| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 90th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 910 N Martel Ave, Los Angeles, CA, 90046, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1991 |
| Units | 31 |
| Transaction Date | 1996-03-14 |
| Transaction Price | $2,475,000 |
| Buyer | 910 MA LLC |
| Seller | HOLDEM III LP |
910 N Martel Ave Los Angeles Multifamily Opportunity
Positioned in an Urban Core pocket with deep renter demand and high-cost ownership dynamics, this 31-unit asset benefits from steady tenant depth and strong neighborhood fundamentals, according to WDSuite’s CRE market data. Expect durable leasing supported by amenity density and proximity to major employers.
This Urban Core neighborhood ranks 17 out of 1,441 Los Angeles-Long Beach-Glendale, CA neighborhoods (A+ rating), signaling broad-based strength across amenities, incomes, and renter depth based on CRE market data from WDSuite. Amenity access is a standout: restaurants, groceries, pharmacies, parks, and cafés all sit in the mid-90s to 99th national percentiles, supporting resident convenience and lease retention.
Neighborhood schools average 5.0 out of 5 and sit in the 100th national percentile, a differentiator for family-oriented renters and long-term stability. Compared with the metro, this area is competitive on demographics (rank 59 of 1,441; top decile nationally), with a high share of renter-occupied housing units that points to a deep tenant base rather than owner-driven turnover.
Occupancy at the neighborhood level has improved over the past five years but remains below stronger national comparables, suggesting investors should focus on unit finishes, marketing, and operational execution to capture demand. Median contract rents in the neighborhood trend in the mid-90s national percentile, indicating pricing power when product is positioned correctly.
Vintage context matters: the property’s 1991 construction is newer than the neighborhood’s average vintage (1964), implying relative competitiveness versus older stock, while still leaving room for targeted modernization to elevate rents and retention. Elevated home values (top 1% nationally) describe a high-cost ownership market, which typically sustains reliance on multifamily rentals and supports occupancy stability.
Within a 3-mile radius, households have inched up even as population dipped modestly, reflecting smaller household sizes and reinforcing demand for apartments. Forecasts point to meaningful growth in both households and incomes over the next five years, expanding the renter pool and supporting ongoing leasing performance.
Safety trends are improving on a year-over-year basis. The neighborhood shows sharp declines in both violent and property offense estimates, with improvement metrics placing it in the top few percent of neighborhoods nationwide for momentum. This indicates a positive trajectory rather than a guarantee, and investors should monitor continuity of these trends.
On relative standing, the area ranks 509 out of 1,441 within the Los Angeles-Long Beach-Glendale, CA metro—competitive among metro neighborhoods—and sits around the upper-third nationally for safety (approximately 69th percentile). As always, underwriting should incorporate current local data and property-level security measures.
Proximity to entertainment, engineering, and corporate offices supports a diverse white-collar renter base and commute convenience that can aid retention. The employers below reflect the immediate concentration that underpins weekday demand and evening leasing traffic.
- Live Nation Entertainment — entertainment & corporate offices (1.0 miles)
- Activision Blizzard Studios — entertainment & media (3.1 miles)
- AECOM — engineering & infrastructure (4.3 miles) — HQ
- Disney — media & entertainment (5.0 miles) — HQ
- Occidental Petroleum — energy (5.7 miles) — HQ
910 N Martel Ave offers scale for a boutique asset (31 units) in a neighborhood that ranks near the top of the metro for amenities, schooling, and renter depth. The 1991 vintage is newer than much of the surrounding stock, supporting competitive positioning versus older comparables while leaving room for selective upgrades to drive rent trade-outs. According to CRE market data from WDSuite, neighborhood rents sit in high national percentiles and home values are elevated, reinforcing reliance on multifamily housing and supporting pricing power when execution aligns with demand.
Within a 3-mile radius, households have increased despite a modest population dip, indicating smaller household sizes and a stable to expanding tenant base; forward projections show notable gains in households and incomes, which can support occupancy stability and rent growth. Investors should underwrite with attention to neighborhood-level occupancy, managing affordability pressure with thoughtful lease strategies and renovation scopes that target retention.
- Urban Core location with top-tier amenities and schools supporting durable leasing
- 1991 construction offers a competitive edge versus older stock with value-add upside
- High-cost ownership market sustains multifamily demand and pricing power
- Expanding 3-mile household and income outlook supports a growing renter pool
- Risk: neighborhood occupancy trails stronger national peers—execution on finishes and leasing remains critical