| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 77th | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4633 Vermont Pl, Los Angeles, CA, 90029, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 21 |
| Transaction Date | 2010-05-05 |
| Transaction Price | $2,767,027 |
| Buyer | THE R & Y RITCHIE FAMILY LIMITED PARTNERSH |
| Seller | RITCHIE YAEKO |
4633 Vermont Pl Los Angeles Multifamily Investment
Positioned in an amenity-rich Urban Core pocket of Los Angeles, the property benefits from a high share of renter-occupied housing in the surrounding neighborhood, supporting durable tenant demand. According to WDSuite’s CRE market data, local occupancy trends sit near national midpoints while proximity to major employers and services helps underpin leasing stability.
The immediate neighborhood ranks 53 out of 1,441 Los Angeles–Long Beach–Glendale neighborhoods, placing it among the most competitive sub-areas of the metro and in the top quartile nationally for overall quality, based on CRE market data from WDSuite. This Urban Core setting offers dense retail and daily-needs access that supports retention and day-one leasing.
Amenity access is a clear strength: cafes, restaurants, groceries, parks, and pharmacies score in the 95th–99th national percentiles, reinforcing convenience for residents and helping properties compete on lifestyle rather than concessions. Average school ratings are closer to the national middle, which suggests family demand may be more selective, but the broader amenity mix remains a draw for young professionals and downsizers.
Tenure dynamics favor multifamily: the neighborhood shows a high renter-occupied share, indicating depth of the tenant base and support for occupancy over the cycle. At the same time, the median home value sits in the 99th national percentile, signaling a high-cost ownership market that tends to sustain reliance on rental housing and can bolster pricing power and lease retention for well-maintained assets.
Demographic statistics are aggregated within a 3-mile radius: households have increased even as population has edged down, pointing to smaller household sizes and a broader number of leasing decisions in the trade area. Forecasts indicate further household growth ahead, which should expand the renter pool and support absorption, while rent levels remain anchored by meaningful income gains in the area.
Vintage context matters for competitiveness: the property’s 1989 construction is newer than much of the surrounding housing stock (which skews to the 1940s), positioning it favorably versus older walk-ups. Investors should still budget for system updates and modernization to capture value-add upside and to differentiate against both legacy inventory and newer product.
Safety indicators are mixed but improving. The neighborhood’s crime standing is competitive among Los Angeles metro neighborhoods (469 out of 1,441), and recent year-over-year trends indicate notable declines in both violent and property offenses. Nationally, violent and property offense levels track around the middle of the distribution, suggesting conditions that are neither outlier-strong nor materially weak compared with U.S. neighborhoods.
For investors, the takeaway is directional: comparative metro positioning combined with improving trends can help leasing and retention, while continued monitoring of submarket patterns remains prudent as part of ongoing asset management.
Proximity to corporate offices anchors weekday demand and short commutes for renters, with concentration in entertainment, technology, and corporate services from Live Nation, Microsoft, CBRE Group, Reliance Steel & Aluminum, and Avery Dennison.
- Live Nation Entertainment — entertainment (3.1 miles)
- Microsoft — technology (3.5 miles)
- CBRE Group — commercial real estate services (3.5 miles) — HQ
- Reliance Steel & Aluminum — metals & distribution (3.6 miles) — HQ
- Avery Dennison — materials & labeling (4.9 miles) — HQ
4633 Vermont Pl offers exposure to a top-performing Los Angeles Urban Core neighborhood with dense amenities and a deep renter base. Based on CRE market data from WDSuite, the area’s occupancy sits near national midpoints, but a high share of renter-occupied units and strong nearby employment underpin demand and lease-up resilience. The local ownership market is high-cost by national standards, which typically sustains reliance on multifamily and supports pricing power for well-positioned assets.
Built in 1989, the property is newer than much of the surrounding housing stock, giving it an edge on functionality while leaving room for selective renovations to drive rent premiums. Household counts are rising within a 3-mile radius even as population flattens, expanding the number of potential leases and supporting steady absorption. Key risks include average school performance and occupancy that is not at the top of national distributions, warranting disciplined operations and targeted capital planning.
- Amenity-rich Urban Core location with top-quartile national positioning and strong daily-needs access
- High renter-occupied share and nearby employers support a durable tenant base and leasing stability
- 1989 vintage provides competitive positioning versus older stock with value-add modernization potential
- High-cost ownership market reinforces rental demand and can aid pricing power and retention
- Risks: occupancy near national midpoint and average school ratings require focused leasing and asset management