| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 88th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1310 Wellesley Ave, Los Angeles, CA, 90025, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1973 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1310 Wellesley Ave Los Angeles Value‑Add Multifamily
Positioned in an A+ rated Urban Core pocket of Los Angeles with deep renter demand, this 28‑unit asset benefits from amenity density and stable neighborhood occupancy, according to WDSuite’s CRE market data. The area’s high home values support sustained multifamily renter reliance and pricing discipline.
The property sits in one of Los Angeles’s highest‑performing neighborhoods (Top quartile among 1,441 metro neighborhoods), with dense daily‑needs access and strong lifestyle fundamentals. Nationally, the area scores in the 95th percentile for overall amenities, including restaurants (99th percentile), pharmacies (100th), and groceries (97th), which supports resident retention and leasing velocity for professionally managed multifamily.
Neighborhood housing shows a high renter concentration, with about seven in ten housing units renter‑occupied. For investors, this signals a deep tenant base and durable demand for apartments, distinct from occupancy levels. Neighborhood occupancy trends hover in the low‑90s, suggesting steady leasing conditions without relying on outsized concessions.
Within a 3‑mile radius, demographics skew toward working‑age adults and smaller households, with median incomes that have been rising and are projected to grow further. Forecasts indicate population and household gains through 2028 alongside rising median contract rents, pointing to a larger tenant base and support for rent growth and occupancy stability. School quality trends near the national 73rd percentile on average, adequate for broad renter appeal.
Home values in the neighborhood rank in the 98th percentile nationally, indicating a high‑cost ownership market that reinforces multifamily demand and can aid lease retention. The property’s 1973 vintage is older than the local average (1981), which may create value‑add potential through targeted renovations and systems modernization to enhance competitive positioning.
Safety indicators are mixed but improving. Compared nationwide, overall crime sits near the middle of the pack (around the 52nd percentile), while recent trend data shows notable declines in both violent and property incidents over the past year (improvement measures rank in the upper tiers nationally). For investors, this suggests conditions broadly comparable to many urban core submarkets, with recent momentum moving in a favorable direction.
As always, safety conditions vary by micro‑location and time of day. At the neighborhood level (measured against 1,441 Los Angeles metro neighborhoods), the area is competitive with many urban peers, and recent year‑over‑year improvements help support leasing stability and resident retention narratives without over‑relying on block‑level assumptions.
Proximity to major employers in gaming, energy, healthcare, engineering, and entertainment supports a strong renter pipeline seeking commute convenience. Nearby anchors include Activision Blizzard, Occidental Petroleum, Abbott Laboratories, AECOM, and Activision Blizzard Studios.
- Activision Blizzard — gaming & media (1.7 miles) — HQ
- Occidental Petroleum — energy (1.8 miles) — HQ
- Abbott Laboratories — healthcare (2.9 miles) — HQ
- AECOM — engineering & infrastructure (3.1 miles) — HQ
- Activision Blizzard Studios — entertainment production (4.3 miles)
This 28‑unit asset in Los Angeles’s Urban Core combines depth of renter demand with amenity‑rich fundamentals and income growth tailwinds. Based on CRE market data from WDSuite, neighborhood occupancy trends in the low‑90s, high renter concentration, and elevated ownership costs collectively support leasing durability and pricing power. With strong national percentiles for amenities and a workforce‑oriented location, the submarket offers compelling demand drivers for stabilized and renovated product.
Built in 1973, the property is older than the neighborhood average, creating a practical path for value‑add through unit and building‑system updates to improve competitive standing and NOI. Within a 3‑mile radius, population and households are projected to grow, median incomes are rising, and forecast rents trend upward—supporting a larger tenant base, occupancy stability, and potential rent optimization for well‑managed assets.
- Amenity‑dense A+ neighborhood with top‑quartile performance among 1,441 metro areas
- High renter concentration and a high‑cost ownership market reinforce demand depth and lease retention
- 1973 vintage offers value‑add upside via targeted renovations and systems modernization
- 3‑mile outlook shows growth in households and incomes, supporting occupancy stability and rent potential
- Risk: Urban‑core crime metrics sit around national mid‑range; underwriting should reflect micro‑location and recent trend improvements