| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3709 Watseka Ave, Los Angeles, CA, 90034, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1983 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3709 Watseka Ave Los Angeles Multifamily Investment
Amenity-rich urban core location with a deep renter base and high home values supporting sustained rental demand, according to WDSuite’s CRE market data.
Situated in Los Angeles’s Urban Core, the neighborhood ranks 47th among 1,441 metro neighborhoods (A+ rating), signaling strong location fundamentals for multifamily. Dining, groceries, pharmacies, parks, childcare, and cafes score in the top national percentiles, indicating walkable access that supports leasing velocity and tenant retention. Neighborhood-level NOI per unit trends in the upper national range, reinforcing income potential for well-run assets, based on CRE market data from WDSuite.
Renter-occupied housing concentration is high for the neighborhood (top national percentile), which generally indicates a deep tenant base for multifamily demand. Neighborhood occupancy is below many Los Angeles peers; investors should underwrite to conservative lease-up and renewal assumptions and focus on asset differentiation to maintain stability. These occupancy metrics reflect the neighborhood, not this specific property.
Within a 3-mile radius, demographics show a well-capitalized tenant pool with rising median incomes over recent years and a projected increase in households by 2028, pointing to a larger renter pool and support for occupancy and pricing resilience. Forecasts also indicate gradually smaller average household sizes, which can favor professionally managed, well-located apartments.
Elevated neighborhood home values (top national percentile) create a high-cost ownership environment, which tends to sustain reliance on rental options and can support pricing power and lease retention. Average school ratings in the area trail national medians, which is a factor to watch for family-oriented demand but is often offset in urban Los Angeles by proximity to employment and amenities.
Neighborhood safety indicators are competitive among Los Angeles neighborhoods (ranked 425 out of 1,441 in the metro) and trend above national averages. Recent year-over-year data show notable declines in both property and violent offense rates, placing the neighborhood in the top tier nationally for improvement, according to WDSuite’s CRE market data.
As with any urban core location, conditions can vary by block and over time. Investors should evaluate property-level security features and recent local trends to align with resident expectations while balancing operating expenses.
Proximity to major corporate offices supports a steady renter pipeline and commute convenience for professionals, notably AECOM, Symantec, Activision Blizzard (including its studios), and Live Nation Entertainment.
- AECOM — engineering & infrastructure (2.47 miles) — HQ
- Symantec — software & cybersecurity (2.70 miles)
- Activision Blizzard Studios — entertainment & gaming (2.84 miles)
- Activision Blizzard — entertainment & gaming (3.13 miles) — HQ
- Live Nation Entertainment — entertainment & media offices (3.24 miles)
Built in 1983, this 35-unit asset is newer than much of the surrounding stock, offering relative competitiveness versus older buildings while leaving room for targeted modernization to drive rents and control near-term capital needs. The neighborhood’s A+ rating, deep renter concentration, and top-tier amenity access underpin durable multifamily demand, even as neighborhood-level occupancy trends sit below many Los Angeles submarkets. Elevated home values locally reinforce renter reliance on professionally managed apartments and can support pricing power for well-positioned units.
Within a 3-mile radius, projections point to household growth by 2028, suggesting a larger tenant base and support for occupancy stability. At the same time, a relatively manageable rent-to-income backdrop and strong employer proximity can aid lease retention. According to CRE market data from WDSuite, the neighborhood’s income profile and amenity depth compare favorably at the national level, while school quality and neighborhood occupancy variability remain the key underwriting watch items.
- 1983 vintage: competitive versus older stock with value-add potential through selective upgrades
- Strong location fundamentals: A+ neighborhood with top-tier amenities and major employers nearby
- Renter depth and high ownership costs support sustained multifamily demand and pricing power
- Demand outlook: 3-mile household growth and professional workforce proximity support leasing
- Risks: neighborhood-level occupancy below many LA peers and below-average school ratings