| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5335 Yarmouth Ave, Encino, CA, 91316, US |
| Region / Metro | Encino |
| Year of Construction | 1978 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5335 Yarmouth Ave Encino Multifamily Opportunity
Neighborhood fundamentals favor stable renter demand, with occupancy levels competitive among Los Angeles neighborhoods according to WDSuite’s CRE market data, supporting consistent operations for a 27‑unit asset in Encino.
Encino’s Urban Core setting offers solid day‑to‑day convenience for residents. Amenity access ranks competitive among Los Angeles neighborhoods (rank 315 of 1,441), and the area sits in the top quartile nationally for groceries, pharmacies, and cafes by density. Average school ratings are around the national middle, which can still support broad renter appeal across household types.
Rents in the neighborhood trend above national norms while occupancy remains strong, with the neighborhood’s occupancy level above the metro median (rank 460 of 1,441). Investor takeaway: pricing power is present, and occupancy stability has been resilient in recent years, based on CRE market data from WDSuite.
The property’s 1978 vintage is slightly newer than the neighborhood average vintage (1973). Relative to older stock, a 1970s asset can compete on layout and systems, though investors should plan for ongoing modernization to maintain positioning against renovated comparables.
Tenure patterns indicate depth in the renter base: a majority of housing units in the neighborhood are renter‑occupied (renter concentration ranks in the top decile nationally). For multifamily owners, this supports leasing velocity and renewal potential rather than being reliant on a thin renter pool.
Within a 3‑mile radius, household counts have increased while average household size has edged down, and forecasts point to additional household growth alongside smaller household sizes. This combination typically expands the renter pool and supports occupancy stability for professionally managed apartments.
Home values in the neighborhood are elevated relative to income (top national percentiles for value‑to‑income), characteristic of a high‑cost ownership market. That dynamic tends to reinforce reliance on rental housing and can aid lease retention, while rent‑to‑income ratios suggest some affordability pressure that warrants attentive renewal and concession strategy.
Safety indicators compare favorably in context. The neighborhood’s crime ranking places it in the top quartile among 1,441 Los Angeles metro neighborhoods, and national comparisons are above average. Recent data also show meaningful year‑over‑year declines in both violent and property offenses, indicating an improving trend rather than a one‑off shift, according to WDSuite’s CRE market data.
Investors should still underwrite standard operating practices and monitor block‑level patterns over time, but area‑level trends point to comparative stability versus many peer neighborhoods.
Proximity to major employers supports a diverse white‑collar renter base and commute convenience, with concentrations in life sciences, insurance, energy, entertainment, and engineering that can aid leasing stability for workforce and professional households.
- Thermo Fisher Scientific — life sciences (4.3 miles)
- Farmers Insurance Exchange — insurance (4.8 miles) — HQ
- Occidental Petroleum — energy (8.7 miles) — HQ
- Live Nation Entertainment — entertainment (9.5 miles) — HQ
- AECOM — engineering (9.6 miles) — HQ
5335 Yarmouth Ave is a 27‑unit, late‑1970s asset positioned in an Encino neighborhood that demonstrates above‑metro‑median occupancy and nationally strong amenity access. Elevated ownership costs in the area underpin renter reliance on multifamily housing, while a sizable renter‑occupied share signals depth in the tenant base. According to CRE market data from WDSuite, the neighborhood’s operating backdrop has supported competitive NOI per unit relative to national peers, suggesting room to sustain performance with disciplined asset management.
The 1978 vintage is slightly newer than the neighborhood average, offering a platform that can compete with older stock; targeted renovations and systems upgrades can capture value‑add upside and protect positioning. Demographically, within a 3‑mile radius, household growth alongside smaller household sizes points to a larger pool of prospective renters over the medium term, supporting occupancy stability and renewal potential.
- Occupancy competitive among Los Angeles neighborhoods with amenity access that supports renter retention.
- High‑cost ownership market reinforces multifamily demand and pricing power.
- 1978 vintage offers value‑add potential through selective interior and systems modernization.
- Household growth and smaller household sizes within 3 miles expand the renter pool, supporting lease‑up and renewals.
- Risk: rent‑to‑income pressure and cyclical exposure in parts of the local economy call for disciplined renewal and concession strategies.