| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 93rd | Best |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4073 S Glencoe Ave, Marina Del Rey, CA, 90292, US |
| Region / Metro | Marina Del Rey |
| Year of Construction | 2002 |
| Units | 102 |
| Transaction Date | 2012-03-01 |
| Transaction Price | $37,800,000 |
| Buyer | EQR-Belle Fontaine LP |
| Seller | CLPF-Belle Fontaine LP |
4073 S Glencoe Ave Marina Del Rey Multifamily Investment
Renter demand is supported by a high-cost ownership landscape and strong neighborhood incomes, according to WDSuite’s CRE market data. The area’s established amenities and employment access point to durable leasing fundamentals for a 100+ unit asset.
Located in Marina Del Rey within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates A overall (ranked 74 among 1,441 metro neighborhoods), signaling competitive fundamentals for an urban core location. Cafes, restaurants, and pharmacies index strongly (top national percentiles), which supports lifestyle appeal and resident retention, while limited parks and childcare density may narrow appeal for some households.
Neighborhood occupancy is measured at 89.3% (neighborhood metric, not the property), which sits below the national median, suggesting leasing performance may rely more on product quality, amenities, and management to sustain stability. Median contract rents in the neighborhood rank at the top of national comparisons, reinforcing the importance of asset differentiation and revenue management.
The asset’s 2002 vintage is modestly older than the neighborhood’s average 2006 construction year, indicating potential value-add through targeted renovations and systems modernization to remain competitive against newer stock. With 52.8% of housing units renter-occupied, the neighborhood shows a meaningful renter concentration that supports depth of tenant demand for multifamily.
Within a 3-mile radius, households increased over the past five years even as population was roughly flat, pointing to smaller household sizes and steady formation that can support the renter pool. Forward-looking data indicates growth in households and incomes by 2028, which can expand the tenant base and support occupancy and rent levels for well-positioned assets.
Elevated home values and a high value-to-income ratio in the neighborhood indicate a high-cost ownership market, which tends to sustain reliance on multifamily rentals. At the same time, a higher rent-to-income ratio signals affordability pressure risk; operators should emphasize retention strategies and renewal management to protect cash flows.
Relative to other neighborhoods nationwide, safety indicators are favorable on violent offenses (top quartile nationally), and property offenses sit closer to mid-pack nationally. Compared with Los Angeles metro peers, the neighborhood’s crime rank (103 out of 1,441) places it above the metro average. Recent year-over-year declines in both violent and property offenses point to improving trends, though investors should continue monitoring local patterns over time rather than block-level variation.
Proximity to major corporate offices across tech, entertainment, healthcare, and transportation supports a strong professional renter base and commute convenience for residents. The list below highlights nearby employers that can underpin leasing stability.
- Microsoft Offices The Reserves — technology offices (1.4 miles)
- Activision Blizzard — video game publishing (2.1 miles) — HQ
- Abbott Laboratories — healthcare & medical products (2.5 miles) — HQ
- Symantec — cybersecurity offices (3.1 miles)
- Southwest Airlines Counter — airline operations (3.8 miles)
This 102-unit property in Marina Del Rey benefits from an amenity-rich urban core setting, strong household incomes, and a high-cost ownership market that reinforces multifamily demand. Neighborhood occupancy is below the national median, so outperformance hinges on product quality and management execution; however, renter concentration and robust local services help support demand durability. Based on commercial real estate analysis from WDSuite, the area’s rent levels and income profiles indicate pricing power for well-positioned assets, balanced by the need for active affordability and renewal management.
Built in 2002, the asset is slightly older than the local 2006 average, presenting value-add potential through selective interior and systems upgrades to compete with newer stock. Within a 3-mile radius, the outlook points to growth in households and incomes through 2028, expanding the renter pool and supporting leasing, while the concentration of nearby employers adds demand depth across professional segments.
- High-cost ownership market sustains renter reliance and supports demand
- Amenity-dense location with strong income profiles underpins pricing power
- 2002 vintage offers targeted value-add and modernization opportunities
- Nearby employers in tech, entertainment, and healthcare support leasing depth
- Risk: neighborhood occupancy below national median requires focused retention strategy