| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 727 S Carondelet St, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1995 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
727 S Carondelet St, Los Angeles Multifamily Investment
Renter demand in this Urban Core pocket shows depth and durability, with neighborhood occupancy holding in the low 90s and a very high share of renter-occupied units, according to WDSuite’s CRE market data.
Positioned in Los Angeles’s Urban Core, the property benefits from a dense amenity base that supports renter convenience. Nearby retail is robust, with grocery and restaurant concentrations ranking among the strongest nationally, and pharmacies also well represented. Park access is limited locally, which is typical for central Los Angeles and worth considering in positioning common-area amenities.
Neighborhood occupancy is 92.9% with a slight five-year uptick, signaling steady leasing conditions rather than peak tightness. The renter concentration is high—roughly nine out of ten housing units are renter-occupied—which points to a broad tenant base and consistent multifamily demand.
Within a 3-mile radius, recent trends show population edging lower while the number of households increases, indicating smaller household sizes and continued formation of renter households. Forward-looking projections point to further gains in households alongside higher median incomes, which can support rent growth and stabilize occupancy over time.
Home values in the neighborhood are elevated relative to national norms, a high-cost ownership backdrop that tends to sustain reliance on rental housing and can aid pricing power. At the same time, rent-to-income levels indicate some affordability pressure, suggesting investors should emphasize retention and lease management. Average school ratings trend below national medians; this primarily affects family-oriented demand segments and can be mitigated with property-level amenities and service quality.
Safety metrics compare favorably in context: the neighborhood is competitive among 1,441 Los Angeles-Long Beach-Glendale, CA metro neighborhoods and sits above the national average for safety (around the 70th percentile), based on CRE data from WDSuite. Year over year, both property and violent offense rates show marked declines, reinforcing a positive directional trend. As with most Urban Core locations, conditions can vary block to block, so investors typically pair these trends with on-the-ground observations during diligence.
Proximity to a diverse employment base supports resident retention and lease-up, with nearby roles spanning real estate services, technology, metals/industrial, and entertainment—specifically CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Avery Dennison.
- CBRE Group — real estate services (1.7 miles) — HQ
- Microsoft — technology (1.7 miles)
- Reliance Steel & Aluminum — metals/industrial (1.8 miles) — HQ
- Live Nation Entertainment — entertainment (4.7 miles)
- Avery Dennison — materials & labeling (7.0 miles) — HQ
Built in 1995 with 47 units, the property is newer than much of the surrounding stock, offering a competitive edge in an area where the average vintage skews older. That positioning can translate into lower immediate capital intensity versus prewar assets, while still allowing for targeted modernization as systems age. The neighborhood’s high share of renter-occupied housing and low-90s occupancy support demand depth and day‑to‑day leasing stability. According to CRE market data from WDSuite, elevated ownership costs locally reinforce renter reliance on multifamily housing, which can bolster pricing power for well-operated communities.
Within a 3-mile radius, households have been increasing even as population trends are flat to modestly lower, pointing to smaller household sizes and an expanding renter pool. Income trends are improving and rents are projected to continue rising, which can support NOI growth. Investors should balance these strengths against affordability pressure and typical Urban Core variability, emphasizing retention, service quality, and disciplined capex planning.
- 1995 vintage offers relative competitiveness versus older local stock, with selective value-add potential
- High renter concentration and steady low-90s occupancy support leasing stability
- Elevated ownership costs sustain rental demand and can enhance pricing power
- 3-mile household growth and rising incomes expand the tenant base over time
- Risks: affordability pressure, limited nearby parks, and Urban Core variability warrant active asset management