| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 12th | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7800 S Figueroa St, Los Angeles, CA, 90003, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2003 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7800 S Figueroa St Los Angeles Multifamily Positioning
Neighborhood renter concentration and steady occupancy suggest durable tenant demand in this Urban Core pocket of Los Angeles, according to WDSuite’s CRE market data. Metrics cited reflect neighborhood conditions, not the property’s own performance.
Positioned in Los Angeles’ Urban Core, the area surrounding 7800 S Figueroa St shows renter-occupied housing concentration well above the metro median, indicating a deep tenant base for multifamily. Neighborhood occupancy is solid and competitive nationally, supporting leasing stability through cycles.
Everyday amenities are mixed: cafes and restaurants are dense by national standards (both high national percentiles), while parks and pharmacies are limited in the immediate neighborhood. Grocery access trends stronger than average nationally, which helps day-to-day livability for residents.
The local housing stock skews older than much of the nation, while this asset’s 2003 vintage is newer than the neighborhood average (1948), giving it a relative competitive edge versus legacy product and potentially lower near-term capital intensity, though modernization and systems updates may still be prudent.
Within a 3-mile radius, recent population growth has been modest, and households have grown, expanding the renter pool. Forward-looking demographic estimates show households continuing to increase even as total population is projected to soften, implying smaller household sizes and a broader leasing base that can support occupancy. Elevated home values relative to incomes in the neighborhood (a high national value-to-income percentile) point to a high-cost ownership market, which tends to sustain reliance on rentals and can aid retention and pricing power for well-positioned multifamily.
Rent levels in the neighborhood sit above national medians and have grown over the past five years. With rent-to-income ratios near 30%, operators should monitor affordability pressure and align renewal strategies and unit mixes to maintain occupancy while capturing achievable rent growth.
Safety indicators are mixed but improving in trend terms. Overall crime conditions rank competitive among Los Angeles-Long Beach-Glendale neighborhoods (better than roughly 60% of the 1,441 neighborhoods in the metro) and are stronger than the national average by percentile, while violent incidents compare less favorably at the national level.
One-year trend data shows notable improvement in both violent and property offense rates, placing the neighborhood among the stronger national improvers by percentile. Investors should underwrite to current, block-by-block realities and property-level measures, but the directional trend is favorable.
Proximity to major employers supports a broad workforce renter base and commute convenience, which can aid leasing velocity and retention. Key nearby employers include CBRE Group, Reliance Steel & Aluminum, Microsoft, Symantec, and Southwest Airlines.
- CBRE Group — corporate offices (5.9 miles) — HQ
- Reliance Steel & Aluminum — corporate offices (6.0 miles) — HQ
- Microsoft — technology offices (6.1 miles)
- Symantec — cybersecurity offices (6.3 miles)
- Southwest Airlines Counter — airline services (7.0 miles)
This 49-unit, 2003-vintage asset stands newer than much of the surrounding stock, offering relative competitiveness versus older neighborhood properties. Renter concentration is high and neighborhood occupancy trends are stable, supporting demand durability. According to CRE market data from WDSuite, the local ownership landscape is high-cost relative to incomes, which typically reinforces reliance on multifamily housing and can bolster retention for well-managed assets.
Within a 3-mile radius, recent population growth has been modest with an expanding household base; forecasts point to smaller household sizes and more households even as population eases, which can sustain the renter pool. Operators should balance this demand backdrop with prudent affordability and safety underwriting, using targeted renovations and resident services to capture achievable rent growth while maintaining occupancy.
- Newer 2003 vintage versus older neighborhood stock, supporting competitive positioning and manageable near-term capex
- High renter-occupied share and steady neighborhood occupancy underpin leasing stability
- High-cost ownership market sustains rental demand and can aid retention for quality units
- 3-mile household growth and smaller household sizes expand the tenant base despite softer population forecasts
- Risks: affordability pressure and mixed safety metrics warrant conservative underwriting and active asset management