I've lived in WP for ten years with my husband, just a few blocks up from you, between 8th and 9th on Summit. It's a challenging neighborhood as you've probably gathered.
There has recently been an influx of students which means that the area is being perceived as safer and that's good, but the students bring a whole different set of problems than the area had being dealing with previously (drugs, gangs, and associated effects of poverty). the rate of owner-occupied housing is about 10%.
There are a lot of people who see the area as nothing more than a paycheck: the property owners who allow mental health orgs to rent entire buildings that then operate as treatment facilities, the "investment realty" people (aka slumlords), social service orgs who want to maintain the status quo and build relationships for political gain, the university that knows they can do whatever they like without any neighborhood opposition.
OTOH, I totally and absolutley love my neighbors and my house. I can walk to a grocery (now with acceptable beer), the library, and a movie theatre. There is good draft beer, Chinese and Mediterranean food, and now art at the Gateway. Bento and Adriatico's deliver as does 291-BEER.