| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5474 Newcastle Ave, Encino, CA, 91316, US |
| Region / Metro | Encino |
| Year of Construction | 1972 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5474 Newcastle Ave Encino Multifamily Investment
Encino an Urban Core pocket with high occupancy and a sizable share of renter-occupied units 14supports durable leasing, according to WDSuite s CRE market data.
This Encino address sits in a neighborhood rated A and ranked in the top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, signaling strong fundamentals for renters and operators. Amenity access is also top quartile metro-wide, with dense grocery, pharmacy, and dining options that help reduce resident friction and support leasing velocity.
The neighborhood s occupancy is competitive among Los Angeles-Long Beach-Glendale neighborhoods and above national norms, a positive backdrop for maintaining collections and renewal rates. Housing stock skews rental: the share of housing units that are renter-occupied is elevated, indicating a deep tenant base for studios and one-bedrooms typical of the submarket.
Within a 3-mile radius, household counts have trended upward while average household size has edged lower, expanding the pool of households relative to population and reinforcing demand for smaller units. Incomes have grown meaningfully over recent years, and forward-looking projections show additional income gains alongside higher asking rents factors that can support occupancy stability and measured pricing power when managed carefully.
Home values in the neighborhood are elevated versus national benchmarks and value-to-income measures rank in the higher percentiles nationally. In practice, this high-cost ownership market tends to sustain reliance on multifamily rentals, improving depth of demand and potentially supporting retention. Average school ratings are slightly above the national midpoint, providing a neutral-to-supportive factor for family-oriented renters.
Vintage at the property is 1972 (neighborhood average is 1973). For investors, this typically implies planning for systems modernization and targeted interior updates to remain competitive against newer stock, with potential value-add upside through renovations.
Lifestyle access is strong for daily needs (grocers, cafes, pharmacies), though park acreage within immediate proximity is limited; operators may lean on on-site amenities or partnerships to offset the lack of green space.
Safety metrics compare favorably overall: the neighborhood sits around the top quartile nationally for lower crime incidence, according to WDSuite s benchmarks. Property crime levels track near national averages, while violent crime indicators are modestly better than national norms.
Trendwise, both violent and property offense estimates have improved over the past year in the local area, a constructive signal for tenant retention and leasing confidence. As always, investors should underwrite at the neighborhood level rather than the block and monitor trends across the Los Angeles-Long Beach-Glendale metro.
Proximity to established corporate employers underpins renter demand by shortening commutes and broadening the local talent pool. Nearby anchors include Thermo Fisher Scientific, Farmers Insurance Exchange, Occidental Petroleum, Live Nation Entertainment, and AECOM.
- Thermo Fisher Scientific corporate offices (4.1 miles)
- Farmers Insurance Exchange insurance (4.6 miles) HQ
- Occidental Petroleum energy (8.9 miles) HQ
- Live Nation Entertainment entertainment (9.8 miles) HQ
- AECOM engineering & infrastructure (9.8 miles) HQ
5474 Newcastle Ave offers exposure to an A-rated Encino neighborhood with strong renter dynamics and high occupancy levels. Elevated home values and a higher renter-occupied share point to a durable tenant base, while nearby employment nodes help support day-to-day leasing. According to CRE market data from WDSuite, neighborhood occupancy performance is competitive in the Los Angeles-Long Beach-Glendale metro and above national norms, aligning with steady demand for smaller formats typical of this asset s average unit size.
Built in 1972, the property profile suggests thoughtful capital planning for building systems and strategic interior upgrades to maintain competitiveness. Within a 3-mile radius, household growth alongside smaller household sizes, rising incomes, and projected rent gains indicate a larger tenant base and support for occupancy stability with careful attention to affordability pressure typical of high-cost Los Angeles submarkets.
- A-rated, top-quartile neighborhood with strong amenity access and competitive occupancy
- High renter-occupied share and elevated ownership costs deepen multifamily demand
- 1972 vintage with clear value-add potential via systems and interior modernization
- 3-mile demographics show more households, smaller household sizes, and income growth supporting leasing
- Risks: limited nearby park space and affordability pressure require careful amenity and lease management