| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 80th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15506 Moorpark St, Encino, CA, 91436, US |
| Region / Metro | Encino |
| Year of Construction | 1989 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15506 Moorpark St Encino Multifamily Positioning
Neighborhood occupancy is steady and renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data; note that occupancy refers to the surrounding neighborhood, not the property.
Encino’s Inner Suburb location offers strong lifestyle convenience for renters, with dense retail and services nearby. Neighborhood amenities test well against national peers — grocery, restaurant, and cafe density sit in the upper national percentiles — supporting day-to-day livability that helps leasing and retention. Park density, however, ranks near the bottom among 1,441 metro neighborhoods, so green-space access may rely on nearby districts rather than the immediate cluster.
From a housing standpoint, neighborhood occupancy is solid and above many U.S. areas, and effective rent levels benchmark in the upper decile nationally, signaling a renter base with capacity to support quality assets. The neighborhood ranks competitive among Los Angeles–Long Beach–Glendale neighborhoods (115 out of 1,441), reflecting broad strengths rather than a single driver.
Within a 3-mile radius, an estimated 60%+ of housing units are renter-occupied, indicating a deep tenant base and multifamily demand depth for a 75-unit property. Over the next five years, WDSuite data points to a projected increase in households alongside smaller average household sizes, which generally supports a larger tenant base and occupancy stability for multifamily.
Ownership costs are elevated versus national norms (home values rank near the top nationally), which tends to sustain reliance on rental housing and can support pricing power and lease retention for well-managed communities. For 1989-vintage assets like this one, the vintage is newer than the neighborhood average (1971), providing relative competitiveness versus older stock, while investors should still plan for system modernization or targeted repositioning as needed.
Safety indicators benchmark favorably in a national context, with the neighborhood landing in a higher national percentile for overall crime safety compared to many U.S. neighborhoods. Recent WDSuite estimates also show meaningful year-over-year declines in both property and violent offense rates, suggesting improving conditions.
Investors should still underwrite at the submarket level across the Los Angeles metro, as safety can vary by corridor and block. Use neighborhood trends primarily for directional context during risk assessment and lease management planning.
The area draws from a broad professional employment base that supports renter demand and commute convenience, including Occidental Petroleum, Live Nation Entertainment, Thermo Fisher Scientific, Activision Blizzard Studios, and AECOM.
- Occidental Petroleum — energy HQ & corporate (6.9 miles) — HQ
- Live Nation Entertainment — entertainment HQ & corporate (7.0 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (7.2 miles)
- Activision Blizzard Studios — media & gaming offices (7.4 miles)
- AECOM — engineering & infrastructure HQ (7.4 miles) — HQ
The investment case centers on steady neighborhood occupancy, a large renter pool, and an Inner Suburb location with strong amenity access. Elevated ownership costs (top-tier nationally) underpin sustained renter reliance on multifamily housing, supporting lease retention and pricing power for well-positioned assets. According to CRE market data from WDSuite, rent benchmarks are high relative to national peers while the surrounding neighborhood’s occupancy remains healthy — a combination favorable to income durability when paired with disciplined lease management.
Constructed in 1989, the property is newer than the neighborhood’s average vintage, offering competitive positioning versus older buildings while still warranting targeted modernization for long-term resilience. Within a 3-mile radius, the projected increase in households and smaller household sizes expand the tenant base, which can support occupancy stability over a multi-year hold.
- High-cost ownership market reinforces rental demand and supports retention
- Healthy neighborhood occupancy with amenity-rich surroundings aids leasing stability
- 1989 vintage offers relative competitiveness with potential value-add through modernization
- 3-mile household growth and smaller household sizes expand the renter pool
- Risk: limited park density in the immediate cluster and upper-tier rents require careful lease management