| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 30th | Poor |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9700 Laurel Canyon Blvd, Arleta, CA, 91331, US |
| Region / Metro | Arleta |
| Year of Construction | 1982 |
| Units | 80 |
| Transaction Date | 2014-06-18 |
| Transaction Price | $9,380,093 |
| Buyer | LAUREL VILLAGE LP |
| Seller | LCANON CLUB APARTMENTS CORPORATION |
9700 Laurel Canyon Blvd Arleta Multifamily Investment
This 80-unit property built in 1982 benefits from strong neighborhood occupancy rates at 98.3% and declining crime trends, according to CRE market data from WDSuite.
The Arleta neighborhood ranks in the top quartile nationally for housing fundamentals, with occupancy rates of 98.3% outperforming most Los Angeles metro neighborhoods. Neighborhood-level median rents of $1,715 position units competitively within the broader market, while the 37.8% share of renter-occupied housing units supports sustained rental demand.
Built in 1982, this property aligns with the neighborhood's average construction vintage of 1994, suggesting potential value-add opportunities through strategic renovations and unit improvements. The area maintains strong operational fundamentals with net operating income averaging $8,730 per unit across comparable properties, ranking in the 72nd percentile nationally.
Demographics within a 3-mile radius show a stable tenant base with 216,373 residents and average household size of 3.9. Median household income of $75,731 supports current rent levels, while forecasted income growth to $106,320 by 2028 indicates improving affordability dynamics. The neighborhood offers essential amenities including 3.25 grocery stores per square mile, ranking in the 91st percentile nationally for grocery access.
Safety metrics show encouraging trends for this Arleta neighborhood, ranking 220th among 1,441 Los Angeles metro neighborhoods for overall crime performance, placing it in the 81st percentile nationally. Property crime rates have declined substantially by 86% year-over-year, while violent crime decreased by 94.2%, both ranking in the 99th percentile nationally for improvement.
Current property offense rates of 122.7 per 100,000 residents and violent crime rates of 16.7 per 100,000 residents reflect the positive trajectory in neighborhood safety conditions, supporting tenant retention and property appeal.
The property benefits from proximity to major corporate employers across entertainment, telecommunications, and technology sectors, providing diverse employment opportunities that support renter demand.
- Charter Communications — telecommunications (5.3 miles)
- Radio Disney — media & entertainment (7.8 miles)
- Disney — entertainment & media (8.1 miles) — HQ
- Live Nation Entertainment — entertainment services (10.9 miles)
- Thermo Fisher Scientific — life sciences (11.1 miles)
This 80-unit property offers stable cash flow fundamentals with neighborhood occupancy of 98.3% and declining crime trends supporting tenant retention. The 1982 construction year presents value-add opportunities through unit renovations and common area improvements, while proximity to major employers including Disney headquarters provides employment stability for the tenant base.
Demographic projections within the 3-mile radius show household income growth from $75,731 to $106,320 by 2028, supporting rent growth potential. The neighborhood's 84th percentile ranking for housing fundamentals and strong grocery access enhance long-term tenant appeal, though investors should monitor the area's lower educational attainment levels and plan for capital improvements given the property's age.
- Exceptional occupancy stability at 98.3% neighborhood rate
- Strong employment base with Disney HQ and major corporate offices nearby
- Value-add potential through renovations of 1982-vintage units
- Improving safety trends with 86% decline in property crime
- Risk consideration: Lower educational attainment may limit rent growth in certain unit classes