| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 42nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2800 Montrose Ave, La Crescenta, CA, 91214, US |
| Region / Metro | La Crescenta |
| Year of Construction | 1972 |
| Units | 85 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2800 Montrose Ave La Crescenta Multifamily Investment
This 85-unit property built in 1972 sits in a neighborhood with 95.2% occupancy and strong rental demand dynamics. Commercial real estate analysis from WDSuite indicates the area ranks in the top 15% nationally for net operating income per unit performance.
La Crescenta's neighborhood fundamentals reflect stable rental dynamics within the Los Angeles metro market. With 95.2% occupancy ranking above the 70th percentile nationally among 1,441 metro neighborhoods, the area demonstrates consistent tenant retention. The 65.5% share of renter-occupied housing units supports sustained multifamily demand, while median contract rents of $2,113 position the market competitively for tenant acquisition.
Demographics within a 3-mile radius show household income strength with a median of $134,634 and 29.8% of households earning above $200,000 annually. Population projections indicate modest household growth through 2028, with the renter pool expanding from current levels. The area's 29.7% bachelor's degree attainment rate ranks in the 83rd percentile nationally, supporting tenant quality and renewal rates.
The 1972 construction year aligns with neighborhood averages, presenting value-add renovation opportunities for investors focused on unit upgrades and rent optimization. Home values averaging $770,019 reinforce rental demand by maintaining elevated ownership costs that sustain renter reliance on multifamily housing. Childcare density ranks in the top percentile nationally, supporting family tenant retention in this residential market.
Safety metrics present a mixed profile requiring investor attention. Property offense rates of 233.6 per 100,000 residents rank near the metro median among 1,441 neighborhoods, while violent crime rates of 56.6 per 100,000 residents fall in the 41st percentile nationally. Recent trends show property offense rates increased 15.5% year-over-year, though violent crime patterns require careful monitoring given reported increases.
Investors should factor security considerations into operational planning and tenant retention strategies. The neighborhood's overall crime ranking of 1,184 out of 1,441 metro neighborhoods suggests performance below metro averages, warranting evaluation of property management protocols and potential security enhancements as part of any acquisition analysis.
The property benefits from proximity to major corporate employers that support workforce housing demand, including several Fortune 500 headquarters within commuting distance.
- Avery Dennison — materials and labeling solutions (4.2 miles) — HQ
- Charter Communications — telecommunications (6.1 miles)
- Disney — entertainment and media (6.3 miles) — HQ
- Radio Disney — broadcasting (7.2 miles)
- Live Nation Entertainment — entertainment services (9.9 miles)
This 85-unit property presents a value-add opportunity in a fundamentally sound rental market. The 1972 construction year offers renovation upside potential for investors targeting unit improvements and rent optimization. According to CRE market data from WDSuite, the neighborhood's $13,289 average NOI per unit ranks in the 91st percentile nationally, indicating strong revenue generation potential relative to comparable markets.
Demographic projections within a 3-mile radius show household growth through 2028, with median incomes forecasted to increase 36% to $183,194. The area's 95.2% occupancy rate and 65.5% renter-occupied housing share provide stability for lease management, while proximity to major employers including Disney and Avery Dennison headquarters supports tenant demand from the professional workforce.
- Neighborhood NOI per unit performance in top 10% nationally
- 95.2% occupancy rate with strong rental demand fundamentals
- Value-add potential through strategic unit renovations and upgrades
- Proximity to Fortune 500 headquarters supports workforce housing demand
- Risk consideration: Recent property crime increases require operational attention