| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 84th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 920 Venice Blvd, Venice, CA, 90291, US |
| Region / Metro | Venice |
| Year of Construction | 1977 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
920 Venice Blvd Venice Multifamily Investment
Positioned in Venice’s Urban Core, the asset benefits from a high-cost ownership market and an educated renter base that supports stable demand, according to WDSuite’s CRE market data. Neighborhood fundamentals suggest durable leasing potential relative to coastal Los Angeles peers, with pricing power tied to location quality rather than concessions.
Venice offers strong livability drivers for renters: grocery access is robust (neighborhood sits in the higher national percentiles for grocery and restaurant density), parks are accessible, and schools trend above average for the area. Childcare access also scores well, while cafe and pharmacy density is thinner in the immediate blocks, which investors should factor into resident amenity expectations.
The neighborhood’s renter concentration is substantial: roughly over half of housing units are renter-occupied, indicating a deep tenant base for multifamily. Neighborhood occupancy is measured for the area rather than the property and has moderated in recent years, so effective leasing and renewals may matter more than in tighter Westside pockets.
Within a 3-mile radius, household counts have inched higher despite a slight population dip historically, and projections point to an increase in households alongside smaller average household sizes. For investors, that typically translates to a larger tenant base and support for occupancy stability, even as demographics shift toward smaller households. Median household incomes in the radius are elevated by national standards, which helps sustain Class B/C rent levels without overreliance on aggressive concessions.
Home values in the neighborhood rank among the highest nationally, signaling a high-cost ownership market that reinforces reliance on multifamily rentals and can aid lease retention. Median asking rents in the area are also elevated compared with national benchmarks, but rent-to-income levels locally are not at the top of coastal pressure points, which can support collections and limit turnover risk.
Vintage context: built in 1977, the property is newer than much of the local housing stock. That positioning can be competitive versus older assets, though investors should plan for aging systems and targeted modernization to sustain rent premiums.
Safety indicators for the neighborhood compare favorably at the national level, with overall crime metrics trending in the higher national percentiles for safety. For context, national percentile comparisons indicate stronger safety positioning relative to many U.S. neighborhoods, while local conditions should still be evaluated block-by-block during diligence.
Recent year-over-year trends show notable declines in both property and violent offense rates, according to WDSuite. These improvements are encouraging for long-term leasing stability, but investors should continue to monitor citywide volatility and seasonal patterns typical of dense urban submarkets within the Los Angeles-Long Beach-Glendale, CA metro (1,441 neighborhoods).
Nearby employers provide a diversified white-collar and tech-oriented employment base that supports renter demand and commute convenience. Key nodes include Abbott Laboratories (healthcare products), Activision Blizzard (interactive entertainment), Microsoft offices, Symantec (cybersecurity), and Southwest Airlines services at LAX.
- Abbott Laboratories — healthcare products (1.9 miles) — HQ
- Activision Blizzard — interactive entertainment (1.9 miles) — HQ
- Microsoft Offices The Reserves — software offices (2.0 miles)
- Symantec — cybersecurity (3.8 miles)
- Southwest Airlines Counter — airline services (4.4 miles)
920 Venice Blvd is a 32-unit community with larger-than-typical average unit sizes for the Westside cohort, positioned in a high-income, high-cost ownership neighborhood that supports durable renter demand. Built in 1977, the asset is relatively newer than much of the immediate stock, offering competitive positioning with clear value-add pathways through systems upgrades and selective interior modernization. According to CRE market data from WDSuite, the neighborhood’s renter concentration is substantial and local home values are among the highest nationally—factors that generally support retention and pricing power when operations are well managed.
Within a 3-mile radius, projections indicate growth in households alongside smaller household sizes, pointing to a larger tenant base and steady absorption potential over the medium term. While neighborhood occupancy has softened versus prior years, lease management and targeted renovations can position the property to capture demand from professionals drawn to Venice’s amenity set and regional employment nodes.
- High-cost ownership market and elevated incomes support strong multifamily demand and lease retention
- 1977 vintage offers competitive stance versus older stock with clear modernization upside
- 3-mile forecasts show more households and smaller sizes, expanding the tenant base
- Proximity to major employers underpins renter appeal and reduces commute friction
- Risk: softer neighborhood occupancy and variable urban safety trends require disciplined leasing and active asset management