| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 20th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14731 Rayen St, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 2012 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14731 Rayen St Panorama City Multifamily Investment
This 42-unit property benefits from neighborhood-level occupancy rates of 97.4%, reflecting strong tenant retention in a market where 77.8% of housing units are rentals, according to WDSuite's CRE market data.
Built in 2012, this 42-unit property positions investors for reduced near-term maintenance costs compared to the neighborhood's 1979 average construction year. The newer vintage provides a competitive advantage in a market where tenant retention supports neighborhood-level occupancy rates of 97.4%.
Demographics aggregated within a 3-mile radius show a household count increase of 2.8% over five years, with projections indicating a 30.3% expansion in households through 2028. This renter pool expansion supports occupancy stability, particularly given that 56.5% of area housing units are rentals. Median household income has grown 35% to $72,882, while rental rates have increased 33.2% to $1,623 over the same period.
The neighborhood ranks in the top quartile nationally for amenity access, with strong restaurant density at 19.5 per square mile and grocery store availability at 2.5 per square mile. Housing metrics rank in the 80th percentile nationally, while occupancy rates rank 351st among 1,441 Los Angeles metro neighborhoods, indicating above-median performance. Home values averaging $540,245 have grown 57% over five years, potentially keeping households in the rental market longer.
School ratings average 1.66 out of 5, ranking in the lower tier among metro neighborhoods. However, the urban core location provides access to employment centers, with major corporate offices including Disney and Farmers Insurance within 10 miles. The neighborhood's high rental share and strong occupancy trends suggest tenant demand remains stable despite educational limitations.
Crime statistics show the neighborhood ranking 358th among 1,441 Los Angeles metro neighborhoods, placing it in the 76th percentile nationally for safety. Property offense rates have declined significantly by 72.8% year-over-year, while violent crime rates dropped 96.3%, indicating improving security conditions that support tenant retention and property values.
The substantial crime reduction trend positions the area favorably for long-term investment, as safety improvements typically correlate with increased tenant demand and reduced turnover costs. These metrics suggest the neighborhood is experiencing positive momentum in public safety, which can contribute to occupancy stability and rental rate growth potential.
The property benefits from proximity to major corporate employers that anchor the regional employment base, supporting consistent tenant demand from professionals seeking convenient commute access.
- Charter Communications — telecommunications (6.7 miles)
- Radio Disney — media & entertainment (8.5 miles)
- Thermo Fisher Scientific — life sciences (8.8 miles)
- Farmers Insurance Exchange — insurance (9.0 miles) — HQ
- Disney — entertainment & media (9.1 miles) — HQ
This 2012-built property capitalizes on strong fundamentals in a high-rental neighborhood where 77.8% of units are rentals and occupancy rates reach 97.4%. Demographic projections show household growth of 30.3% through 2028, expanding the tenant base while rental rates have grown 33.2% over five years. The newer construction vintage relative to the 1979 neighborhood average reduces capital expenditure risk and positions the asset competitively.
According to CRE market data from WDSuite, the neighborhood ranks in the 80th percentile nationally for housing metrics and 86th percentile for occupancy performance. Major employers within 10 miles, including Disney and Farmers Insurance headquarters, provide employment stability that supports tenant retention. However, investors should monitor the lower-income demographics and below-average school ratings that may limit rent growth potential in certain tenant segments.
- High occupancy neighborhood at 97.4% with strong rental market fundamentals
- Projected 30.3% household growth through 2028 expanding the renter pool
- 2012 construction provides competitive advantage over 1979 neighborhood average
- Major corporate employers within 10 miles support tenant demand stability
- Risk: Lower-income demographics and poor school ratings may limit premium rent growth