| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3708 Watseka Ave, Los Angeles, CA, 90034, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1972 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3708 Watseka Ave Los Angeles Multifamily Near Job Hubs
High renter concentration and an amenity-dense urban core support durable leasing, according to WDSuite’s CRE market data, with ownership costs in the area reinforcing reliance on multifamily housing.
The property sits in an Urban Core location with an A+ neighborhood rating that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 47th of 1,441), signaling strong fundamentals for renter demand and daily-life convenience.
Local amenity density is a standout: restaurants, cafes, groceries, pharmacies, childcare, and parks all score in very high national percentiles, giving residents walkable options and strengthening retention. Public school ratings trend below national averages, which can skew demand toward young professionals and smaller households rather than family-driven moves.
The share of housing units that are renter-occupied is very high, indicating a deep tenant base and consistent multifamily absorption. Neighborhood occupancy has eased over the past few years and sits below the national midrange; investors should underwrite to current stabilization while focusing on operational execution.
Within a 3-mile radius, demographics show a slight population dip in recent years alongside flat-to-modest household growth and smaller average household size—factors that typically support demand for smaller units. Looking ahead to 2028, projections point to population growth and a sizable increase in households, expanding the renter pool and supporting occupancy stability. Elevated home values in this high-cost ownership market bolster renter reliance on multifamily, while rent-to-income levels suggest manageable affordability pressure relative to coastal peers.
Safety indicators compare favorably to many neighborhoods nationwide, with overall crime levels around the safer side of the national distribution. According to WDSuite, reported violent incidents track closer to the national midrange, while recent year-over-year declines in both violent and property offenses indicate improving conditions rather than a deterioration trend.
At the metro level (Los Angeles-Long Beach-Glendale; 1,441 neighborhoods), the area performs competitively, and the recent improvement trajectory provides additional context for investors assessing long-term stability. As always, safety can vary by block and over time, so property-level security, lighting, and resident engagement remain practical risk-management levers.
Proximity to major employers supports a robust commuter tenant base and leasing durability, with concentrations in engineering, cybersecurity, gaming, and energy within short drive times.
- AECOM — engineering & infrastructure (2.5 miles) — HQ
- Symantec — cybersecurity (2.7 miles)
- Activision Blizzard Studios — gaming studios (2.8 miles)
- Activision Blizzard — interactive entertainment (3.1 miles) — HQ
- Occidental Petroleum — energy (3.5 miles) — HQ
This 44-unit asset benefits from an amenity-rich Urban Core setting, a very high concentration of renter-occupied housing units, and proximity to diversified job centers. Based on commercial real estate analysis from WDSuite, neighborhood occupancy has softened from prior peaks, but elevated ownership costs and a growing 3-mile household base point to durable renter demand and opportunities to drive retention through targeted operations.
Forward-looking demographic projections indicate renter pool expansion through 2028, while strong neighborhood income levels and high national amenity percentiles support pricing power for well-managed assets. Investors should balance these advantages against below-median school ratings and current occupancy softness when shaping business plans and lease management strategies.
- Amenity-dense Urban Core location with strong daily-life convenience
- Deep tenant base: very high share of renter-occupied housing units
- Near multiple blue-chip employers supporting leasing stability
- Risk: below-median school ratings and softer neighborhood occupancy