| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7248 Kelvin Ave, Winnetka, CA, 91306, US |
| Region / Metro | Winnetka |
| Year of Construction | 1977 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7248 Kelvin Ave, Winnetka CA — 41-Unit Value-Add Multifamily
Neighborhood occupancy of 97.5% and a sizable renter base point to durable leasing fundamentals, according to WDSuite’s CRE market data. With 1977 vintage construction, the asset leans toward operational upside through targeted renovations while benefiting from a high-cost ownership backdrop.
Situated in Winnetka within Los Angeles County’s Urban Core, the property benefits from neighborhood occupancy at 97.5%, placing it in the top quartile among 1,441 metro neighborhoods. That stability, combined with a renter-occupied share near 41.5% at the neighborhood level, supports depth of tenant demand and helps underpin retention.
Everyday essentials are accessible: grocery and pharmacy density track above national averages, while restaurants are comparatively plentiful (roughly top decile nationally). Park and cafe density are limited at the neighborhood scale, which may shape amenity-driven leasing expectations but does not preclude steady demand given broader metro access.
Home values in the area rank high nationally, reflecting a high-cost ownership market (value-to-income measures sit near the upper tail). For investors, this dynamic tends to reinforce reliance on multifamily housing and can aid pricing power, while the neighborhood’s rent-to-income ratio near 0.23 suggests manageable affordability pressure that can support lease retention.
Demographic statistics are aggregated within a 3-mile radius: households have grown modestly over the last five years with median incomes rising, and WDSuite’s data indicate continued income gains alongside smaller average household sizes ahead. Even with flatter population trends, more, smaller households can translate into a larger renter pool and sustained occupancy for well-positioned units.
Based on WDSuite’s neighborhood benchmarks, the area’s safety profile scores above the national average (around the top quintile nationally), a constructive signal for leasing and retention relative to many U.S. neighborhoods. Recent readings also show notable one-year declines in both property and violent incidents, suggesting improving conditions rather than deterioration.
As always, investors should evaluate property-level security measures and submarket trends over time. The comparative framing here is neighborhood-wide, not block-specific, and should be paired with on-the-ground diligence.
Proximity to a diversified employment base supports renter demand and commute convenience, led by Farmers Insurance Exchange, Thermo Fisher Scientific, Occidental Petroleum, Charter Communications, and AECOM.
- Farmers Insurance Exchange — insurance (1.5 miles) — HQ
- Thermo Fisher Scientific — life sciences (1.7 miles)
- Occidental Petroleum — energy (12.8 miles) — HQ
- Charter Communications — telecommunications (13.8 miles)
- AECOM — engineering & infrastructure (13.9 miles) — HQ
This 41-unit, 1977-vintage asset offers a pragmatic value-add path in a neighborhood where occupancy runs at 97.5% and renter demand is supported by a high-cost ownership environment. Older construction relative to the local 1987 average points to targeted capital planning opportunities—unit interiors, systems, and common areas—aimed at capturing durable renter interest without over-improving against submarket expectations.
Within a 3-mile radius, households and incomes have trended upward, and WDSuite’s multifamily property research indicates further income growth alongside smaller household sizes, which can expand the renter base even if population growth is modest. Combined with strong employer access and above-average neighborhood amenities for daily needs, the property’s fundamentals lean toward steady leasing with measured renovation upside.
- High neighborhood occupancy (top quartile in the metro) supports rent roll stability
- 1977 vintage offers value-add potential through selective renovations and system upgrades
- High-cost ownership landscape reinforces multifamily demand and pricing power
- Diversified nearby employment base underpins tenant retention and leasing velocity
- Risks: limited parks/cafe density and below-average local school ratings may affect some family renters; capital needs typical of 1970s assets