| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 68th | Good |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 715 S Oxford Ave, Los Angeles, CA, 90005, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1991 |
| Units | 29 |
| Transaction Date | 1997-05-30 |
| Transaction Price | $1,760,000 |
| Buyer | SCK ASSOCIATES LLC |
| Seller | LUCKY DEVELOPMENT INTERNATIONAL INC |
715 S Oxford Ave Los Angeles Multifamily Investment
This 29-unit property in an Urban Core neighborhood benefits from strong renter demand, with 77.5% of housing units renter-occupied and above-average neighborhood NOI performance according to CRE market data from WDSuite.
Located in Los Angeles' Urban Core, this neighborhood demonstrates strong fundamentals for multifamily investment. The area ranks in the top quartile nationally for amenity access, with exceptional restaurant and cafe density that supports tenant retention. Renter-occupied units comprise 77.5% of housing stock, ranking 85th among 1,441 metro neighborhoods and reflecting sustained rental demand.
Built in 1991, the property aligns with the neighborhood's average construction year of 1978, positioning it competitively within the local housing stock. Neighborhood-level NOI per unit averages $9,165, ranking in the 75th percentile nationally and indicating solid revenue generation potential. Median contract rents of $1,687 have shown modest 5-year growth of 42%, while occupancy rates maintain stability at 90.1%.
Demographics within a 3-mile radius show a large renter base with 536,000 residents and 87% of housing units renter-occupied. The area attracts young professionals, with 32% of the population aged 18-34. Income growth trends support rental demand, with median household income rising 42% over five years to $59,662. Forecasts project continued household growth of 29.5% through 2028, expanding the potential tenant pool.
High home values at $813,484 median reinforce rental demand by keeping ownership costs elevated relative to renting. The rent-to-income ratio suggests affordability pressures that require careful lease management, though the strong renter preference and limited ownership conversion risk provide stability for occupancy planning.
Safety trends in this Urban Core neighborhood show recent improvement, with property crime rates declining 82% year-over-year and violent crime dropping 97%. The neighborhood ranks 363rd among 1,441 metro neighborhoods for overall crime, placing it above the metro median and in the 76th percentile nationally for safety performance.
Current property offense rates of 344 per 100,000 residents and violent crime rates of 18 per 100,000 residents reflect the substantial recent improvements. These downward trends support tenant retention and leasing stability, though investors should monitor whether these improvements sustain over time as part of ongoing property management considerations.
The surrounding area benefits from proximity to major corporate employers that support workforce housing demand, including several Fortune 500 headquarters and technology offices within commuting distance.
- CBRE Group — commercial real estate services (3.2 miles) — HQ
- Microsoft — technology offices (3.2 miles)
- Reliance Steel & Aluminum — metals and materials (3.3 miles) — HQ
- Live Nation Entertainment — entertainment and media (3.5 miles)
- Activision Blizzard Studios — gaming and technology (5.3 miles)
This 29-unit property built in 1991 operates in a neighborhood with strong multifamily fundamentals, including 77.5% renter occupancy that ranks in the top 1% nationally and neighborhood NOI averaging $9,165 per unit. The Urban Core location benefits from exceptional amenity density and proximity to major employers including CBRE Group and Microsoft headquarters within 3.5 miles. Based on multifamily property research, recent crime reductions of over 80% support improved tenant retention prospects.
Demographics within a 3-mile radius show 536,000 residents with 87% renter occupancy and projected household growth of 29.5% through 2028, expanding the tenant base. High median home values of $813,484 reinforce rental demand by maintaining elevated ownership costs. The property's 1991 construction year offers potential value-add opportunities while avoiding the major capital expenditure needs of older vintage assets.
- Strong renter demand with 77.5% neighborhood occupancy ranking top 1% nationally
- Above-average NOI performance at $9,165 per unit (75th percentile nationally)
- Projected 29.5% household growth through 2028 expanding tenant pool
- Proximity to major employers including CBRE Group and Microsoft headquarters
- Risk: Rent-to-income ratio requires careful lease management and renewal strategies