| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 62nd | Good |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 555 Glenrock Ave, Los Angeles, CA, 90024, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1986 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
555 Glenrock Ave Los Angeles Multifamily Investment
Positioned in a high-demand West Los Angeles rental corridor, the neighborhood’s renter-occupied share and elevated ownership costs support durable leasing fundamentals, according to WDSuite’s CRE market data. Investors can underwrite steady demand drivers tied to proximity to major employers and amenity density.
Location and livability: The property sits in an Urban Core pocket of Los Angeles rated A overall and placed in the top quartile among 1,441 metro neighborhoods, based on CRE market data from WDSuite. Amenity density is a clear strength, with restaurants, cafes, groceries, and pharmacies ranking in the upper percentiles nationally — a convenience profile that typically supports renter retention and premium positioning.
Renter demand and tenure: At the neighborhood level, a majority of housing units are renter-occupied, indicating a deep tenant base for multifamily. Neighborhood occupancy performance should be evaluated carefully given mixed signals locally, but the combination of amenity access and near-term employment nodes helps support leasing velocity and renewal prospects.
Demographics within 3 miles: Aggregated 3-mile data point to a high-income renter pool and smaller average household sizes, which align with demand for well-located apartments. Households are projected to grow by nearly 40% by 2028 within the 3-mile radius, expanding the prospective renter base and supporting occupancy stability for professionally managed assets.
Affordability dynamics: Home values in the neighborhood are among the highest nationally, reinforcing renter reliance on multifamily housing. Neighborhood contract rents are also in upper national percentiles; investors should consider affordability pressure in underwriting, balancing pricing power with active lease management to sustain retention.
Neighborhood safety indicators compare around the metro median for Los Angeles-Long Beach-Glendale and are modestly above the national median, per WDSuite. Property crime measures remain elevated versus national norms, while recent year-over-year trends show meaningful declines in both property and violent offenses. Investors should pair these directional improvements with on-site security practices and resident-experience enhancements typical for Urban Core assets.
The immediate employment base includes energy, engineering, entertainment, and gaming headquarters within a short commute — a profile that supports workforce and professional renter demand as well as renewal stability. The list below reflects nearby anchors most relevant to the neighborhood.
- Occidental Petroleum — energy HQ (0.7 miles) — HQ
- AECOM — engineering & infrastructure (2.0 miles) — HQ
- Activision Blizzard Studios — entertainment & gaming (2.9 miles)
- Live Nation Entertainment — entertainment (3.1 miles) — HQ
- Activision Blizzard — gaming (3.2 miles) — HQ
555 Glenrock Ave offers exposure to a high-cost ownership market where renters rely on well-located apartments for access to jobs and amenities. The 1986 vintage is newer than the neighborhood’s average building age, positioning the asset competitively versus older stock while still leaving room for targeted modernization of interiors and building systems. According to CRE market data from WDSuite, neighborhood rent levels and amenity depth support pricing power, but prudent underwriting should balance that with local affordability considerations.
Within a 3-mile radius, the renter pool skews higher income and household sizes are trending smaller; households are projected to increase materially by 2028, suggesting a larger tenant base and support for occupancy stability. Nearby corporate anchors in energy, engineering, and entertainment further reinforce day-to-day leasing fundamentals and renewal prospects.
- Newer 1986 vintage versus local stock, with potential value-add via selective renovations and system upgrades.
- High-cost ownership market underpins sustained renter demand and supports rent positioning.
- 3-mile households projected to grow significantly by 2028, expanding the tenant base and aiding lease-up and renewals.
- Proximity to major employers (energy, engineering, entertainment) supports weekday occupancy and retention.
- Risk: affordability pressure and mixed neighborhood occupancy signals call for disciplined rent setting and resident retention strategies.