South Los Angeles, formerly known as South Central Los Angeles, is located just south of Downtown Los Angeles and lies within most of the Los Angeles city limits. The Los Angeles Times maps South Los Angeles as a 51 square mile area, consisting of 25 neighborhoods within the City of Los Angeles as well as three unincorporated neighborhoods in the County of Los Angeles.
In the media, South Los Angeles is characterized as predominately Black and Hispanic/Latino and is associated with poverty, crime, unemployment, welfare dependency, and overall urban decline. Across the County and within South Los Angeles, the share of Hispanics/Latinos grew the most between 2000 and 2006, increasing five percentage points within South Los Angeles. However, this complex neighborhood comprises numerous areas that range from the concrete middle class to the underclass. Recently, the NFL and NBA stadiums in Inglewood are breathing new life into the area, allowing the city to take its place on the national sports and entertainment map. This momentum has helped spur new development, particularly in the northwest corner of the submarket where it abuts Culver City.
According to Beacon Economics, South Los Angeles is also located near the University of Southern California, one of California’s more robust economic engines. This study found that USC spurs $8 billion annually in economic activity in the Los Angeles region and California. Therefore, South Los Angeles can only benefit from its proximity to this world-renowned private university. In South Los Angeles, real estate values were further bolstered by news that Los Angeles will host the 2028 Olympics, with many of the games to be hosted on or near the USC campus.
In this report, you will find:
- South Los Angeles Population Trends and Economic Demographics
- New Multifamily Developments
- Existing Multifamily Units vs. Those Under Construction
- Occupancy and Rent Trends
- Multifamily Sale Comparables