| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 87th | Best |
| Amenities | 68th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4204 Coldwater Canyon Ave, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1979 |
| Units | 39 |
| Transaction Date | 2006-12-04 |
| Transaction Price | $7,200,000 |
| Buyer | XENON INVESTMENT CORP |
| Seller | 4250 COLDWATER CANYON LLC |
4204 Coldwater Canyon Ave Studio City Multifamily Investment
Situated in a high-cost ownership pocket of Studio City, this asset benefits from durable renter demand and an affluent tenant base, according to WDSuite’s CRE market data. Neighborhood occupancy has trended steady, and elevated for-sale pricing supports lease retention and pricing power for well-positioned units.
Studio City offers strong livability drivers for renters, with cafés, restaurants, parks, and daily-needs retail in convenient reach. The neighborhood’s amenity access is competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods (ranked 414 of 1,441), and parks density sits in the top quartile nationally, reinforcing quality-of-life appeal that helps support leasing velocity.
Multifamily fundamentals are supported by stable neighborhood occupancy alongside modest improvement in recent years, while asking rents benchmark in the metro’s upper tier per WDSuite. Homeownership costs are among the highest nationally, which tends to reinforce reliance on multifamily housing and supports pricing power for well-maintained properties.
Vintage matters: built in 1979, the property is newer than the neighborhood’s average building stock (1950s era). Investors should plan for selective modernization and systems updates, but the vintage also positions the asset as relatively competitive versus older inventory, with potential value-add through common-area refreshes and in-unit upgrades.
Tenure and demographics signal demand depth. Within a 3-mile radius, a majority of housing units are renter-occupied, supporting a broad tenant base. Forecasts point to an increase in households and higher incomes in the nearby radius, expanding the renter pool and supporting occupancy stability and renewal momentum over the medium term. Median rent-to-income dynamics in the neighborhood indicate manageable affordability pressure for many renters, aiding retention and lease management.
Safety indicators compare favorably to many neighborhoods nationwide, with overall crime and violent incident measures in the top quartile nationally, based on CRE market data from WDSuite. At the metro scale (1,441 neighborhoods), the area’s safety profile is competitive, and recent year-over-year declines in both property and violent offense rates point to improving conditions. As always, investors should evaluate block-level patterns and property-specific security considerations during diligence.
Proximity to major entertainment and corporate offices underpins renter demand through commute convenience and diversified professional employment, including Radio Disney, Live Nation Entertainment, Disney, Charter Communications, and AECOM.
- Radio Disney — media & entertainment offices (4.2 miles)
- Live Nation Entertainment — entertainment (5.0 miles) — HQ
- Disney — media & entertainment (5.1 miles) — HQ
- Charter Communications — telecommunications (5.4 miles)
- AECOM — engineering & infrastructure (6.0 miles) — HQ
This 39-unit, 1979-vintage asset aligns with resilient renter demand in Studio City, where high-cost home values encourage continued reliance on multifamily housing. Neighborhood occupancy has held steady with incremental improvement, and amenity access is competitive among Los Angeles submarkets, helping sustain leasing and renewals. According to CRE market data from WDSuite, neighborhood rent positioning trends toward the metro’s upper tier, supporting a value-add strategy focused on interior upgrades and operational execution rather than heavy repositioning.
Within a 3-mile radius, the majority renter-occupied housing mix and projected increase in nearby households point to a larger tenant base over time. Proximity to notable employers in entertainment and corporate services supports weekday demand and lease retention, while the property’s later vintage versus much of the surrounding stock offers an edge once selectively modernized. Key watch items include maintaining affordability balance as rents rise and monitoring sector-specific employment cycles tied to media and entertainment.
- High-cost ownership market supports durable multifamily demand and pricing power
- 1979 vintage allows targeted value-add through unit and common-area upgrades
- Competitive neighborhood amenities and commute access aid lease-up and renewals
- Growing nearby household counts (3-mile radius) expand the tenant base over time
- Risks: monitor rent-to-income balance and entertainment-industry cyclicality