| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 84th | Best |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1304 Park View Ave, Manhattan Beach, CA, 90266, US |
| Region / Metro | Manhattan Beach |
| Year of Construction | 1997 |
| Units | 104 |
| Transaction Date | 1994-01-20 |
| Transaction Price | $100,000 |
| Buyer | MANHATTAN VILLAGE SENIOR PROJECT |
| Seller | THE CITY OF MANHATTAN BEACH |
1304 Park View Ave Manhattan Beach Multifamily Investment
This 104-unit property built in 1997 operates in a neighborhood ranking 34th among 1,441 Los Angeles metro neighborhoods, with 95% occupancy rates supporting stable rental demand according to CRE market data from WDSuite.
Manhattan Beach represents a premium inner suburban market with exceptional fundamentals for multifamily investors. The neighborhood ranks in the top quartile nationally across key metrics, earning an A+ rating with strong performance in amenities (97th percentile nationally), demographics (84th percentile), and housing stability. Median household income reaches $173,984 within the 3-mile radius, with 32.1% of households earning over $200,000 annually, creating a deep pool of qualified renters.
The property's 1997 construction year positions it well within the neighborhood's building stock, which averages 1982 construction. This vintage provides opportunities for value-add improvements while avoiding major capital expenditures typical of older properties. Schools rate exceptionally high at 5.0 out of 5.0, ranking first nationally, while amenity density includes 5.04 grocery stores per square mile (96th percentile nationally) and robust restaurant and cafe access supporting tenant retention.
Rental fundamentals remain strong with neighborhood-level occupancy at 95% and median contract rents of $2,889 for one-bedroom units. The area maintains 29.9% of housing units as rentals, with elevated home values at $1.89 million median reinforcing rental demand as ownership costs remain substantial. Demographics within the 3-mile radius show steady population growth of 1.1% over five years, with household formation supporting continued rental absorption.
Crime trends show improvement with property offenses declining 57.2% year-over-year, while the neighborhood's 68th percentile safety ranking nationally provides competitive positioning. The rent-to-income ratio of 0.20 indicates manageable affordability for the high-income tenant base, supporting lease renewal rates and pricing power in this premium Los Angeles submarket.
The neighborhood demonstrates improving safety trends that support investor confidence and tenant retention. Property crime rates declined 57.2% year-over-year, ranking in the 91st percentile nationally for crime reduction. The area's overall crime ranking places it at 527th among 1,441 Los Angeles metro neighborhoods, representing above-average safety performance in the 68th percentile nationally.
Violent crime rates remain moderate at 58 incidents per 100,000 residents, with a 37.7% year-over-year decline indicating positive momentum. These safety improvements, combined with the neighborhood's affluent demographics and strong institutional presence, create an environment conducive to stable occupancy and competitive lease terms in the premium Manhattan Beach market.
The property benefits from proximity to major corporate headquarters and offices that anchor the South Bay employment base, supporting consistent rental demand from professionals and executives.
- Mattel — toy and entertainment company (1.5 miles) — HQ
- Southwest Airlines Counter — airline operations (3.4 miles)
- Microsoft Offices The Reserves — technology services (5.6 miles)
- Symantec — cybersecurity software (6.1 miles)
- Abbott Laboratories — healthcare and pharmaceuticals (8.8 miles) — HQ
This 104-unit Manhattan Beach property offers institutional-quality fundamentals in one of Los Angeles County's most desirable submarkets. Built in 1997, the asset provides value-add potential through unit upgrades and amenity enhancements while avoiding major structural capital expenditures. The neighborhood's A+ rating and top-quartile national performance in demographics and amenities create sustainable competitive advantages for long-term hold strategies.
Rental demand drivers remain exceptionally strong, with median household incomes of $173,984 and 95% neighborhood occupancy rates supporting pricing power and renewal stability. The 29.9% rental tenure rate, combined with $1.89 million median home values, reinforces tenant retention as ownership alternatives remain cost-prohibitive for many residents. Commercial real estate analysis from WDSuite confirms the area's resilience through economic cycles, with improving safety metrics and steady population growth of 1.1% annually within the 3-mile radius.
- Premium location with A+ neighborhood rating and top-quartile national demographics
- Strong rental fundamentals: 95% occupancy and $2,889 median rents support cash flow stability
- Value-add opportunities through 1997 vintage allowing strategic improvements without major CapEx
- High-income tenant base with 32% of households earning over $200,000 annually
- Risk consideration: Premium market positioning requires active management to maintain competitive edge