| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 25th | Poor |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1420 Venice Blvd, Los Angeles, CA, 90006, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1989 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1420 Venice Blvd Los Angeles 31-Unit Multifamily
Urban-core location with a deep renter base and mid-90s neighborhood occupancy support stable tenancy, according to WDSuite’s CRE market data. Elevated ownership costs in Los Angeles strengthen long-term renter reliance near transit and employment centers.
Located in Los Angeles’s Urban Core, 1420 Venice Blvd sits amid dense amenities and established rental demand. Neighborhood data indicate the share of housing units that are renter-occupied is among the highest nationally (top percentile), which supports a larger tenant base and steadier leasing for multifamily assets. Mid-90s occupancy at the neighborhood level further reinforces near-term stability, based on CRE market data from WDSuite.
Daily needs are exceptionally convenient: grocery and restaurant densities rank at the top nationwide, while cafés are also abundant. By contrast, neighborhood park space and formal childcare options are limited, an operational consideration for targeting renter profiles and amenities. Average school ratings trend below national norms, which may matter more for family-oriented product than for workforce or young-professional demand.
The property’s 1989 vintage is newer than the neighborhood’s older building stock (average construction year 1934). That relative youth can enhance competitive positioning versus prewar inventory, while still leaving room for targeted system updates or interior upgrades to drive rent premiums and manage long-term capital plans.
Within a 3-mile radius, demographics show households increased over the last five years even as population edged down, implying smaller household sizes and a broader count of household formations. Forecasts call for further growth in household counts through 2028, which typically expands the renter pool and supports occupancy stability and leasing velocity. Elevated home values locally—well above national norms—signal a high-cost ownership market that tends to reinforce rental demand and lease retention.
Safety metrics are competitive among Los Angeles neighborhoods (ranked 399 out of 1,441 in the metro), and the area sits around the 75th percentile for safety nationally. Recent WDSuite indicators show notable year-over-year improvement in both property and violent offense rates at the neighborhood level. While urban-core dynamics warrant standard risk management, the comparative position and trend direction are constructive for multifamily operations.
Proximity to major corporate employers supports commuter convenience and broad renter demand, including professional and creative sectors. Nearby anchors include CBRE Group, Microsoft, Reliance Steel & Aluminum, Activision Blizzard Studios, and Live Nation Entertainment.
- CBRE Group — real estate services (1.87 miles) — HQ
- Microsoft — software & cloud (1.95 miles)
- Reliance Steel & Aluminum — metals & distribution (1.98 miles) — HQ
- Live Nation Entertainment — entertainment (5.21 miles)
- Activision Blizzard Studios — gaming & media (6.81 miles)
- Live Nation Entertainment — entertainment (6.86 miles) — HQ
This 31-unit, 1989-vintage asset benefits from an Urban Core location with a high renter concentration and mid-90s neighborhood occupancy, supporting steady cash flow potential and lease retention. According to CRE market data from WDSuite, amenity density is among the strongest nationally (groceries, restaurants, cafés), which underpins renter appeal and reduces frictions to daily living. Relative to older local stock, the property’s vintage positions it well competitively while leaving room for value-add through modernization.
Within a 3-mile radius, household counts have risen and are projected to grow further through 2028 even as average household size trends smaller—dynamics that typically enlarge the renter pool and support occupancy stability. Elevated home values versus incomes indicate a high-cost ownership market, which can sustain multifamily demand and pricing power, though investors should monitor affordability pressure and product-market fit.
- Urban-core location with top-tier amenity access supports leasing and retention
- High renter-occupied share and mid-90s neighborhood occupancy underpin demand stability
- 1989 vintage offers competitive positioning versus older stock with value-add upgrade potential
- 3-mile household growth and smaller household sizes expand the renter pool over time
- Risks: below-average school ratings, limited parks/childcare, and affordability pressure requiring careful rent management