| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 45th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 810 Fedora St, Los Angeles, CA, 90005, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1990 |
| Units | 33 |
| Transaction Date | 1994-10-03 |
| Transaction Price | $176,000 |
| Buyer | FEDORA MANAGEMENT LLC |
| Seller | KUNSKI ALAN S |
810 Fedora St Los Angeles Multifamily Investment
This 33-unit property benefits from strong renter demand in a neighborhood where 86% of housing units are renter-occupied, according to CRE market data from WDSuite.
This property sits in an Urban Core neighborhood with a B rating among 1,441 metro neighborhoods, ranking in the 57th percentile overall. Built in 1990, the building aligns with the neighborhood's 1969 average construction year, positioning it as newer vintage stock that may require less immediate capital expenditure compared to older area properties.
The neighborhood demonstrates exceptional renter demand with 85.9% of housing units occupied by renters, ranking 19th among all metro neighborhoods and placing it in the 99th national percentile. This rental concentration creates a stable tenant pool for multifamily operators. Current neighborhood occupancy stands at 88.5%, though this represents a decline from previous levels, suggesting operators should monitor lease management and renewal strategies.
Demographics within a 3-mile radius show a population of 536,210 with 87.1% of housing units renter-occupied. Median household income of $58,803 faces affordability pressure with a rent-to-income ratio ranking in just the 3rd national percentile. Forecasts indicate household growth of 30.7% by 2028, expanding the potential tenant base, while median rents are projected to increase 31.7% to $1,907.
The area offers strong urban amenities with restaurant density ranking 8th metro-wide and cafe density ranking 5th, both in the 100th national percentile. However, childcare and park access rank poorly, which may affect family tenant retention. School ratings average 2.0 out of 5, ranking in the 37th national percentile.
Safety metrics show mixed performance relative to the broader Los Angeles metro area. The neighborhood ranks 460th out of 1,441 metro neighborhoods for overall crime, placing it in the 72nd national percentile - above average compared to neighborhoods nationwide.
Property crime rates have declined significantly, dropping 76.7% year-over-year and ranking in the 97th national percentile for improvement. Violent crime rates also decreased substantially by 93.8%, ranking in the 99th national percentile for year-over-year reduction. These positive trends suggest improving neighborhood conditions that may support tenant retention and property values.
The property benefits from proximity to major corporate offices and headquarters, providing workforce housing opportunities for professionals in the greater Los Angeles employment corridor.
- CBRE Group — commercial real estate services (2.6 miles) — HQ
- Microsoft — technology (2.6 miles)
- Reliance Steel & Aluminum — metals & materials (2.7 miles) — HQ
- Live Nation Entertainment — entertainment & media (4.0 miles)
- Activision Blizzard Studios — gaming & technology (5.9 miles)
This 33-unit property built in 1990 operates in a neighborhood with exceptional rental market fundamentals, where 85.9% of housing units are renter-occupied - ranking in the 99th national percentile. The strong renter concentration provides a deep tenant pool, while demographic projections show household growth of 30.7% by 2028, supporting long-term occupancy stability. Average net operating income per unit of $11,163 ranks in the 85th national percentile, indicating solid revenue performance relative to comparable markets.
The property's 1990 construction year positions it as newer vintage compared to the neighborhood average of 1969, potentially reducing near-term capital expenditure needs. However, current neighborhood occupancy of 88.5% has declined from previous levels, and rent-to-income ratios rank in just the 3rd national percentile, creating affordability pressure that requires careful lease management and renewal strategies.
- Exceptional renter demand with 85.9% rental occupancy ranking 99th nationally
- Projected 30.7% household growth by 2028 expanding tenant base
- Above-average NOI per unit at $11,163 ranking 85th nationally
- Newer vintage building reduces immediate capital expenditure risk
- Declining neighborhood occupancy and affordability pressure require active management