| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 37th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7500 Mason Ave, Winnetka, CA, 91306, US |
| Region / Metro | Winnetka |
| Year of Construction | 1984 |
| Units | 44 |
| Transaction Date | 2019-03-14 |
| Transaction Price | $12,550,000 |
| Buyer | Daniel Dunkelman |
| Seller | Steve Waterman |
7500 Mason Ave, Winnetka CA Multifamily Investment
1984-vintage, 44-unit asset in a renter-heavy Los Angeles submarket with stable neighborhood occupancy, according to CRE market data from WDSuite. Positioning benefits from strong local amenity density and deep renter demand drivers that support leasing durability.
Winnetka’s neighborhood fundamentals point to steady rental demand. Neighborhood occupancy is competitive among Los Angeles-Long Beach-Glendale neighborhoods (rank 456 of 1,441) and sits in the top quartile nationally, per WDSuite. The share of housing units that are renter-occupied in the neighborhood is 56.9%, indicating a sizable tenant base that can support leasing stability at comparable multifamily properties; this figure reflects neighborhood tenure, not the property.
Daily-needs access is a local strength. Grocery, restaurant, cafe, and pharmacy density all track in high national percentiles (mid-90s) and the amenity profile ranks above metro median (rank 218 of 1,441). This concentration of services supports renter convenience and retention, though limited park access (parks rank 1,441 of 1,441) may be a consideration for outdoor-oriented residents.
Within a 3-mile radius, demographics show a large resident base with modest recent population growth and a growing household count over the past five years, expanding the pool of potential renters. Forward-looking projections indicate households are expected to continue increasing while average household size trends lower, which can translate into more lease demand even if population growth moderates.
Housing costs signal durable rental demand. Neighborhood home values are elevated relative to many U.S. areas, and median contract rents are also high, reinforcing reliance on multifamily. The neighborhood’s rent-to-income ratio implies some affordability pressure, which investors should underwrite for in lease management and renewal strategies. The asset’s 1984 construction is newer than the neighborhood’s average vintage (1974), offering relative competitiveness versus older stock while still warranting selective system upgrades or value-add modernization to meet current renter expectations.
Safety signals are mixed but generally constructive. The neighborhood’s crime rank sits at 209 out of 1,441 metro neighborhoods, indicating higher incident levels than many Los Angeles-area peers. At the same time, national benchmarking places the area above average on safety (high national percentiles), and recent trend data points to notable year-over-year declines in both violent and property offenses, according to WDSuite.
For underwriting, this suggests risk management should reflect metro-relative exposure while recognizing improving momentum and competitive standing versus many neighborhoods nationwide.
Proximity to established employers supports a broad commuter renter base and can aid retention. Nearby anchors include insurance and life sciences offices close by, with additional corporate headquarters within a 10–15 mile commute.
- Farmers Insurance Exchange — insurance (2.0 miles) — HQ
- Thermo Fisher Scientific — life sciences (2.1 miles)
- Thermo Fisher Scientific — life sciences (2.8 miles)
- Occidental Petroleum — energy (12.8 miles) — HQ
- AECOM — engineering & infrastructure (13.8 miles) — HQ
7500 Mason Ave offers a 1984 vintage in a renter-concentrated Los Angeles neighborhood where occupancy has been resilient and amenity access is strong. Elevated ownership costs in the area help sustain multifamily demand, and the asset’s vintage is newer than the local average, suggesting competitive positioning versus older stock with potential to capture value through targeted renovations. According to CRE market data from WDSuite, the neighborhood’s occupancy performance is competitive within the metro and in the top quartile nationally, reinforcing an underwriting case for steady leasing.
Within a 3-mile radius, recent increases in households and a sizable working-age population support a broad tenant base, while projections indicate more households and smaller average household sizes ahead — dynamics that can underpin occupancy stability even if population growth slows. Key watch items include limited park access, below-average school ratings, and affordability pressure that may require careful rent and renewal strategies.
- Competitive neighborhood occupancy and deep renter concentration support leasing stability
- 1984 vintage newer than local average, with value-add/modernization potential for rent positioning
- Strong amenity density and proximity to major employers aid demand and retention
- Household growth within 3 miles and smaller household sizes expand the tenant pool
- Risks: limited park access, below-average school ratings, and affordability pressure requiring disciplined lease management