| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 62nd | Good |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 679 Gayley Ave, Los Angeles, CA, 90024, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1990 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
679 Gayley Ave Los Angeles 30-Unit Urban Multifamily
Neighborhood indicators point to a majority renter-occupied base and a high-cost ownership market that support sustained multifamily demand, according to WDSuite s CRE market data; these figures describe the surrounding neighborhood, not the property itself.
The area carries an A neighborhood rating and ranks 118 out of 1,441 Los Angeles metro neighborhoods, placing it in the top decile metro-wide for overall fundamentals. Amenity access is a standout, with restaurants, cafes, groceries, and pharmacies scoring in the top decile nationally a convenience profile that can enhance leasing interest and retention.
Rents benchmark well above national levels (97th percentile), while neighborhood occupancy trends sit below national medians. For investors, that combination suggests pricing power alongside the need for attentive leasing and renewal strategies.
The tenure mix skews renter-occupied, signaling a deeper tenant base and demand stability for multifamily relative to owner-occupied options. Elevated home values (99th percentile nationally) indicate a high-cost ownership market, which often reinforces reliance on rental housing and can support longer renter tenures and steadier retention.
Within a 3-mile radius, smaller average household sizes, rising incomes, and a projected increase in both households and population point to a growing renter pool over the next several years. This outlook supports occupancy stability and rent performance, based on CRE market data from WDSuite.
Vintage context: the typical neighborhood asset skews older (1970s). A 1990 construction can be relatively competitive versus older stock, though investors should plan for modernization of aging systems or selective renovations to align with current resident preferences.
Crime metrics are mixed but generally favorable versus national norms. Overall, the neighborhood sits around the 60th national percentile (safer than average) and ranks above the metro median (crime rank 636 out of 1,441). Recent year-over-year declines in both violent and property offense rates point to improving conditions.
Property crime remains a watch item relative to national benchmarks, even with improvement. Investors commonly address this through lighting, access control, and coordination with local resources to support resident satisfaction and retention.
The submarket benefits from nearby employers across energy, engineering, gaming, and entertainment, supporting workforce housing demand and commute convenience. Notable anchors include Occidental Petroleum, AECOM, Activision Blizzard Studios, Live Nation Entertainment, and Activision Blizzard.
- Occidental Petroleum energy (0.5 miles) — HQ
- AECOM — engineering & infrastructure (1.9 miles) — HQ
- Activision Blizzard Studios — gaming & entertainment studios (2.8 miles)
- Live Nation Entertainment — entertainment (2.9 miles) — HQ
- Activision Blizzard — gaming (3.2 miles) — HQ
679 Gayley Ave offers 30 units in an Urban Core location where renter demand is reinforced by elevated ownership costs and a majority renter-occupied housing stock. According to CRE market data from WDSuite, neighborhood rents sit well above national levels while occupancy trends are softer, suggesting room for pricing power alongside a need for consistent leasing execution.
Built in 1990, the asset is newer than much of the surrounding inventory, which can be an advantage against older stock. Within a 3-mile radius, forecasts indicate growth in households and population alongside shrinking household sizes, pointing to a larger tenant base over time. Investors should plan for measured capital improvements to modernize systems and manage potential affordability pressures to support retention.
- Amenity-rich Urban Core location with top-decile neighborhood positioning in the Los Angeles metro
- High-cost ownership market and strong renter concentration support depth of tenant demand
- 1990 vintage offers competitive positioning versus older stock, with selective value-add potential
- Forecast household growth within 3 miles expands the renter pool, supporting occupancy and rent performance
- Risks: softer neighborhood occupancy and affordability pressure require active leasing and renewal management