| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 45th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 742 S Harvard Blvd, Los Angeles, CA, 90005, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | 2018-12-21 |
| Transaction Price | $13,200,000 |
| Buyer | Limited California Properties, LLC |
| Seller | Ahn Family Trust 02/12/99, Private Investor, Harry Ahn, Price/unit and /sf |
742 S Harvard Blvd Los Angeles Multifamily Investment
Renter concentration and dense neighborhood amenities point to durable tenant demand, according to WDSuite’s CRE market data, while current neighborhood occupancy trends suggest asset performance will favor hands-on leasing and renewal management.
Located in Los Angeles’s Urban Core, the property sits in a neighborhood rated B that is competitive among 1,441 metro neighborhoods, with amenity access standing out versus both metro and national benchmarks. Cafe, grocery, and restaurant densities rank near the top locally, supporting walkable daily needs and helping sustain renter interest over time.
Renter-occupied share is high at both the neighborhood level and within a 3-mile radius, indicating a deep tenant base and steady multifamily demand rather than reliance on for-sale alternatives. Median home values are elevated for the area, which reinforces renter reliance on multifamily housing and can support lease retention and pricing power for well-managed assets.
Neighborhood NOI per unit sits in the top quartile nationally, based on CRE market data from WDSuite, signaling that comparable assets in this area have supported above-average operating performance historically. By contrast, neighborhood occupancy ranks below the metro median (1,441 neighborhoods), so underwriting should account for active leasing strategies and competitive positioning to capture demand.
Within a 3-mile radius, demographics point to smaller household sizes and an increasing number of households despite modest population contraction. This typically expands the renter pool and supports occupancy stability, especially for professionally managed buildings that can meet demand for convenient, well-located apartments.
Recent crime indicators for the neighborhood compare favorably to many parts of the region and are in the top quartile nationally, according to WDSuite’s data. The neighborhood’s crime rank is competitive among the 1,441 Los Angeles-Long Beach-Glendale neighborhoods, and year-over-year trends show notable declines in both property and violent offense rates.
Investors should still evaluate property-level security, lighting, and access controls, but the directional improvement and relative standing versus the metro support tenant retention and leasing narratives without overstating block-level safety.
Proximity to major corporate offices supports workforce housing demand and commute convenience for renters. Nearby employers include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and AECOM.
- CBRE Group — corporate offices (2.9 miles) — HQ
- Microsoft — corporate offices (3.0 miles)
- Reliance Steel & Aluminum — corporate offices (3.1 miles) — HQ
- Live Nation Entertainment — corporate offices (3.7 miles)
- AECOM — corporate offices (6.5 miles) — HQ
Built in 1985, the asset is newer than the neighborhood’s older housing stock, positioning it competitively versus pre-1970 product while leaving room for targeted modernization of interiors and systems to enhance rentability. Amenity-rich surroundings and a high renter-occupied share support a durable tenant base, and elevated area home values reinforce reliance on rental housing. According to CRE market data from WDSuite, neighborhood NOI per unit trends in the top quartile nationally, although neighborhood occupancy sits below the metro median—pointing to the importance of active leasing and renewals.
Within a 3-mile radius, households have been rising and are projected to continue increasing even as average household size declines, which typically expands the renter pool. Management should balance pricing with affordability considerations, as rent-to-income levels in the neighborhood imply some pressure that can affect turnover and retention.
- Newer 1985 vintage versus local average, with value-add potential through selective upgrades
- Dense amenities and high renter concentration support tenant demand and leasing
- Neighborhood NOI per unit trends in the top quartile nationally, per WDSuite’s CRE market data
- Risk: neighborhood occupancy is below metro median—requires proactive leasing and competitive positioning
- Risk: affordability pressure (rent-to-income) may impact renewals; focus on retention and unit-level value