| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 45th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 938 S Ardmore Ave, Los Angeles, CA, 90006, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | 1993-09-17 |
| Transaction Price | $890,000 |
| Buyer | BAY VIEW FEDERAL BANK FSB |
| Seller | SBS TRUST DEED NETWORK |
This established neighborhood offers investors a compelling combination of residential stability and growth potential. The area features mature infrastructure with well-maintained streets, reliable utilities, and convenient access to transportation networks.
Local amenities include shopping centers, dining establishments, and recreational facilities that contribute to tenant retention and property desirability. The neighborhood's balanced mix of housing types appeals to diverse rental demographics.
The area maintains community safety through established neighborhood watch programs and regular patrol coverage. Local emergency services provide responsive coverage with reasonable response times for the market segment.
Well-lit streets and maintained public spaces contribute to the overall security profile. The community demonstrates active engagement in safety initiatives and property maintenance standards.
The local employment landscape features a diversified mix of industries providing stable job opportunities for potential tenants. Major sectors include healthcare, education, retail, and professional services.
Several established employers maintain operations within commuting distance, supporting consistent rental demand. The area benefits from proximity to employment corridors and business districts that attract working professionals seeking convenient housing options.
This market presents attractive fundamentals for rental property investment. The combination of stable tenant demographics, reasonable property acquisition costs, and ongoing community development creates favorable conditions for cash flow generation.
Key investment advantages include manageable maintenance requirements, competitive rental rates relative to area income levels, and potential for steady appreciation. The neighborhood's established character and infrastructure reduce common investment risks while offering opportunities for value enhancement through strategic improvements.