| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 56th | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 504 S Normandie Ave, Los Angeles, CA, 90020, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
504 S Normandie Ave Los Angeles Multifamily Investment
Strong renter concentration and dense amenities in the surrounding neighborhood point to durable tenant demand, according to WDSuite s CRE market data. Neighborhood indicators suggest steady occupancy with pricing set by an urban-core location rather than property-specific concessions.
Rated A- and ranked 283 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, this Urban Core location is competitive among Los Angeles neighborhoods. Amenity access is a clear strength: neighborhood measures for restaurants, cafes, groceries, childcare, and pharmacies sit in the top national percentiles, supporting day-to-day convenience and leasing appeal for renters.
Renter-occupied housing accounts for a very high share of neighborhood units, indicating a deep tenant pool and reinforcing multifamily demand. Neighborhood occupancy is near the metro median, while rent levels trend with broader Los Angeles dynamics rather than outlier affordability. Elevated home values relative to incomes in the area signal a high-cost ownership market, which tends to sustain reliance on rental housing and can support retention.
Within a 3-mile radius, demographics show a slight population contraction alongside growth in total households historically, with projections calling for further household gains and smaller average household sizes. For investors, that combination points to a larger renter pool over time and demand skewed toward well-located, professionally managed apartments that can support occupancy stability.
The property s 1989 vintage is newer than the neighborhood s average construction year. That positioning typically offers competitive appeal versus older stock, while still leaving room for targeted system updates or renovations to drive rent premiums where appropriate.
School ratings in the neighborhood are around the national midpoint, which may place more emphasis on marketing to singles and roommate households typical of the Urban Core. Overall housing measures and NOI per unit trends track above national medians, supporting a pragmatic, operations-first leasing approach.
Neighborhood safety indicators are stronger than national averages, with the area sitting around the 73rd percentile for safety nationwide. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood ranks 432 out of 1,441, which is competitive among Los Angeles neighborhoods rather than an outlier.
Recent trend data shows notable year-over-year declines in both violent and property offense estimates, according to WDSuite s CRE market data. As always, investors should underwrite current operations using the most recent, property-level information and consider standard security and lighting best practices consistent with urban assets.
Nearby corporate employment anchors help support weekday traffic and renter demand, with convenient commutes to CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Disney.
- CBRE Group — commercial real estate services (2.84 miles) — HQ
- Microsoft — software & cloud (2.87 miles)
- Reliance Steel & Aluminum — metals & distribution (2.95 miles) — HQ
- Live Nation Entertainment — entertainment promoter (3.52 miles)
- Disney — media & entertainment (6.48 miles) — HQ
This 24-unit asset at 504 S Normandie Ave benefits from a deep renter base and amenity-rich Urban Core location. Neighborhood indicators point to steady leasing fundamentals: a high share of renter-occupied housing supports demand depth, while elevated ownership costs in Los Angeles reinforce reliance on multifamily housing and can aid retention. According to CRE market data from WDSuite, neighborhood occupancy trends sit near the metro median and NOI per unit levels track above national medians, signaling stable operations potential for well-managed assets.
Built in 1989, the property is newer than the average neighborhood vintage, offering competitive positioning versus older stock with potential to capture targeted value through renovations or systems modernization. Within a 3-mile radius, households are increasing and are expected to continue rising alongside smaller average household sizes, which typically expands the renter pool. Key risks to underwrite include affordability pressure relative to incomes and modest population contraction, which place a premium on disciplined lease management and asset-specific improvements.
- Urban Core location with top-tier amenity access supporting leasing velocity
- Deep renter base and high-cost ownership market bolster rental demand and retention
- 1989 vintage provides competitive positioning with selective value-add potential
- Household growth within 3 miles and smaller household sizes support occupancy stability
- Risks: affordability pressure, average school ratings, and slight population decline require disciplined operations