| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 93rd | Best |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4077 Glencoe Ave, Marina Del Rey, CA, 90292, US |
| Region / Metro | Marina Del Rey |
| Year of Construction | 2002 |
| Units | 102 |
| Transaction Date | 2004-02-20 |
| Transaction Price | $27,850,000 |
| Buyer | Metropolitan Life Insurance |
| Seller | Glencoe Marina Del Rey, |
4077 Glencoe Ave Marina del Rey Multifamily Investment
Positioned in a high-income coastal submarket where elevated home values sustain renter demand, this asset benefits from a deep tenant base and proximity to major employers, according to WDSuite s CRE market data.
Marina del Rey s Urban Core location offers strong day-to-day convenience. Neighborhood amenities are competitive among Los Angeles-Long Beach-Glendale neighborhoods (454 of 1,441), with abundant cafes and restaurants supported by top-quartile national access to dining and services. Pharmacies score at the top end nationally, and grocery access trends well above U.S. averages, supporting resident retention and daily livability.
Neighborhood fundamentals skew affluent: household incomes and home values sit in the upper national percentiles. In a high-cost ownership market, this tends to reinforce reliance on multifamily housing, supporting pricing power and lease-up velocity. At the same time, the neighborhood s rent-to-income profile suggests some affordability pressure, which calls for measured rent growth and proactive lease management.
The neighborhood s share of renter-occupied housing is elevated, indicating a sizable tenant pool for larger properties. While neighborhood occupancy is currently below metro leaders, sustained renter concentration and strong amenity access help support demand resilience through cycles, based on CRE market data from WDSuite.
Within a 3-mile radius, demographic trends point to a larger tenant base over the next five years: households are projected to increase even as average household size trends smaller. This combination typically supports absorption of smaller and mid-size units and can stabilize occupancy as more renters enter the market. Average school ratings are above many urban peers, which can aid retention among longer-term renters.
Vintage context: the property s 2002 construction is slightly older than the neighborhood s newer-than-average stock. Investors should underwrite ongoing capital planning and modernization to maintain competitive positioning versus 2006-era and newer assets, with potential value-add upside in finishes and systems.
Safety metrics are comparatively favorable versus many urban Los Angeles submarkets. The neighborhood ranks 103 out of 1,441 in the metro for lower crime, placing it above most local areas and in the upper national percentiles for safety. Recent year-over-year estimates indicate notable declines in both violent and property offenses, which supports renter confidence and leasing stability; however, safety can vary by micro-location and over time, so underwriting should consider property-specific measures and trends.
The employment base features technology, entertainment, and corporate services within short commutes, which typically supports leasing velocity and retention for workforce and professional renters. Nearby anchors include Microsoft, Activision Blizzard, Abbott Laboratories, Symantec, and Southwest Airlines operations.
- Microsoft Offices The Reserves technology offices (1.4 miles)
- Activision Blizzard video games publisher (2.1 miles) HQ
- Abbott Laboratories healthcare products (2.5 miles) HQ
- Symantec cybersecurity offices (3.1 miles)
- Southwest Airlines Counter airline operations (3.8 miles)
4077 Glencoe Ave combines coastal Westside fundamentals with a sizable renter base and strong household incomes. Elevated home values in the neighborhood tend to sustain multifamily demand and support pricing power, while national top-tier amenity access underpins day-to-day livability. According to CRE market data from WDSuite, the neighborhood s renter-occupied share is high, which deepens the tenant pool even as neighborhood occupancy trends below metro leaders.
Built in 2002, the asset is slightly older than the local average vintage. This positions it for targeted value-add and modernization to remain competitive versus newer stock, while benefitting from proximity to major employers in technology, entertainment, and corporate services. Within a 3-mile radius, projections indicate growth in households and a smaller average household size, which typically supports ongoing renter demand and occupancy stability.
- High-cost ownership market reinforces renter reliance and supports pricing power
- Deep renter-occupied share supports leasing velocity and tenant depth
- 2002 vintage offers value-add and modernization potential versus newer competitive set
- Employer proximity in tech and entertainment supports demand and retention
- Risk: neighborhood occupancy trails metro leaders; prudent rent setting and active management recommended