| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 68th | Good |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 735 Gramercy Dr, Los Angeles, CA, 90005, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1992 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
735 Gramercy Dr Los Angeles Multifamily Investment
Strong renter concentration and a high-cost ownership landscape underpin steady demand in this Urban Core pocket of Los Angeles, according to WDSuite’s CRE market data. The neighborhood’s A rating and metro-top-quartile standing signal durable fundamentals for a 28-unit asset.
The neighborhood ranks 180 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile locally with an A neighborhood rating. Amenity density is a clear strength: restaurants and cafes rank near the very top of the metro, and grocery and pharmacy access also score well. These features support leasing velocity and resident retention for professionally managed multifamily.
Renter concentration is high at the neighborhood level and within a 3-mile radius, indicating a deep tenant base that can support occupancy across market cycles. While neighborhood occupancy is around the metro’s lower half, the prevalence of renter-occupied units suggests stable absorption for well-positioned properties, particularly those with functional layouts and responsive operations.
Home values sit in a high-cost ownership market (nationally high value-to-income ratios), which tends to sustain reliance on rental housing and can support pricing power when units are well maintained. Median rent levels are above national norms and have trended upward over the last five years; forward-looking rents in the 3-mile radius are projected to continue rising, which can benefit renewal economics when paired with proactive lease management.
The average neighborhood construction year trends older (late 1970s). By comparison, the subject’s 1992 vintage should be relatively competitive against older local stock, though investors should budget for aging systems and selective modernization to capture rent premiums. Average school ratings are below national medians, which may limit family-oriented demand but is less of a headwind for smaller-unit mixes catering to singles and roommates common in Urban Core settings.
Relative to the Los Angeles metro, the neighborhood’s safety profile is competitive (ranked in the safer quartile: 363 out of 1,441). Nationally, the area aligns above average overall, with indicators pointing to a safer-than-typical environment compared with many urban core neighborhoods.
Recent trend data from WDSuite shows sharp year-over-year declines in both property and violent offense estimates at the neighborhood scale. Even so, property offense measures sit around the national midpoint, while violent offense trends remain better than average nationally. As with any dense urban location, conditions can vary by block and over time; prudent owners typically incorporate lighting, access controls, and resident engagement to maintain stability.
Nearby corporate offices create a diverse white-collar employment base that supports renter demand and short commutes. Key employers include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and AECOM.
- CBRE Group — real estate services (3.4 miles) — HQ
- Microsoft — technology offices (3.5 miles)
- Reliance Steel & Aluminum — metals & distribution (3.5 miles) — HQ
- Live Nation Entertainment — entertainment (5.1 miles) — HQ
- AECOM — engineering & infrastructure (6.0 miles) — HQ
This 28-unit, 1992-vintage asset benefits from a metro-top-quartile neighborhood with strong amenity access and a deep renter pool. The 3-mile radius shows a high share of renter-occupied housing and growing household counts with smaller average household sizes, pointing to a resilient base for studios and one-bedrooms and supporting occupancy stability. According to CRE market data from WDSuite, the area’s ownership costs are elevated relative to incomes, which typically sustains reliance on multifamily housing and can support disciplined rent strategies.
Relative to older local stock, the 1992 vintage can compete well with targeted upgrades; investors should plan for system modernization to capture premiums. Neighborhood occupancy metrics sit in the metro’s lower half, making operations and unit quality important levers. Limited park access and below-average school ratings are considerations; however, the location’s amenity depth, diversified employer base, and renter concentration provide durable demand drivers over a full cycle.
- Urban Core location ranked in the metro’s top quartile with A-rated fundamentals
- Deep renter base and high-cost ownership market support pricing power and retention
- 1992 vintage offers value-add potential versus older neighborhood stock
- Employer proximity (CBRE, Microsoft, Reliance, Live Nation, AECOM) underpins leasing demand
- Risks: metro-below-median occupancy, limited park access, and lower school ratings require active asset management