| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 88th | Best |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4043 Irving Pl, Culver City, CA, 90232, US |
| Region / Metro | Culver City |
| Year of Construction | 2013 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4043 Irving Pl Culver City Multifamily Opportunity
Strong renter concentration and top-tier amenities in the surrounding neighborhood support durable demand and lease retention, according to WDSuite s CRE market data. Neighborhood metrics cited reflect the area around the property, not the asset itself.
Positioned in Culver City s Urban Core, the neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods (A+ overall rating), signaling mature demand drivers and competitive fundamentals for multifamily. Restaurants, cafes, groceries, parks, and pharmacies all sit in high national percentiles, reinforcing daily convenience that supports leasing and retention.
Local schools average 4.0 out of 5 and place in the top quartile among Los Angeles neighborhoods, a factor that can broaden the renter profile to households prioritizing education while remaining proximate to employment. Median home values are elevated and among the highest nationally, indicating a high-cost ownership market that tends to keep the renter base engaged with multifamily options and can bolster pricing power.
The share of housing units that are renter-occupied in the neighborhood is high, providing depth to the tenant base and reducing lease-up risk for similar assets. Neighborhood occupancy trends are around the national midpoint, suggesting stable but competitive leasing conditions where well-located, well-amenitized assets can outperform.
Built in 2013 versus a neighborhood average vintage from the mid-1950s, the property s newer construction should be comparatively competitive versus older stock. Investors can plan for normal system aging and targeted modernization over time rather than immediate large capital programs.
Within a 3-mile radius, demographic data show a high-income renter pool today and projections indicating growth in households by 2028, which would expand the prospective tenant base. This outlook, paired with neighborhood amenity strength and workforce access, supports sustained absorption potential.
Safety indicators are competitive among Los Angeles neighborhoods (ranked within roughly the stronger third of 1,441 metro neighborhoods). Compared with neighborhoods nationwide, the area falls above average for overall safety.
Violent offense metrics are in the higher national percentiles (top quartile nationally), while property offenses also benchmark better than the national average. Recent year-over-year estimates indicate a notable uptick in property offenses locally; investors should monitor trendlines and consider standard security measures and lighting as part of asset operations.
The immediate area draws from a deep Westside employment base spanning technology, entertainment, engineering, and energy including Symantec, AECOM, Activision Blizzard (and its studios), and Live Nation supporting renter demand through short commutes and diversified white-collar jobs.
- Symantec software & cybersecurity (2.4 miles)
- AECOM engineering & infrastructure (2.8 miles) HQ
- Activision Blizzard Studios entertainment & gaming (3.1 miles)
- Activision Blizzard entertainment & gaming (3.4 miles) HQ
- Live Nation Entertainment live entertainment (3.5 miles)
4043 Irving Pl benefits from a high-amenity Urban Core location with strong renter-occupied housing share and elevated local incomes. According to CRE market data from WDSuite, neighborhood occupancy sits near the national midpoint, suggesting steady demand where newer-vintage assets can differentiate on finishes and operations. The 2013 construction is newer than much of the surrounding stock, which can translate into lower near-term capital needs and competitive positioning, while planning for routine system updates over the hold.
Within a 3-mile radius, projections point to population and household growth through 2028, indicating a larger tenant base and support for rent rolls over time. Elevated ownership costs in the neighborhood reinforce reliance on multifamily housing, and rent-to-income levels align with a higher-earning renter cohort factors that can aid occupancy stability and lease retention.
- Urban Core location with top-tier amenities and workforce access
- 2013 vintage offers competitive positioning versus older neighborhood stock
- High renter-occupied share and projected 3-mile household growth support demand
- Elevated ownership costs underpin multifamily reliance and pricing power
- Risks: average neighborhood occupancy, recent property offense uptick, and cyclical exposure to entertainment/tech employers