| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 34th | Poor |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 950 S Harvard Blvd, Los Angeles, CA, 90006, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2006 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
950 S Harvard Blvd, Los Angeles Multifamily Investment
Neighborhood renter-occupied housing is high, supporting a deep tenant base and steady leasing potential, according to WDSuite’s CRE market data. Occupancy trends should be evaluated against positioning and asset quality to sustain stability over the hold.
The property sits in an Urban Core Los Angeles neighborhood rated B+ that is competitive among 1,441 metro neighborhoods. Daily needs are well served: grocery and restaurant densities rank near the top of the metro, and both categories score in the highest national percentiles, which supports resident convenience and renter retention.
Amenities skew toward urban lifestyle depth. Cafes and pharmacies rank among the strongest concentrations locally, with national percentiles at or near the top. Park access is present and above the national median, adding leisure options that bolster livability for long-term renters.
Neighborhood occupancy is in the mid-to-high 80% range with a modest five-year softening, so underwriting should account for competitive positioning and leasing velocity. At the same time, the neighborhood’s renter concentration is high (measured as renter-occupied housing share), indicating robust multifamily demand depth and a sizable pipeline of prospective tenants for stabilized operations.
Within a 3-mile radius, demographics show a recent dip in population alongside an increase in households, implying smaller household sizes and a potential shift toward rental living. Projections continue this pattern with a larger household base through the next five years, which can expand the renter pool and support occupancy.
Home values in the neighborhood are elevated relative to incomes, and rent-to-income sits on the higher side, reinforcing reliance on multifamily housing but calling for disciplined lease management and renewal strategies. Average school ratings trail national benchmarks, so family-oriented demand may be more price- and convenience-sensitive; investors should emphasize unit livability, access to services, and commute connectivity.
Neighborhood safety indicators are above the national median overall, with the area performing better than many neighborhoods nationwide (around the 75th percentile). Within the Los Angeles metro, the neighborhood ranks competitively among 1,441 neighborhoods. Recent year-over-year trends point to notable declines in both property and violent offense estimates, indicating improving conditions; investors should still evaluate block-level patterns during diligence and align security measures with asset class and resident profile.
Proximity to major corporate offices supports a strong commuter renter base and helps sustain leasing fundamentals. Nearby employers include CBRE Group, Microsoft, Reliance Steel & Aluminum, Live Nation Entertainment, and AECOM.
- CBRE Group — commercial real estate services (2.9 miles) — HQ
- Microsoft — technology offices (3.0 miles)
- Reliance Steel & Aluminum — metals & distribution (3.0 miles) — HQ
- Live Nation Entertainment — entertainment corporate offices (4.0 miles)
- AECOM — engineering & infrastructure (6.5 miles) — HQ
Built in 2006, the 47-unit asset offers newer-vintage positioning versus the neighborhood’s older housing stock, which can reduce near-term capital needs and enhance competitive appeal; investors should still account for mid-life system upgrades and selective modernization to drive rent premiums. Elevated neighborhood renter-occupied share and dense urban amenities underpin a large tenant base and support occupancy, while high home values relative to incomes tend to sustain rental reliance.
According to CRE market data from WDSuite, the surrounding neighborhood shows strong amenity density and improving safety trends, with occupancy requiring attentive leasing and pricing strategy. Within 3 miles, household counts are rising despite a smaller overall population, indicating a shift toward smaller households and a broader renter pool that can support steady demand.
- 2006 construction provides competitive positioning versus older local stock, with targeted upgrades offering value-add upside
- High neighborhood renter-occupied share supports depth of demand and leasing stability
- Dense retail, grocery, and cafe access enhances livability and retention for urban renters
- Expanding household base within 3 miles indicates a larger renter pool to support occupancy
- Risks: neighborhood occupancy has softened and rent-to-income is elevated, warranting disciplined lease management and renewal strategies