| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 87th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 102 E Catamaran St, Marina Del Rey, CA, 90292, US |
| Region / Metro | Marina Del Rey |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
102 E Catamaran St Marina del Rey Multifamily
High-cost home values and a deep renter base in Marina del Rey support durable apartment demand, according to WDSuite’s CRE market data. Expect stable leasing interest from professionals seeking proximity to coastal amenities and nearby employers.
Marina del Rey’s Urban Core setting offers strong day-to-day convenience for renters. Restaurant density sits in the top quartile nationally, and parks access ranks near the top nationwide, reinforcing lifestyle appeal that supports tenant retention. Neighborhood amenity strength is competitive among Los Angeles-Long Beach-Glendale neighborhoods (44th of 1,441 overall), reflecting a mix of dining, recreation, and services that renters typically value.
The local housing context favors rentals. Neighborhood renter-occupied share is elevated, indicating a sizable tenant pool, while median home values are among the highest nationally. In practice, that high-cost ownership market tends to reinforce reliance on multifamily housing and can support pricing power when lease management is disciplined.
Within a 3-mile radius, household counts have increased while average household size has edged lower, pointing to more, smaller households entering the market — a pattern that typically expands the renter pool and supports occupancy stability. Forward-looking projections within 3 miles call for additional growth in households and incomes, which can underpin rent performance as modern units and well-located properties compete for demand.
The property’s 1990 vintage is newer than the neighborhood’s average construction year. For investors, that generally means a more competitive starting point versus older stock, while still allowing room for targeted modernization and systems updates to drive value-add returns through unit and common-area improvements.
Neighborhood safety indicators compare favorably to many urban areas nationwide, with overall crime sitting around the 71st percentile for safety. Recent trend data also shows notable year-over-year improvement, with both violent and property offense rates declining sharply, which supports resident retention and leasing stability.
As with any dense coastal submarket, conditions can vary block to block. Investors should underwrite standard security, lighting, and access controls, but current trends point to improving conditions relative to broader benchmarks.
The immediate area draws a professional workforce tied to technology, healthcare, gaming, and air travel operations — a mix that supports renter demand and short commute times for residents. Key nearby employers include Abbott Laboratories, Microsoft, Activision Blizzard, Southwest Airlines, and Symantec.
- Abbott Laboratories — healthcare & life sciences (2.0 miles) — HQ
- Microsoft Offices The Reserves — technology offices (2.2 miles)
- Activision Blizzard — gaming & entertainment (3.0 miles) — HQ
- Southwest Airlines Counter — air transportation services (4.2 miles)
- Symantec — cybersecurity offices (4.4 miles)
This 24-unit, 1990-vintage asset in Marina del Rey is positioned in a high-income, renter-driven neighborhood where elevated ownership costs tend to sustain multifamily demand. Based on CRE market data from WDSuite, neighborhood amenities rank competitively across dining, parks, and services, while the local renter concentration and strong income profile support depth of demand for well-maintained units.
Investor focus should be on capturing lifestyle-driven demand and professional tenants from nearby employers, while planning targeted upgrades to keep the 1990 systems and finishes competitive. Underwriting should also account for submarket occupancy volatility and prudent lease management to sustain performance through cycles.
- High-cost ownership market reinforces renter reliance and supports pricing power
- Strong neighborhood amenities and coastal lifestyle aid retention
- 1990 vintage offers a competitive baseline with value-add upgrade potential
- Large nearby employer base supports a stable professional tenant pool
- Risk: occupancy trends can be variable; active lease and renewal management is key