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© 2016 Greysteel California, Inc. All rights reserved.
Ladera Heights is a diverse and highly desirable sub-market of what is
commonly known as the “Westside” of Los Angeles. Often referred
to as a “hidden” neighborhood, Ladera Heights is bordered by the
neighborhoods of Baldwin Hills to the north, Inglewood to the south,
Windsor Hills to the east, and Culver City to the west. The submarket is
composed of 2.94 square miles and home to only 6,509 people, placing
it among the lowest population densities for Los Angeles County.
A small, quiet area of Los Angeles, Ladera Heights continues to be
home for many successful young professionals and families. Residents
are highly educated with over 54% of residents possessing a four-
year degree and 19% having earned a master’s degree. An additional
demand driver for the area is its accessibility to the Westside, offering
multiple public transportation options and easy access to interstates
405 and 10.
The featured properties in this month’s rent and sales survey represent
12 apartment communities which embody the age and class of
buildings in the Ladera Heights submarket. The rental market
continues to gain momentum due to its proximity to the incoming
Los Angeles Rams stadium, and residents being pushed out from
higher rent markets. For a one-bedroom, renters can expect to
pay rent between $1.50 and $3.00 per square foot, depending on
the year the property was built and its location. Two- and three-
bedroom units from $1.35 to $2.75 rent per square foot. As with
many emerging submarkets, speculation impacts sales pricing
significantly. Ladera Heights is no exception. Typical recent trades
exhibit per unit prices between $150,000 and $200,000; however,
in some cases trades have been seen above $250,000. For more
information on these trades, please contact Everett Wong or
John Mullen at Greysteel.
Spotlight on Ladera Heights, Los Angeles, CA | Multifamily August 2016
Service. Success. Perfected.
Baldwin Hills Scenic Overlook
Los Angeles Rams Development Site
© 2016 Greysteel California, Inc. All rights reserved.
Spotlight | Rent Comparables August 2016
941 NORTH CEDAR 941 N. Cedar StreetInglewood, CA 90302
UNIT TYPE SF ASKING RENT
1 BDR/1 BA 818 $1,295
• Residents pay a $35 application fee and a $1,000
security deposit.
• Residents pay for gas and electric; property pays for
water and trash removal.
• Common area amenities include gated parking and
controlled access community.
• Unit amenities include a range, an oven, refrigerator,
and cable ready.
6637 SPRINGPARK 6637 Springpark AvenueLos Angeles, CA 90056
UNIT TYPE SF ASKING RENT
2 BDR/2 BA 1,400 $2,635
• Residents pay a $30 application fee and and a security
deposit of one month’s rent.
• Additional fees include a pet deposit of $600.
• Residents pay for gas and electric; property pays for
water and trash removal.
• Common area amenities include on-site storage and
covered parking.
• Unit amenities include a walk-in closet, hardwood
floors, stainless steel appliances, a private balcony/
patio, washer/dryer, and range.
No. Units 12
Occupancy 92%
Year Built 1956
Managed by North Oak Real Estate
Investments, Inc.
No. Units 10
Occupancy 90%
Year Built 1967
Managed by First Light Properties
THE EXECUTIVE VILLAS7038 Ramsgate PlaceLos Angeles, CA 90045
UNIT TYPE SF ASKING RENT
2 BDR/2 BA 1,200 $1,691
• Residents pay a $35 application fee and a security
deposit of one month’s rent.
• Residents pay for gas and electric; property pays for
water and trash removal.
• Common area amenities include on-site laundry
facilities, a fitness center, controlled access
community, and elevator service.
• Unit amenities include a fireplace, microwave,
dishwasher, tile floors, a private balcony/patio,
vaulted/high ceilings, and in select units a den.
No. Units 10
Occupancy 90%
Year Built 1993
Managed by Commercial Property
Investments
7100 LA TIJERA 7100 La Tijera BoulevardLos Angeles, CA 90045
UNIT TYPE SF ASKING RENT
1 BDR/1 BA 710 $2,125
• Residents pay a $35 application fee and a security
deposit of one month’s rent.
• Residents pay for gas and electric; property pays
for water and trash removal.
• Common area amenities include a fitness center,
controlled access community, and elevator service.
• Unit amenities include a washer/dryer, fireplace,
hardwood floors, a private balcony/patio, and
vaulted/high ceilings.No. Units 20
Occupancy 95%
Year Built 1991
Managed by Keller Williams Santa Monica
No. Units 13
Occupancy 92%
Year Built 1959
Managed by Keller Williams Marina del Rey
5023 WEST 58TH 5023 W. 58th PlaceLos Angeles, CA 90056
UNIT TYPE SF ASKING RENT
2 BDR/2 BA 1,550 $2,500
• Residents pay a $35 application fee and a security
deposit of one month’s rent.
• Residents pay for gas and electric; property pays
for water and trash removal.
• Unit amenities include ceiling fans, a dishwasher,
range, refrigerator, and hardwood floors.
831 AUSTIN831 Austin AvenueInglewood, CA 90302
UNIT TYPE ASKING RENT
1 BDR/1 BA $900
• Residents pay a $35 application fee and a security
deposit of one month’s rent.
• Residents pay for gas and electric; property pays
for water and trash removal.
• Common area amenities include on-site
laundry facilities.
No. Units 5
Occupancy 80%
Year Built 1935
Managed by Private Owner
© 2016 Greysteel California, Inc. All rights reserved.
The report below features a sampling of properties sold within the last seven months in Los Angeles, California. Please note the different locations and adjust comparisons accordingly. Also note that sales comparables provide a snapshot of recent transactions and are not a perfect predictor of future market movement and behavior.
Spotlight | Sales Comparables August 2016
6919 SOUTH LA CIENEGA6919 S. La Cienega Boulevard Los Angeles, CA 90045
5511–5523 THORNBURN 5511–5523 Thornburn Street Westchester, CA 90045
6900 KNOWLTON 6900 Knowlton Place Los Angeles, CA 90045
4847 WEST SLAUSON4847 W. Slauson Avenue Los Angeles, CA 90056
747 NORTH EUCALYPTUS 747 N. Eucalyptus Avenue Inglewood, CA 90302
816 VICTOR816 Victor Avenue Inglewood, CA 90302
Close Date: June 2016
Units: 7
Year Built: 1950
Price: $1,800,000
Price/Unit: $257,143
Price/SF: $477.07
Close Date: May 2016
Units: 6
Year Built: 1987
Price: $2,050,000
Price/Unit: $341,667
Price/SF: $402.20
Close Date: March 2016
Units: 19
Year Built: 1960
Price: $3,080,000
Price/Unit: $162,105
Price/SF: $218.28
Close Date: February 2016
Units: 6
Year Built: 1953
Price: $1,100,000
Price/Unit: $183,333
Price/SF: $254.45
Close Date: January 2016
Units: 18
Year Built: 1975
Price: $3,100,000
Price/Unit: $172,222
Price/SF: $278.13
Close Date: January 2016
Units: 12
Year Built: 1953
Price: $2,200,000
Price/Unit: $183,333
Price/SF: $287.36
© 2016 Greysteel California, Inc. All rights reserved.
10990 Wilshire Boulevard, Suite 1050
Los Angeles, CA 90024
P. 310.439.5794
CA License No: 01984315
CONTACTJohn F. Mullen
Managing Director
P. 310.439.5788
Everett Wong
Investment Associate
P. 310.439.5790
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