| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 78th | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 501 Pacific St, Santa Monica, CA, 90405, US |
| Region / Metro | Santa Monica |
| Year of Construction | 1990 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
501 Pacific St, Santa Monica Multifamily Investment
Renter concentration and a high-cost ownership market support durable demand in this Urban Core pocket of Santa Monica, according to WDSuite s CRE market data. Newer 1990 vintage relative to local stock positions the asset competitively against older buildings while allowing targeted value-add where systems are aging.
The property sits in an Urban Core neighborhood in Santa Monica with strong lifestyle fundamentals for renters dense dining, cafes, parks, and daily conveniences. Dining and cafe density ranks among the strongest nationwide, and park access is at the upper end of national comparisons. Pharmacies are less concentrated in the immediate area, so residents may rely on nearby districts for certain errands.
Against the Los Angeles-Long Beach-Glendale metro, the neighborhood overall ranks 96th among 1,441 neighborhoods, reflecting competitive livability and renter appeal. For investors, this translates to steady leasing interest supported by abundant amenities and walkable recreation.
Multifamily demand drivers are reinforced by a high share of renter-occupied housing at the neighborhood level and a high-cost ownership market (home values trend in the top tier nationally). That combination typically sustains a deep tenant base and supports pricing power, though rent-to-income levels suggest active lease management to mitigate affordability pressure. Neighborhood occupancy trends are around the national middle, pointing to stable but competitive leasing dynamics.
Property vintage is 1990 versus a neighborhood average year built in the 1960s. Newer construction than much of the local stock can enhance competitive positioning on layout and systems; investors should still underwrite modernization and common-area updates typical for late-20th-century assets. Within a 3-mile radius, demographics indicate high incomes and a sizable professional renter pool, and forward-looking population and household growth point to renter pool expansion all supportive of long-run absorption and retention, based on multifamily property research from WDSuite.
Schools in the broader area score below national averages on simple rating metrics, which may matter for family-oriented units; however, the submarket s appeal is anchored more in amenities, employment access, and coastal lifestyle, key factors for young professionals and downsizing households.
Relative to other neighborhoods nationwide, safety indicators for this area trend below average, and the neighborhood s crime rank is among the weaker portions of the Los Angeles metro (measured against 1,441 neighborhoods). Recent year-over-year readings point to higher property and violent offense levels versus national peers, so underwriting should assume elevated security, insurance, and preventative maintenance line items.
For context, this framing is comparative rather than block-specific. Many Urban Core locations balance strong amenities and employment access with heavier foot traffic and reported incidents. Investors commonly address this through enhanced access control, lighting, and property management presence and by aligning resident screening and operating practices to market norms.
The immediate employment base includes technology, entertainment, engineering, energy, and healthcare anchors, supporting commute convenience and leasing depth for professional renters in this submarket.
- Abbott Laboratories healthcare & medical products (0.5 miles) HQ
- Activision Blizzard gaming & entertainment (2.0 miles) HQ
- Microsoft Offices The Reserves technology offices (4.0 miles)
- Occidental Petroleum energy corporate offices (4.2 miles) HQ
- AECOM engineering & infrastructure (5.2 miles) HQ
501 Pacific St is a 28-unit asset built in 1990, newer than much of the surrounding inventory, which can provide a competitive edge versus older buildings while still offering scope for targeted renovations. The neighborhood pairs top-tier amenities and a deep professional renter base with a high-cost ownership market, reinforcing reliance on multifamily housing and supporting occupancy stability. According to CRE market data from WDSuite, neighborhood operating income benchmarks are strong relative to national peers, while occupancy trends sit near the national middle a profile consistent with healthy but competitive leasing conditions.
Within a 3-mile radius, projections indicate population and household growth alongside rising incomes, which supports renter pool expansion and long-term demand for well-located, professionally managed apartments. Underwriting should account for affordability pressure in a premium coastal market and for safety-related operating practices common to urban locations.
- 1990 vintage offers competitive positioning vs. older local stock with clear value-add pathways
- Amenity-rich, walkable Urban Core location sustains leasing velocity and retention
- High-cost ownership market supports durable renter demand and pricing power
- 3-mile forecasts show growth in households and incomes, supporting long-run absorption
- Risks: affordability pressure and below-average safety metrics require prudent operations