| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 85th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3848 Mentone Ave, Culver City, CA, 90232, US |
| Region / Metro | Culver City |
| Year of Construction | 1988 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3848 Mentone Ave Culver City Multifamily Investment
Positioned in an amenity-rich Culver City enclave with deep renter demand, the asset benefits from a high-cost ownership market and a strong professional tenant base, according to WDSuite’s CRE market data.
Culver City’s Urban Core location delivers daily-life convenience that supports renter retention and leasing velocity. Neighborhood amenities are extensive — cafes, restaurants, groceries, parks, pharmacies, and childcare options all register in very high national percentiles — signaling walkable access and lifestyle utility that tends to reduce turnover risk for well-managed multifamily.
The neighborhood’s renter-occupied share of housing units is approximately 79.6% (top tier nationally), indicating a large tenant base and consistent demand for apartments. Reported neighborhood occupancy is in the upper-80s, suggesting competitive leasing conditions but leaving room for asset-level differentiation through operations and finishes. Based on CRE market data from WDSuite, average NOI per unit in the neighborhood trends around the top decile nationally, underscoring strong revenue potential where product quality and management execution are aligned.
Home values benchmark near the top of U.S. neighborhoods, creating a high-cost ownership market that typically sustains multifamily demand and supports pricing power for well-located assets. Average school ratings trend above national norms, which can aid family retention within the rental pool without implying property-specific performance.
Within a 3-mile radius, demographics skew professional with rising incomes and a projected increase in households by 2028, pointing to a larger tenant base and ongoing renter pool expansion. The property’s 1988 vintage is newer than the neighborhood’s average construction year (1971), offering relative competitiveness versus older stock while still warranting targeted systems updates or common-area modernization to enhance positioning.
Neighborhood safety indicators compare favorably at the national level, with overall crime metrics around the top quartile nationwide. Violent-offense readings also sit above the national median, and recent year-over-year trends show notable improvement in property and violent offense rates. These signals are measured at the neighborhood level among 1,441 Los Angeles-area neighborhoods and should be interpreted as comparative context rather than block-level conditions.
For investors, the directional trend supports tenant retention and leasing stability, while prudent assumptions should still account for standard urban risk management and security practices common across competitive Los Angeles submarkets.
Proximity to major employers anchors demand from well-paid knowledge workers, supporting leasing depth and shorter commute preferences. Key nearby employment nodes include cybersecurity/software, gaming, engineering and infrastructure, enterprise software, and entertainment production.
- Symantec — cybersecurity/software (2.3 miles)
- Activision Blizzard — gaming (2.8 miles) — HQ
- AECOM — engineering & infrastructure (2.9 miles) — HQ
- Microsoft Offices The Reserves — enterprise software (3.2 miles)
- Activision Blizzard Studios — entertainment production (3.4 miles)
3848 Mentone Ave offers a 40-unit footprint in an amenity-dense Culver City pocket where renter concentration is high and ownership costs are elevated, reinforcing multifamily demand. The 1988 vintage is newer than much of the neighborhood’s housing stock, creating a competitive baseline versus older assets while leaving room for value-add through unit updates, common-area refreshes, and system upgrades as needed. According to CRE market data from WDSuite, neighborhood occupancy sits in the upper-80s and NOI per unit trends in the top decile nationally, indicating solid revenue potential for well-executed operations.
Within a 3-mile radius, income growth and a projected increase in households point to renter pool expansion and support for occupancy stability. High home values in the immediate area indicate a high-cost ownership market that typically sustains rental demand and can bolster pricing power for well-located, professionally managed communities. Key Los Angeles employment nodes nearby further underpin depth of demand from professional tenants.
- Amenity-rich Urban Core location supports retention and leasing velocity.
- High renter-occupied share indicates deep tenant base and demand durability.
- 1988 vintage offers competitive positioning with value-add potential via targeted upgrades.
- Nearby corporate employment hubs reinforce demand from professional renters.
- Risk: Neighborhood occupancy in the upper-80s calls for strong operations and differentiated finish quality to capture pricing power.