| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 84th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 930 Venice Blvd, Venice, CA, 90291, US |
| Region / Metro | Venice |
| Year of Construction | 1989 |
| Units | 22 |
| Transaction Date | 1993-07-12 |
| Transaction Price | $1,965,000 |
| Buyer | STONE ROBERT ALAN |
| Seller | CALIFORNIA FEDERAL BANK FSB |
930 Venice Blvd Venice Multifamily Investment
Positioned in a high-cost ownership pocket of Venice, this asset benefits from deep renter demand and strong incomes, according to WDSuite’s CRE market data. Neighborhood renter-occupied share is elevated and home values are among the highest nationally, supporting leasing durability and pricing power.
Venice’s Urban Core setting delivers daily-life convenience with strong grocery access (top national tier) and solid park and restaurant density, while pharmacies and cafes are thinner, requiring some cross-neighborhood trips. Average school ratings sit above national norms, adding to livability without relying on luxury positioning.
The neighborhood skews renter-occupied at 56% of housing units (top decile nationally), indicating a deep tenant base for multifamily. By contrast, neighborhood occupancy has been softer recently compared with national norms, so operators should emphasize retention and targeted leasing to sustain stability through cycles.
Construction vintage for this property is 1989, newer than the neighborhood’s typical 1970 stock. That positions the asset competitively versus older buildings, though investors should budget for modernization of late‑1980s systems and common areas to maintain appeal and support rent growth.
Within a 3‑mile radius, household counts have grown modestly despite a small population dip, and forecasts call for meaningful household expansion alongside smaller average household sizes. For investors, that points to a larger renter pool and supports occupancy stability, particularly for well-located, professionally managed assets.
Home values in the neighborhood rank among the highest nationwide, creating a high-cost ownership market that sustains reliance on rental housing. Combined with above-average household incomes and a relatively low rent-to-income burden locally, this backdrop supports tenant retention and measured pricing power rather than rapid turnover.
Relative to the Los Angeles metro, the neighborhood’s crime rank (328 out of 1,441) places it in the more favorable cohort of communities, and it sits in the upper tier nationally for safety (around the 77th percentile). Recent data also indicate notable year‑over‑year declines in both property and violent offense estimates. Investors should view this as supportive for leasing and retention, while continuing standard best practices in security and property management.
Nearby corporate offices in tech, healthcare, and transportation provide a diversified white‑collar employment base that supports renter demand and commute convenience for residents. The following employers are among the closest job anchors to the property.
- Activision Blizzard — interactive entertainment (1.85 miles) — HQ
- Abbott Laboratories — healthcare & medical devices (1.86 miles) — HQ
- Microsoft Offices The Reserves — technology offices (2.01 miles)
- Symantec — cybersecurity offices (3.77 miles)
- Southwest Airlines Counter — airline services (4.38 miles)
930 Venice Blvd offers investors a Venice address in a high-income, renter‑oriented neighborhood where ownership costs are elevated and household formation is tilting toward smaller sizes. Based on CRE market data from WDSuite, neighborhood renter concentration is high and home values rank near the top nationally, supporting durable demand for professionally managed apartments.
Built in 1989, the property is newer than much of the local stock, providing a competitive baseline with potential to unlock value through targeted system upgrades and amenity refreshes. While neighborhood occupancy trends have been softer than national averages, the combination of a growing 3‑mile household base, proximity to major employers, and a high-cost ownership market underpins a case for steady leasing with disciplined operations.
- Venice Urban Core location with strong grocery, park, and restaurant access supporting daily convenience and tenant retention
- High renter-occupied share and top-tier home values reinforce reliance on multifamily housing and pricing power
- 1989 vintage offers competitive positioning versus older stock, with value-add potential via modernization
- Proximity to major tech, healthcare, and corporate offices supports a stable white-collar tenant base
- Risk: Neighborhood occupancy has trailed national norms; focus on retention, targeted leasing, and CapEx planning