| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 85th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3819 Motor Ave, Culver City, CA, 90232, US |
| Region / Metro | Culver City |
| Year of Construction | 1999 |
| Units | 20 |
| Transaction Date | 1996-05-15 |
| Transaction Price | $295,000 |
| Buyer | HOMES FOR LIFE FOUNDATION |
| Seller | PACIFIC NATIONAL BANK |
3819 Motor Ave Culver City Multifamily Investment
Strong renter-occupied concentration in the surrounding neighborhood supports depth of tenant demand, according to WDSuite’s CRE market data. Newer 1999 construction relative to nearby stock positions the asset competitively while benefiting from Urban Core amenities and employment access.
Located in Culver City’s Urban Core, the property benefits from a neighborhood that ranks A+ overall and sits near the top among 1,441 Los Angeles metro neighborhoods. Amenity access is a clear strength: neighborhood amenity density performs in the top quartile nationally, with cafes, groceries, pharmacies, and restaurants all testing in very high national percentiles. For investors, this level of daily-needs and lifestyle access typically supports leasing velocity and resident retention.
Renter demand signals are favorable. The neighborhood’s share of renter-occupied housing units is high (top-tier nationally), indicating a deep tenant base for multifamily. Neighborhood occupancy is measured at the neighborhood level and is around the national middle; paired with strong amenity access and employment proximity, this suggests competitive positioning rather than reliance on lease-up momentum alone. Median contract rents in the neighborhood trend above national norms, while the rent-to-income profile sits below national medians, a combination that can support pricing power with manageable retention risk for professionally managed assets.
Education and household profile add support. Average school ratings are above national medians, and the adult population has a high share with bachelor’s degrees (top percentile nationally), aligning with renter cohorts typical of Westside Los Angeles. Median home values are elevated versus national benchmarks, and the value-to-income ratio is high; in investor terms, this high-cost ownership market reinforces reliance on multifamily rentals and tends to sustain renter demand.
Within a 3-mile radius, demographic statistics indicate a modest dip in recent population counts but a slight increase in households, pointing to smaller household sizes and a stable, if evolving, renter pool. Forward-looking projections over the same radius call for population growth and a notable increase in households, which would expand the tenant base and support occupancy stability; these trends are based on CRE market data from WDSuite and reflect neighborhood—not property-level—dynamics.
Safety indicators compare favorably to national benchmarks: the neighborhood places in the top quartile nationally for overall safety, according to WDSuite’s CRE market data. Year over year, estimated violent and property offense rates show marked improvement, with both trending down materially, which supports long-run neighborhood quality and leasing stability.
At the metro scale, conditions can vary block to block across Los Angeles; investors should evaluate property-level security features and management practices as part of standard diligence. The directional improvement and above-national standing, however, are constructive signals when viewed in context with amenity access and renter demand.
Nearby corporate offices anchor a large, diverse employment base that supports renter demand through short commutes and professional services concentration. The list below focuses on technology, engineering, and entertainment employers within a close radius.
- Symantec — cybersecurity (2.4 miles)
- AECOM — engineering & infrastructure (2.8 miles) — HQ
- Activision Blizzard — interactive entertainment (2.8 miles) — HQ
- Activision Blizzard Studios — media & production (3.3 miles)
- Microsoft Offices The Reserves — software & cloud (3.3 miles)
3819 Motor Ave is a 20-unit asset built in 1999, newer than much of the surrounding housing stock. The vintage supports competitive positioning against older inventory while leaving room for targeted modernization to drive rent premiums. The neighborhood features top-tier amenity access and a high share of renter-occupied units, reinforcing depth of demand. According to CRE market data from WDSuite, neighborhood occupancy trends sit around the national middle, and local rent levels outpace national norms, a pairing that points to stable leasing with selective pricing power when paired with strong management.
Within a 3-mile radius, projections point to population growth and a sizable increase in households, which should expand the renter pool and support occupancy stability. Elevated home values in the neighborhood context bolster reliance on multifamily rentals, while a relatively modest rent-to-income profile reduces retention risk compared with many coastal submarkets. Proximity to major employers across technology, media, and engineering adds day-to-day demand support.
- 1999 construction provides a competitive edge versus older local stock, with potential for value-add through modernization.
- High renter-occupied share and strong amenity access support depth of tenant demand and leasing velocity.
- Household growth within a 3-mile radius signals a larger renter base and supports occupancy stability over time.
- Elevated home values in the neighborhood context reinforce sustained reliance on rentals and potential pricing power.
- Risks: neighborhood occupancy is closer to national mid-range and metro cycles can create volatility; execution depends on operations and asset-specific condition.