| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 230 S Grevillea Ave, Inglewood, CA, 90301, US |
| Region / Metro | Inglewood |
| Year of Construction | 1992 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
230 S Grevillea Ave Inglewood Multifamily Opportunity
Neighborhood fundamentals point to durable renter demand, with a high share of renter-occupied units and occupancy around the low-90s at the neighborhood level, according to WDSuite’s CRE market data. The 1992 vintage provides a competitive edge versus older local stock while leaving room for targeted upgrades.
Set within Inglewood’s Urban Core, the property benefits from a renter-driven housing base: the neighborhood reports a high share of renter-occupied housing units, supporting a deep tenant pool and steady leasing velocity. Neighborhood occupancy is reported around the low-90s, which is slightly above national norms but varies across Los Angeles submarkets, per WDSuite’s CRE market data.
Livability drivers are mixed but serviceable for workforce renters. Grocery and park access register in the top quartile nationally, and restaurant density is similarly strong. By contrast, cafe and pharmacy density is limited in the immediate area. Within the Los Angeles-Long Beach-Glendale metro, overall amenity positioning is competitive among 1,441 neighborhoods (ranked in the better third), signaling convenient daily needs coverage without being a lifestyle outlier.
The average neighborhood construction year skews older (mid-1960s), while this asset’s 1992 vintage is newer than much of the local stock—often translating to fewer near-term systems issues and competitive positioning against pre-1970s properties. Select modernization may still be warranted to capture value-add upside and support rent trade-outs.
Demographic indicators are aggregated within a 3-mile radius. Recent years show flat-to-soft population trends, but projections indicate growth in households alongside slightly smaller average household sizes, which can enlarge the renter pool over time and support occupancy stability. Median contract rents in the area have risen over the last five years with further growth forecast, suggesting continued pricing power if unit quality and management execution remain strong.
On the ownership side, elevated home values relative to incomes characterize a high-cost ownership market for the neighborhood, which generally sustains reliance on rental housing and can aid lease retention. School quality indicators trail national benchmarks, so underwriting should lean on workforce proximity, commute convenience, and unit competitiveness rather than school-driven demand.
Safety signals are improving in context. Neighborhood crime indicators sit above national safety averages (higher national percentiles indicate safer areas), and recent year-over-year trends show declines in violent offenses. Within the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, the area performs competitively rather than exceptionally, suggesting conditions that many workforce renters consider manageable with standard property-level security practices.
Investors should frame safety as a comparative factor: stronger than many urban-core peers nationally and competitive among Los Angeles neighborhoods, yet still requiring prudent operations such as lighting, access control, and resident engagement to support retention.
Proximity to diversified employers supports a broad renter base and commute convenience, spanning technology, consumer products, and transportation. Nearby anchors include Symantec, Southwest Airlines, Mattel, Microsoft, and Activision Blizzard.
- Symantec — cybersecurity (2.7 miles)
- Southwest Airlines Counter — airline services (2.9 miles)
- Mattel — consumer products (3.5 miles) — HQ
- Microsoft Offices The Reserves — technology offices (4.3 miles)
- Activision Blizzard — interactive entertainment (7.0 miles) — HQ
230 S Grevillea Ave offers a 40-unit footprint in an Urban Core neighborhood where renter-occupied housing is prevalent and occupancy trends remain around the low-90s. Based on CRE market data from WDSuite, amenity access is strong for essentials (grocery, parks, restaurants), which underpins day-to-day livability and helps sustain leasing. The 1992 construction year is newer than the area’s older average stock, positioning the asset to compete effectively while allowing for value-add renovations to drive rent premiums and operational upside.
Three-mile demographics indicate stable to expanding household counts over the forecast period and rising rent levels, pointing to a larger tenant base and potential for measured pricing power. Elevated ownership costs relative to income reinforce reliance on multifamily rentals, which can support retention and occupancy stability when paired with disciplined asset management. Key watch items include school quality, safety perceptions common to urban-core settings, and affordability pressure that calls for careful lease management.
- Renter-heavy neighborhood and competitive occupancy support depth of demand
- 1992 vintage offers competitive positioning versus older local stock with value-add potential
- Strong grocery, park, and restaurant access supports livability and leasing stability
- Forecast household growth in the 3-mile radius points to a larger renter pool
- Risks: below-average school ratings, urban-core safety perceptions, and affordability pressure requiring careful rent/renewal strategy