| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 76th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3861 Vinton Ave, Culver City, CA, 90232, US |
| Region / Metro | Culver City |
| Year of Construction | 1991 |
| Units | 26 |
| Transaction Date | 2008-03-11 |
| Transaction Price | $6,000,000 |
| Buyer | VINTON ACORN LLC |
| Seller | BLACKBURN PARTNERS LP |
3861 Vinton Ave Culver City Multifamily Investment
Neighborhood data points to deep renter demand supported by a high share of renter-occupied units and elevated ownership costs, according to WDSuite s CRE market data. The thesis centers on stable leasing potential from an amenity-rich Urban Core location rather than property-level concessions.
Culver City s Urban Core location delivers daily convenience that supports tenant retention. Amenity access ranks among the strongest in the Los Angeles metro the neighborhood is competitive near the top among 1,441 metro neighborhoods with cafes, restaurants, groceries, parks, and pharmacies all testing in high national percentiles. For investors, this depth of walkable services typically reduces friction at renewal and supports steady absorption.
The neighborhood posts an A+ overall rating and ranks 47 out of 1,441 metro neighborhoods, placing it well above the metro median. While neighborhood occupancy has eased versus five years ago, renter demand is reinforced by a high renter-occupied housing share. That depth of the tenant base is a favorable backdrop for a 26-unit asset targeting consistent leasing.
Home values in the neighborhood are elevated relative to national norms, which tends to sustain reliance on multifamily rentals and can support pricing power. At the same time, rent-to-income levels remain manageable locally, a combination that can aid lease retention without overextending residents.
Within a 3-mile radius, demographics indicate a high-income profile and modest household growth alongside slightly smaller average household sizes. Forward-looking projections show population and household increases over the next five years, implying a larger tenant base and broader demand for rental units a constructive signal for occupancy stability.
Vintage also matters: the property s 1991 construction is newer than the neighborhood s average 1972 stock, suggesting relative competitiveness versus older buildings. Investors should still underwrite ongoing modernization for systems and finishes to meet current renter expectations, but the vintage offers a head start versus much of the surrounding inventory.
Neighborhood safety compares favorably at the national level, trending in the upper tiers nationwide, with recent data showing notable year-over-year declines in both property and violent offenses. Within the Los Angeles metro, conditions can vary by block and corridor, so investors should evaluate micro-location and building-level security practices when assessing leasing risk and retention.
Overall, the combination of improving trends and above-average national standing provides a constructive backdrop, while prudent on-site measures (lighting, access control, and resident engagement) remain important for long-term operations.
Proximity to major corporate offices underpins workforce housing demand and commute convenience. Nearby employers include Symantec, AECOM, Activision Blizzard, Activision Blizzard Studios, and Microsoft offices, supporting a diversified white-collar tenant base.
- Symantec corporate offices (2.3 miles)
- AECOM corporate offices (2.8 miles) HQ
- Activision Blizzard corporate offices (2.9 miles) HQ
- Activision Blizzard Studios corporate offices (3.3 miles)
- Microsoft Offices The Reserves corporate offices (3.3 miles)
3861 Vinton Ave benefits from an A+-rated neighborhood that ranks 47 out of 1,441 in the Los Angeles metro, with exceptional amenity access and a high share of renter-occupied housing units supporting multifamily demand. Elevated ownership costs in the area tend to reinforce renter reliance on apartments, while rent-to-income dynamics appear manageable favorable for retention and steady collections. According to CRE market data from WDSuite, neighborhood occupancy has softened versus five years ago, but the location s amenity depth and strong employment base help mitigate leasing volatility.
Built in 1991, the asset is newer than much of the surrounding 1970s-era stock, providing competitive positioning with potential value-add through targeted interior updates and system modernization. Within a 3-mile radius, projections call for population and household growth, expanding the tenant pool and supporting occupancy stability over the medium term.
- A+ neighborhood with top-tier amenities and strong metro rank supports renter appeal
- High renter-occupied share indicates depth of tenant base and demand resilience
- 1991 vintage offers competitive edge versus older stock with value-add upside
- 3-mile demographics point to expanding tenant pool and income strength
- Risk: neighborhood occupancy has eased; disciplined leasing and amenity upgrades may be needed