| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 94th | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 811 6th St, Santa Monica, CA, 90403, US |
| Region / Metro | Santa Monica |
| Year of Construction | 1972 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
811 6th St Santa Monica Multifamily Investment Opportunity
Positioned in an A+ Urban Core pocket of Santa Monica, the neighborhood shows durable renter demand supported by strong amenities and schools, according to WDSuite’s CRE market data. High-cost homeownership in the area underpins multifamily stability while leaving room for focused operational execution.
This A+ Urban Core neighborhood ranks 5th among 1,441 Los Angeles metro neighborhoods, reflecting a top-tier location with broad appeal to renters. Amenity access is a clear strength — cafes, restaurants, parks, groceries, and pharmacies all sit in very high national percentiles — supporting lifestyle convenience and helping with leasing and retention, based on commercial real estate analysis from WDSuite.
Schools are a standout: the average school rating sits at the top of the Los Angeles metro (1st of 1,441) and in the highest national percentile. For family-oriented renters, this can aid tenant retention and reduce turnover risk.
At the neighborhood level, a high share of housing units are renter-occupied (renter concentration well above most U.S. neighborhoods), indicating a deep tenant base for multifamily product. While neighborhood occupancy is below national norms, the combination of amenity depth and education quality supports leasing velocity when pricing and renewal strategies are managed carefully.
Within a 3-mile radius, demographics point to a high-income renter pool today with projections indicating growth in households over the next five years. This suggests a larger tenant base and supports long-run demand for professionally managed apartments, even as smaller average household size may continue to shape unit mix preferences and renewal strategies.
Relative to the Los Angeles metro, this neighborhood performs better than many peers on safety metrics (ranked toward the safer end among 1,441 neighborhoods). Nationally, however, crime measures sit below average percentiles, indicating investors should underwrite for prudent on-site security and property management practices. Monitoring recent trends remains important, as conditions can vary by micro-area and over time.
The area benefits from a diverse employment base that supports renter demand and commute convenience, including healthcare, gaming, energy, engineering, and technology offices noted below.
- Abbott Laboratories — healthcare & medical devices (1.96 miles) — HQ
- Activision Blizzard — video games (2.88 miles) — HQ
- Occidental Petroleum — energy (4.07 miles) — HQ
- AECOM — engineering & infrastructure (5.39 miles) — HQ
- Microsoft Offices The Reserves — technology offices (5.57 miles)
This 23‑unit asset is situated in one of the Los Angeles metro’s highest-performing renter locations, where top-tier amenities and school quality reinforce demand. High household incomes and a high-cost ownership market sustain reliance on multifamily housing, supporting pricing power and renewal outcomes when paired with disciplined operations and unit positioning. Proximity to major employers further broadens the tenant base.
According to CRE market data from WDSuite, the neighborhood shows strong renter concentration but occupancy levels below national norms, suggesting value can be created through thoughtful leasing strategies, targeted unit improvements, and customer service that supports retention. Investors should also account for security best practices consistent with urban core assets while leveraging the location’s amenity and employment fundamentals.
- A+ Urban Core location with top-of-metro schools and deep amenities that support leasing and retention
- High-income, renter-oriented area and high-cost ownership market reinforce multifamily demand
- Employer proximity across healthcare, gaming, energy, engineering, and technology broadens the tenant base
- Risks: neighborhood occupancy below national norms and urban safety considerations require active management