| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 64th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7111 Ramsgate Ave, Los Angeles, CA, 90045, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1992 |
| Units | 34 |
| Transaction Date | 2015-12-08 |
| Transaction Price | $12,355,000 |
| Buyer | WESTCHESTER HOUSE LLC |
| Seller | RCK PROPERTIES INC |
7111 Ramsgate Ave, Los Angeles Multifamily Investment
Neighborhood fundamentals point to durable renter demand, with a deep base of renter-occupied housing and amenity density supporting leasing stability, according to WDSuite’s CRE market data.
Positioned in Los Angeles’ Urban Core, the property benefits from a neighborhood rated A- and ranked 252 out of 1,441 metro neighborhoods—placing it in the top quartile locally for overall performance. Amenity access is a clear strength: grocery, cafe, and restaurant availability track in high national percentiles, reinforcing daily convenience and supporting multifamily leasing.
Vintage matters for competitive positioning. Built in 1992, the asset is newer than the neighborhood’s average construction year of 1974, which can reduce near-term capital exposure relative to older stock while still allowing targeted modernization to elevate rents and retention.
The renter base is substantial at the neighborhood level, with roughly three-quarters of housing units renter-occupied. This concentration typically broadens the tenant pool and supports occupancy across cycles. Neighborhood occupancy trends are around the national midrange, and high amenity access—parks in the upper national percentiles—adds to livability and lease retention.
Within a 3-mile radius, demographics indicate a stable population with households edging higher over recent years and projected to continue growing. Median and mean household incomes have risen and are forecast to strengthen further, which supports rent levels and reduces turnover risk. Elevated home values compared with area incomes indicate a high-cost ownership market, tending to sustain reliance on multifamily rentals and underpin pricing power for well-positioned assets.
Safety indicators are competitive among Los Angeles neighborhoods, with the area comparing favorably to many neighborhoods nationwide. Recent data also points to notable year-over-year declines in both violent and property offenses, a constructive trend for tenant retention and leasing.
As always, safety conditions can vary by block and over time; investors should pair these neighborhood-level trends with on-the-ground diligence and property-level security planning.
Proximity to diversified employers supports workforce housing demand and commute convenience for residents. Nearby corporate offices span technology, consumer products, and airlines, providing a broad employment base reflected below.
- Symantec — software & cybersecurity (1.35 miles)
- Southwest Airlines Counter — airlines (2.38 miles)
- Microsoft Offices The Reserves — software (3.02 miles)
- Mattel — consumer products (3.78 miles) — HQ
- Activision Blizzard — video games & entertainment (5.56 miles) — HQ
7111 Ramsgate Ave offers investors exposure to an Urban Core neighborhood with top-quartile metro positioning and strong amenity access. According to CRE market data from WDSuite, neighborhood occupancy trends are around the national midrange but supported by a deep renter-occupied base and a high-cost ownership landscape—factors that typically reinforce renter demand and help sustain pricing power for well-maintained assets.
Constructed in 1992, the property is newer than the neighborhood average, indicating relatively competitive bones versus older stock, with potential to capture value through contemporary finishes and system upgrades. Within a 3-mile radius, households and incomes are trending upward and are projected to continue growing, expanding the tenant base and supporting lease stability. Key watch items include rent-to-income pressures and school quality, which call for careful lease management and amenity-led differentiation.
- Urban Core location with top-quartile standing among 1,441 metro neighborhoods and strong amenity access
- Newer 1992 vintage versus local average, enabling targeted value-add to enhance rents and retention
- Deep renter-occupied housing base and high-cost ownership context support durable multifamily demand
- 3-mile household and income growth outlook expands the tenant pool and supports occupancy stability
- Risks: rent-to-income affordability pressure and lower school ratings require disciplined lease and capex strategy