| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 84th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1206 E Venice Blvd, Venice, CA, 90291, US |
| Region / Metro | Venice |
| Year of Construction | 1988 |
| Units | 32 |
| Transaction Date | 2013-09-30 |
| Transaction Price | $1,615,016 |
| Buyer | MAISTRALI LLC |
| Seller | PANARETOS ANASTASIA |
1206 E Venice Blvd Venice CA Multifamily Investment
In a high-cost ownership pocket of Venice, renter demand is supported by a deep, affluent tenant base and forecast household growth, according to CRE market data from WDSuite. Neighborhood occupancy has eased, but elevated incomes and strong proximity amenities point to durable leasing fundamentals.
Located in Venice’s Urban Core, the property benefits from neighborhood dynamics that favor multifamily demand. Grocery access sits in a strong national percentile while parks and childcare density are also competitive, supporting day‑to‑day livability for renters; by contrast, cafes and pharmacies are thinner nearby, which can modestly affect convenience. Average school ratings track above many U.S. neighborhoods, offering a balanced amenity set without the premium perceived in the very top school districts.
The neighborhood’s renter-occupied share is about 56% of housing units, indicating a sizable tenant base and consistent leasing activity for professionally managed assets. Home values rank among the highest nationally, making ownership a high-cost proposition and reinforcing reliance on rental housing, which can support pricing power and lease retention.
Within a 3‑mile radius, households increased over the last five years and are projected to expand further, with smaller average household sizes pointing to continued depth for 1–2 bedroom formats. Median household incomes are elevated and rising in the near-term outlook, which supports rent collections and reduces affordability pressure relative to many coastal peers. Neighborhood occupancy sits below metro leaders and has softened versus five years ago; investors should underwrite to competitive positioning and asset quality to capture demand.
Vintage matters: built in 1988 versus an area average vintage around 1970, the asset is newer than much of the local stock. That positioning can enhance competitiveness against older buildings, though mechanical systems and common areas may still warrant targeted modernization to meet current renter expectations.
Safety indicators compare favorably versus many neighborhoods nationwide, with the area landing in a higher national percentile. Recent CRE market data from WDSuite also show year‑over‑year improvements in both property and violent offense estimates, suggesting a constructive trend rather than a one‑off fluctuation. As always, conditions vary by block and over time, so investors should pair these readings with on‑the‑ground diligence.
Nearby employers span gaming, software, healthcare, cybersecurity, and airlines, supporting a diversified, well‑compensated renter base and commute convenience for workforce and professional tenants.
- Activision Blizzard — gaming (1.7 miles) — HQ
- Microsoft Offices The Reserves — software (1.9 miles)
- Abbott Laboratories — healthcare (2.0 miles) — HQ
- Symantec — cybersecurity (3.6 miles)
- Southwest Airlines Counter — airlines (4.3 miles)
1206 E Venice Blvd is positioned in a high-income, renter‑oriented pocket of Venice where ownership costs are elevated and the 3‑mile household base is projected to expand, supporting a larger tenant pool and lease‑up resilience. Built in 1988, the property is newer than much of the surrounding stock, offering competitive positioning versus older walk‑ups while leaving room for selective upgrades to common areas and systems to meet modern standards. Based on CRE market data from WDSuite, neighborhood occupancy trends warrant disciplined underwriting, yet rising incomes and diversified nearby employment help underpin demand.
Home values sit near the top of national ranges, which sustains reliance on multifamily housing and can support pricing power when paired with prudent affordability management. Amenity access is strong for groceries, parks, and childcare, adding to livability, though thinner cafe and pharmacy presence suggests some convenience trade‑offs for residents.
- High-cost ownership market reinforces rental demand and supports retention
- 3‑mile household growth and smaller household sizes expand the renter pool
- 1988 vintage offers competitive edge versus older stock with value‑add potential
- Diversified nearby employers support incomes and leasing stability
- Risk: neighborhood occupancy has softened; success likely depends on quality, finishes, and rent positioning