| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 45th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 836 S Berendo St, Los Angeles, CA, 90005, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1990 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
836 S Berendo St Los Angeles Multifamily Investment
Positioned in Los Angeles s urban core with dense amenities and a deep renter base, this asset sits in a neighborhood where renter-occupied housing is prevalent and supports durable demand, according to WDSuite s CRE market data.
Located in an Urban Core setting with a B neighborhood rating among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, the area delivers day-to-day convenience and steady renter demand. Dining and grocery access stand out as top tier nationally, supporting lease retention and absorption for workforce and professional renters who prioritize walkable amenities.
Renter concentration is high (renter-occupied share measured at the neighborhood level is among the highest in the metro), indicating a deep tenant pool for multifamily operators. While neighborhood occupancy is below national norms, operators typically offset this with active leasing strategies and amenity positioning that leverages the area s strong retail and service density.
Within a 3-mile radius, demographics show households increasing in recent years with projections for further gains, even as overall population trends ease. Smaller average household sizes imply more households per capita, which can expand the renter pool and support occupancy stability for well-managed assets.
Home values in the neighborhood rank high nationally, signaling a high-cost ownership market. For investors, elevated ownership costs can sustain reliance on multifamily housing and support pricing power, though lease management should account for rent-to-income pressures to balance retention and growth.
The average neighborhood construction year is older than this asset s 1990 vintage. Newer product relative to nearby stock can offer competitive positioning, while investors should still plan for modernization of systems and targeted renovations to meet current renter expectations.
Neighborhood safety indicators are competitive among Los Angeles-Long Beach-Glendale neighborhoods (1,441 total), with levels that compare favorably to many urban peers nationwide. Recent year-over-year estimates indicate declining property and violent offense rates, a constructive trend for renter sentiment and leasing stability.
As with any infill urban location, conditions can vary by block and time of day. Investors typically emphasize well-lit common areas, controlled access, and community engagement to align on-the-ground operations with the positive directional trends reflected in regional data.
Proximity to major employers supports a broad renter base and commute convenience, including CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and AECOM all within an easy radius that can reinforce demand and retention for professionally managed units.
- CBRE Group real estate services (2.35 miles) HQ
- Microsoft technology offices (2.40 miles)
- Reliance Steel & Aluminum metals & distribution (2.47 miles) HQ
- Live Nation Entertainment entertainment (4.19 miles)
- AECOM engineering & infrastructure (7.05 miles) HQ
836 S Berendo St is a 38-unit, 1990-vintage asset in an amenity-rich Urban Core neighborhood where renter-occupied housing is the norm and ownership costs are elevated. The property s relative youth versus the area s older stock provides competitive positioning, with scope for targeted value-add and systems modernization to meet today s renter preferences. Based on CRE market data from WDSuite, neighborhood fundamentals reflect strong amenity density and a deep tenant base, even as operators should plan for hands-on leasing due to occupancy softness at the neighborhood level.
Within a 3-mile radius, households have trended upward and are projected to expand further, implying a larger tenant base despite modest population contraction and smaller household sizes. For investors, the combination of high-cost homeownership, strong employer access, and improving safety trends supports long-term rentability, with prudent attention to affordability pressure and asset-level operations.
- 1990 vintage is newer than the neighborhood average, offering competitive positioning with potential for targeted modernization and value-add.
- High renter concentration and elevated ownership costs support a deep tenant base and pricing power for well-managed units.
- Amenity-rich Urban Core location with strong dining, grocery, and service density that aids lease retention.
- Proximity to major employers (CBRE, Microsoft, Reliance Steel & Aluminum, Live Nation, AECOM) underpins workforce demand and commute convenience.
- Risks: neighborhood occupancy sits below national norms and rent-to-income pressure requires careful lease management.