| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 90th | Best |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1107 Venice Blvd, Venice, CA, 90291, US |
| Region / Metro | Venice |
| Year of Construction | 2009 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1107 Venice Blvd, Venice CA Multifamily Investment
Newer 2009 construction in a high-cost coastal neighborhood supports renter demand and retention, according to WDSuite s CRE market data. Investors can underwrite to a deep tenant base drawn by nearby employers and elevated ownership costs that favor multifamily leasing.
Located in Venice within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates highly for overall livability (A) and is competitive among Los Angeles neighborhoods (rank 199 out of 1,441). The area skews Urban Core with strong day-to-day convenience: grocery access sits in the top quartile nationally and pharmacies are similarly strong, while childcare density is among the best nationwide. Recorded park and cafe counts are limited in the dataset, so amenity strength is driven more by essential retail and services than green space or coffee density.
Home values are among the highest nationally, and neighborhood rents rank near the top of U.S. benchmarks. In investor terms, this is a high-cost ownership market that tends to reinforce reliance on multifamily housing and supports pricing power when leasing. Neighborhood occupancy runs below national averages, so operators should plan for active leasing management and product differentiation to capture demand.
Tenure patterns indicate a balanced renter base in the neighborhood (about half of housing units are renter-occupied), which broadens the prospect pool for multifamily. Within a 3-mile radius, renters account for roughly two-thirds of occupied housing, reinforcing depth of demand for professionally managed apartments.
Demographics within a 3-mile radius show stable-to-rising fundamentals for multifamily: households have increased in recent years and are projected to grow further through 2028, alongside smaller average household sizes. That combination typically expands the renter pool and supports occupancy stability. Income levels are elevated for the metro, and rent-to-income indicators suggest room for measured rent growth while maintaining retention, based on CRE market data from WDSuite.
Vintage is a differentiator here: the property s 2009 delivery stands out against much older neighborhood stock (average vintage mid-20th century), positioning it competitively versus legacy buildings while still allowing for selective modernization to drive rent premiums.
Safety metrics compare favorably at a national level, landing in the top quartile of neighborhoods nationwide. Recent WDSuite indicators show notable year-over-year declines in both property and violent offense rates, pointing to an improving trend rather than a one-off shift.
Within the Los Angeles metro context (1,441 neighborhoods), results are competitive rather than outlier-low, which supports renter appeal without requiring a discount strategy. As always, investors should evaluate property-level measures (lighting, access control, visibility) to align with resident expectations and sustain leasing performance.
The immediate employment base blends tech, entertainment, and corporate services that support weekday population and renter demand. Nearby anchors include Activision Blizzard, Abbott Laboratories, Microsoft offices, Symantec, and Southwest Airlines operations.
- Activision Blizzard gaming (1.7 miles) HQ
- Abbott Laboratories healthcare (2.0 miles) HQ
- Microsoft Offices The Reserves technology offices (2.0 miles)
- Symantec cybersecurity (3.6 miles)
- Southwest Airlines Counter airline operations (4.4 miles)
1107 Venice Blvd offers a 2009-vintage, 38-unit asset in a high-cost ownership pocket of coastal Los Angeles where elevated home values and top-tier incomes sustain multifamily renter demand. The newer vintage provides a competitive edge over older neighborhood stock, with potential to capture premiums via targeted upgrades and professional management. According to CRE market data from WDSuite, the surrounding neighborhood posts strong essential retail access and a renter base deepened by a large share of renter-occupied housing within a 3-mile radius.
Forward-looking demographics indicate growth in households and a modestly shrinking average household size within 3 miles, which typically expands the renter pool and supports occupancy durability. While neighborhood occupancy trends run softer than national norms, proximity to major employers in tech, entertainment, and corporate services underpins leasing velocity, with pricing power informed by careful affordability and retention management.
- 2009 construction competes well versus older stock, with selective modernization upside
- High-cost ownership market supports multifamily demand depth and resident retention
- Strong nearby employer base (tech, entertainment, corporate services) supports leasing
- Household growth and smaller household sizes within 3 miles expand renter pool
- Risk: neighborhood occupancy below national averages requires active leasing and product positioning