| 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 | 2020-05-08 |
| Transaction Price | $3,298,000 |
| Buyer | COELER ADELHEID |
| Seller | COELER ADELHEID |
3960 Carpenter Ave Studio City Multifamily Investment
High-cost ownership in Studio City and strong neighborhood amenities support durable renter demand, according to CRE market data from WDSuite. Investors should view this location as geared toward retention and pricing discipline rather than concession-driven lease-up.
Studio City’s neighborhood fundamentals are strong for an inner-suburb location, ranking 61 out of 1,441 Los Angeles metro neighborhoods (A rating). This places it above the metro median and competitive among Los Angeles neighborhoods, with amenity access as a clear advantage. Food and beverage density is near the top of national distributions, while pharmacies and groceries are also well represented. Limited park access is a relative gap investors should note.
Renter dynamics indicate depth of demand. Within a 3-mile radius, a majority of housing units are renter-occupied, and neighborhood tenure data shows renter concentration above the metro median. Combined with sizable area incomes, this points to a broad tenant base for professionally managed apartments and supports lease retention.
Home values in the neighborhood sit at the high end of the market, which tends to reinforce reliance on multifamily rentals and supports pricing power for well-located assets. At the same time, neighborhood occupancy trends register around the national middle, suggesting performance is driven by asset quality, operations, and unit mix rather than a market-wide supply squeeze.
Demographics within 3 miles suggest stable to improving multifamily demand: households and family counts are projected to expand while average household size trends lower. That combination can enlarge the renter pool and sustain absorption of larger floor plans in higher-income submarkets. These patterns are consistent with regional trends identified in WDSuite’s commercial real estate analysis.
Safety indicators compare favorably in context. The area is competitive among 1,441 Los Angeles metro neighborhoods and sits in the top quartile nationally for overall safety, based on WDSuite’s data. Recent year-over-year readings point to notable improvements in both property and violent offense rates at the neighborhood level. As with most urban Los Angeles locations, conditions can vary by block, so underwriting should include standard property-level security and lighting considerations.
Proximity to entertainment and corporate employers broadens the pool of professional renters and supports retention through manageable commutes. The following nearby firms reflect the area’s employment base.
- Radio Disney — corporate offices (2.9 miles)
- Disney — entertainment (3.9 miles) — HQ
- Live Nation Entertainment — entertainment (4.7 miles) — HQ
- Charter Communications — telecommunications (4.8 miles)
- Activision Blizzard Studios — gaming & media (5.2 miles)
3960 Carpenter Ave is a 26-unit multifamily asset in Studio City featuring larger average unit sizes (~1,292 sq. ft.), which can attract higher-income renters seeking space and help support retention. Neighborhood strengths include top-tier amenity access and a high-cost ownership market that sustains reliance on rentals. Based on CRE market data from WDSuite, neighborhood occupancy tracks near the national middle, so results are likely to hinge on execution: unit quality, operational discipline, and targeted marketing to the local professional tenant base.
Within a 3-mile radius, households are projected to grow and incomes trend higher, expanding the renter pool and supporting absorption of larger floor plans. High home values and robust entertainment-anchored employment nearby further reinforce long-term multifamily demand, with pricing power tied to asset condition and ongoing capital planning.
- Large average unit sizes support retention and appeal to space-seeking renters
- High-cost ownership market reinforces rental demand and pricing power
- Competitive neighborhood standing with strong amenity access and professional tenant base
- Demand supported by nearby entertainment and corporate employment nodes
- Risk: occupancy sits near the national middle; performance depends on asset quality and execution