| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Poor |
| Demographics | 79th | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5940 Carlos Ave, Los Angeles, CA, 90028, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1997 |
| Units | 99 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5940 Carlos Ave Los Angeles Multifamily Opportunity
Dense amenity access and a high renter-occupied housing share in the immediate neighborhood point to a deep tenant base, according to WDSuite’s CRE market data. Positioning should focus on demand capture from nearby employment nodes while managing affordability pressure and lease retention.
This Urban Core location in Los Angeles sits in a neighborhood rated A- and ranked 293 out of 1,441 metro neighborhoods — competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods. Amenity density is a clear strength: restaurants and pharmacies rank at the top of national comparisons, with groceries and cafes also well above national norms, supporting day-to-day convenience and leasing appeal. Park access is limited within the neighborhood, so on-site or nearby private recreation can differentiate.
Renter demand fundamentals are supported by a high share of renter-occupied housing units in the neighborhood (renter concentration near the top of national comparisons), which typically translates into a larger prospective tenant pool and deeper renewal prospects. By contrast, neighborhood occupancy is below metro medians, suggesting operators should emphasize leasing velocity, renewals, and reputation management to sustain performance.
The property was built in 1997, newer than the neighborhood’s average vintage around 1970. That relative youth can be an advantage versus older local stock, though systems are no longer new; investors should underwrite selective modernization and common-area updates to sustain competitive positioning and justify premiums where feasible.
Within a 3-mile radius, demographics show a modest decline in population over the past five years alongside a slight increase in household count and smaller average household sizes. Forward-looking projections indicate growth in households by the latter part of the decade, implying a larger tenant base and continued renter pool expansion. Median contract rents in the 3-mile area have trended upward, reinforcing pricing power potential, but the neighborhood’s rent-to-income metrics indicate affordability pressure — an operational consideration for renewal strategies and concessions management.
From an income performance standpoint, neighborhood NOI per unit ranks in the top quartile nationally, signaling that well-executed assets here can perform competitively relative to U.S. peers. Given the mix of strong amenity access and renter depth with softer neighborhood occupancy and limited park space, investors may find the most success with product that emphasizes convenience, in-building amenities, and efficient operations.
Safety indicators are mixed but improving. The neighborhood’s overall crime rank is 496 out of 1,441 metro neighborhoods, which is competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods and aligns with a national safety percentile around the 70th. Nationally benchmarked offense rates sit closer to mid-range levels, but one-year trends show sharp declines in both property and violent offenses, indicating recent momentum in the right direction.
For investors, this suggests resident sentiment may benefit from recent improvements, while ongoing monitoring remains prudent. Positioning around controlled access, lighting, and visible management presence can help support leasing and retention without over-relying on broader area trends.
Proximity to entertainment, media, and technology employers supports a steady renter pipeline and commute convenience for residents, which can aid leasing and renewals. The nearby base includes Live Nation, Radio Disney, Disney, Microsoft, and CBRE Group.
- Live Nation Entertainment — entertainment (1.39 miles)
- Radio Disney — media (3.68 miles)
- Disney — entertainment (3.74 miles) — HQ
- Microsoft — software (5.17 miles)
- CBRE Group — commercial real estate services (5.18 miles) — HQ
5940 Carlos Ave is a 99-unit, 1997-vintage asset positioned in an Urban Core pocket with top-tier amenity density and a large renter base. The property’s relative youth versus the neighborhood’s older average stock can support competitive positioning with targeted modernization. According to commercial real estate analysis from WDSuite, neighborhood NOI per unit benchmarks in the top quartile nationally, while local occupancy trends and rent-to-income ratios call for disciplined pricing and renewal strategies.
Within a 3-mile radius, households have inched higher and are projected to grow further this decade, pointing to renter pool expansion even as average household sizes trend smaller. Nearby entertainment, media, and tech employers provide a diversified demand base. Balancing these strengths with affordability pressure and limited park space will be key to sustaining occupancy and rent growth.
- Urban Core location with top-tier amenity density supporting leasing appeal
- 1997 construction offers a competitive edge versus older neighborhood stock with value-add upside
- Strong renter concentration and nearby entertainment/tech employers deepen the tenant base
- Neighborhood NOI per unit ranks in the national top quartile, per WDSuite benchmarks
- Risks: softer neighborhood occupancy and affordability pressure require disciplined pricing and renewal management