| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14530 Plummer St, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1984 |
| Units | 23 |
| Transaction Date | 1994-07-19 |
| Transaction Price | $1,100,000 |
| Buyer | MANAGED PROPERTIES INC |
| Seller | MANAGED PROPERTIES INC |
14530 Plummer St Panorama City Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data. Metrics referenced reflect the surrounding neighborhood, not this property, and indicate stable leasing conditions supported by a large renter-occupied housing base.
Panorama City’s Urban Core location offers strong daily-life convenience. Amenity access is competitive among 1,441 Los Angeles metro neighborhoods, with restaurant and grocery density in the top quartile nationally. Cafes and pharmacies are also plentiful by national comparison, though park access is limited, which may modestly temper open-space appeal.
For investors, neighborhood occupancy trends are a highlight: the area’s rental occupancy (neighborhood-level) sits in the top quartile nationally, supporting steady lease-up and retention. Median asking rents for the neighborhood track above national norms, signaling pricing power potential balanced by resident affordability management. School options rate below national median levels, which can influence unit mix positioning and marketing rather than core demand drivers.
Tenure patterns show a high share of renter-occupied housing units at the neighborhood level, indicating a deep tenant base for multifamily. Within a 3-mile radius, households have increased in recent years while population edged lower, implying smaller household sizes and sustained demand for rental units rather than a reliance on in-migration alone. Forward-looking neighborhood and 3-mile indicators point to continued household growth with a gradually shifting age mix, trends that typically support occupancy stability for well-managed assets.
Ownership costs in the surrounding neighborhood are elevated versus national benchmarks, which tends to sustain reliance on rental housing and can support rent durability for competitively positioned properties. However, rent-to-income metrics also suggest areas of affordability pressure, underscoring the importance of measured rent setting and renewal strategies.
Neighborhood safety indicators are above the national median based on WDSuite benchmarks, with the area comparing favorably to many neighborhoods nationwide. Recent year-over-year trends show notable declines in both property and violent offense estimates at the neighborhood level, pointing to an improving trajectory rather than a short-term anomaly.
As with any urban submarket, conditions can vary by block and over time; investors should underwrite to neighborhood-level data and confirm site-specific security measures that support tenant retention and asset protection.
The employment base nearby is diversified across telecom, media, entertainment, life sciences, and insurance — a mix that supports renter demand through broad occupational depth and commute convenience for workforce tenants.
- Charter Communications — telecom (6.7 miles)
- Radio Disney — media (8.7 miles)
- Disney — entertainment (9.2 miles) — HQ
- Thermo Fisher Scientific — life sciences (9.4 miles)
- Farmers Insurance Exchange — insurance (9.6 miles) — HQ
With 23 units built in 1984, the property presents a garden-scale asset in a neighborhood where occupancy is strong and renter concentration is high. The vintage is slightly newer than the neighborhood’s average stock, offering relative competitiveness versus older inventory while still warranting capital planning for aging systems or targeted value-add. Elevated neighborhood home values reinforce renter reliance on multifamily, supporting pricing power when paired with disciplined lease management.
According to CRE market data from WDSuite, the surrounding neighborhood shows top-quartile occupancy nationally and strong amenity access, both favorable for retention and leasing velocity. Within a 3-mile radius, household counts have grown even as population has edged lower, which typically signals smaller household sizes and a larger renter pool over time — a constructive backdrop for stabilized operations. Investors should balance these strengths against affordability pressures indicated by rent-to-income metrics and local school ratings below national medians.
- High neighborhood occupancy and deep renter base support leasing stability
- 1984 vintage offers competitive positioning with potential value-add through selective upgrades
- Amenity-rich Urban Core location drives retention and demand
- Elevated ownership costs in the area reinforce multifamily demand and pricing power
- Risks: resident affordability pressure and below-median school ratings warrant conservative rent and renewal strategies