| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 84th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5101 Balboa Blvd, Encino, CA, 91316, US |
| Region / Metro | Encino |
| Year of Construction | 1986 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5101 Balboa Blvd Encino Multifamily Investment
This 88-unit property built in 1986 sits in a neighborhood with 94.1% occupancy and strong resident demographics. Commercial real estate analysis from WDSuite shows the area ranks in the top quartile nationally for amenities and housing fundamentals.
The Encino neighborhood ranks 84th among 1,441 metro neighborhoods, earning an A rating with strong fundamentals across key investor metrics. According to CRE market data from WDSuite, the area achieves a 94.1% occupancy rate while maintaining median contract rents of $2,039, reflecting solid tenant retention in this inner suburb location.
Demographics within a 3-mile radius support rental demand stability, with 52.4% of housing units occupied by renters and household incomes averaging $142,557. The neighborhood ranks in the 92nd national percentile for education levels, with 35.4% of residents holding bachelor's degrees. Population projections indicate 3.1% growth through 2028, translating to approximately 4,000 additional residents entering the local tenant pool.
Built in 1986, this property aligns with the neighborhood's average construction year of 1974, positioning it for potential value-add opportunities through selective capital improvements. The area's amenity density ranks in the 99th national percentile, with 6.3 cafes per square mile and extensive pharmacy access supporting tenant appeal and retention rates.
Home values averaging $1.47 million create natural rental demand, as elevated ownership costs keep households in the multifamily market. The rent-to-income ratio of 0.23 indicates manageable affordability levels for tenants while supporting stable lease renewal rates for property operators.
Safety metrics show improving trends that support tenant retention and leasing velocity. The neighborhood ranks 366th among 1,441 metro neighborhoods for overall crime, placing it in the 76th national percentile compared to neighborhoods nationwide.
Property offense rates declined 80.2% year-over-year, ranking in the 98th national percentile for improvement trends. Violent crime rates also decreased 93.5% annually, demonstrating positive momentum that enhances the area's appeal to prospective tenants and supports stable occupancy levels.
The surrounding employment base includes major corporate offices and headquarters within commuting distance, providing workforce housing demand from professional tenants.
- Thermo Fisher Scientific — life sciences (5.4 miles)
- Farmers Insurance Exchange — insurance HQ (6.0 miles)
- Occidental Petroleum — energy HQ (7.9 miles)
- Live Nation Entertainment — entertainment HQ (8.5 miles)
- AECOM — engineering & construction HQ (8.7 miles)
This 88-unit Encino property offers stable cash flow fundamentals in a neighborhood with 94.1% occupancy and strong demographic support. Built in 1986, the asset presents value-add potential through strategic capital improvements while benefiting from an established tenant base in a high-amenity location. The surrounding area's $142,557 average household income and 52.4% renter occupancy rate create sustained multifamily demand.
Population growth projections of 3.1% through 2028 will expand the local renter pool by approximately 4,000 residents, supporting absorption and lease-up velocity. Home values averaging $1.47 million reinforce rental demand as elevated ownership costs keep households in the multifamily market, while declining crime rates enhance tenant appeal and retention prospects.
- Neighborhood occupancy of 94.1% indicates strong tenant retention and leasing stability
- 1986 construction year creates value-add opportunities through selective capital improvements
- Population growth of 3.1% through 2028 expands the tenant base by 4,000 residents
- High home values of $1.47 million sustain rental demand over ownership alternatives
- Monitor rent-to-income ratio of 0.23 for potential affordability pressure on renewals