| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 78th | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2505 4th St, Santa Monica, CA, 90405, US |
| Region / Metro | Santa Monica |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2505 4th St, Santa Monica Multifamily Investment
Renter demand is reinforced by a high neighborhood renter-occupied share and elevated ownership costs, according to WDSuite’s CRE market data. This positions the asset for steady leasing in a supply-constrained coastal pocket of Los Angeles County.
Situated in Santa Monica’s Urban Core, the neighborhood ranks in the top tier locally (96 of 1,441) with strong amenity access that supports tenant retention and lease-up. Dense restaurant and cafe coverage, abundant parks, and solid grocery access create day-to-day convenience, while the lack of nearby pharmacies may require slightly longer trips for certain services.
Home values sit near the top nationally, which, in investor terms, sustains reliance on rentals and supports pricing power over time. The neighborhood’s renter-occupied share is high, indicating a deep tenant base for multifamily. Neighborhood occupancy trends are near national mid-range, suggesting stable but competitive leasing conditions rather than chronic softness.
Construction in the area skews mid-20th century (average 1966). With a 1972 vintage, the property is somewhat newer than much of the surrounding stock, which can aid competitive positioning; investors should still plan for system modernization or targeted renovations to capture value-add upside. According to WDSuite’s CRE market data, small average household sizes and high-income concentration further favor smaller-unit demand and support premium coastal rents.
Within a 3-mile radius, demographics indicate a large, affluent renter pool with forecasts calling for population and household growth over the next five years. This expansion, paired with a renter share around two-thirds, points to ongoing depth of demand for professionally managed apartments and supports occupancy stability through cycles.
Compared with Los Angeles-Long Beach-Glendale metro neighborhoods, this area trends below metro averages on safety, placing it toward the higher-crime end of the 1,441-neighborhood spectrum. Nationally, indicators are also below average, with recent year-over-year data showing an uptick in both property and violent offenses.
For investors, this argues for active property management, lighting and access controls, and resident engagement to support retention. Contextualizing safety at the neighborhood level — rather than the property — is important for underwriting, and trends should be monitored alongside leasing performance and insurance costs.
The immediate area benefits from a diversified white-collar employment base that supports renter demand and commute convenience, including Abbott Laboratories, Activision Blizzard, Microsoft, Occidental Petroleum, and AECOM.
- Abbott Laboratories — healthcare products (0.3 miles) — HQ
- Activision Blizzard — interactive entertainment (2.0 miles) — HQ
- Microsoft Offices The Reserves — software & cloud offices (3.8 miles)
- Occidental Petroleum — energy (4.4 miles) — HQ
- AECOM — engineering & infrastructure (5.3 miles) — HQ
2505 4th St is a 30-unit, 1972-vintage asset positioned in a high-demand coastal neighborhood where elevated ownership costs and a high renter-occupied share sustain depth of demand. Amenity density and proximity to major employers support leasing, while neighborhood occupancy trends suggest steady performance rather than overheated conditions. Based on commercial real estate analysis from WDSuite, the property is slightly newer than the local average stock, offering a platform for targeted renovations to enhance rent positioning.
Within a 3-mile radius, forecasts indicate population and household growth alongside high incomes, pointing to continued renter pool expansion that can underpin occupancy stability. Key underwriting considerations include neighborhood safety trends and rent-to-income pressures, which call for disciplined lease management and capital planning.
- Coastal location with strong amenity access and employer proximity supports sustained renter demand
- 1972 vintage is newer than much of the area s stock, enabling value-add through selective modernization
- High neighborhood renter-occupied share and elevated ownership costs reinforce depth of tenant base
- Forecast 3-mile population and household growth support occupancy stability and rent positioning
- Risks: below-metro-average safety and affordability pressure require active management and prudent underwriting