| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5447 White Oak Ave, Encino, CA, 91316, US |
| Region / Metro | Encino |
| Year of Construction | 1988 |
| Units | 27 |
| Transaction Date | 1996-11-14 |
| Transaction Price | $2,185,000 |
| Buyer | MAGNOLIA KESTER BUILDING PARTNERSHIP |
| Seller | BIBO ISAAC J R |
5447 White Oak Ave Encino Multifamily Investment
This 27-unit property built in 1988 operates in a neighborhood with 96.8% occupancy rates and strong renter demand fundamentals, according to CRE market data from WDSuite.
Located in Encino's established multifamily corridor, this property sits within a neighborhood ranking in the top quartile nationally for housing metrics among 1,441 metro neighborhoods. The area maintains a 96.8% occupancy rate with 62.2% of housing units renter-occupied, indicating sustained rental demand. Median contract rents of $1,754 have grown 17.7% over five years, reflecting pricing power in this San Fernando Valley submarket.
The neighborhood's amenity density supports tenant retention, with 4.07 grocery stores per square mile ranking in the 94th percentile nationally and strong childcare availability at 2.03 facilities per square mile. Within a 3-mile radius, the area serves 138,277 residents with a median household income of $97,984, providing a substantial renter pool. Demographic projections indicate household growth of 33.3% by 2028, with median incomes forecast to reach $149,747, supporting future rent growth potential.
The property's 1988 construction year positions it slightly newer than the neighborhood average of 1973, potentially reducing near-term capital expenditure needs while maintaining competitive positioning. Home values averaging $601,620 in the immediate area reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing options.
The neighborhood demonstrates improving safety trends, with property crime rates declining 74.4% year-over-year and violent crime dropping 93.3%, placing these improvements in the 96th and 99th percentiles nationally respectively. Current property offense rates of 240.6 per 100,000 residents rank near the metro median among 1,441 neighborhoods, while violent crime rates of 20.8 per 100,000 residents indicate relatively stable conditions for tenant retention and property operations.
The property benefits from proximity to established corporate employment centers, with major employers within a 10-mile radius supporting workforce housing demand and commute convenience.
- Thermo Fisher Scientific — life sciences (4.4 miles)
- Farmers Insurance Exchange — insurance — HQ (4.9 miles)
- Occidental Petroleum — energy — HQ (8.8 miles)
- Live Nation Entertainment — entertainment — HQ (9.5 miles)
- AECOM — engineering & construction — HQ (9.6 miles)
This 27-unit Encino property offers exposure to a high-occupancy submarket with demonstrated rent growth and strong demographic fundamentals. The neighborhood's 96.8% occupancy rate exceeds many metro areas, while five-year rent growth of 17.7% reflects sustained pricing power. Commercial real estate analysis from WDSuite indicates the area ranks in the top quartile nationally for housing metrics, supported by household income growth projections of 52.8% through 2028.
The 1988 construction vintage positions the asset competitively within the neighborhood's older housing stock, potentially offering value-add opportunities while avoiding immediate major capital expenditures. Proximity to corporate headquarters and established employment centers provides tenant demand stability, while elevated home ownership costs reinforce rental market dynamics in this San Fernando Valley location.
- High neighborhood occupancy at 96.8% indicates strong rental demand fundamentals
- Five-year rent growth of 17.7% demonstrates pricing power in established submarket
- Projected household growth of 33.3% by 2028 supports future tenant demand
- 1988 vintage offers potential value-add opportunities with manageable capital needs
- Risk consideration: High rent-to-income ratios may limit pricing flexibility and require active lease management