| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 81st | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 960 N Alfred St, Los Angeles, CA, 90069, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1988 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
960 N Alfred St Los Angeles Multifamily Investment
High renter concentration and a high-cost ownership backdrop indicate durable leasing demand in this Urban Core pocket, according to CRE market data from WDSuite.
Positioned in Los Angeles s Urban Core, the neighborhood ranks in the top quartile among 1,441 metro neighborhoods overall, supported by strong amenity access and solid housing fundamentals. Dining and daily needs are a clear strength: cafe and restaurant density sits in the top quartile metro-wide and performs well nationally, while grocery and pharmacy access trends above the metro median. For investors, this translates into lifestyle convenience that helps leasing velocity and retention.
The property s 1988 vintage is newer than the neighborhood s average construction year (1960s), offering relative competitiveness versus older stock. Investors should still anticipate selective modernization or system upgrades typical of late-1980s assets, but the age profile supports positioning against older comparables.
Neighborhood renter-occupied share is elevated, and within a 3-mile radius renters comprise a substantial portion of housing units, pointing to a deep tenant base. Occupancy for the neighborhood trends near the national middle, which, paired with strong household incomes, supports stability with room for operational execution to drive performance.
Within a 3-mile radius, recent years show smaller household sizes and modest population softness, but forward-looking projections indicate growth in households by 2028, implying a larger renter pool and support for occupancy. Elevated home values and a high value-to-income environment signal a high-cost ownership market that sustains reliance on multifamily rentals; at the same time, rent-to-income levels suggest measured affordability pressures that can aid renewal rates and pricing discipline.
Schools rate around the national median, which is serviceable for a broad renter audience, while amenities and higher educational attainment (top-tier nationally at the neighborhood level) bolster demand from professional tenants. Overall, this submarket s convenience, income profile, and renter concentration align with stable multifamily fundamentals, based on CRE market data from WDSuite.
Safety trends compare favorably in context: the neighborhood performs competitively among Los Angeles areas (relative rank better than many of the 1,441 metro neighborhoods) and sits above the national median, indicating comparatively safer conditions than many neighborhoods nationwide.
Recent year-over-year indicators show notable improvement in both violent and property offense rates, with declines that place the neighborhood among stronger improvers nationally. As always, investors should evaluate property-level controls and block-by-block variation, but the directional trend supports leasing stability and resident retention.
Proximity to major media, entertainment, engineering, and energy employers underpins a sizable professional renter base and supports retention through commute convenience. Key nearby employers include Live Nation Entertainment, Activision Blizzard Studios, AECOM, Occidental Petroleum, and Disney.
- Live Nation Entertainment entertainment (1.5 miles)
- Activision Blizzard Studios media & gaming (2.0 miles)
- AECOM engineering & infrastructure (3.1 miles) HQ
- Occidental Petroleum energy (4.4 miles) HQ
- Disney media & entertainment (5.5 miles) HQ
960 N Alfred St benefits from top-quartile neighborhood positioning within the Los Angeles metro, strong amenity access, and a renter-heavy housing landscape that supports depth of demand. Elevated home values and a high value-to-income environment reinforce renter reliance on multifamily, while rent-to-income levels point to manageable affordability pressure that can aid renewal and stabilize occupancy. According to CRE market data from WDSuite, neighborhood occupancy trends near the national middle, leaving room for operational upside through asset and revenue management.
Built in 1988, the asset is newer than much of the surrounding stock, offering a competitive starting point versus older properties while still allowing targeted value-add through interior updates and system modernization. Forward-looking 3-mile projections indicate household growth through 2028, supporting a larger tenant base and sustained leasing demand.
- Renter-heavy area and high-cost ownership market sustain multifamily demand and retention potential.
- Newer 1988 vintage versus local average enables competitive positioning with selective value-add upside.
- Amenity-rich Urban Core location supports leasing velocity and premium unit mix strategies.
- Near-term occupancy around the national middle presents operational upside via revenue management.
- Risks: limited nearby park access and variable school ratings; monitor demographic trends and maintain strong property-level security and maintenance programs.