| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 79th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8614 Saran Dr, Playa Del Rey, CA, 90293, US |
| Region / Metro | Playa Del Rey |
| Year of Construction | 2009 |
| Units | 49 |
| Transaction Date | 2013-05-08 |
| Transaction Price | $14,300,143 |
| Buyer | 8715 BURTON TOWER INC |
| Seller | 8614 SARAN LLC |
8614 Saran Dr Playa Del Rey Multifamily Investment
2009-vintage, 49-unit asset positioned for durable renter demand and occupancy resilience, according to CRE market data from WDSuite. Neighborhood rents trend on the higher side regionally, supporting revenue consistency for well-managed multifamily.
Located in Los Angeles County s Urban Core, the area surrounding 8614 Saran Dr shows investment fundamentals oriented toward stable multifamily demand. While the amenity dataset for the immediate neighborhood is sparse, the submarket serves as a commuter-friendly hub for Westside and coastal employment nodes, which can reinforce leasing velocity and retention for workforce and professional renters.
Operationally, neighborhood occupancy is above national norms, and median asking rents are elevated versus many U.S. neighborhoods, based on CRE market data from WDSuite. For investors, this combination suggests pricing power when units are competitively finished and managed, with day-one underwriting that assumes steady absorption rather than outsized lease-up upside.
Tenure patterns support the multifamily thesis: renter-occupied housing accounts for a majority of units in the neighborhood, indicating a deep tenant base and steadier turnover flows. Within a 3-mile radius, renter concentration remains high, further broadening the prospect pool for smaller-format units and professionally managed communities.
Three-mile demographic statistics show recent population growth and a meaningful increase in households, with forecasts pointing to further household expansion over the next five years. Rising incomes and strong educational attainment in the neighborhood cohort support demand for quality rentals. Elevated home values in the neighborhood indicate a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can aid lease retention. At the same time, rent-to-income levels appear manageable for many households locally, which can help mitigate affordability-related turnover risk.
Schools in the broader area trend below national averages, which may influence unit mix strategy toward singles and couples. The 2009 construction vintage is newer than the neighborhood s older housing stock, positioning the asset competitively against mid-century buildings, though investors should still plan for ongoing systems maintenance and selective modernization to sustain rent positioning.
Safety metrics compare favorably at the national level, with the neighborhood trending in the top quartile nationally for overall safety according to WDSuite s CRE market data. Year over year, both estimated violent and property offense rates show notable declines, indicating an improving trend rather than a short-term anomaly.
As always, conditions can vary block to block. For underwriting, using neighborhood-level trends and recent trajectories as guideposts is prudent, while corroborating with on-the-ground observations and property-level incident histories.
Proximity to established employers underpins renter demand, with a strong base of technology, transportation, consumer products, and healthcare companies within short commuting distance. The nearby employment mix includes Microsoft, Southwest Airlines, Symantec, Mattel, and Abbott Laboratories.
- Microsoft Offices The Reserves technology offices (1.19 miles)
- Southwest Airlines Counter airline operations (1.97 miles)
- Symantec cybersecurity (3.19 miles)
- Mattel consumer products (3.56 miles) HQ
- Abbott Laboratories healthcare products (4.19 miles) HQ
8614 Saran Dr offers a 2009 construction profile in a predominantly older housing landscape, creating relative competitive moats against aging stock while still warranting prudent capital planning for mid-life systems and selective upgrades. Neighborhood occupancy trends above national averages, a majority renter-occupied housing base, and strong nearby employment nodes point to durable multifamily demand and stable leasing. Elevated neighborhood home values support renter reliance on professionally managed apartments, while local rent-to-income dynamics appear manageable enough to support retention strategies.
Within a 3-mile radius, recent population growth and a meaningful increase in households signal an expanding tenant base, with forecasts indicating further household gains that can support occupancy stability. According to CRE market data from WDSuite, neighborhood rents price toward the upper range nationally, aligning with higher-income renter cohorts typical of Westside Los Angeles submarkets.
- Newer 2009 vintage versus older local stock supports competitive positioning with targeted modernization.
- Above-national occupancy and majority renter-occupied housing base bolster demand stability.
- Expanding 3-mile household counts and strong employer proximity reinforce leasing and retention.
- Elevated ownership costs locally sustain renter reliance, supporting pricing power for quality units.
- Risk: Limited immediate neighborhood amenities and below-average school ratings may narrow some family renter demand; plan for amenities programming and unit-mix strategy.