| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 91st | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 307 Montana Ave, Santa Monica, CA, 90403, US |
| Region / Metro | Santa Monica |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
307 Montana Ave Santa Monica Multifamily Opportunity
Positioned in an inner-suburban pocket where elevated home values and strong schools support durable renter demand, according to WDSuite’s CRE market data. The investment angle centers on retention and pricing power driven by a deep renter pool and high-cost ownership market.
Santa Monica’s North-of-Montana setting offers a livable mix of neighborhood parks and dining access, with parks density performing in the top national percentiles and restaurants concentration also testing well above national norms. Schools post top-tier results (top national percentile for average ratings), a factor that tends to underpin leasing stability and resident longevity for multifamily assets.
Within a 3-mile radius, housing is predominantly renter-occupied, indicating a sizable tenant base that supports absorption and renewals even as households trend smaller. While recent population change has been modest, forecasts show growth in both population and households over the next five years, which points to a larger tenant base and supports occupancy stability for well-positioned buildings.
Ownership remains a high-cost proposition locally, with home values sitting at the top end nationally. That context typically sustains reliance on rental housing and can support pricing power when paired with high household incomes and a mid-teens rent-to-income ratio, based on CRE market data from WDSuite. Investors should note that neighborhood occupancy metrics have softened versus broader benchmarks, making asset quality, unit mix, and operational execution critical to outperform.
At the metro scale, this neighborhood ranks in the top quartile among 1,441 Los Angeles neighborhoods on overall score, reflecting competitive fundamentals relative to the region. Amenity access skews strongest toward parks and dining, while daily-needs retail can be more diffuse; as such, property-level walkability features and on-site conveniences may further enhance leasing and retention.
Safety indicators for the neighborhood track below national percentiles, and the area ranks in the lower tier among the 1,441 Los Angeles metro neighborhoods. Recent year trends point to an uptick in reported offenses, so underwriting should incorporate prudent security measures and tenant communication practices.
From an investor perspective, comparative performance—not block-level claims—matters most: position the asset with lighting, access controls, and resident engagement to mitigate risk and support leasing, especially when marketing to renters prioritizing convenience and schools.
The nearby employment base blends healthcare, entertainment, energy, engineering, and technology, supporting renter demand through short commutes and diverse professional job clusters. Notable employers include Abbott Laboratories, Activision Blizzard, Occidental Petroleum, AECOM, and Microsoft.
- Abbott Laboratories — healthcare & life sciences (1.97 miles) — HQ
- Activision Blizzard — video game & media (3.06 miles) — HQ
- Occidental Petroleum — energy (4.30 miles) — HQ
- AECOM — engineering & infrastructure (5.62 miles) — HQ
- Microsoft Offices The Reserves — technology offices (5.66 miles)
307 Montana Ave is a 1972, approximately 30-unit multifamily asset positioned in a high-cost coastal market where elevated ownership costs, strong schools, and parks access support durable rental demand. According to CRE market data from WDSuite, local home values sit at the top end nationally and median household incomes are high, conditions that typically reinforce renter reliance on apartments and can aid retention when operations are well managed.
Demographic statistics aggregated within a 3-mile radius point to a renter-occupied majority, with forecasts indicating growth in population and households over the next five years—expanding the tenant base and supporting occupancy for competitive assets. Given the 1972 vintage, a targeted modernization and unit refresh program can unlock value-add potential and strengthen positioning against newer stock, while acknowledging neighborhood occupancy softness and safety considerations in underwriting and asset management plans.
- High-cost ownership market and strong schools bolster rental demand and lease retention
- Renter-majority 3-mile radius with forecast growth supports absorption and occupancy
- 1972 vintage offers value-add potential through targeted renovations and modernization
- Proximity to diversified employers (healthcare, media, energy, engineering, tech) supports steady leasing
- Risks: below-average safety metrics and neighborhood occupancy softness require conservative underwriting and active management