| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 62nd | Good |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10910 Wellworth Ave, Los Angeles, CA, 90024, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10910 Wellworth Ave Los Angeles Multifamily Investment
Positioned in an Urban Core pocket with strong amenities and a deep renter base at the neighborhood level, according to WDSuite s CRE market data. Neighborhood occupancy trends and elevated ownership costs suggest durable renter demand, though lease management should account for local affordability pressure.
This Urban Core neighborhood carries an A rating and is in the top quartile among 1,441 metro neighborhoods, indicating competitive fundamentals within Los Angeles-Long Beach-Glendale. Amenity access is a clear strength: cafes, restaurants, groceries, pharmacies, and parks register at high national percentiles, supporting day-to-day convenience and renter retention.
At the neighborhood level, roughly six in ten housing units are renter-occupied, signaling a sizable tenant base and consistent multifamily demand. Median contract rents are in the mid-$2,500s, and home values rank near the top nationally; together, this high-cost ownership backdrop tends to sustain reliance on rental options and supports pricing power when positioned correctly.
Within a 3-mile radius, demographic data show a modest recent population dip but a projected increase in households by 2028, pointing to a larger tenant base over the medium term. Income measures have been rising and are expected to continue climbing, which can help support rent levels while still requiring attention to rent-to-income thresholds for retention.
Neighborhood operating benchmarks are also favorable: net operating income per unit ranks in the upper tier nationally, per WDSuite. Taken together with strong amenities and commuter connectivity, the setting is attractive for investors focused on multifamily property research who prioritize demand depth and leasing durability.
Safety indicators are mixed in a way typical of dense Urban Core areas. Overall crime performance sits above national averages, and the neighborhood is competitive among Los Angeles-Long Beach-Glendale peers (636 out of 1,441 metro neighborhoods). Property offenses run higher than national norms but have improved meaningfully year over year, while violent offenses track closer to national averages with notable recent declines.
For underwriting, this pattern suggests prudent security planning and tenant communication are appropriate, while the improving trend offers a constructive signal compared with last year s readings. As always, safety levels can vary within small areas; investors should consider on-site measures and block-level observations during diligence.
Nearby corporate anchors provide a solid white-collar employment base that supports leasing velocity and retention, including Occidental Petroleum, AECOM, Activision Blizzard, Live Nation Entertainment, and Abbott Laboratories.
- Occidental Petroleum industry: energy (0.18 miles) HQ
- AECOM industry: engineering & infrastructure (1.52 miles) HQ
- Activision Blizzard industry: interactive entertainment (2.60 miles) HQ
- Live Nation Entertainment industry: entertainment (2.84 miles) HQ
- Abbott Laboratories industry: healthcare & life sciences (4.51 miles) HQ
10910 Wellworth Ave is a 42-unit, 1987-vintage asset with average unit sizes around 813 square feet, positioned in an A-rated Urban Core neighborhood. The property s vintage is newer than the local average, suggesting competitive positioning versus older stock while warranting capital planning for aging systems and selective modernization to drive rent premiums. Based on CRE market data from WDSuite, neighborhood metrics point to strong amenities, a high renter concentration, and NOI performance that compares favorably at the national level.
Investment performance will hinge on managing affordability pressure and local occupancy dynamics. Elevated ownership costs in the area tend to reinforce rental demand, and 3-mile projections indicate growth in households and income that can support rent levels and leasing stability. Balancing these tailwinds with careful lease management and targeted value-add can position the asset for durable cash flow.
- Urban Core, A-rated neighborhood with top-quartile standing among 1,441 metro peers and strong amenity access
- 1987 vintage offers competitive positioning versus older stock, with scope for selective renovations and systems updates
- Deep renter base and high-cost ownership market support tenant demand and potential pricing power
- Nearby corporate anchors bolster leasing fundamentals and retention
- Risks: local affordability pressure and below-national neighborhood occupancy warrant disciplined lease and expense management