| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 79th | Best |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15516 W Sunset Blvd, Pacific Palisades, CA, 90272, US |
| Region / Metro | Pacific Palisades |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15516 W Sunset Blvd Pacific Palisades Multifamily Investment
Positioned in a high-cost ownership pocket of Pacific Palisades, the asset benefits from deep renter demand supported by premium neighborhood amenities, according to WDSuite’s CRE market data. Neighborhood occupancy and pricing dynamics should be monitored, but location fundamentals and large unit formats support retention.
Pacific Palisades sits in the Los Angeles-Long Beach-Glendale metro with an A-rated neighborhood profile and strong amenity access. Amenity strength ranks 117th among 1,441 metro neighborhoods (top quartile), and national amenity measures score in the low 90th percentiles, indicating day-to-day convenience that supports leasing and renewal prospects.
Parks, pharmacies, cafes, and restaurants all index well nationally (mid- to high-90th percentiles), reinforcing lifestyle appeal for higher-income renters. These are neighborhood-level metrics, not property operations, but they tend to correlate with stable demand for well-managed multifamily assets.
The property’s 1972 vintage is older than the neighborhood’s average construction year (1982). For investors, that typically implies capital planning for systems and common-area upgrades, alongside potential value-add positioning to remain competitive against newer product.
Within a 3-mile radius, demographics are affluent with a large professional cohort and a renter-occupied share near the mid-40s, providing a meaningful tenant base for quality apartments. While the broader neighborhood occupancy rate trends below the national median, elevated home values locally sustain reliance on rentals, which can support absorption for well-located buildings.
Three-mile trends show modest population softening in recent years alongside smaller average household sizes, with forecasts pointing to an increase in total households over the next five years. For investors, a larger household count can translate into a broader renter pool and support for occupancy stability, even if population growth is measured.
Neighborhood safety indicators are favorable relative to both the metro and the nation. Crime ranks 17th among 1,441 Los Angeles metro neighborhoods, and national comparisons place the area roughly in the top decile for safety. These are neighborhood-level signals and not block-specific, but they align with renter expectations in premium Westside submarkets.
Recent trend data also shows pronounced year-over-year reductions in both property and violent offense rates at the neighborhood level, supporting an overall stable operating backdrop for multifamily housing. As always, investors should pair these indicators with property-specific security and management practices.
Proximity to major corporate offices underpins a diverse, higher-income renter base and supports retention through commute convenience. Notable nearby employers include healthcare, gaming, energy, engineering, and entertainment headquarters and offices.
- Abbott Laboratories — healthcare & diagnostics (4.1 miles) — HQ
- Activision Blizzard — gaming & interactive entertainment (4.8 miles) — HQ
- Occidental Petroleum — energy (4.9 miles) — HQ
- AECOM — engineering & infrastructure (6.5 miles) — HQ
- Activision Blizzard Studios — media production (7.5 miles)
This 24-unit, 1972-vintage asset in Pacific Palisades pairs a premium lifestyle location with large average unit sizes, creating a defensible position in a high-cost ownership market. Elevated neighborhood home values and strong amenity access reinforce renter reliance on quality apartments, while nearby blue-chip employers broaden the higher-income tenant base. Based on CRE market data from WDSuite, neighborhood safety indicators trend in the top tier regionally and nationally, which supports leasing and renewal performance.
Key watchpoints include below-median neighborhood occupancy levels and the competitive Westside supply landscape, which may require proactive leasing and value-add execution. That said, the combination of location fundamentals, affluent 3-mile demographics, and potential renovation upside offers a credible path to durable operations for disciplined owners.
- Premium Westside location with strong amenity access and top-decile neighborhood safety supports retention
- High-cost ownership market bolsters rental demand and pricing power for well-managed communities
- 1972 vintage presents value-add and systems-upgrade opportunities to enhance competitiveness
- Proximity to blue-chip employers expands the higher-income renter pool
- Risk: below-median neighborhood occupancy may require active leasing and renewal management