| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 45th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5311 Huntington Dr N, Los Angeles, CA, 90032, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1988 |
| Units | 48 |
| Transaction Date | 1996-08-28 |
| Transaction Price | $1,590,000 |
| Buyer | WHPX S REAL ESTATE LTD PARTNERSHIP |
| Seller | SEIF MIKE |
5311 Huntington Dr N Los Angeles Multifamily Investment
This 48-unit property benefits from strong neighborhood occupancy rates at 93.8% and a rental-heavy housing market with 54.6% of units occupied by renters, according to CRE market data from WDSuite.
The neighborhood ranks in the top quartile nationally for amenities (63rd percentile) with strong grocery store access at 6.16 stores per square mile, ranking 239th among 1,441 metro neighborhoods. The area maintains a 93.8% occupancy rate with median contract rents of $1,470, positioning it competitively within the Los Angeles market.
Demographics within a 3-mile radius show a stable renter base with 54.7% of housing units occupied by renters. The median household income of $94,403 has grown 44.5% over five years, while contract rents increased 36.8% during the same period. Forecasts indicate continued household formation with a 29% increase in total households projected through 2028, expanding the potential tenant pool.
Built in 1988, this property represents newer vintage compared to the neighborhood average construction year of 1951, potentially reducing near-term maintenance requirements. The urban core location provides access to childcare facilities (3.08 per square mile, 96th percentile nationally) and parks (1.54 per square mile, 91st percentile), supporting tenant retention through lifestyle amenities.
Home values averaging $803,394 with 60% appreciation over five years reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing. The rent-to-income ratio of 0.17 suggests manageable affordability for the existing tenant base while supporting lease renewal stability.
The neighborhood demonstrates improving safety trends with property offense rates declining 75.8% year-over-year, ranking in the 97th percentile nationally for crime reduction. Violent offense rates also decreased significantly by 94.6%, placing the area in the 100th percentile for improvement among metro neighborhoods.
Current property offense rates of 121.1 per 100,000 residents rank 298th among 1,441 Los Angeles metro neighborhoods, while violent offense rates rank 186th, indicating above-average safety performance relative to the broader metropolitan area. These trends support tenant retention and property stability considerations for long-term investment planning.
The property benefits from proximity to major corporate headquarters and offices that support workforce housing demand in the greater Los Angeles area.
- Edison International — utility services (5.5 miles) — HQ
- Reliance Steel & Aluminum — industrial materials (5.7 miles) — HQ
- Microsoft — technology offices (5.7 miles)
- CBRE Group — commercial real estate services (5.8 miles) — HQ
- Avery Dennison — materials and manufacturing (7.0 miles) — HQ
This 48-unit property constructed in 1988 positions investors to capitalize on stable rental fundamentals in an established Los Angeles neighborhood. With neighborhood occupancy rates at 93.8% and a renter-dominated housing market, the asset benefits from consistent demand drivers. Median household income growth of 44.5% over five years, combined with projected household formation of 29% through 2028, supports long-term tenant demand and rental rate stability.
The property's newer vintage relative to neighborhood norms reduces immediate capital expenditure needs while maintaining competitive positioning. According to multifamily property research from WDSuite, strong amenity access and improving safety metrics create favorable retention conditions. However, investors should monitor rent-to-income ratios and potential ownership competition as home values continue appreciating in the submarket.
- Strong occupancy fundamentals with 93.8% neighborhood rates and 54.7% renter-occupied housing units
- Income growth of 44.5% over five years supporting rental rate progression and tenant stability
- 1988 construction year provides competitive advantage over neighborhood average vintage of 1951
- Proximity to major employers including Edison International and Microsoft within 6 miles
- Risk consideration: Monitor ownership competition as home values have appreciated 60% over five years