| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 84th | Best |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6543 Franklin Ave, Los Angeles, CA, 90028, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1990 |
| Units | 27 |
| Transaction Date | 2005-09-07 |
| Transaction Price | $321,000 |
| Buyer | 6543 FRANKLIN AVE LLC |
| Seller | FRANKLIN SKYLINE LLC |
6543 Franklin Ave Los Angeles 27-Unit Multifamily
Neighborhood renter-occupied share supports a deep tenant base in a high-cost ownership market, according to WDSuite’s CRE market data.
Located within the Los Angeles–Long Beach–Glendale Urban Core, the area around 6543 Franklin Ave ranks above the metro median for overall amenities (673 of 1,441), with strong grocery and dining density in high national percentiles. Cafes and pharmacies are less concentrated immediately nearby, so daily convenience trends toward supermarkets and restaurants over specialty storefronts.
Renter demand is supported by a high share of housing units that are renter-occupied across the neighborhood and within the surrounding 3-mile radius, implying depth in the tenant base and support for leasing velocity. Median home values are among the highest nationally, which tends to sustain reliance on multifamily rentals and can aid pricing power and lease retention for competitive communities.
Neighborhood demographics are competitive among Los Angeles–Long Beach–Glendale neighborhoods (upper-tier metro rank with strong national standing), including a sizable educated cohort. Within a 3-mile radius, household counts have edged higher even as average household size declines; forecasts call for further population and household growth through 2028, expanding the renter pool and supporting occupancy stability. Based on multifamily property research from WDSuite, local contract rents have trended upward over the past five years, consistent with coastal metro patterns.
The 1990 construction is newer than the neighborhood’s average vintage, which can improve competitive positioning versus older stock; investors should still plan for targeted system upgrades or common-area refreshes to align with current renter expectations.
Safety indicators benchmark above the national average (roughly top quartile nationally by WDSuite’s measures), and recent readings show notable year-over-year declines in both property and violent offense estimates. As with most Urban Core locations, conditions can vary by corridor; on-the-ground assessment and standard measures (access control, lighting, patrol coordination) remain important to maintain stability.
The area draws from nearby entertainment and media employers with additional corporate services nodes, supporting workforce housing dynamics and commute convenience for renters. Employers include Live Nation, Radio Disney, Disney, and additional Live Nation offices.
- Live Nation Entertainment — entertainment offices (0.7 miles)
- Radio Disney — media (3.3 miles)
- Disney — media and entertainment (3.6 miles) — HQ
- Live Nation Entertainment — entertainment offices (4.2 miles)
- Live Nation Entertainment — entertainment offices (4.3 miles) — HQ
This 27-unit asset sits in a renter-heavy Urban Core location where elevated home values support sustained reliance on multifamily housing, translating to a broad tenant base and potential pricing power for competitive product. According to CRE market data from WDSuite, neighborhood amenities outperform the metro median and contract rents have increased over five years, while safety indicators have trended favorably.
Built in 1990, the property is newer than much of the surrounding housing stock, offering relative competitiveness versus older buildings while still benefiting from targeted value-add upgrades. Forward-looking demographics within a 3-mile radius indicate growth in households and a smaller average household size, which generally expands the renter pool and can support occupancy stability. Key watch items include lease management around affordability pressure and thoughtful marketing to sustain absorption where occupancy trails national norms.
- Renter-heavy neighborhood and high-cost ownership market support durable multifamily demand
- 1990 vintage offers competitive positioning versus older stock with selective upgrade potential
- Amenities and safety trends compare favorably, aiding retention and rent growth potential
- 3-mile forecasts point to more households and a larger renter pool by mid-decade
- Risks: manage affordability pressure and monitor occupancy softness relative to national benchmarks