| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14605 Rayen St, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1978 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14605 Rayen St Panorama City Multifamily Investment
This 23-unit property benefits from strong neighborhood-level occupancy at 97.8% and elevated rental demand, with 69.7% of housing units renter-occupied according to WDSuite's CRE market data.
The Panorama City neighborhood ranks in the top quartile nationally for occupancy performance among 1,441 metro neighborhoods, with neighborhood-level occupancy reaching 97.8%. The area maintains strong rental demand fundamentals, with 69.7% of housing units renter-occupied, ranking in the 97th percentile nationally for rental tenure share.
Demographic data aggregated within a 3-mile radius shows a stable renter base of 281,509 residents with median household income of $72,611. Projected household growth of 30% through 2028 supports expanding rental demand, while forecast median rent increases to $2,124 indicate pricing power potential. The neighborhood's average construction year of 1982 aligns with the 1978 vintage of this property, suggesting capital planning considerations for value-add positioning.
Amenity density supports tenant retention with 8.56 grocery stores per square mile ranking in the 99th percentile nationally, and restaurant density of 52.32 per square mile also in the top percentile. Current median contract rent of $1,524 represents a 29.4% increase over five years, while the rent-to-income ratio of 0.31 indicates affordability pressure that requires careful lease management consideration.
Crime metrics show the neighborhood ranking 415th among 1,441 metro neighborhoods, placing it above the metro median with a 74th national percentile for safety compared to neighborhoods nationwide. Property offense rates declined 84.1% year-over-year, ranking in the 98th percentile nationally for crime reduction trends.
Violent offense rates also decreased significantly by 91.1% annually, with the neighborhood ranking in the 99th percentile nationally for violent crime reduction. These improving safety trends support tenant retention and leasing stability considerations for multifamily operators.
The employment base includes major corporate offices within commuting distance, supporting workforce housing demand and tenant stability in the San Fernando Valley submarket.
- Charter Communications — telecommunications (6.5 miles)
- Radio Disney — media & entertainment (8.3 miles)
- Disney — entertainment & media (8.9 miles) — HQ
- Thermo Fisher Scientific — life sciences (9.0 miles)
- Farmers Insurance Exchange — insurance (9.3 miles) — HQ
This 1978-built, 23-unit property positions investors in a neighborhood demonstrating exceptional occupancy stability and rental demand fundamentals. Neighborhood-level occupancy of 97.8% ranks in the top quartile among Los Angeles metro neighborhoods, while the 69.7% renter-occupied housing share indicates deep rental market penetration. Demographic projections show household growth of 30% through 2028, supporting expanded tenant demand alongside forecast rent growth to $2,124.
The property's construction vintage aligns with neighborhood norms but presents value-add renovation opportunities given the area's improving safety profile and strong amenity density. According to multifamily property research from WDSuite, crime reduction trends ranking in the 98th percentile nationally support tenant retention, while grocery and restaurant density in the top national percentiles enhance location appeal.
- Exceptional neighborhood occupancy at 97.8% with top quartile metro ranking
- Strong rental demand fundamentals with 69.7% of housing units renter-occupied
- Projected 30% household growth through 2028 supporting tenant base expansion
- Value-add potential with 1978 vintage requiring capital planning consideration
- Risk factor: Rent-to-income ratio of 0.31 requires careful lease management