| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 51st | Fair |
| Amenities | 71st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9929 Sepulveda Blvd, Mission Hills, CA, 91345, US |
| Region / Metro | Mission Hills |
| Year of Construction | 1979 |
| Units | 23 |
| Transaction Date | 2025-12-02 |
| Transaction Price | $4,730,000 |
| Buyer | 9929 SEPULVEDA LLC |
| Seller | RANCHO SEPULVEDA LLC |
9929 Sepulveda Blvd Mission Hills Multifamily Investment
This 23-unit property benefits from neighborhood-level occupancy rates of 98.8%, ranking 156th among 1,441 Los Angeles metro neighborhoods according to WDSuite's CRE market data.
Mission Hills offers multifamily investors a stable rental environment with neighborhood-level occupancy rates at 98.8%, ranking in the top quartile among 1,441 Los Angeles metro neighborhoods. The area maintains moderate rental demand with 31.9% of housing units renter-occupied, supporting consistent tenant bases for well-positioned properties.
Built in 1979, this property aligns with the neighborhood's average construction year of 1978, suggesting potential value-add opportunities through strategic renovations and capital improvements. Median home values of $689,562 with elevated ownership costs reinforce rental demand, as higher purchase prices sustain renter reliance on multifamily housing options in the submarket.
Demographic data aggregated within a 3-mile radius shows household growth of 2.6% over five years, expanding the potential tenant base. Projected household formation through 2028 indicates a 29.4% increase, supporting longer-term occupancy stability and lease retention. The area's amenity density ranks 386th of 1,441 metro neighborhoods, with above-average access to childcare and grocery services that enhance tenant appeal.
Current median contract rents of $1,728 have increased 17.8% over five years, while rent-to-income ratios remain at 23%, indicating manageable affordability pressure for residents. Schools average 4.0 out of 5 stars, ranking 121st metro-wide, which supports family retention and attracts quality tenants seeking educational access.
Mission Hills demonstrates strong safety metrics compared to regional averages, with crime statistics ranking 84th among 1,441 Los Angeles metro neighborhoods, placing it in the 87th percentile nationally. Violent crime rates show particularly favorable trends, with recent year-over-year decreases of 98.2% supporting a stable residential environment for tenants.
Property crime rates have similarly declined by 79.8% year-over-year, indicating improving neighborhood conditions that can support tenant retention and reduce turnover costs. These safety improvements position the area competitively within the broader Los Angeles multifamily market, though investors should monitor ongoing trends as part of regular market assessment.
The property benefits from proximity to major corporate employers across entertainment, telecommunications, and financial services sectors, providing diverse employment bases that support rental demand and tenant stability.
- Charter Communications — telecommunications (7.9 miles)
- Thermo Fisher Scientific — life sciences (8.8 miles)
- Farmers Insurance Exchange — insurance services (8.9 miles) — HQ
- Disney — entertainment & media (10.4 miles) — HQ
- Live Nation Entertainment — entertainment services (12.5 miles)
This Mission Hills property offers multifamily investors exposure to a neighborhood with exceptional occupancy fundamentals, ranking 156th among 1,441 Los Angeles metro neighborhoods at 98.8% occupancy rates. The 1979 construction year aligns with area norms while presenting value-add renovation opportunities to capture rent growth in a market where median rents have increased 17.8% over five years.
Demographic projections within a 3-mile radius indicate household growth of 29.4% through 2028, expanding the renter pool while elevated home values of $689,562 reinforce rental demand by sustaining multifamily housing reliance. Based on CRE market data from WDSuite, the neighborhood's strong safety profile and proximity to major employers including Disney and Charter Communications support tenant retention and leasing velocity.
- Exceptional neighborhood occupancy at 98.8%, ranking top quartile metro-wide
- Value-add potential through strategic renovations of 1979 vintage property
- Projected 29.4% household growth through 2028 expanding tenant base
- Elevated ownership costs sustain rental demand in submarket
- Risk: Older building stock requires ongoing capital expenditure planning