| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 20th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14841 Roscoe Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1972 |
| Units | 51 |
| Transaction Date | 2000-06-07 |
| Transaction Price | $1,950,000 |
| Buyer | EKINS GEORGE W |
| Seller | SAAVEDRA ANASTACIO |
14841 Roscoe Blvd Panorama City Multifamily Investment
High renter demand and sustained neighborhood occupancy support stable operations, according to WDSuite s CRE market data. The location s Urban Core setting in Panorama City positions the asset to capture workforce-driven tenancy.
Panorama City s Urban Core location offers a dense daily-needs ecosystem restaurants, groceries, pharmacies, and cafes cluster at levels that rank in the upper tier nationally, supporting leasing convenience and resident satisfaction. However, access to parks is limited, which some family renters may weigh when comparing submarkets.
Neighborhood occupancy is competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods and sits in the top quartile nationally, reinforcing expectations for steady collections and retention. Within the immediate neighborhood, the renter-occupied share is high roughly four out of five housing units which points to a deep tenant base; within a 3-mile radius, renters account for a little over three-fifths of units, broadening the pool of prospective residents. These tenure dynamics are consistent with workforce housing demand patterns and support ongoing absorption.
Home values are elevated versus incomes in the neighborhood (high national percentile for value-to-income), which tends to reinforce reliance on multifamily rentals rather than ownership and can sustain pricing power. At the same time, rent-to-income levels indicate some affordability pressure, so operators should emphasize lease management and renewal strategies to protect retention.
The property s 1972 vintage is older than the neighborhood s late-1970s average. For investors, that typically implies targeted capital planning and value-add potential through unit renovations and systems modernization, which can enhance competitiveness against newer stock while leveraging the area s strong occupancy. These observations are based on commercial real estate analysis using WDSuite s market data and neighborhood ranks (top-quartile occupancy among 1,441 metro neighborhoods).
Compared with neighborhoods nationwide, this area scores in a higher safety percentile, placing it roughly in the top quartile nationally, and performs above the metro average among 1,441 Los Angeles-area neighborhoods. Recent WDSuite data also shows steep year-over-year declines in estimated property and violent offenses, indicating an improving trend. As always, conditions can vary by block and over time, so investors should pair these trends with site-level diligence.
The submarket draws from a broad employment base in media, telecom, insurance, and life sciences, supporting renter demand and commute convenience for workforce tenants. Notable nearby employers include Charter Communications, Radio Disney, Thermo Fisher Scientific, Farmers Insurance Exchange, and Disney.
- Charter Communications telecom (6.6 miles)
- Radio Disney media (8.1 miles)
- Thermo Fisher Scientific life sciences (8.4 miles)
- Farmers Insurance Exchange insurance (8.7 miles) HQ
- Disney media & entertainment (8.8 miles) HQ
This 51-unit asset at 14841 Roscoe Blvd benefits from neighborhood fundamentals that favor multifamily: top-quartile occupancy, a high concentration of renter-occupied housing, and dense daily-needs amenities. According to CRE market data from WDSuite, ownership costs in the area are elevated relative to incomes, which tends to sustain renter reliance on apartments and supports pricing power when paired with tight vacancy.
The 1972 vintage suggests a clear value-add path through interior upgrades and selective system improvements, helping the property compete against newer supply. Within a 3-mile radius, household counts have been increasing and are projected to rise further even as average household size trends smaller, expanding the renter pool and supporting occupancy stability over the long term. Operators should balance this demand with prudent affordability and renewal strategies.
- Tight neighborhood vacancy and high renter concentration support stable occupancy and collections
- Elevated ownership costs reinforce multifamily demand, aiding rent positioning
- 1972 vintage offers value-add potential via renovations and system upgrades
- Growing household counts within 3 miles point to a larger tenant base over time
- Risks: affordability pressure (rent-to-income), limited park access, and lower school ratings for family renters