| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 78th | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2211 4th St, Santa Monica, CA, 90405, US |
| Region / Metro | Santa Monica |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2004-11-05 |
| Transaction Price | $3,898,181 |
| Buyer | COMMUNITY CORP OF SANTA MONICA |
| Seller | CLIDE OIL CORP |
2211 4th St Santa Monica Multifamily Opportunity
Positioned in a high-demand renter pocket of Santa Monica, the asset benefits from strong neighborhood renter-occupied share and deep amenity access, according to WDSuite’s CRE market data. Expect durable leasing interest supported by a high-cost ownership market and consistent coastal demand drivers.
Located in Santa Monica’s Urban Core, the neighborhood scores an A and ranks 96th out of 1,441 Los Angeles–Long Beach–Glendale neighborhoods, making it competitive among metro peers. Amenity access is a clear strength: parks, restaurants, cafés, and groceries all sit in the top national percentiles, supporting day-to-day convenience and renter retention.
The area functions as a high-cost ownership market (home values in the top national percentile), which tends to reinforce reliance on rental housing and sustain multifamily demand. Neighborhood renter concentration is high, indicating a broad tenant base and consistent leasing velocity for well-positioned units.
Demographic statistics aggregated within a 3-mile radius show near-term softness in population trends historically, with projections indicating a resumption of population growth and an increase in households by 2028. A smaller average household size alongside income growth suggests a larger pool of renters entering or remaining in the market, which supports occupancy stability.
School ratings are below the national median, which may temper appeal for some family renters, but proximity to employment nodes and lifestyle amenities remains a strong draw for young professionals and downsizers. The building’s 1972 vintage is somewhat older than the neighborhood average (1966), pointing to potential value-add through modernization and capital planning to sharpen competitive positioning.
Safety signals are mixed and should be evaluated over time rather than block-by-block. The neighborhood’s crime ranking sits toward the higher end relative to 1,441 Los Angeles–Long Beach–Glendale neighborhoods and falls below national safety percentiles, indicating elevated incident rates compared with many U.S. neighborhoods.
Investors typically mitigate this with professional management, lighting and access controls, and by emphasizing the area’s strong amenity and employment access. Monitoring trend direction and comparable submarkets is advisable as part of ongoing asset management.
Nearby employers span healthcare, gaming, software, energy, and engineering—providing a diverse white-collar employment base that supports renter demand and commute convenience for residents.
- Abbott Laboratories — healthcare (0.4 miles) — HQ
- Activision Blizzard — gaming (2.0 miles) — HQ
- Microsoft Offices The Reserves — software (4.0 miles)
- Occidental Petroleum — energy (4.3 miles) — HQ
- AECOM — engineering & design (5.3 miles) — HQ
This 22-unit, 1972-vintage property sits in a nationally competitive coastal neighborhood with exceptional amenity access and a deep renter pool. Based on commercial real estate analysis from WDSuite, the submarket’s high renter concentration and elevated ownership costs support consistent leasing, while modernization can unlock value relative to newer product.
Three-mile data points to projected growth in households and income, reinforcing long-run demand for professionally managed rentals. While rent-to-income pressures and below-median school ratings merit careful lease management, the combination of diversified nearby employers and lifestyle convenience underpins durable occupancy over a full cycle.
- High renter-occupied share and high-cost ownership context support demand depth and lease retention.
- Amenity-rich Urban Core location with top-tier access to parks, dining, cafés, and groceries.
- 1972 vintage offers clear value-add and systems modernization potential to enhance competitiveness.
- Diverse nearby employers (healthcare, gaming, software, energy, engineering) bolster renter demand and retention.
- Risks: below-national safety percentiles and affordability pressure require active leasing and expense control.