| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 45th | Fair |
| Amenities | 26th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9933 Woodman Ave, Mission Hills, CA, 91345, US |
| Region / Metro | Mission Hills |
| Year of Construction | 1986 |
| Units | 91 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9933 Woodman Ave Mission Hills Multifamily Investment
The neighborhood demonstrates strong occupancy fundamentals at 98.1% with significant rent growth momentum, according to CRE market data from WDSuite. Above-median income growth and proximity to major employers position this 91-unit property for stable tenant demand.
This Mission Hills neighborhood ranks competitively among Los Angeles metro's 1,441 neighborhoods for housing fundamentals, with neighborhood-level occupancy at 98.1% significantly outperforming typical market conditions. The area's rent-to-income ratio suggests manageable housing costs for tenants, supporting retention and lease renewal stability for multifamily operators.
Demographics within a 3-mile radius show a mature renter base with household income growth of 33.2% over five years, reaching a median of $77,012. Projections indicate continued household formation with a 32.2% increase in households expected through 2028, expanding the tenant pool for rental properties. The area maintains a balanced tenure split with 48.8% renters, providing consistent demand for multifamily housing.
Built in 1986, this property aligns with the neighborhood's average construction year of 1975, positioning it as newer building stock that may require less immediate capital expenditure compared to older assets. The 788-square-foot average unit size reflects efficient layouts typical of the submarket, supporting competitive rent per square foot metrics.
Local amenities include above-average childcare density at 1.17 facilities per square mile, ranking in the 85th percentile nationally, which appeals to family-oriented tenants. Schools average 3.0 out of 5 stars, placing the area above the metro median for educational quality and supporting long-term tenant retention among households with children.
The neighborhood demonstrates strong safety fundamentals, ranking 27th out of 1,441 Los Angeles metro neighborhoods for overall crime metrics, placing it in the 89th percentile nationally. This top-quartile safety performance among metro neighborhoods supports tenant retention and property desirability.
Recent crime trends show substantial improvement, with property offense rates declining 87.4% year-over-year and violent crime rates down 96.6%. These significant reductions in both property and violent offenses indicate improving neighborhood conditions that can positively impact tenant satisfaction and renewal rates.
The property benefits from proximity to major corporate employers across entertainment, telecommunications, and life sciences sectors, providing diverse employment opportunities that support stable tenant demand and commute convenience.
- Charter Communications — telecommunications (7.0 miles)
- Radio Disney — media & entertainment (9.2 miles)
- Thermo Fisher Scientific — life sciences (9.6 miles)
- Disney — entertainment & media (9.7 miles) — HQ
- Farmers Insurance Exchange — insurance (9.8 miles) — HQ
This 91-unit Mission Hills property presents a compelling value-add opportunity in a neighborhood demonstrating exceptional occupancy stability at 98.1% and strong rent growth momentum. The 1986 construction year positions the asset for targeted renovations while avoiding the capital intensity of significantly older properties. Demographic projections show substantial household formation through 2028, with a 32.2% increase in households within a 3-mile radius expanding the tenant base.
The investment case strengthens with proximity to major employers including Disney headquarters and Charter Communications, providing employment diversity that supports tenant retention. Above-median income growth of 33.2% over five years demonstrates improving tenant quality, while the neighborhood's top-quartile safety ranking among 1,441 metro neighborhoods enhances long-term desirability.
- Exceptional neighborhood occupancy at 98.1% indicates strong rental demand fundamentals
- Projected 32.2% household growth through 2028 expands the tenant pool significantly
- Proximity to Disney HQ and major employers provides employment stability for tenants
- 1986 vintage allows for value-add renovations without excessive capital requirements
- Risk consideration: Limited amenity density may impact tenant appeal compared to higher-density submarkets