| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 47th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 634 N Alexandria Ave, Los Angeles, CA, 90004, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
634 N Alexandria Ave Los Angeles Multifamily Investment
Positioned in an Urban Core pocket with a high renter concentration and steady neighborhood occupancy, this asset benefits from durable in-place renter demand, according to WDSuite’s CRE market data. The location’s amenity density and proximity to major employers support retention and leasing velocity.
The property sits within an Urban Core neighborhood rated A- (competitive among Los Angeles-Long Beach-Glendale neighborhoods, with rankings assessed against 1,441 metro neighborhoods). Amenity access is a clear strength: restaurants, groceries, pharmacies, and cafes place the area in the top quartile nationally, supporting day-to-day convenience that helps leasing and retention.
Within a 3-mile radius, households have grown even as overall population edged lower, indicating smaller household sizes and a broadening renter pool. This dynamic typically supports occupancy stability and consistent absorption for multifamily assets. Average school ratings are modest but above the national midpoint, offering balanced family appeal without being the primary demand driver.
Ownership costs in this part of Los Angeles are elevated relative to income levels, which reinforces reliance on multifamily rentals and can bolster pricing power for well-located properties. From an investor perspective, this high-cost ownership market supports depth of tenant demand and can aid lease retention when paired with competitive finishes and professional management.
Neighborhood housing stock skews older than the metro norm, while this asset’s 1989 vintage positions it newer than much of the area. That relative positioning can reduce near-term capital exposure versus pre-1960s product, while still leaving room for targeted value-add to modernize systems and finishes where appropriate based on commercial real estate analysis from WDSuite.
Safety indicators are competitive for an urban Los Angeles location. Based on WDSuite’s data, the neighborhood scores in the upper quartile nationally for overall crime safety, and both violent and property offense rates show notable year-over-year improvement. This trend-oriented context suggests a more stable operating environment relative to many urban peers, though investors should continue to underwrite block-to-block variation typical of dense submarkets.
Proximity to major employers in entertainment, technology, and corporate services underpins workforce renter demand and commute convenience for residents. The following nearby anchors are most relevant to leasing stability and renewal prospects.
- Live Nation Entertainment — entertainment (2.9 miles)
- CBRE Group — commercial real estate services (3.3 miles) — HQ
- Microsoft — technology offices (3.3 miles)
- Reliance Steel & Aluminum — metals & distribution (3.4 miles) — HQ
- Disney — media & entertainment (5.4 miles) — HQ
Constructed in 1989 with 26 units, this asset offers scale for professional operations in a neighborhood where renter-occupied housing is dominant and occupancy has trended upward. Amenity-dense surroundings and access to major employers support a stable tenant base, while elevated ownership costs locally reinforce sustained reliance on multifamily housing. Based on commercial real estate analysis from WDSuite, the area’s older housing stock makes this late-1980s product relatively competitive, with selective renovation potential to further differentiate.
Within a 3-mile radius, households have increased and are projected to continue rising even as population remains flat to slightly lower, implying smaller household sizes and a larger renter pool over time. This backdrop supports occupancy stability and steady leasing, though investors should account for rent-to-income affordability pressure in underwriting and asset management.
- Urban Core location with top-quartile amenity access that supports retention and leasing velocity.
- Dominant renter concentration and rising household counts within 3 miles bolster multifamily demand and occupancy stability.
- 1989 vintage is newer than much of the surrounding stock, offering operating advantages and targeted value-add potential.
- Proximity to entertainment, tech, and corporate employers supports workforce housing demand and renewal likelihood.
- Risks: affordability pressure (rent-to-income), urban block-level variation, and the need to manage capex priorities to maintain competitiveness.