| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 34th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 732 S Burlington Ave, Los Angeles, CA, 90057, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1996 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
732 S Burlington Ave Los Angeles Multifamily Investment
Renter concentration is high in this Urban Core pocket of Los Angeles, supporting depth of tenant demand according to WDSuite's CRE market data. Elevated ownership costs further sustain reliance on rentals, favoring steady occupancy and lease retention.
Situated in an Urban Core location with an A- neighborhood rating (ranked 369 among 1,441 metro neighborhoods), this address benefits from dense amenities and strong everyday convenience. Amenity access trends in the top quartile nationally, with grocery, restaurant, and pharmacy concentrations testing at high national percentiles, which supports resident retention and leasing velocity.
The neighborhood's housing stock skews older on average, and the property's 1996 vintage is newer than much of the surrounding inventory. For investors, that typically means relatively competitive positioning versus older product, while still planning for mid-life system modernization and selective value-add to meet current renter expectations.
Occupancy for the neighborhood sits around the national midpoint, indicating stable but competitive leasing conditions. Rent levels and income dynamics suggest active price sensitivity: rent-to-income is elevated locally, so asset management should emphasize renewal strategy and unit mix optimization. Notably, neighborhood-level NOI per unit performance ranks in the top decile nationally, a positive signal for operational potential when executed well (based on CRE market data from WDSuite).
Renter-occupied share is very high at the neighborhood level and within the surrounding 3-mile radius, indicating a deep tenant base and consistent multifamily demand. In the 3-mile radius, households have increased even as population has edged down, pointing to smaller household sizes and an expanding renter pool—trends that can support occupancy stability and broaden leasing funnels. Average school ratings are lower than regional norms, which may temper demand from family-oriented households but is less material for workforce and young professional segments.
Home values in the area are elevated relative to incomes and rank near the top nationally, creating a high-cost ownership market that reinforces renter reliance on multifamily housing. For investors, this typically supports lease retention and cushions against move-outs to ownership, even as affordability pressure warrants disciplined rent growth and renewal strategies.
Neighborhood safety indicators are mixed but improving. Overall crime measures perform above the national median (about the 67th percentile nationwide), suggesting comparatively safer conditions than many urban districts. At the same time, certain categories, such as violent incidents, still trail national leaders, underscoring the importance of standard on-site safety and lighting protocols.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood's crime rank (546 out of 1,441 neighborhoods) is competitive among metro areas, and recent year-over-year declines in both property and violent offenses are notable, with large improvements recorded. Investors can view the trendline as constructive while underwriting to current conditions and maintaining appropriate operational controls.
Proximity to major employers supports a steady renter pipeline and commute convenience, led by CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and Avery Dennison.
- CBRE Group — commercial real estate services (1.16 miles) — HQ
- Microsoft — software & cloud offices (1.22 miles)
- Reliance Steel & Aluminum — metals & distribution (1.28 miles) — HQ
- Live Nation Entertainment — entertainment offices (5.19 miles)
- Avery Dennison — materials & labeling (7.19 miles) — HQ
Built in 1996 with 62 units, 732 S Burlington Ave is positioned as newer product relative to the area's older stock, offering competitive appeal with manageable modernization needs. The submarket features dense amenities and a very high share of renter-occupied housing units, indicating a deep tenant base. Elevated home values versus incomes reinforce renter reliance on multifamily, while neighborhood occupancy trends hover near national norms, supporting steady operations when paired with disciplined leasing and renewal practices.
Within a 3-mile radius, households are rising even as population trends edge down, pointing to smaller household sizes and a larger renter pool that can support demand. According to CRE market data from WDSuite, local NOI per unit performance ranks among the stronger cohorts nationally, though affordability pressure and school quality require thoughtful underwriting, unit positioning, and resident retention strategies.
- 1996 vintage is newer than nearby stock, supporting competitive positioning with selective value-add and system updates.
- High renter-occupied share and dense amenities underpin a broad tenant base and leasing stability.
- Elevated ownership costs in the area sustain rental demand and can aid lease retention.
- Operational upside signaled by strong neighborhood NOI benchmarks, per WDSuite, with prudent expense and renewal management.
- Risks: affordability pressure and lower school ratings require careful underwriting and targeted resident experience.