| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 60th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 813 Alpine St, Los Angeles, CA, 90012, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1992 |
| Units | 56 |
| Transaction Date | 1999-08-17 |
| Transaction Price | $3,480,000 |
| Buyer | PLAZA 6000 PARTNERS |
| Seller | MAY WAH INVESTMENT INC |
813 Alpine St Los Angeles Multifamily Investment
Neighborhood occupancy is in the mid-90s and renter concentration is high, supporting a deep tenant base near Downtown Los Angeles, according to WDSuite’s CRE market data. This positioning can aid leasing stability while offering operational upside from a 1992 vintage asset.
Located in Los Angeles s Urban Core, the property benefits from a neighborhood rated A and positioned in the top quartile among 1,441 metro neighborhoods (ranked 108), indicating competitive fundamentals versus the broader metro. Amenity access is a standout, with the neighborhood also in the top quartile locally (ranked 11 of 1,441) and high national percentiles for cafes, restaurants, parks, and pharmacies a mix that supports day-to-day convenience and renter retention.
The average building vintage in the neighborhood skews older (1953), while this property was built in 1992. The newer vintage enhances competitive positioning versus older stock and may reduce near-term capital friction, though targeted modernization can still unlock value and support rent positioning over time.
Demand drivers are reinforced by renter-occupied housing at the neighborhood level and within the surrounding 3-mile radius, indicating a large renter pool that supports leasing velocity and occupancy stability. Within 3 miles, households increased in recent years while average household size decreased; forecasts point to further household growth alongside a modest population contraction, suggesting smaller household sizes and a continued shift toward rental housing a setup investors can evaluate through multifamily property research from WDSuite without over-relying on any single indicator.
Ownership costs in the neighborhood are elevated relative to income levels (high national percentiles for home values and value-to-income), which tends to reinforce reliance on multifamily rentals and can support pricing power and lease retention. At the same time, rent-to-income levels indicate some affordability pressure, which calls for attentive lease management and renewal strategies.
Safety metrics are competitive among Los Angeles neighborhoods (crime rank sits within the stronger half of 1,441 neighborhoods) and land in the upper tier nationally. Recent data also shows meaningful year-over-year improvement in both property and violent offense rates, a constructive trend for long-term operations and tenant retention.
As always, investors should view these indicators as neighborhood-level context rather than block-specific guarantees, using them to inform underwriting assumptions and on-the-ground diligence.
Proximity to major employers underpins workforce housing demand and commute convenience, notably in technology, commercial real estate services, metals distribution, entertainment, and materials manufacturing the same employers highlighted below.
- Microsoft technology (0.89 miles)
- Reliance Steel & Aluminum metals distribution (0.93 miles) HQ
- CBRE Group commercial real estate services (1.00 miles) HQ
- Live Nation Entertainment entertainment (6.25 miles)
- Avery Dennison materials & packaging (6.46 miles) HQ
813 Alpine St is a 56-unit, 1992-built asset positioned in an Urban Core neighborhood with strong amenity access and a deep renter base. Neighborhood occupancy is near mid-90s and renter-occupied share is high, supporting a broad tenant pool and potential leasing durability. The property s newer vintage relative to the area s older stock can be advantageous in competing for quality-conscious renters, while selective upgrades may capture incremental rent positioning. Elevated ownership costs locally help sustain rental demand, though attentiveness to rent-to-income levels remains important for retention.
Household growth within the surrounding 3-mile radius, alongside smaller household sizes, points to ongoing renter pool expansion even as population growth moderates. According to CRE market data from WDSuite, the neighborhood sits in the top quartile within the metro and shows improving safety trends, creating a favorable backdrop for steady operations and value-add execution.
- Urban Core location with top-quartile neighborhood fundamentals in the Los Angeles metro
- 1992 vintage competing well versus older local stock, with targeted modernization potential
- High renter-occupied share and mid-90s neighborhood occupancy support leasing stability
- Elevated ownership costs reinforce demand for multifamily housing near DTLA
- Risk: affordability pressure and uneven school ratings warrant conservative renewals and asset management