s relative youth versus older neighborhood stock supports competitive positioning and potential for targeted value-add through modernization rather than wholesale repositioning. According to CRE market data from WDSuite, neighborhood occupancy trends are near national midpoints, while renter concentration is among the highest in the metro—factors that generally support leasing stability when paired with proactive renewals and marketing.
Elevated ownership costs locally reinforce reliance on rental housing, which can aid retention and pricing power. Within a 3-mile radius, household counts have grown and are projected to expand further, even as average household size declines—dynamics that typically translate into a larger tenant base and ongoing demand for well-located multifamily units. Key watch items include affordability pressure relative to national norms, modest school ratings, and the need for continued safety and asset management to protect NOI.
- 2003 construction offers competitive positioning versus older local stock with selective modernization upside
- Deep renter-occupied housing base supports demand durability and lease-up consistency
- Amenity-rich Urban Core location underpins resident convenience and retention
- Household growth within 3 miles expands the tenant pool and supports occupancy stability
- Risks: affordability pressure, modest school ratings, and ongoing safety/asset management needs