| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 62nd | Good |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10449 Ashton Ave, Los Angeles, CA, 90024, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10449 Ashton Ave Los Angeles Multifamily Investment
This 24-unit property in West LA benefits from neighborhood-level occupancy at 81% and strong renter concentration, with elevated home values sustaining rental demand according to WDSuite's CRE market data.
This West Los Angeles neighborhood ranks among the top quartile nationally for amenities and maintains strong fundamentals for multifamily investment. The area features 59.3% renter-occupied housing units within a 3-mile radius, creating a substantial tenant base that supports occupancy stability. Median contract rents of $2,536 position the neighborhood in the 97th percentile nationally, reflecting robust rental demand dynamics.
Built in 1985, this property aligns with the neighborhood's average construction year of 1976, indicating consistent building stock without immediate capital expenditure pressures typical of significantly older properties. The neighborhood demonstrates resilience with home values reaching a median of $1.45 million, ranking in the top quartile among 1,441 metro neighborhoods. These elevated ownership costs limit accessibility to homeownership and sustain reliance on rental housing, reinforcing demand for multifamily properties.
Demographics within a 3-mile radius show household growth projections of 41% through 2028, expanding the potential tenant pool. The area maintains high amenity density with restaurants, cafes, and grocery stores all ranking in the 96th-98th percentiles nationally, supporting tenant retention through walkable convenience. However, rent-to-income ratios at 0.40 suggest affordability pressures that require careful lease management and renewal strategies.
The neighborhood maintains moderate safety metrics with crime rates ranking 636th among 1,441 metro neighborhoods, placing it in the 60th percentile nationally. Property crime rates show improvement with a 46% decline year-over-year, indicating positive trending conditions that support tenant retention and property appeal.
Violent crime rates have decreased substantially by 75% over the past year, contributing to improved neighborhood perception and residential stability. While absolute crime levels remain above the metro median, the significant downward trend in both property and violent offenses suggests strengthening fundamentals for long-term occupancy stability.
The property benefits from proximity to major corporate headquarters and offices that anchor employment demand in West LA, supporting workforce housing needs and commute convenience for professional tenants.
- AECOM — engineering & infrastructure services (0.9 miles) — HQ
- Occidental Petroleum — energy & oil services (0.9 miles) — HQ
- Activision Blizzard Studios — gaming & entertainment (1.7 miles)
- Live Nation Entertainment — entertainment & events (1.9 miles) — HQ
- Activision Blizzard — gaming & technology (3.4 miles) — HQ
This 24-unit West LA property presents compelling fundamentals with strong rental demand supported by elevated homeownership costs and a concentrated renter base. The neighborhood's 59.3% renter-occupied housing units create depth in the tenant pool, while median home values of $1.45 million limit ownership accessibility and sustain multifamily demand. Net operating income per unit averages $18,388, ranking in the 97th percentile nationally according to CRE market data from WDSuite.
Built in 1985, the property offers potential value-add opportunities through strategic renovations while avoiding the capital-intensive needs of significantly older stock. Projected household growth of 41% through 2028 within a 3-mile radius indicates expanding tenant demand, supported by proximity to major employers including AECOM and Occidental Petroleum headquarters within one mile. The area's top-quartile national ranking for amenities enhances tenant retention prospects.
- Strong renter concentration at 59.3% creates substantial tenant base depth
- Elevated home values sustain rental demand and limit ownership competition
- Proximity to major corporate headquarters supports professional tenant demand
- Top-quartile amenity access enhances tenant retention and lease-up velocity
- Rent-to-income ratios at 0.40 require careful lease management and renewal strategies