| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 25th | Poor |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 924 S Osage Ave, Inglewood, CA, 90301, US |
| Region / Metro | Inglewood |
| Year of Construction | 2002 |
| Units | 91 |
| Transaction Date | 2023-06-22 |
| Transaction Price | $11,500,000 |
| Buyer | OSAGE VILLAS LP |
| Seller | OSAGE SENIOR VILLAS LIMITED PARTNERSHIP |
924 S Osage Ave Inglewood Multifamily Investment
High renter concentration and steady neighborhood occupancy suggest durable leasing fundamentals, according to WDSuite’s CRE market data. The property s Urban Core location supports dependable demand from renters seeking proximity to jobs and daily amenities.
Located in Inglewood s Urban Core, the property benefits from a deep renter base and strong day-to-day convenience. Neighborhood occupancy has held in the high 90s, supporting stability for professionally managed assets. The area s renter-occupied share of housing units is high, indicating a broad tenant pool and consistent leasing velocity.
Amenity access is a relative strength: grocery availability ranks 6th among 1,441 Los Angeles metro neighborhoods (top quartile), with restaurants and cafes performing near the top nationally. This density of essentials and food options supports retention and reduces friction in daily living for residents.
The property s 2002 construction is newer than the neighborhood s average vintage (ranked 1,102 of 1,441), positioning it competitively versus older local stock. Investors should still plan for periodic systems updates or selective renovations to maintain positioning against continued product refresh across the metro.
Within a 3-mile radius, demographics show a stable population base with household counts essentially flat recently and projected to expand, implying a larger tenant base over the next cycle. Elevated home values compared with incomes in the neighborhood context reinforce reliance on multifamily rentals, which can support occupancy and pricing discipline while requiring attentive lease management where rent-to-income ratios are higher.
Relative safety trends are favorable in context. The neighborhood s crime rank sits in the top quartile among 1,441 Los Angeles metro neighborhoods, and national comparisons place it in the upper tier for both property and violent offense measures. Recent year-over-year declines in estimated offense rates further support a constructive trajectory, though conditions can vary by block and over time.
Proximity to major employers underpins renter demand and commute convenience, notably Southwest Airlines, Mattel, Symantec, Microsoft, and Activision Blizzard.
- Southwest Airlines airline operations (3.2 miles)
- Mattel toy manufacturing (3.5 miles) HQ
- Symantec cybersecurity (3.5 miles)
- Microsoft software offices (4.9 miles)
- Activision Blizzard interactive entertainment (7.7 miles) HQ
924 S Osage Ave offers scale at 91 units with larger-average floor plans for the submarket, supported by a high renter concentration and neighborhood occupancy in the high 90s. Based on CRE market data from WDSuite, elevated ownership costs in the surrounding area sustain multifamily reliance, while the property s 2002 vintage competes well against older neighborhood stock and provides a platform for targeted value-add or systems modernization as needed.
Within a 3-mile radius, households are projected to increase, indicating a larger tenant base and potential support for rental demand and occupancy stability. Amenity density especially groceries and dining enhances livability and retention. Key risks include affordability pressure where rent-to-income ratios run higher and the need to plan for ongoing capital to keep the asset competitive over the hold.
- High renter-occupied share and strong neighborhood occupancy support durable leasing
- 2002 construction provides competitive positioning vs. older local stock with selective value-add upside
- Amenity-rich Urban Core location (groceries, dining) aids retention and rent collections
- 3-mile household growth outlook expands the tenant base and supports occupancy
- Risk: affordability pressure and ongoing capex needs require active lease and capital planning