| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 42nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2719 Montrose Ave, Montrose, CA, 91020, US |
| Region / Metro | Montrose |
| Year of Construction | 1978 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2719 Montrose Ave, Montrose CA Multifamily Investment
Neighborhood occupancy trends above the national median and renter demand is supported by elevated ownership costs, according to WDSuite s commercial real estate analysis for Los Angeles. This location offers steady tenant depth within the Montrose pocket of the LA metro.
The property sits in Montrose within the Los Angeles-Long Beach-Glendale metro, a neighborhood rated B+ and ranked 490 out of 1,441 metro neighborhoods, indicating above-median fundamentals versus national peers and mid-pack positioning locally. Neighborhood occupancy is in the 72nd national percentile, signaling relatively stable renter demand compared with the U.S. overall.
At a 65.5% share of renter-occupied housing units, the neighborhood shows a deep tenant base that supports multifamily leasing and renewal activity. Median contract rents benchmark in the 93rd national percentile, and median home values sit in the 94th percentile nationally; in practice, this high-cost ownership environment tends to reinforce reliance on rental options and can sustain pricing power when managed carefully.
Amenities skew practical over lifestyle: grocery access ranks in the 89th national percentile and childcare density is exceptionally strong (top tier nationally), while parks, pharmacies, and cafes are comparatively limited. For investors, that mix points to everyday convenience for residents and potential stickiness for family and workforce renters, even if lifestyle amenity clusters are not the primary draw.
Demographics aggregated within a 3-mile radius show a modest population contraction recently, but households are projected to increase with smaller average household sizes over the next five years. This shift typically expands the renter pool and can support occupancy stability and absorption for well-positioned assets.
Constructed in 1978 versus a neighborhood average vintage around the early 1980s, the asset is slightly older than nearby stock. That positioning can support a value-add plan focused on interior modernization and systems upgrades to compete with newer comparables while planning for incremental capital expenditures.
Safety indicators for the neighborhood track below the national median, with crime levels positioned in the lower tier among the 1,441 Los Angeles metro neighborhoods. Nationally, overall safety sits around the 32nd percentile, suggesting elevated incident rates relative to many U.S. neighborhoods.
Property offenses benchmark near the national middle, while violent offense levels sit below the national median and have shown recent upward movement. Investors typically account for these dynamics through security measures, lighting and access control, and resident engagement programs, alongside underwriting that aligns expectations with neighborhood comparables.
Nearby corporate employment nodes provide a diverse white-collar base and manageable commutes that can support leasing and retention for workforce and professional renters. Key employers include Avery Dennison, Charter Communications, Disney, Radio Disney, and Live Nation Entertainment.
- Avery Dennison corporate offices (4.2 miles) HQ
- Charter Communications corporate offices (6.2 miles)
- Disney corporate offices (6.4 miles) HQ
- Radio Disney corporate offices (7.3 miles)
- Live Nation Entertainment corporate offices (9.9 miles)
2719 Montrose Ave offers a mid-size (24 units) foothold in a high-cost ownership pocket of Los Angeles County where neighborhood occupancy outperforms the national median and renter concentration is substantial. Elevated home values and strong median rents indicate durable renter reliance on multifamily housing; according to CRE market data from WDSuite, the neighborhood s NOI per unit benchmarks in a high national percentile, underscoring income potential for well-operated assets.
Built in 1978, the property is slightly older than the surrounding average vintage, creating a practical path for value-add through targeted renovations and systems updates to enhance competitive positioning. Within a 3-mile radius, household counts are projected to rise as average household sizes decline, which typically expands the renter pool and supports occupancy stability. Underwriting should also reflect safety considerations and affordability pressure (given elevated rent-to-income ratios) when setting renewal strategies and capital plans.
- High-cost ownership market supports multifamily demand and pricing power
- Neighborhood occupancy trends above national median, aiding stability
- 1978 vintage offers clear value-add and system upgrade opportunities
- 3-mile area shows rising household counts, expanding the renter base
- Risks: below-median safety and rent-to-income pressure require active management