| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 88th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 555 S Barrington Ave, Los Angeles, CA, 90049, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1988 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
555 S Barrington Ave Los Angeles Multifamily Investment
Positioned in a high-income Westside neighborhood with strong renter demand and an ownership market that skews high cost, this asset benefits from depth of tenant base and steady leasing conditions, according to WDSuite’s CRE market data.
The property sits in an Urban Core pocket of Los Angeles rated A+ and ranked 10th out of 1,441 metro neighborhoods, indicating competitive standing among Los Angeles-Long Beach-Glendale submarkets. Amenity density is a clear strength: restaurants and cafes track in the 99th percentile nationally, grocery access is in the upper 90s, and pharmacy availability is at the top of national comparisons. For residents, this concentration of daily-needs retail supports convenience and can aid lease retention.
Renter housing is well represented locally: WDSuite reports the neighborhood’s renter-occupied share at 71.4% (upper national percentile), and within a 3-mile radius renters account for about two-thirds of occupied units. For investors, that depth of renter households supports multifamily demand and broadens the leasing funnel, while the neighborhood occupancy rate sits near the national median—consistent with stable but competitive operations.
Income and home-value dynamics favor rental reliance. Median household income ranks high nationally, while home values are also elevated (upper-90s percentile), creating a high-cost ownership market that tends to sustain multifamily demand and pricing power. Median contract rents are similarly elevated, yet the rent-to-income ratio trends lower nationally, which can mitigate affordability pressure and support retention strategies.
Within a 3-mile radius, demographics indicate resilience and potential renter pool expansion. While population was roughly flat over the last five years, projections through 2028 point to growth in households alongside a smaller average household size. Coupled with rising median and mean incomes in the same radius, these trends can underpin demand for well-located apartments and support occupancy stability over the medium term, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed but trending in a favorable direction. The neighborhood’s overall crime standing is around the national middle, yet WDSuite’s data shows notable year-over-year declines in both violent and property offense rates. This improvement suggests momentum rather than a conclusion, and investors should consider standard on-site security and lighting measures to support resident comfort.
At the metro level, the neighborhood’s crime rank sits in the lower half when compared with 1,441 Los Angeles-Long Beach-Glendale neighborhoods, but the recent downward trend—especially the sizable reductions recorded over the last year—points to improving conditions relative to prior periods. As always, underwriting should align with current comps and trend data.
Nearby corporate anchors provide a diversified white-collar employment base that supports commute convenience and multifamily leasing, including Occidental Petroleum, Activision Blizzard, AECOM, Activision Blizzard Studios, and Abbott Laboratories.
- Occidental Petroleum — energy (1.4 miles) — HQ
- Activision Blizzard — interactive entertainment (2.8 miles) — HQ
- AECOM — engineering & infrastructure (3.0 miles) — HQ
- Activision Blizzard Studios — media production (4.0 miles)
- Abbott Laboratories — healthcare products (4.0 miles) — HQ
Built in 1988, the 112-unit asset offers relative competitiveness versus older neighborhood stock while leaving room for system upgrades or selective renovations over a hold period. The location’s top-tier amenity access, high renter concentration, and high-cost ownership context support a durable tenant base and consistent leasing performance. According to CRE market data from WDSuite, neighborhood occupancy trends sit near national norms while NOI per unit and income levels benchmark well versus national peers—favorable for long-term operations if managed with disciplined pricing and renewal strategies.
Forward-looking fundamentals are constructive: within a 3-mile radius, projections indicate growth in households, rising incomes, and smaller household sizes—factors that typically expand the renter pool and can support occupancy stability. Elevated neighborhood contract rents coexist with a comparatively lower rent-to-income ratio, which can help manage affordability pressure and sustain retention, though premium positioning requires vigilant expense control and asset-quality differentiation.
- High renter-occupied share and amenity-rich Urban Core location support steady leasing
- 1988 vintage provides competitive positioning with potential value-add via modernization
- Elevated incomes and high-cost ownership market reinforce multifamily demand and pricing power
- Household growth and smaller household sizes (3-mile radius) point to renter pool expansion
- Risks: competitive rent levels and mixed-but-improving safety metrics require prudent underwriting and asset management