| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 94th | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1115 9th St, Santa Monica, CA, 90403, US |
| Region / Metro | Santa Monica |
| Year of Construction | 1972 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1115 9th St Santa Monica Multifamily Investment
Strong renter-occupied concentration and top-tier neighborhood amenities support demand and retention potential, according to WDSuite’s CRE market data. Ownership costs in Santa Monica remain elevated, reinforcing reliance on multifamily housing in this urban core location.
Situated in Santa Monica’s Urban Core, the neighborhood scores A+ overall and ranks 5th among 1,441 Los Angeles metro neighborhoods, signaling competitive positioning for multifamily investors. Amenity access is a clear differentiator: restaurants, cafes, groceries, parks, and pharmacies all track in the top national percentiles, which supports renter lifestyle needs and day-to-day convenience that can aid lease retention.
Neighborhood-level school quality stands out with an average rating at the top of the metro (ranked 1st of 1,441), placing the area in the top tier nationally for education access. For investors, strong schools can broaden the prospective renter pool and support longer tenancy for households prioritizing education.
Tenure patterns indicate depth of the rental market: renter-occupied share is high at the neighborhood level (above the national norm), and within a 3-mile radius, 67% of housing units are renter-occupied. This renter concentration points to a sizable tenant base and supports ongoing multifamily demand.
Within a 3-mile radius, recent trends show modest population softness historically but improving forward indicators: population is projected to grow over the next five years alongside an increase in families and a decrease in average household size. These shifts typically expand the renter pool and can support occupancy stability for well-located assets.
Home values in the neighborhood are among the highest nationally, which typically sustains rental demand by making ownership comparatively costly. At the same time, rent-to-income metrics indicate relatively manageable affordability pressure for the area’s income profile, which can aid lease renewal rates and pricing power at the margin.
Safety trends should be evaluated as part of underwriting. The neighborhood’s crime rank sits toward the higher end of the Los Angeles metro (closer to the bottom of the distribution among 1,441 neighborhoods) and compares below national safety norms. Recent one-year estimates indicate property and violent offenses have risen, so investors may consider security measures and daytime vs. nighttime activity patterns when assessing operational risk.
As always, crime can vary block to block and by micro-location; compare on-site conditions and management practices with nearby Los Angeles submarkets to calibrate expectations for tenant retention and operating expenses.
Proximity to major employers in tech, entertainment, and energy supports a diverse white-collar workforce and commute convenience for renters. Notable nearby anchors include Abbott Laboratories, Activision Blizzard, Occidental Petroleum, AECOM, and Microsoft offices.
- Abbott Laboratories — healthcare products (1.7 miles) — HQ
- Activision Blizzard — video games (2.4 miles) — HQ
- Occidental Petroleum — energy (3.8 miles) — HQ
- AECOM — engineering & infrastructure (5.1 miles) — HQ
- Microsoft Offices The Reserves — technology offices (5.2 miles)
1115 9th St brings 21 units to one of the Los Angeles metro’s most amenity-rich, high-income coastal neighborhoods, where renter concentration is elevated and schools rank at the top of the metro. The combination of strong neighborhood livability, high ownership costs, and a sizable renter base supports durable multifamily demand; based on CRE market data from WDSuite, the area’s amenity density and education access are top-tier nationally, which can translate into leasing resilience for well-managed assets.
Built in 1972, the property may benefit from targeted capital improvements to enhance competitiveness against newer stock and to capture value-add upside through unit modernization and operational efficiencies. Key risks include a less favorable neighborhood safety profile and pockets of leasing volatility across the metro, underscoring the importance of asset-level management, security, and careful rent positioning.
- High renter concentration and top-ranked schools broaden the tenant base and support retention
- Exceptional amenity access and coastal location underpin long-term demand
- Elevated ownership costs in the area reinforce reliance on multifamily housing
- 1972 vintage offers value-add potential via renovations and operational upgrades
- Risk: below-average safety metrics necessitate proactive security and tenant experience management