| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 91st | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4215 Mary Ellen Ave, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1973 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4215 Mary Ellen Ave, Studio City Multifamily Investment
Well-located in Studio City’s high-cost ownership market, the asset benefits from steady neighborhood renter demand and occupancy stability, according to WDSuite’s CRE market data.
Studio City’s suburban setting combines strong incomes and high home values with access to restaurants, cafes, and parks that support renter appeal. Neighborhood rankings place amenities and housing metrics above many U.S. peers, and average NOI per unit trends competitively (top decile nationally), based on CRE market data from WDSuite. Median contract rents in the neighborhood are elevated versus national norms, while rent-to-income levels indicate manageable affordability pressure for well-qualified tenants.
Livability is anchored by dining and coffee density (both materially above national averages) and park access, though neighborhood-reported grocery and pharmacy density is limited within immediate boundaries. For investors, that typically shifts daily needs to nearby retail corridors along Ventura Boulevard and adjacent Valley submarkets without undermining leasing appeal.
Construction vintage in the immediate area skews newer than this property (average year 1982). At 1973, the asset is older, pointing to potential value-add and systems modernization to enhance competitive positioning against 1980s-and-newer stock. Such work can target interior finishes, common areas, and energy-efficiency upgrades to support rent premiums and retention.
Tenure patterns suggest depth for multifamily. Within a 3-mile radius, renter-occupied housing comprises a majority of units, supporting a larger tenant base and consistent leasing. At the neighborhood level, renter concentration ranks well versus national peers, indicating durable multifamily demand even in an ownership-leaning pocket of Los Angeles.
Demographics aggregated within a 3-mile radius show high median incomes today and a forecast increase in households alongside smaller average household sizes over the next five years. That combination typically expands the renter pool and supports occupancy stability for professionally managed multifamily assets in this part of Los Angeles.
Neighborhood safety indicators benchmark favorably. WDSuite’s data places the area in the upper quartile nationally for lower violent and property offense exposure, with year-over-year declines indicating improving conditions. Compared with many Los Angeles neighborhoods, these trends are competitive and supportive of resident retention and leasing.
As with any infill Los Angeles location, conditions can vary by block and time of day; investors typically underwrite security lighting, access control, and resident engagement to sustain the performance indicated by these neighborhood-level trends.
Proximity to major entertainment and corporate offices supports a robust renter base of media, tech, and professional services workers, reinforcing commute convenience and lease stability.
- Radio Disney — media & entertainment offices (4.5 miles)
- Live Nation Entertainment — entertainment HQ (5.1 miles) — HQ
- Disney — media & entertainment HQ (5.5 miles) — HQ
- AECOM — engineering & infrastructure HQ (6.0 miles) — HQ
- Occidental Petroleum — energy HQ (6.2 miles) — HQ
4215 Mary Ellen Ave offers a rare blend of high-income demographics, elevated neighborhood rents, and proximity to marquee employment centers in the San Fernando Valley and Hollywood studio corridor. According to WDSuite’s commercial real estate analysis, neighborhood occupancy is healthy and median contract rents sit well above national norms, while the local rent-to-income profile supports tenant durability. High home values in Studio City further reinforce renter reliance on multifamily housing, aiding lease retention.
Built in 1973, the 22-unit property is older than much of the surrounding stock (average 1982), pointing to clear value-add pathways: interior renovations, building systems upgrades, and curb-appeal improvements to compete with 1980s-and-newer assets. Within a 3-mile radius, forecasts call for an increase in households and smaller average household sizes, which typically expands the renter pool and supports occupancy stability near major entertainment and corporate employers.
- High-cost ownership market sustains multifamily demand and retention
- Neighborhood rents above national norms with healthy occupancy trends
- 1973 vintage enables value-add through interior and systems upgrades
- 3-mile outlook shows more households and smaller sizes, enlarging the renter base
- Risks: limited immediate grocery/pharmacy density and typical LA submarket variability