| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 88th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12026 Wilshire Blvd, Los Angeles, CA, 90025, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2009 |
| Units | 20 |
| Transaction Date | 2002-03-18 |
| Transaction Price | $1,790,000 |
| Buyer | NAIMIS LLC |
| Seller | TEMKIN RONALD NORMAN |
12026 Wilshire Blvd Los Angeles Multifamily Opportunity
Positioned in an A+ urban core pocket with dense amenities and a deep renter base, the asset benefits from steady leasing fundamentals and high-income households nearby, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit around national norms while pricing power is supported by elevated ownership costs.
This Los Angeles urban core location ranks 10 out of 1,441 metro neighborhoods (A+), signaling strong fundamentals for multifamily investors. Amenity density is a clear strength: restaurants, cafes, groceries, and pharmacies score in the top percentiles nationally, supporting convenient daily living and competitive leasing. Average school ratings trend above many peer areas within the metro, adding to neighborhood desirability for a broad renter profile.
The building’s 2009 construction is newer than the neighborhood’s average vintage (1981), offering relative competitiveness versus older stock. Investors should still plan for mid-life system updates and potential modernization to sustain positioning against newer product.
Renter concentration is high at the neighborhood level, with roughly seven in ten housing units renter-occupied. This depth of renter demand tends to support leasing velocity and retention, while the neighborhood’s occupancy rate tracks near the national average—suggesting stable, but actively competitive, operations.
Within a 3-mile radius, household incomes are high and are projected to grow, with households expected to increase through 2028. Elevated home values relative to income reinforce reliance on multifamily rentals, which can bolster tenant retention and reduce turnover risk in professionally managed properties. These dynamics, based on commercial real estate analysis from WDSuite, frame a market where quality operations and unit finishes can sustain performance.
Safety indicators are mixed and should be evaluated with standard risk controls. The neighborhood’s crime rank sits around the metro middle (785 out of 1,441), and overall conditions are near the national median (about the 52nd percentile for safety). Property offenses remain elevated relative to national norms, while violent offense levels are below national averages for safety; however, both categories have shown meaningful year-over-year improvement, indicating a constructive trend.
For investors, this typically supports a practical approach: maintain proactive security measures, good lighting and access control, and coordinate with residents and local resources to preserve community standards as broader trends continue to improve.
- Occidental Petroleum — energy HQ (1.7 miles) — HQ
- Activision Blizzard — interactive entertainment HQ (1.9 miles) — HQ
- AECOM — engineering & infrastructure HQ (3.0 miles) — HQ
- Abbott Laboratories — healthcare products HQ (3.2 miles) — HQ
- Activision Blizzard Studios — media production offices (4.1 miles)
12026 Wilshire Blvd is positioned in a top-ranked Los Angeles neighborhood with dense, walkable amenities and a high renter share, supporting durable leasing. The 2009 vintage is newer than the local average, offering competitive positioning versus older buildings while warranting mid-life capital planning to keep systems current. Elevated ownership costs in the area help sustain multifamily demand and tenant reliance on rentals, and neighborhood occupancy trends align with national norms. According to CRE market data from WDSuite, NOI per unit in this neighborhood performs among the strongest nationally, reinforcing the case for institutional-quality operations.
Within a 3-mile radius, incomes are high and households are projected to increase through 2028, expanding the renter pool and supporting occupancy stability. The safety picture is mixed but improving year over year, suggesting routine risk management can be effective alongside ongoing neighborhood momentum.
- A+ neighborhood (10 of 1,441) with top-tier amenity density supporting leasing
- 2009 vintage competes well versus older stock; plan for mid-life system updates
- High renter-occupied share and elevated ownership costs reinforce demand depth
- 3-mile outlook points to rising incomes and household growth supporting occupancy
- Risk: safety metrics are mixed; maintain proactive security and resident engagement