| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 89th | Best |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16070 W Sunset Blvd, Pacific Palisades, CA, 90272, US |
| Region / Metro | Pacific Palisades |
| Year of Construction | 1991 |
| Units | 21 |
| Transaction Date | 2010-08-18 |
| Transaction Price | $8,287,582 |
| Buyer | BG APARTMENTS LLC |
| Seller | ACTION II LOS ANGELES PARTNERS |
16070 W Sunset Blvd, Pacific Palisades Multifamily Investment
Positioned in an affluent inner-suburb of Los Angeles, this 21-unit 1991 asset benefits from strong renter demand supported by high home values and proximity to major Westside employment, according to WDSuite’s CRE market data.
Pacific Palisades scores an A neighborhood rating and ranks 204 out of 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, placing it in the top quartile locally for overall fundamentals. Elevated household incomes (high national percentile) and a high-cost ownership market support depth for premium rental product and help sustain pricing power.
The property’s 1991 construction is newer than the neighborhood’s average vintage of 1970, suggesting relative competitiveness versus older stock. Investors should still anticipate targeted modernization and systems updates typical for early-1990s buildings to protect positioning and support future rent trade-outs.
Neighborhood occupancy is 88.6% (neighborhood-level, not the property), indicating stable but competitive leasing conditions. Within a 3-mile radius, roughly a third of housing units are renter-occupied, which points to a thinner, higher-income renter pool but one that tends to support retention for quality assets. Median contract rents in the neighborhood sit near the top of national ranges, while rent-to-income levels suggest manageable affordability pressure for local tenants.
Local amenities compare well nationally: parks are highly accessible (very high national percentile), with strong density of cafes, restaurants, and grocery stores. Pharmacy and childcare density are limited in the immediate area, a typical pattern for low-density, high-income coastal neighborhoods. These dynamics, combined with Inner Suburb positioning, support lifestyle appeal that reinforces leasing for well-maintained multifamily.
Safety indicators compare favorably to many neighborhoods nationwide, with both violent and property offense rates sitting in higher national percentiles (safer relative standing). WDSuite’s data also shows a sharp one-year decline in estimated violent and property offense rates, signaling improving conditions. These are neighborhood-level measures and may vary by block; investors should incorporate standard diligence.
The area draws from a diversified Westside employment base that supports renter demand and commute convenience, including corporate offices for Abbott, Activision Blizzard, Occidental Petroleum, AECOM, and Microsoft.
- Abbott Laboratories — corporate offices (4.4 miles) — HQ
- Activision Blizzard — corporate offices (5.2 miles) — HQ
- Occidental Petroleum — corporate offices (5.3 miles) — HQ
- AECOM — corporate offices (6.8 miles) — HQ
- Microsoft Offices The Reserves — corporate offices (8.0 miles)
16070 W Sunset Blvd offers a scarce, coastal Los Angeles location where elevated home values and high household incomes reinforce reliance on quality rental housing. Based on commercial real estate analysis from WDSuite, the neighborhood’s A rating, strong amenity access, and proximity to marquee employers support durable renter demand and premium positioning for well-kept assets.
Built in 1991, the property is newer than the area’s average vintage, giving it an edge versus older stock while still warranting targeted capital planning for modernization and long-term systems upkeep. Neighborhood occupancy is stable at the area level, and within a 3-mile radius the renter-occupied share indicates a smaller but higher-income tenant base that can underpin retention. The high-cost ownership landscape further supports pricing resilience for desirable units, though lease-up may be more competitive during slower demand periods.
- Coastal Los Angeles location with A-rated neighborhood fundamentals and strong amenity access
- 1991 vintage offers relative competitiveness versus older stock with clear modernization pathways
- High-income renter base and high-cost ownership market support pricing power and retention
- Proximity to major Westside employers supports leasing stability
- Risks: thinner renter pool in an owner-leaning area and competitive lease-ups during softer demand