| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 56th | Good |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 540 S Normandie Ave, Los Angeles, CA, 90020, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2012 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
540 S Normandie Ave Los Angeles Multifamily Investment
Urban-core renter demand is supported by a high share of renter-occupied units in the surrounding neighborhood, while occupancy has trended upward at the neighborhood level, according to WDSuite’s CRE market data.
Located in Los Angeles’s Urban Core, the neighborhood ranks in the top quartile among 1,441 metro neighborhoods (A- rating), signaling competitive fundamentals for multifamily. Dense amenities are a clear strength: restaurants and cafes are among the most concentrated in the metro and rate highly versus neighborhoods nationwide, while groceries and pharmacies are similarly plentiful. Park access is limited locally, so on-site or nearby private open space can be a differentiator for leasing.
At the neighborhood level, occupancy has remained near the national midpoint with modest improvement over the last five years, and the share of housing that is renter-occupied is very high. For investors, that deep renter base supports tenant sourcing and helps stabilize occupancy through cycles. Median contract rents sit above many neighborhoods nationally, and home values are elevated for owners; both dynamics tend to keep households engaged with multifamily options and can support pricing power when units are well-positioned.
Within a 3-mile radius, demographics show a slight population contraction alongside a small increase in total households and a decline in average household size. This points to more, smaller households entering the market, which generally expands the renter pool and supports absorption. Forward-looking data indicates further household growth and continued reduction in household size, reinforcing demand for professionally managed apartments. These observations are grounded in WDSuite’s commercial real estate analysis.
Schools average around mid-range locally, and the neighborhood’s median household income is below national norms, so operators should calibrate unit finishes and amenity packages to balance value with rent levels. Taken together with the area’s strong amenity density and high renter concentration, the submarket offers durable demand drivers for well-maintained assets.
Neighborhood-level safety indicators compare favorably to many areas nationwide, with overall conditions above the national median. Recent year-over-year trends show notable declines in both violent and property offense estimates at the neighborhood level, suggesting near-term improvement rather than deterioration. As always, conditions can vary block to block in dense urban settings; investors should evaluate asset-specific security, lighting, and access controls as part of standard diligence.
All safety references here reflect neighborhood trends rather than property-specific conditions and are intended for comparative context within the Los Angeles metro and against national benchmarks.
Proximity to diversified employers in the Los Angeles core supports commuter convenience and leasing stability, notably in professional services, technology, entertainment, and industrial distribution. The nearby base includes CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Activision Blizzard Studios.
- CBRE Group — real estate services (2.8 miles) — HQ
- Microsoft — technology offices (2.9 miles)
- Reliance Steel & Aluminum — metals & distribution (2.9 miles) — HQ
- Live Nation Entertainment — entertainment offices (3.6 miles)
- Activision Blizzard Studios — gaming & media (5.7 miles)
Built in 2012, the 66-unit asset is materially newer than the surrounding neighborhood’s older housing stock, positioning it competitively on finishes and systems versus vintage alternatives. Larger average floor plans (around 1,220 sq. ft.) can attract longer-tenured renters and support rent premiums when paired with effective amenity programming. At the neighborhood level, occupancy has trended upward and sits near national midpoints, while a very high share of housing is renter-occupied — together indicating depth in the tenant base and support for leasing velocity. Elevated home values locally further sustain reliance on multifamily.
Within a 3-mile radius, households have increased even as population edged down, with forecasts pointing to more households and smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability. According to CRE market data from WDSuite, neighborhood rents and incomes suggest some affordability pressure; disciplined leasing and renewal management should help balance rent growth with retention.
- 2012 vintage and larger average unit sizes enhance competitive positioning versus older local stock.
- High neighborhood renter concentration supports demand depth and leasing stability.
- Dense amenity base and proximity to major employers underpin retention and pricing power.
- Forecast increase in households and smaller household sizes expand the local renter pool (3-mile radius).
- Risk: rent-to-income levels imply affordability pressure; prioritize renewal strategies and expense control to protect NOI.