| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 84th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2724 Abbot Kinney Blvd, Venice, CA, 90291, US |
| Region / Metro | Venice |
| Year of Construction | 1989 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2724 Abbot Kinney Blvd Venice Multifamily Investment
Positioned in a high-income, renter-heavy Venice pocket, the neighborhood shows strong demand drivers and premium home values, according to WDSuite’s CRE market data. The core takeaway for investors is durable renter depth supported by a high-cost ownership market and access to major Westside employment centers.
Livability and demand signals around 2724 Abbot Kinney Blvd are favorable for multifamily. Neighborhood grocery access tests in the top quartile nationally, and park availability is also above average, while childcare density ranks competitively among Los Angeles neighborhoods. Pharmacy concentration and cafes are thinner, a modest convenience tradeoff that typically has limited impact on lease decisions for this submarket, based on WDSuite’s CRE market data.
Home values in the neighborhood are elevated versus national benchmarks, placing the area among the highest-cost ownership markets in the country. For investors, that tends to reinforce reliance on rental housing and can support pricing power and retention. Neighborhood renter-occupied share is substantial, indicating a deep tenant base for multifamily product; this metric is measured for the neighborhood, not the property.
Demographic statistics are aggregated within a 3-mile radius and show rising household counts alongside smaller average household size over the historical period, with forecasts pointing to further household growth and continued downsizing. That combination typically expands the renter pool and supports occupancy stability and absorption for well-located assets near employment and amenities.
Construction stock in the neighborhood skews older on average (1970), and this 1989 asset is newer than much of the competitive set. For investors, that generally improves competitive positioning versus older buildings, while still warranting diligence on systems modernization and selective value-add to meet Class B/B+ renter expectations on the Westside.
Rents in the neighborhood benchmark near the top decile nationally, and the rent-to-income ratio remains comparatively manageable for the area, which can aid lease management and renewal strategies. Neighborhood occupancy has trended softer than the metro median in recent years; investors should underwrite to current neighborhood-level occupancy conditions (neighborhood metric, not the property) and emphasize retention and unit turn execution.
Safety indicators for the neighborhood compare favorably on a national basis, with overall crime measures testing above average nationally. Year-over-year estimates also indicate notable declines in both property and violent offense rates, signaling an improving local trend relative to many urban peers, according to WDSuite’s CRE market data.
As with any urban core location, investors should focus on property-level operations that support resident experience (lighting, access control, and activation of common areas) while monitoring neighborhood trends alongside broader Los Angeles dynamics.
The property sits within a dense Westside employment corridor that supports commuter convenience and multifamily renter demand, anchored by technology, entertainment, healthcare products, cybersecurity, and airline services employers listed below.
- Microsoft Offices The Reserves — technology offices (1.8 miles)
- Abbott Laboratories — healthcare products (2.0 miles) — HQ
- Activision Blizzard — video games (2.1 miles) — HQ
- Symantec — cybersecurity (3.7 miles)
- Southwest Airlines Counter — airline services (4.1 miles)
This 50-unit, 1989-vintage asset benefits from Venice’s high-income renter base, premium ownership costs, and proximity to marquee Westside employers. Being newer than the neighborhood’s average vintage enhances relative competitiveness versus older stock, while selective modernization can unlock value-add potential and help capture top-of-market rents for its class.
Neighborhood-level data point to a substantial renter concentration and strong household fundamentals within a 3-mile radius, with forecasts indicating more households and smaller sizes—conditions that typically expand the renter pool and support occupancy stability. According to commercial real estate analysis from WDSuite, neighborhood rents benchmark near the national top tier, while the local ownership market’s elevated values help sustain rental demand; underwriting should still account for softer neighborhood occupancy trends and execute on retention-focused operations.
- Newer-than-average 1989 vintage supports competitive positioning vs. older neighborhood stock
- High-cost ownership market reinforces renter reliance and pricing power potential
- Strong Westside employer proximity underpins leasing demand and retention
- 3-mile household growth and shrinking sizes expand the tenant base and support absorption
- Risk: neighborhood occupancy trends have softened; emphasize retention and turn execution in underwriting