| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 623 S Rampart Blvd, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2005 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
623 S Rampart Blvd Los Angeles Multifamily Investment
2005-vintage, 36-unit asset in an Urban Core pocket where neighborhood occupancy remains steady and renter concentration is deep, according to WDSuite’s CRE market data. Elevated ownership costs locally help sustain renter demand relative to for-sale alternatives.
This Urban Core location is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 559 of 1,441), with dense daily-needs access and strong food-and-beverage coverage. Amenity depth benchmarks in the top quartile nationally, led by groceries (100th percentile), restaurants (99th), cafes (99th), and pharmacies (98th), though immediate park access is limited. School quality trails national averages, which may matter for family-oriented leasing strategies.
Neighborhood occupancy is 92.9% and has edged higher over the past five years; that level sits modestly above the national median (59th percentile), supporting lease stability at the neighborhood—not property—level. Average NOI per unit tracks near the national midpoint. The housing stock skews older (average 1947), which positions a 2005 property as newer than much of the competitive set, typically aiding tenant appeal and reducing near-term capital needs versus pre-war assets.
Renter-occupied share is exceptionally high at the neighborhood level (top national percentile), indicating a deep tenant base for multifamily demand rather than owner-occupied housing. Median contract rents benchmark above the national median, while the rent-to-income ratio signals some affordability pressure; investors should plan for disciplined lease management and thoughtful renewal strategies.
Within a 3-mile radius, population has inched lower while household counts have grown, pointing to smaller household sizes and a larger pool of households overall. Looking ahead, WDSuite’s data shows continued household growth and higher median incomes in the local radius, which supports renter pool expansion and potential absorption even if population growth is muted.
Safety signals are mixed in this part of Los Angeles. Nationally, the neighborhood benchmarks above the median for safety (around the 70th percentile), while within the Los Angeles-Long Beach-Glendale metro its crime rank (486 out of 1,441 neighborhoods) indicates conditions that are not among the metro’s safest areas.
Recent trends are constructive: both violent and property offense estimates have declined notably year over year, according to WDSuite’s CRE market data. As always, investors should underwrite property-level security and daytime/nighttime activation, and compare block-by-block observations to broader neighborhood trends.
Nearby employment centers include professional services and corporate headquarters within a short commute, which supports workforce housing demand and resident retention. Specifically, proximity to CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Avery Dennison underpins steady renter traffic.
- CBRE Group — real estate services (1.8 miles) — HQ
- Microsoft — technology offices (1.8 miles)
- Reliance Steel & Aluminum — metals & distribution (1.9 miles) — HQ
- Live Nation Entertainment — entertainment offices (4.5 miles)
- Avery Dennison — materials & labeling (6.7 miles) — HQ
623 S Rampart Blvd offers a 2005-vintage, 36-unit footprint that competes against predominantly mid-century stock, giving it a relative edge on systems and curb appeal. Neighborhood-level occupancy sits modestly above the national median with a very high renter-occupied share, indicating depth of tenant demand and support for leasing stability. Elevated for-sale home values in the area point to a high-cost ownership market, which tends to reinforce reliance on multifamily housing.
Within a 3-mile radius, households have increased while population has been flat to slightly down, implying smaller household sizes and a growing renter pool. According to CRE market data from WDSuite, amenity access is a clear strength, while affordability pressure (higher rent-to-income dynamics) and below-average school ratings warrant active lease management and targeted marketing to renter cohorts less sensitive to school quality.
- Newer 2005 construction versus older neighborhood stock supports competitiveness and may temper near-term capital needs.
- Neighborhood occupancy above national median and top-percentile renter concentration support demand depth and retention.
- High-cost ownership market sustains multifamily reliance and pricing power in comparable assets.
- Dense groceries, restaurants, and services provide lifestyle convenience that aids leasing and renewals.
- Risks: affordability pressure (higher rent-to-income), limited park access, and below-average school ratings may require proactive lease management.