| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 16th | Poor |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 N Venice Blvd, Venice, CA, 90291, US |
| Region / Metro | Venice |
| Year of Construction | 1980 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 N Venice Blvd, Venice CA Multifamily Investment
Neighborhood fundamentals point to above-median occupancy and a deep renter base that can support stable leasing, according to WDSuite’s CRE market data.
The property sits in an Urban Core location within the Los Angeles-Long Beach-Glendale metro where neighborhood occupancy is above the metro median and in the 74th percentile nationally, indicating resilient renter demand rather than pronounced vacancy risk (neighborhood rank 671 of 1,441). Renter-occupied housing accounts for a high share of units in this neighborhood (60% renter concentration), which is competitive among Los Angeles neighborhoods (rank 363 of 1,441) and in the 94th percentile nationally — a sign of depth in the tenant pool for multifamily owners.
Access to daily-needs retail is a relative strength: grocery and pharmacy density score in the 91st and 81st national percentiles, respectively, and the amenity composite ranks above the metro median (697 of 1,441). Parks and cafes are sparse by count (both ranked 1,441 of 1,441), so on-site offerings and nearby private amenities may matter more for retention and leasing.
School performance averages below national norms (15th percentile), which can modestly limit appeal to some family renters; however, median home values sit in the 84th national percentile and the value-to-income ratio is in the 96th percentile, reflecting a high-cost ownership market that tends to sustain reliance on multifamily rentals and support pricing power over time.
Within a 3-mile radius, recent population was broadly stable over the last five years while households increased, and WDSuite data indicate households are projected to keep rising even as total population is expected to contract — a pattern consistent with smaller household sizes and potential demand for smaller units. Median contract rents in the area have advanced over the past cycle, while a rent-to-income ratio around 31% suggests some affordability pressure that owners should manage through renewal strategy and unit mix.
Safety trends are competitive within the metro and generally better than national midpoints. The neighborhood’s composite crime rank sits at 513 out of 1,441 Los Angeles neighborhoods — competitive among Los Angeles-Long Beach-Glendale submarkets — and aligns with a 69th national percentile reading, indicating comparatively safer conditions than many neighborhoods nationwide.
Reported violent and property offense rates are around the national middle to slightly below, but year-over-year estimates show notable improvement (improving into the top decile nationally for one-year trend momentum). Investors should view safety as a relative strength within the local context, while continuing to monitor block-level conditions as part of standard underwriting.
Proximity to a diversified employment base supports renter demand and commute convenience, including roles in corporate services, technology, industrials, and consumer products from Airgas, CBRE Group, Reliance Steel & Aluminum, Microsoft, and Mattel.
- Airgas — industrial gases & services (7.0 miles)
- CBRE Group — commercial real estate services (7.3 miles) — HQ
- Reliance Steel & Aluminum — metals & distribution (7.3 miles) — HQ
- Microsoft — technology offices (7.4 miles)
- Mattel — consumer products (7.6 miles) — HQ
Built in 1980, the asset is newer than the area’s average vintage (1962), offering a relative edge versus older stock while leaving room for targeted modernization of systems and finishes. Neighborhood indicators point to durable renter demand: occupancy sits above the metro median with a renter-occupied share that ranks competitively within Los Angeles and high nationally, reinforcing a broad tenant base. Elevated ownership costs in the area further support reliance on multifamily housing and can underpin pricing power through cycles, according to CRE market data from WDSuite.
Investor considerations include below-average public school ratings and uneven amenity breadth (notably limited parks and cafes), as well as lease management around a roughly 31% rent-to-income ratio. However, strong grocery/pharmacy access, a diversified nearby employment base, and household growth within a 3-mile radius — even as population trends flatten — support occupancy stability and steady renewal potential.
- Newer 1980 vintage than neighborhood norm, with value-add modernization potential
- Above-median neighborhood occupancy and high renter concentration support leasing stability
- High-cost ownership market sustains renter reliance and pricing power
- Strong access to daily-needs retail and proximity to major employers
- Risks: lower school ratings, sparse parks/cafes, and affordability pressure requiring careful renewal strategy