| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 88th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 612 S Cochran Ave, Los Angeles, CA, 90036, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
612 S Cochran Ave Los Angeles Multifamily Investment
Positioned in an Urban Core pocket with steady renter demand and improving neighborhood occupancy, this mid-size 58-unit asset offers durable cash-flow potential according to WDSuite’s CRE market data. Newer construction for the area supports competitive positioning versus older stock nearby.
The property sits in a high-performing Los Angeles-Long Beach-Glendale, CA neighborhood rated A+, competitive among Los Angeles-Long Beach-Glendale neighborhoods (26th of 1,441). Amenity access is a clear strength: parks, pharmacies, restaurants, and daily needs score in the top quartile nationally, supporting resident convenience and lease retention.
Average neighborhood construction year is 1955, while this asset was built in 1989. The later vintage typically reduces near-term functional obsolescence versus older buildings, though investors should still plan for system updates typical of late-1980s construction when executing a value-add or modernization program.
Renter concentration is high at the neighborhood level, with 83.7% of housing units renter-occupied, indicating a deep tenant base for multifamily. Neighborhood occupancy has trended upward in recent years and sits slightly above national midpoints, a constructive backdrop for pricing power and renewal capture based on CRE market data from WDSuite.
Within a 3-mile radius, WDSuite data indicate a large, educated renter pool and strong incomes alongside elevated ownership costs. Median home values are among the highest nationally, which tends to sustain reliance on multifamily housing and bolster lease retention. School quality averages around 4 of 5 (above national norms), and amenity density further supports livability — a combination consistent with stable, core urban renter demand.
Looking ahead, 3-mile demographics point to renter pool expansion: household counts are projected to grow while average household size edges down, which generally translates to more households seeking rental options. This dynamic, paired with robust neighborhood amenities, supports occupancy stability over a multi-year hold, according to WDSuite.
Neighborhood safety metrics are favorable in a comparative context. Overall crime levels rank competitive among Los Angeles-Long Beach-Glendale neighborhoods (419th of 1,441), and national positioning is above average (74th percentile overall; 64th percentile for violent offenses). This suggests comparatively safer conditions versus many urban peers nationwide.
Recent WDSuite indicators show notable year-over-year declines in both property and violent offense rates at the neighborhood level, a constructive trend investors often associate with easier leasing and better resident retention. As always, safety can vary by block and over time; investors should corroborate trends with current, on-the-ground diligence.
Proximity to media, entertainment, engineering, and professional services employers supports workforce housing demand and commute convenience for residents. Nearby anchors include Live Nation Entertainment, Activision Blizzard Studios, AECOM, CBRE Group, and Occidental Petroleum.
- Live Nation Entertainment — entertainment (2.5 miles)
- Activision Blizzard Studios — gaming & media (3.0 miles)
- AECOM — engineering & infrastructure (4.0 miles) — HQ
- CBRE Group — real estate services (5.4 miles) — HQ
- Occidental Petroleum — energy (5.6 miles) — HQ
This 1989-vintage, 58-unit asset benefits from a deep renter base in an A+ neighborhood where occupancy has improved and remains around national midpoints, according to CRE market data from WDSuite. Newer construction relative to the area’s 1950s average positions the property competitively versus older stock, with potential to capture renewals and disciplined rent trade-outs through targeted upgrades.
Within a 3-mile radius, WDSuite indicates strong incomes, high-cost ownership conditions, and projected growth in household counts alongside smaller household sizes — signals that typically support renter pool expansion and occupancy stability. Dense amenities and above-average schools further reinforce leasing fundamentals, while investors should plan for typical late-1980s system refreshes and monitor cyclical exposure to nearby entertainment and professional services employment.
- Late-1980s construction outcompetes older neighborhood stock; targeted modernization can enhance positioning.
- High renter concentration and improving neighborhood occupancy support tenant-demand depth.
- 3-mile outlook shows household growth and smaller household sizes, reinforcing renter pool expansion.
- Elevated ownership costs sustain reliance on multifamily, aiding retention and pricing power.
- Key risks: aging 1980s systems (capex planning) and industry-cycle sensitivity tied to nearby employers.