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    AI-Generated Neighborhood Summary

    The Equitable Life Building at 3435 Wilshire Blvd is located in the Koreatown neighborhood of Los Angeles, CA. Koreatown is a vibrant area known for its diverse culture, dining options, and entertainment venues. The neighborhood is centrally located with easy access to Downtown Los Angeles, Hollywood, and other parts of the city via public transportation and major roads.

    The crime rate in Koreatown is generally higher than the national average, as is common in many urban areas. However, it varies by specific area, and there are safer parts within the neighborhood. The Los Angeles Unified School District serves the area, with mixed ratings for schools depending on the specific institution, often ranging from below average to above average. For amenities, you'll find a host of Korean barbecue restaurants, karaoke bars, and cultural landmarks. Nearby, the Wilshire/Vermont metro station offers convenient access to other parts of LA. Grocery stores, parks like Lafayette Park, and attractions such as the Wiltern Theatre add to the locale's appeal.

    The average household income in Koreatown is generally lower than some of the more affluent areas of Los Angeles but reflects the diversity of the population. Nearby neighborhoods like Downtown LA and Westlake have varying income levels, with Downtown typically seeing higher averages. Job growth in the Koreatown area has been steady, with many opportunities in retail, food service, and entertainment due to the area's dense commercial activity. Overall, Koreatown is a lively and culturally rich neighborhood with much to offer in terms of amenities and opportunities.

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    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

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    Median Home Price

    $NaN

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $34,056
    Nat'l Avg: $69,021

    Percent Under Poverty

    18%
    Nat'l Avg: 12%

    Median Contract Rent

    $1,245
    Nat'l Avg: $988

    Owners vs Renters

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    Vacant Housing Units

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    Unemployment Rate

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    College Degree

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    Dominant Race

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    Married-Couple Families

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    Owners Without Morgages

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    Mortgage ≥ 30% Income

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    Rent ≥ 30% Income

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    Non-US Citizens

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    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    MacArthur Park

    park

    Good Samaritan Hospital

    hospital

    Ralphs

    grocery store

    The Boiling Crab

    restaurant

    LA Fitness

    gym

    Los Angeles International Airport

    international airport

    Robert Louis Stevenson Middle School

    school

    The Wiltern

    main attraction

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    Completed in 1969, the Equitable Life Building at 3435 Wilshire Blvd is a 34-story, 138-meter-tall skyscraper designed by Welton Becket & Associates.
    Originally housing the Equitable Life Insurance Company, the building has transitioned through various ownerships and tenants over the decades.
    In 2024, the building faced financial challenges, with an $87.5 million loan sent to special servicing due to an imminent maturity default.
    As of 2025, the building's occupancy rate has declined, reflecting broader trends in the Los Angeles office market. These insights highlight the building's architectural significance, historical transitions, recent financial difficulties, and current market positioning.

    Custom Narratives

    Equitable Life Building, completed in 1969, is a 34-story office tower located at 3435 Wilshire Boulevard in Los Angeles' Koreatown neighborhood.
    The building has experienced a decline in occupancy, dropping from 67% in 2021 to 57% in 2023, leading to financial challenges for its owner, Jamison Properties.
    Koreatown is known for its vibrant nightlife, diverse community, and historic architecture, contributing to the area's unique cultural appeal.
    The building's proximity to major freeways and public transportation offers convenient access for tenants and visitors, enhancing its attractiveness as a commercial property. These insights highlight the building's architectural significance, current market challenges, and the dynamic community attributes of its Koreatown location.

    Green Flags

    Prime location with easy access to downtown LA
    Modern amenities and high-quality facilities
    Diverse dining and shopping options nearby
    Proximity to public transportation hubs

    Red Flags

    High traffic congestion in the area
    Noise from nearby bustling streets
    Limited parking availability
    Higher cost of living due to location
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

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    Historical Flooding

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