| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 91st | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3960 Carpenter Ave, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1986 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3960 Carpenter Ave Studio City Multifamily Investment
Positioned in an amenity-rich inner suburb with durable renter demand, the neighborhood’s occupancy trends and high-value ownership market support steady leasing, according to CRE market data from WDSuite.
Studio City’s neighborhood profile scores strongly for investors seeking liquidity and leasing depth. Amenity access is a clear strength: cafes and restaurants rank competitive among 1,441 Los Angeles metro neighborhoods and sit in the top quartile nationally, reinforcing daily convenience that supports resident retention and absorption.
Grocery and pharmacy density is solid for an inner suburb, with pharmacies competitive among Los Angeles peer areas. However, immediate park acreage is limited, so on-site amenities or partnerships with nearby fitness/wellness options may be useful to sustain leasing velocity.
Renter-occupied housing share within a 3-mile radius is roughly two-thirds, indicating a deep tenant base for multifamily operators. Neighborhood occupancy is in the 90% range, which, alongside steady amenity access, suggests stable day-to-day operations rather than outsized lease-up risk (based on CRE market data from WDSuite).
Home values in the neighborhood are elevated relative to national benchmarks, which typically sustains rental demand and supports pricing power and lease retention for well-managed assets. Demographic statistics aggregated within a 3-mile radius point to increasing households through the forecast period, implying a larger renter pool and ongoing demand tailwinds for professionally managed multifamily.
Safety indicators benchmark favorably in a national context, with the area sitting in the top quartile nationally for lower reported crime, according to WDSuite’s CRE market data. Recent year-over-year declines in both property and violent offense rates further support a stable operating backdrop for resident retention and day-to-day operations.
As with all Los Angeles neighborhoods, conditions can vary block-to-block; investors should underwrite security and lighting standards to property needs and maintain routine monitoring of local trend data rather than relying on single-year snapshots.
The employment base nearby skews toward entertainment, media, and telecom—sectors that help anchor local renter demand and shorten commutes for a large professional workforce. The following employers are within a short drive and are most relevant to daytime population and leasing stability.
- Radio Disney — entertainment/media offices (2.9 miles)
- Live Nation Entertainment — entertainment/media offices (3.9 miles)
- Disney — entertainment/media (3.9 miles) — HQ
- Live Nation Entertainment — entertainment/media (4.7 miles) — HQ
- Charter Communications — telecom offices (4.8 miles)
This 26-unit asset sits in an inner-suburban pocket with strong amenity density, elevated ownership costs, and a sizable renter pool within a 3-mile radius—factors that typically support occupancy stability and pricing power for well-located multifamily. Neighborhood occupancy trends are in the 90% range, and food-and-beverage density ranks competitive among 1,441 Los Angeles neighborhoods, which aids retention and leasing. According to WDSuite’s commercial real estate analysis, the area’s standing in top national percentiles for demographics and amenities further validates the depth of demand.
Forward-looking demographics aggregated within 3 miles indicate population growth and a notable increase in households by 2028, implying a larger tenant base and continued demand for quality multifamily product. Key underwriting considerations include limited immediate park space and sensitivity to entertainment-oriented employment cycles—both manageable with prudent capital planning and asset positioning.
- Amenity-rich location with top-quartile national rankings for cafes/restaurants supports leasing and retention.
- Elevated ownership costs in the neighborhood reinforce reliance on rental housing and bolster pricing power.
- 3-mile demographics show population and household growth through 2028, expanding the renter pool.
- Neighborhood occupancy in the 90% range points to operational stability for a professionally managed asset.
- Risks: limited nearby park space and exposure to entertainment-sector cycles; mitigate via amenities, marketing, and lease management.