| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 33rd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14700 Strathern St, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1978 |
| Units | 22 |
| Transaction Date | 2001-11-28 |
| Transaction Price | $845,000 |
| Buyer | COMMERCIAL ALLIANCE LLC |
| Seller | CABRERA LUIS RAMIRO |
14700 Strathern St, Panorama City Multifamily Opportunity
Stabilized renter demand in an Urban Core pocket of Panorama City supports steady operations, according to WDSuite’s CRE market data. The property’s mid-scale unit mix is positioned to capture workforce tenants drawn by nearby employment and everyday amenities.
Panorama City’s Urban Core setting offers everyday convenience that supports leasing velocity. Neighborhood amenity density skews toward food and essentials, with restaurants and groceries comparing favorably to national norms, while cafés are also well represented. Dedicated parks and childcare options are more limited within the immediate neighborhood, which may modestly influence family-oriented demand profiles.
Neighborhood occupancy is generally stable and compares above national averages, and the share of housing units that are renter-occupied is high, signaling a deep tenant base for smaller multifamily assets. Median home values in the area are elevated relative to income levels, reinforcing reliance on rental housing and supporting pricing power and retention for well-managed properties.
Within a 3-mile radius, demographics show a slight population contraction alongside an increase in households and a trend toward smaller household sizes—conditions that can expand the renter pool and support occupancy stability for efficient one-bedroom and studio layouts. Household incomes have been rising, and rents have trended upward over the last five years, per commercial real estate analysis from WDSuite.
Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood rates C+ and sits competitive among Los Angeles neighborhoods (ranked in the top 40% out of 1,441), with housing and amenities performing above metro medians and schools performing below metro and national averages. Investors should budget for tenant mix and leasing strategies that balance affordability with operational discipline.
Safety indicators are competitive among Los Angeles neighborhoods (rank within the top 40% of 1,441 metro neighborhoods) and around the 70th percentile nationally, indicating comparatively better safety than many urban peer areas. Recent data also points to notable year-over-year declines in both property and violent offense estimates, according to WDSuite’s CRE market data.
As with most dense urban locations, safety can vary by micro-area and time of day. Operators typically mitigate risk through lighting, access control, and partnership with local patrol resources, which can aid resident retention and leasing stability.
Proximity to major media, insurance, and technology employers supports weekday traffic and a broad workforce renter base. The list below reflects nearby corporate offices that can underpin leasing demand and retention.
- Charter Communications — telecommunications (6.3 miles)
- Radio Disney — media (7.7 miles)
- Disney — media & entertainment (8.4 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.5 miles)
- Farmers Insurance Exchange — insurance (8.8 miles) — HQ
Built in 1978, this 22-unit asset is slightly newer than the neighborhood’s average vintage, providing a competitive edge versus older stock while still leaving room for targeted renovations to enhance finishes and major systems. Strong renter concentration in the neighborhood and stable occupancy support consistent collections, while elevated local home values reinforce reliance on multifamily housing and can sustain pricing power for well-managed units.
Within a 3-mile radius, households have increased and are forecast to expand further even as average household size trends lower—conditions that typically enlarge the renter pool and support occupancy stability. Amenity density for food and essentials is favorable, and proximity to large employers broadens the tenant base. According to CRE market data from WDSuite, neighborhood performance sits above metro medians on housing and amenities, with below-average school ratings and limited parks/childcare representing operational considerations rather than deal-breakers.
- 1978 vintage offers value-add potential while remaining competitive versus older neighborhood stock
- High renter-occupied share and stable neighborhood occupancy support leasing durability
- Elevated ownership costs in the area reinforce multifamily demand and pricing power
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risks: lower school ratings and limited parks/childcare; plan for amenity and operations-driven retention