| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 92nd | Best |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4460 Overland Ave, Culver City, CA, 90230, US |
| Region / Metro | Culver City |
| Year of Construction | 1972 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4460 Overland Ave, Culver City Multifamily Opportunity
High ownership costs and strong household incomes in Culver City support durable renter demand in the surrounding neighborhood, according to WDSuite’s CRE market data. Neighborhood occupancy is around the low-90s, suggesting steady tenant depth for well-positioned assets.
Positioned in Culver City’s Urban Core, the property benefits from a deep, higher-income renter base and elevated home values relative to national norms. In a high-cost ownership market, multifamily assets tend to retain residents longer and support pricing discipline, per commercial real estate analysis informed by WDSuite.
Neighborhood-level rents trend well above U.S. averages and occupancy in the area is approximately 90% (neighborhood metric, not property-specific), indicating stable leasing conditions. Within a 3-mile radius, a majority of housing units are renter-occupied, which enlarges the tenant pool and underpins lease-up and renewal prospects.
Livability is reinforced by strong restaurant density and solid grocery access, while on-neighborhood counts for parks, pharmacies, and cafes are lighter. Childcare availability rates among the highest nationally, which can aid retention for family renters. Compared with Los Angeles-Long Beach-Glendale metro peers (1,441 neighborhoods), the area performs above national averages on several demand drivers even if not at the metro’s top tier.
Demographics aggregated within a 3-mile radius show high median incomes and a renter pool expected to expand with projected gains in households over the next five years, supporting occupancy stability. The property’s 1972 construction is slightly newer than the neighborhood’s mid-1960s vintage profile, suggesting potential value-add through targeted modernization to stay competitive versus newer product.
Safety indicators in the surrounding neighborhood benchmark above the national average, according to WDSuite. Property-related offenses sit in a stronger (safer) national percentile, while violent offense measures are also better than average nationally.
Recent year-over-year trends point to a decline in property offenses alongside a modest uptick in violent incidents. For investors, this mixed but generally favorable positioning supports tenant retention and leasing, with the usual need for property-level security practices and ongoing monitoring of submarket trends versus the broader Los Angeles metro.
Nearby corporate offices create a diversified employment base that supports renter demand and commute convenience for residents. The list below highlights technology, engineering, and entertainment employers located within a short drive.
- Symantec — software/security (1.6 miles)
- Microsoft Offices The Reserves — technology offices (2.8 miles)
- Activision Blizzard — video games (3.2 miles) — HQ
- AECOM — engineering & infrastructure (3.6 miles) — HQ
- Activision Blizzard Studios — entertainment production (4.0 miles)
Built in 1972 with a 55-unit scale, this asset sits in a high-income, high-cost homeownership pocket of Culver City where renter demand is reinforced by elevated ownership costs and neighborhood rents that outpace national levels. According to CRE market data from WDSuite, neighborhood occupancy hovers near the low-90s (neighborhood metric), indicating a broad tenant base and generally steady leasing conditions.
The 3-mile radius shows a majority of units renter-occupied and households projected to increase, pointing to a larger tenant base over time and support for occupancy stability. Given its vintage, the property is a candidate for targeted renovations—unit interiors, common areas, and building systems—to improve competitive positioning against newer supply while managing capital prudently.
- High-cost ownership market and strong incomes support sustained renter demand and renewal potential.
- Neighborhood rents above national norms with occupancy around the low-90s (neighborhood metric) support leasing stability.
- 3-mile radius indicates a majority renter-occupied housing stock and projected household growth, expanding the tenant pool.
- 1972 vintage offers value-add potential through focused modernization to compete with newer assets.
- Watchpoints: lighter on-neighborhood park/pharmacy density and older vintage require amenity programming and ongoing capex planning.