| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 96th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4500 Via Marina, Marina Del Rey, CA, 90292, US |
| Region / Metro | Marina Del Rey |
| Year of Construction | 2005 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4500 Via Marina, Marina del Rey Multifamily Opportunity
Positioned in a high-amenity, renter-driven pocket of Marina del Rey, this 2005-vintage asset offers competitive curb appeal and tenant appeal relative to older local stock, according to WDSuite’s CRE market data. Expect steady renter interest supported by strong incomes and lifestyle convenience, while managing pricing and retention in a premium coastal submarket.
Marina del Rey’s Urban Core setting combines daily convenience with lifestyle amenities that help sustain multifamily demand. Neighborhood indicators point to dense food, beverage, and park access — cafes and restaurants score in the upper ranges nationally, and park and grocery access also test well above average — a backdrop that supports leasing velocity and renewals for professionally managed assets.
The neighborhood skews renter-occupied (about two-thirds of housing units are renter-occupied), signaling a deep tenant base for larger properties and supporting demand stability for multifamily. Median household incomes trend high for the metro, which can underpin effective rents, though operators should calibrate renewals to maintain retention where rent-to-income ratios tighten.
Construction in the area averages late-1970s; this property’s 2005 vintage positions it as relatively newer versus much of the surrounding stock — an advantage for competitiveness and unit finishes. Investors should still plan for mid-cycle systems updates and targeted common-area refreshes to preserve positioning against new deliveries across Los Angeles’ Westside.
Within a 3-mile radius, demographics show a modest recent softening in population alongside growth in households and families, pointing to smaller household sizes and continued renter pool depth. Forward-looking projections indicate population and household growth through the next five years, which could expand the local tenant base and support occupancy stability. Elevated home values in the vicinity reflect a high-cost ownership market, which typically reinforces reliance on multifamily rentals and supports pricing power when paired with strong incomes, based on CRE market data from WDSuite.
Safety indicators for the neighborhood are mixed and currently track below national averages, with property and violent offense rates benchmarking weaker than many U.S. neighborhoods. In the Los Angeles-Long Beach-Glendale metro context, the area ranks in the lower tiers among 1,441 neighborhoods, indicating investors should underwrite with pragmatic assumptions around security posture and insurance. Recent year-over-year trends show declines in both property and violent offenses, suggesting gradual improvement that operators can complement with on-site measures and resident engagement.
Proximity to major employers across technology, entertainment, and corporate services supports weekday traffic and broad renter demand, particularly for professionals seeking short commutes. Notable nearby employers include Microsoft, Abbott Laboratories, Activision Blizzard, Southwest Airlines, and Symantec.
- Microsoft Offices The Reserves — technology offices (1.7 miles)
- Abbott Laboratories — healthcare products (2.7 miles) — HQ
- Activision Blizzard — gaming & entertainment (3.4 miles) — HQ
- Southwest Airlines Counter — air transportation offices (3.5 miles)
- Symantec — cybersecurity offices (4.0 miles)
Built in 2005 with 120 units, the property competes favorably against an area where much of the housing stock is older, offering an edge on finishes and building systems versus 1970s-era inventory. Amenity density, a high renter-occupied share, and strong local incomes contribute to depth of demand and leasing resilience, while elevated ownership costs in this coastal pocket tend to sustain reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood amenities rank well nationally, and forward 3-mile demographic baselines point to growth in households — supportive of occupancy management over a multi-year hold.
Key considerations include underwriting for premium-coastal pricing dynamics (retention and concessions strategy where rent-to-income pressure emerges) and maintaining a visible safety posture given below-average safety benchmarks that nevertheless show recent improvement. Capital plans should assume mid-life refreshes to maintain competitive position against newer Westside deliveries.
- 2005 vintage outcompetes older neighborhood stock, supporting rentability
- High-amenity, coastal location with strong incomes supports demand depth
- Renter-occupied concentration and projected household growth (3-mile) aid occupancy stability
- Value preservation via targeted systems and common-area updates over the hold
- Risks: premium-market affordability pressure, below-average safety metrics, and competitive Westside supply