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Category: Apartments, Multifamily Tags: Apartments, california, East Los Angeles, market report, Multifamily, Q1 2021

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East Los Angeles is an unincorporated area and census-designated place (CDP) in Los Angeles County. The area
is located immediately east of the Boyle Heights district of Los Angeles, south of the El Sereno district of Los Angeles, north of the city of Commerce, and west of Monterey Park and Montebello. Put more simply, East Los Angeles is usually considered part of Los Angeles’ Eastside, the geographic region east of the Los Angeles River. As one of Los Angeles’ oldest neighborhoods, an immense amount culture can be found in its shops, restaurants, businesses, and community. The area is 96% Latino, the highest percentage of any neighborhood in Los Angeles County. The neighborhood quietly boasts vibrant history and traditions. This densely populated area is primarily composed of lower-income residential neighborhoods and industrial districts. The area’s affordability is a powerful draw for many Los Angeles residents. In the northwest corner of the submarket sits Downtown Los Angeles, and evidence suggests that Downtown’s momentum began having a large impact on East Los Angeles prior to the outbreak.

In this issue of our report, we touch on the following topics:

  • East Los Angeles Population Trends and Economic Demographics
  • New Multifamily Development
  • Existing Multifamily Units vs. Those Under Construction
  • Occupancy and Rent Trends
  • Multifamily Sale Comparables

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