| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 62nd | Good |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 512 Veteran Ave, Los Angeles, CA, 90024, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1985 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
512 Veteran Ave Los Angeles Multifamily Investment
Neighborhood-level data show a high renter-occupied share and a high-cost ownership market that together support durable leasing demand, according to WDSuite’s CRE market data.
Situated in Los Angeles s Urban Core with an A neighborhood rating, the area around 512 Veteran Ave benefits from dense amenities and strong daily-needs access. Restaurant and grocery concentrations rank in the upper tier nationally, supporting convenience and walkability that appeal to renters and can aid retention. Caf e9 and pharmacy availability also score in the higher national percentiles, reinforcing day-to-day livability for residents.
The property s 1985 vintage is newer than the neighborhood s average construction year of 1976. For investors, this typically means relatively competitive positioning versus older stock, while still planning for targeted modernization of common areas and building systems to meet current renter expectations.
Neighborhood tenure patterns indicate depth in multifamily demand: renter-occupied units account for a substantial share locally (neighborhood measure) and approximately 62% within a 3-mile radius. This concentration expands the prospective tenant base and can support leasing velocity, though rent-to-income dynamics suggest careful lease management.
Within a 3-mile radius, demographics point to a high-income renter pool and household growth ahead. Forecasts call for an increase in households and population growth by 2028, implying a larger tenant base and potential support for occupancy stability. Median contract rents are elevated relative to many U.S. submarkets and are projected to rise further, while home values are among the highest nationally a high-cost ownership backdrop that tends to sustain reliance on multifamily housing. Based on CRE market data from WDSuite, neighborhood occupancy has been steady in recent years; investors should monitor turnover and renewal trends given the area s pricing power and affordability pressures.
Safety indicators are mixed but improving. The neighborhood s overall crime rank is above the metro median among 1,441 Los Angeles-Long Beach-Glendale, CA neighborhoods, and national comparisons place the area modestly safer than average. Property offenses sit below national averages (lower national percentile), but recent data show a notable year-over-year decline, indicating momentum in the right direction. Violent offense measures also reflect improvement versus last year. As always, investors should assess property-level security, lighting, and access controls to align with renter expectations in an urban core location.
Proximity to major corporate offices and headquarters supports a diverse employment base and commute convenience for residents, reinforcing multifamily demand from professionals tied to energy, infrastructure, entertainment, and gaming.
- Occidental Petroleum energy (0.9 miles) HQ
- AECOM infrastructure & engineering (2.3 miles) HQ
- Activision Blizzard Studios media & entertainment (3.1 miles)
- Activision Blizzard gaming (3.3 miles) HQ
- Live Nation Entertainment live entertainment (3.3 miles) HQ
512 Veteran Ave is positioned in a high-amenity, Urban Core location where elevated home values and a sizable renter-occupied share underpin multifamily demand. According to CRE market data from WDSuite, the neighborhood delivers strong income fundamentals and amenity depth that support lease-up and retention, while occupancy at the neighborhood level has remained broadly stable over recent years. The 1985 vintage provides relative competitiveness versus older local stock, with potential to capture value through targeted renovations and modernization.
Within a 3-mile radius, forecasts point to population growth, an increase in households, and continued rent growth by 2028 all supportive of a larger tenant base and pricing power in a high-cost ownership market. Investors should balance this strength with affordability pressure signals and monitor renewal behavior and concessions to sustain occupancy stability.
- Urban Core location with high national amenity standing supporting renter appeal and retention
- 1985 vintage offers competitive positioning and value-add potential through selective upgrades
- Strong renter-occupied share locally and within 3 miles indicates depth of tenant demand
- Household and population growth forecasts through 2028 support a larger renter pool and rent durability
- Risk: elevated rent-to-income signals affordability pressure manage renewals and pricing to sustain occupancy