| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 20th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14670 Roscoe Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1977 |
| Units | 39 |
| Transaction Date | 1993-12-28 |
| Transaction Price | $1,169,939 |
| Buyer | STATE STREET BANK & TRUST COMPANY |
| Seller | CHICAGO TITLE COMPANY |
14670 Roscoe Blvd Panorama City Multifamily Investment
Workforce-oriented asset in an Urban Core pocket of Panorama City where neighborhood occupancy has remained elevated and renter demand is supported by nearby employment, according to CRE market data from WDSuite.
Panorama City’s Urban Core setting supports daily convenience: restaurants and cafes are dense for Los Angeles standards, grocery and pharmacy access is robust, and transit connectivity enables commutes across the Valley. Neighborhood occupancy is high (measured for the neighborhood, not the property), which supports leasing stability for well-managed assets.
Renter-occupied housing is the dominant tenure in this neighborhood, indicating a deep tenant base for multifamily. Median home values trend high for the area, a high-cost ownership landscape that tends to sustain reliance on rentals and can bolster pricing power when units are positioned competitively.
Within a 3-mile radius, households have increased even as population edged lower, pointing to smaller household sizes and a broader count of households entering the market. This shift generally expands the renter pool and supports occupancy durability for well-located properties based on multifamily property research from WDSuite.
Amenity access is a relative strength, while park acreage is limited nearby and average school ratings trend below national benchmarks. Investors should underwrite accordingly, leaning on strong local services and commute convenience to support retention.
Safety indicators compare favorably to many neighborhoods nationwide, with composite crime measures trending in the stronger half of U.S. neighborhoods and recent year-over-year declines in both property and violent offenses, per WDSuite’s CRE data. Conditions vary block to block, so investors typically assess site-level security and lighting during diligence.
Nearby employment spans telecommunications, media and entertainment, life sciences, and insurance. This concentration provides a broad commuter base that can support renter demand and retention for workforce housing.
- Charter Communications — telecommunications (6.4 miles)
- Radio Disney — media & entertainment offices (7.9 miles)
- Disney — media & entertainment (8.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.6 miles)
- Farmers Insurance Exchange — insurance (8.9 miles) — HQ
Built in 1977 with 39 units, the property sits slightly older than the neighborhood average, creating potential value-add and capital planning opportunities to modernize interiors and systems while competing against nearby 1970s/1980s stock. Neighborhood occupancy remains high and the area shows a strong renter concentration, which supports tenant demand and leasing stability relative to broader metro trends.
Within a 3-mile radius, the count of households has grown despite modest population contraction, indicating smaller households and a larger tenant base over time. Elevated home values in Los Angeles reinforce reliance on rentals, while proximity to diversified employers supports retention. According to commercial real estate analysis from WDSuite, affordability pressure should be monitored in underwriting, but demand fundamentals and location convenience underpin a stable long-term thesis.
- High neighborhood occupancy and deep renter-occupied housing base support demand stability
- 1977 vintage presents value-add/modernization upside versus older competing stock
- Household growth within 3 miles expands the renter pool despite a slight population dip
- Proximity to diversified employers (telecom, entertainment, life sciences, insurance) supports leasing and retention
- Risks: rent-to-income pressure and below-average school ratings warrant conservative renewal and expense planning