| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 75th | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2900 Honolulu Ave, La Crescenta, CA, 91214, US |
| Region / Metro | La Crescenta |
| Year of Construction | 1989 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2900 Honolulu Ave, La Crescenta Multifamily Investment
Inner-suburb location with strong amenities and high home values supports durable renter demand, according to WDSuite’s CRE market data. Newer 1989 vintage relative to local stock positions the asset competitively while leaving room for targeted modernization.
Situated in La Crescenta within the Los Angeles-Long Beach-Glendale metro, the neighborhood scores an A rating and ranks 142 out of 1,441 metro neighborhoods, indicating it is competitive among Los Angeles-Long Beach-Glendale neighborhoods. Amenity access ranks 165 of 1,441 locally and lands in the 81st percentile nationally, with especially dense food-and-beverage options (restaurants and cafes each near the top of national distributions). These factors typically aid leasing velocity and resident retention for workforce and professional tenants.
Schools average 4.0 out of 5 (121 of 1,441 in the metro; top quartile nationally), an attribute that can support longer tenancy among households. Neighborhood occupancy is reported in the mid-90s, which tends to underpin income stability for well-operated assets, based on CRE market data from WDSuite. Median contract rents in the area are elevated relative to many U.S. locations, but rent-to-income levels suggest room for disciplined pricing without overextending tenants.
Ownership costs are high (home values sit in the upper national percentiles), creating a high-cost ownership market that reinforces reliance on multifamily housing and can support pricing power for well-maintained properties. Renter-occupied housing comprises roughly two-fifths of neighborhood units, indicating a meaningful renter concentration and a reliable tenant base for multifamily operators.
Demographic statistics aggregated within a 3-mile radius indicate modest population softness alongside a projected increase in the number of households and a gradual shift toward smaller household sizes. For investors, this combination points to a larger pool of renting households over time, supporting occupancy stability and steady absorption for appropriately positioned units.
Vintage context matters: with an average neighborhood construction year around the early 1960s, a 1989-built property presents a newer profile than much of the local stock. This typically enhances competitive positioning against older assets while still offering value-add opportunities through system upgrades and interior modernization.
Safety conditions are an important part of underwriting, but neighborhood-level crime ranks and percentiles are not available in this snapshot from WDSuite. Investors commonly benchmark the neighborhood against the broader Los Angeles-Long Beach-Glendale metro and review multi-year trends during diligence to assess stability rather than relying on block-level anecdotes.
Given the area’s inner-suburb profile and active commercial corridors, many operators pair neighborhood comparisons with property-specific measures (lighting, access control, and management practices) to support resident experience and retention. Consider supplementing market research with local law enforcement data and recent comparable properties for a fuller view of trend direction.
Proximity to established corporate employers supports a diverse white-collar tenant base and commute convenience, led by Avery Dennison, Charter Communications, Disney, Radio Disney, and Live Nation Entertainment.
- Avery Dennison — materials & packaging HQ (3.9 miles) — HQ
- Charter Communications — telecommunications offices (5.9 miles)
- Disney — entertainment HQ (6.1 miles) — HQ
- Radio Disney — media offices (7.0 miles)
- Live Nation Entertainment — entertainment offices (9.6 miles)
The investment case centers on durable renter demand in a high-cost ownership pocket of Los Angeles County, strong neighborhood amenities, and solid occupancy. With an A-rated neighborhood that is competitive among 1,441 metro peers and schools in the top quartile nationally, the submarket supports retention for both household and professional renter segments. The 1989 construction year is newer than the area’s average vintage, offering competitive positioning versus older stock while leaving room for value-add through modernization. According to multifamily property research from WDSuite, neighborhood occupancy trends and elevated home values together support income stability when management aligns rents with local rent-to-income dynamics.
Within a 3-mile radius, households are expected to increase even as average household size trends lower, expanding the renter pool over time. Combined with dense retail and service amenities, this suggests steady leasing fundamentals for well-operated assets, with the main risks tied to macroeconomic cycles and capital expenditure needs typical of late-1980s construction.
- High-cost ownership market supports reliance on rentals and pricing power
- Competitive A-rated neighborhood with top-quartile schools and strong amenities
- 1989 vintage offers competitive positioning plus value-add via modernization
- 3-mile area points to more households and a larger renter pool supporting occupancy
- Risks: macro softness, permitting timelines, and capex for aging systems