| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 78th | Best |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16101 W Sunset Blvd, Pacific Palisades, CA, 90272, US |
| Region / Metro | Pacific Palisades |
| Year of Construction | 2000 |
| Units | 23 |
| Transaction Date | 1998-06-01 |
| Transaction Price | $970,000 |
| Buyer | 16101-16109 SUNSET LLC |
| Seller | 1800 STATE STREET PARTNERS LTD |
16101 W Sunset Blvd Pacific Palisades Multifamily Investment
Positioned in a high-income, ownership-heavy coastal enclave, the asset benefits from durable renter demand and strong pricing power, according to WDSuite’s CRE market data. Neighborhood occupancy trends trail metro leaders, so performance hinges on quality operations and positioning rather than velocity.
Pacific Palisades offers lifestyle appeal and income depth that support Class B/B+ multifamily positioning. Neighborhood home values sit at the very high end nationally, which reinforces renter reliance on multifamily housing and can aid lease retention. Median contract rents are also elevated relative to the U.S., but rent-to-income levels indicate manageable affordability pressure for the typical local tenant base.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s overall rating is competitive (ranked 362 among 1,441 neighborhoods), reflecting above-median standing in demographics and housing quality. However, neighborhood occupancy ranks near the lower end of the metro (1,314 of 1,441), suggesting investors should underwrite to operational execution over rapid lease-up. The share of housing units that are renter-occupied is below half locally, indicating a smaller but stable tenant base rather than a transient renter market.
Amenities skew toward outdoor and neighborhood-serving options: parks and pharmacies score above national averages, while restaurants are solidly represented relative to U.S. norms. Cafe and grocery counts are lighter immediately nearby, so on-site conveniences and parking can be meaningful differentiators. Construction in the area skews older than this asset; with a 2000 vintage against a neighborhood average near the early 1980s, the property should be competitive versus older stock, though investors may consider modernization of common areas and building systems over the hold.
Demographic statistics aggregated within a 3-mile radius show recent population softness but a projected increase in households alongside slightly smaller household sizes. This points to a larger tenant base over the next several years and supports occupancy stability, with higher-income cohorts well represented and likely to favor high-service offerings. Based on CRE market data from WDSuite, these dynamics align with steady, needs-based demand in an otherwise ownership-oriented pocket of the Westside.
Safety indicators compare favorably. The neighborhood ranks well within the Los Angeles-Long Beach-Glendale metro (97 out of 1,441 neighborhoods), and violent offense metrics are in the top quartile nationally. Property offense levels track around the national middle but have improved markedly year over year, according to WDSuite’s CRE market data. Taken together, these trends suggest conditions that support resident retention and leasing stability relative to many Los Angeles submarkets.
Nearby anchor employers span healthcare products, gaming and entertainment, energy, and engineering, supporting a professional tenant base and commute convenience for workforce housing. The following headquarters and offices are within a roughly 4–8 mile radius.
- Abbott Laboratories — healthcare products (4.4 miles) — HQ
- Activision Blizzard — video games (5.2 miles) — HQ
- Occidental Petroleum — energy (5.35 miles) — HQ
- AECOM — engineering (6.87 miles) — HQ
- Activision Blizzard Studios — entertainment (7.91 miles)
This 23-unit, 2000-vintage asset in Pacific Palisades sits in a high-cost ownership market with elevated incomes, reinforcing rental demand depth and supporting rent resilience. The property’s vintage is newer than the neighborhood’s average stock, offering a competitive edge versus 1980s-era comparables while leaving room for targeted capital improvements to refresh common areas and systems.
Neighborhood occupancy trends are softer within the metro, but the renter pool skews higher-income, and household counts within a 3-mile radius are expected to grow even as average household size edges down—factors that can support leasing stability and absorption. According to CRE market data from WDSuite, safety indicators are competitive locally and strong in national context, and amenity access favors outdoor spaces and neighborhood services, which aligns with the submarket’s lifestyle positioning.
- High-cost ownership market supports multifamily demand and potential rent durability
- 2000 vintage offers competitive positioning versus older local stock with value-add upside
- 3-mile household growth and income depth point to a resilient tenant base and leasing stability
- Safety metrics are competitive in the metro and top quartile nationally, aiding retention
- Risks: metro-relative occupancy softness and thinner nearby retail/cafe options require strong operations and on-site amenity focus