| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 62nd | Good |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10636 Wilshire Blvd, Los Angeles, CA, 90024, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10636 Wilshire Blvd Los Angeles Multifamily Investment
Positioned in Los Angeles s Urban Core with strong neighborhood amenities and a deep renter base, this asset benefits from an ownership-cost market that supports sustained multifamily demand, according to WDSuite s CRE market data.
Location and neighborhood standing: The property sits in an Urban Core pocket of Los Angeles that ranks 118 out of 1,441 metro neighborhoods, placing it in the top quartile locally. Amenity access is a clear strength restaurants, cafes, groceries, and pharmacies are each in very high national percentiles, supporting walkable daily needs and renter convenience.
Renter-occupied housing and demand: Within the neighborhood, a majority of housing units are renter-occupied, signaling depth in the local tenant base and reinforcing leasing prospects for multifamily operators. In the 3-mile radius, renter concentration remains elevated alongside higher household incomes, which can support pricing power while requiring thoughtful rent-to-income management.
Demographics within 3 miles: Data aggregated within a 3-mile radius indicate a large population base today with forecasts pointing to population growth and a substantial increase in households over the next five years. More households and smaller average household sizes typically translate to a larger pool of prospective renters and support for occupancy and retention.
Vintage and competitive positioning: The average neighborhood construction year skews older (1970s), while the subject was built in 1989. Being newer than much of the local stock can enhance competitive positioning versus legacy buildings, though investors should still plan for modernization of systems and select unit/interior upgrades to sustain renter appeal.
Affordability context and home values: Elevated home values in this part of Los Angeles create a high-cost ownership environment, which tends to sustain reliance on multifamily rentals and can aid lease retention. At the same time, higher rent-to-income ratios in the neighborhood suggest some affordability pressure operators should emphasize renewal strategies and amenity-driven value to support occupancy.
Neighborhood safety metrics present a mixed but improving picture. Overall crime conditions are above the metro median (ranked 636 out of 1,441 Los Angeles neighborhoods), indicating comparatively better performance than many local peers. Nationally, violent-offense safety sits below midpack, but both violent and property offense rates have shown notable year-over-year improvement, suggesting stabilizing conditions.
For investors, the takeaway is to underwrite with standard urban-core assumptions while recognizing the recent downward trend in reported offense rates. Ongoing monitoring of submarket-level patterns is prudent to align security features and operating plans with resident expectations.
A concentration of corporate employers nearby supports white-collar renter demand and commute convenience for residents, including Occidental Petroleum, AECOM, Activision Blizzard (and its studio division), and Live Nation Entertainment.
- Occidental Petroleum energy HQ (0.5 miles) HQ
- AECOM engineering & infrastructure HQ (1.0 miles) HQ
- Activision Blizzard Studios media & entertainment (2.1 miles)
- Live Nation Entertainment entertainment HQ (2.3 miles) HQ
- Activision Blizzard interactive entertainment HQ (3.0 miles) HQ
10636 Wilshire Blvd offers exposure to Los Angeles s Urban Core, where amenity access is a differentiator and the majority of nearby housing units are renter-occupied, supporting demand depth. Based on CRE market data from WDSuite, the surrounding neighborhood shows very strong amenity density and high ownership costs, both of which reinforce reliance on multifamily housing and can underpin rent growth and retention with disciplined lease management.
Built in 1989, the asset is newer than much of the area s 1970s-vintage stock, providing a competitive edge versus older properties while still allowing targeted value-add through systems modernization and selective interior updates. Demographics aggregated within a 3-mile radius point to forecast population growth and a sizable increase in households, expanding the renter pool. Key risks to underwrite include pockets of affordability pressure (higher rent-to-income ratios) and typical urban-core variability in occupancy, best addressed through active revenue management and resident experience investments.
- Urban Core location with top-quartile neighborhood standing and exceptional amenity access
- High-cost ownership market supports rental demand and lease retention
- 1989 vintage offers competitive positioning versus older local stock with value-add potential
- 3-mile forecasts indicate population and household growth expanding the renter base
- Risks: affordability pressure and urban-core occupancy variability require active lease and expense management