| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 60th | Good |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5340 Franklin Ave, Los Angeles, CA, 90027, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1972 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5340 Franklin Ave Los Angeles Multifamily Investment
Urban-core Los Angeles location with a high neighborhood renter-occupied share and deep amenity access supports durable demand, according to WDSuite’s CRE market data. Monitor lease management closely as occupancy trends vary across nearby blocks.
This Urban Core neighborhood carries an A rating and ranks 186 among 1,441 Los Angeles metro neighborhoods, placing it in the top quartile metro-wide. Dense amenity coverage stands out: restaurants, grocery, and pharmacies score in the 99th national percentile, reinforcing day-to-day convenience and renter appeal. Median contract rents benchmark above many U.S. neighborhoods (national 82nd percentile), which can support pricing power when paired with strong leasing execution.
Ownership is a high-cost proposition here (home values and value-to-income sit near the top of national distributions), which typically sustains reliance on multifamily rentals. At the neighborhood level, the renter-occupied share is elevated, indicating a sizable tenant base; within a 3-mile radius, data also show a strong renter concentration, supporting lease-up and renewal depth. That said, rent-to-income readings signal some affordability pressure, so renewals may hinge on thoughtful rent steps and resident retention tactics.
Demographic statistics are aggregated within a 3-mile radius: over the last five years, population edged down slightly while household counts increased, implying smaller household sizes and continued demand for rental units. Forward-looking estimates point to growth in both population and households over the next five years, suggesting a larger tenant base that can support occupancy stability as new supply competes.
Vintage matters for competitive positioning. Built in 1972, the property is newer than the neighborhood’s average construction year (1952). That relative youth can help versus older stock, while still leaving room for targeted system upgrades or value-add finishes to meet current renter expectations. Average unit sizes around 800 square feet position the property for practical one- and two-bedroom layouts common in urban Los Angeles.
Notable considerations: the neighborhood’s occupancy level tracks below national norms, so operators should prioritize marketing, amenities, and retention to offset localized softness. Average school ratings trail national averages, which may lessen appeal for some family renters but is less determinative for workforce and young professional demand typical of amenity-rich urban districts.
Comparable safety metrics here are favorable versus many U.S. neighborhoods (overall crime sits in the upper national percentiles), and recent trends show sharp year-over-year declines in both violent and property offenses, according to WDSuite’s CRE market data. Within the Los Angeles metro, this area performs above many peers, supporting renter retention and leasing narratives without overstating block-level variations.
Ranked outcomes should be read in context: the neighborhood’s crime ranking is competitive among Los Angeles neighborhoods (out of 1,441), and national percentile readings point to top-quartile outcomes overall. Operators should still apply standard safety measures and resident engagement, as conditions can vary within short distances in urban settings.
Proximity to major entertainment, media, and corporate offices underpins commuter convenience and helps stabilize renter demand. Nearby employers include Live Nation, Disney, Radio Disney, Avery Dennison, and Microsoft.
- Live Nation Entertainment — entertainment (2.2 miles)
- Disney — media & entertainment (3.7 miles) — HQ
- Radio Disney — media (3.9 miles)
- Avery Dennison — manufacturing & materials (4.6 miles) — HQ
- Microsoft — technology offices (4.8 miles)
With 27 units built in 1972, this property offers relative competitiveness versus older neighborhood stock and room for targeted value-add. The submarket’s elevated renter-occupied share, amenity density, and high-cost ownership landscape translate into a wide renter pool and potential pricing power, based on CRE market data from WDSuite. Operators should calibrate lease strategies to local affordability signals and the area’s below-average occupancy readings.
Three-mile demographics point to an increasing household count alongside smaller household sizes, with forward projections indicating growth in both population and households that can support occupancy stability. Neighborhood NOI performance trends strong nationally, while school quality and variable block-level safety conditions warrant standard risk controls rather than outsized concern.
- Newer-than-area-average 1972 vintage offers competitive positioning with potential renovation upside
- High renter concentration and dense amenities support leasing and renewal depth
- Elevated ownership costs in the area reinforce reliance on multifamily housing
- Projected growth in population and households (3-mile radius) supports occupancy stability
- Risks: below-average neighborhood occupancy, affordability pressure, and mixed school ratings require active management