| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 88th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 630 Hauser Blvd, Los Angeles, CA, 90036, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1992 |
| Units | 39 |
| Transaction Date | 2002-09-20 |
| Transaction Price | $1,000,000 |
| Buyer | BURNETT ACQUISITION LLC |
| Seller | KRUSE DAVID R |
630 Hauser Blvd Los Angeles Multifamily Investment
This 39-unit property built in 1992 sits within a neighborhood ranking 26th among 1,441 Los Angeles metro neighborhoods, with 83.7% renter-occupied housing units supporting consistent rental demand according to WDSuite's CRE market data.
The property occupies a top-quartile neighborhood among Los Angeles metro areas, ranking 26th out of 1,441 neighborhoods with an A+ rating. Built in 1992, the property is notably newer than the neighborhood average construction year of 1955, positioning it competitively within an area where most buildings require more substantial capital improvements. With 83.7% of housing units renter-occupied—ranking 35th metro-wide—the area demonstrates strong rental market fundamentals that support occupancy stability.
Demographic data aggregated within a 3-mile radius shows a population of approximately 334,000 with household income patterns favorable to multifamily demand. The area maintains 76.8% renter-occupied units, reinforcing rental market depth. Median home values of $1.7 million create significant ownership barriers that sustain rental demand, though rent-to-income ratios indicate affordability pressure that requires careful lease management considerations.
The neighborhood offers strong amenity density with top-quartile national rankings for childcare facilities, pharmacies, and parks. Restaurant and grocery access rank in the 84th and 94th percentiles nationally, supporting tenant retention through walkable convenience. School ratings average 4.0 out of 5, ranking in the 84th percentile nationally, which appeals to family renters despite smaller average household sizes of 1.9 persons.
Five-year demographic projections within the 3-mile radius indicate 8.7% population growth and 36.3% household formation, expanding the potential tenant base. Forecast median household income growth of 42.2% to $123,158 suggests improving tenant quality, while projected rent increases of 33.9% to $2,535 indicate pricing power potential, subject to market absorption rates and competitive dynamics.
Safety metrics show the neighborhood ranking 419th out of 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 74th percentile nationally—above average compared to neighborhoods nationwide. Property offense rates have declined significantly by 79.8% over the past year, ranking in the 98th percentile for improvement trends, while violent offense rates dropped 96.6%, also ranking in the top percentile for positive change.
Current property offense rates remain elevated compared to some metro areas, though the substantial year-over-year improvements suggest stabilizing conditions. Investors should monitor crime trends as part of ongoing asset management, particularly for tenant retention and insurance considerations, while recognizing that the improving trajectory supports neighborhood fundamentals.
The property benefits from proximity to major entertainment, technology, and energy employers that anchor the Los Angeles employment base, supporting workforce housing demand within commuting distance of corporate headquarters and regional offices.
- Live Nation Entertainment — entertainment & media (2.5 miles)
- Live Nation Entertainment — entertainment & media (2.8 miles) — HQ
- Activision Blizzard Studios — gaming & technology (2.8 miles)
- AECOM — engineering & construction (3.8 miles) — HQ
- Occidental Petroleum — energy (5.3 miles) — HQ
This 39-unit Los Angeles property presents a value-add opportunity within a top-quartile neighborhood where 1992 construction provides competitive positioning against older area buildings while offering renovation upside potential. The 83.7% renter-occupied housing composition creates deep rental demand, while elevated home values of $1.7 million reinforce renter reliance on multifamily housing. Demographic projections within the 3-mile radius show 36.3% household growth and 42.2% median income increases through 2028, according to CRE market data from WDSuite, expanding both tenant base size and quality.
Neighborhood fundamentals include proximity to major employers like Live Nation Entertainment and AECOM headquarters within 3.8 miles, supporting workforce housing demand. Strong amenity access with top-quartile national rankings for childcare, parks, and retail density enhances tenant retention potential, while recent crime improvements of 79.8% reduction in property offenses indicate stabilizing conditions.
- Top-quartile neighborhood ranking (26th of 1,441) with A+ rating and strong rental market depth
- 1992 construction year offers competitive advantage over 1955 neighborhood average
- Projected 36.3% household growth and 42.2% income increases through 2028 within 3-mile radius
- Proximity to major corporate headquarters including Live Nation Entertainment and AECOM
- Risk consideration: Rent-to-income ratios indicate affordability pressure requiring active lease management