| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 79th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8500 Pershing Dr, Playa Del Rey, CA, 90293, US |
| Region / Metro | Playa Del Rey |
| Year of Construction | 2004 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8500 Pershing Dr Playa Del Rey Multifamily Investment
Positioned in a renter-heavy Los Angeles submarket, the neighborhood shows solid occupancy and depth of renter-occupied housing, supporting durable demand according to WDSuite’s CRE market data.
Livability indicators around 8500 Pershing Dr point to steady multifamily fundamentals. Neighborhood occupancy trends sit above national norms, and renter-occupied housing is the majority locally, signaling a broad tenant base and potential for stable lease-up and renewals. Median rents in the surrounding area track at upper-tier levels for the region, underscoring pricing power for competitive assets.
Within a 3-mile radius, the resident profile skews toward higher-income households and smaller household sizes, with recent and projected growth in population and households. This combination typically supports demand for professionally managed apartments and helps sustain occupancy through economic cycles. Based on CRE market data from WDSuite, these dynamics compare favorably to many U.S. neighborhoods, even as performance varies across Los Angeles submarkets.
The property’s 2004 vintage is newer than the neighborhood’s older housing stock. That positioning can reduce near-term capital exposure versus legacy assets and enhance competitiveness with modern layouts and systems, while still leaving room for targeted value-add or common-area upgrades to capture premium rents where justified.
Amenity density measured strictly within the neighborhood boundary is limited, and average school ratings trail higher-performing Los Angeles areas. For investors, that suggests the value proposition leans on coastal access, employment proximity, and professional tenant demand rather than school-driven leasing. Careful asset management and refreshed finishes can help maintain traction with the local renter pool.
Safety metrics are mixed in a useful way for underwriting. Nationally, neighborhood safety places in stronger tiers (top quartile compared with neighborhoods nationwide), while within the Los Angeles-Long Beach-Glendale metro the ranking indicates more middle-of-the-pack conditions among 1,441 neighborhoods. Recent estimates show notable year-over-year decreases in both property and violent offense rates, which supports a constructive trend view without assuming straight-line improvement.
Proximity to Westside and airport-area employers underpins renter demand, offering short commutes for technology, media, and aviation workers highlighted below.
- Microsoft Offices The Reserves — technology (1.6 miles)
- Southwest Airlines Counter — airline operations (2.4 miles)
- Symantec — cybersecurity (3.8 miles)
- Mattel — toys & consumer products (3.8 miles) — HQ
- Abbott Laboratories — healthcare & medical devices (4.0 miles) — HQ
This 49-unit asset (built 2004) benefits from a majority-renter neighborhood, upper-tier rent positioning, and occupancy levels that trend above national norms, supporting income stability relative to many U.S. locations. Within a 3-mile radius, household growth and high-income demographics suggest a deep tenant base and ongoing renter pool expansion—favorable for maintaining leasing velocity and renewal capture. According to CRE market data from WDSuite, the submarket’s performance drivers are consistent with Westside employment access and coastal urban living, while acknowledging variable outcomes across Los Angeles micro-locations.
Newer relative to the area’s older stock, the property can compete on finishes and systems while retaining selective value-add upside. Key underwriting considerations include modest in-neighborhood amenity density and average school ratings, which place more weight on employment access, asset quality, and active management to sustain pricing power.
- Majority-renter neighborhood and solid occupancy support durable demand and renewal potential
- 2004 vintage offers competitive positioning versus older stock with targeted value-add potential
- 3-mile demographics show higher incomes and household growth, reinforcing tenant depth
- Risks: limited in-neighborhood amenity density and average school ratings require active leasing strategy