| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 20th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14949 Roscoe Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1979 |
| Units | 25 |
| Transaction Date | 2006-10-24 |
| Transaction Price | $2,500,000 |
| Buyer | ROSCOE 25 LLC |
| Seller | ARMOR LINDA V |
14949 Roscoe Blvd, Panorama City Multifamily Investment
Neighborhood fundamentals show high renter concentration and steady occupancy, according to WDSuite’s CRE market data, supporting durable demand for a 25-unit asset in Los Angeles’ San Fernando Valley. Expect tenant depth reinforced by a high-cost ownership market and daily-life amenities within an urban core setting.
The property sits in an Urban Core neighborhood of Los Angeles that is above the metro median for overall livability (neighborhood rating: B-). Daily needs are well covered: restaurants and cafes perform in the top quartile nationally, with grocery and pharmacy access also testing above national medians. A notable gap is park acreage, which is limited locally, and average school ratings trend below national norms—factors to weigh in leasing narratives for family-oriented units.
From an operations perspective, neighborhood occupancy is strong and competitive among Los Angeles neighborhoods, and renter-occupied housing share is among the highest nationally. For investors, that combination signals a deep tenant base and historically stable lease-up and retention dynamics. Median contract rents in the area have advanced materially over the past five years, and net operating income per unit trends above national midpoints, indicating potential for consistent cash flow performance when well-managed.
Housing costs for ownership are elevated versus national benchmarks, and value-to-income ratios rank among the highest nationwide. In practice, this high-cost ownership market tends to sustain reliance on rental housing, which can support pricing power and occupancy stability for professionally managed multifamily. This context, paired with amenity density, positions the asset competitively within the submarket.
Demographic statistics are aggregated within a 3-mile radius: while population has modestly contracted in recent years, the number of households has increased and is projected to rise further as average household size declines. This shift typically expands the renter pool and supports unit absorption even amid flat-to-down population totals—an important nuance for underwriting and commercial real estate analysis based on WDSuite’s dataset.
Relative safety indicators are competitive among Los Angeles neighborhoods and land in the top quartile nationally, according to WDSuite’s data. Year-over-year estimates indicate meaningful declines in both property and violent offenses at the neighborhood level, signaling an improving trend rather than a one-off data point.
As always, investors should consider multi-year patterns and submarket context rather than block-level assumptions. The current trajectory supports renter retention and leasing confidence, but prudent operators will continue monitoring local reports and resident feedback as part of ongoing risk management.
Nearby employers span media, entertainment, insurance, and life sciences, supporting a broad workforce renter base and commute convenience for tenants. Key names include Charter Communications, Radio Disney, Thermo Fisher Scientific, Farmers Insurance Exchange, and Disney.
- Charter Communications — telecommunications (6.7 miles)
- Radio Disney — media (8.2 miles)
- Thermo Fisher Scientific — life sciences offices (8.3 miles)
- Farmers Insurance Exchange — insurance (8.6 miles) — HQ
- Disney — entertainment (8.9 miles) — HQ
14949 Roscoe Blvd offers exposure to a renter-heavy Los Angeles neighborhood with competitive occupancy and strong amenity access that supports day-to-day living. The property’s 1979 construction suggests straightforward value-add pathways—targeted interior updates and system modernization—to enhance rent positioning relative to nearby product while maintaining leasing velocity. According to CRE market data from WDSuite, neighborhood occupancy trends above national medians and ownership remains high-cost, both of which typically reinforce rental demand and retention.
Within a 3-mile radius, households have increased and are projected to grow further as average household size declines, expanding the renter pool even as population trends are flat to slightly negative. Elevated ownership costs and rising area incomes create a backdrop for sustained multifamily demand, while operators should manage affordability pressure (rent-to-income) and community considerations such as school quality and limited park access.
- Renter-heavy neighborhood and competitive occupancy support stable leasing
- 1979 vintage with clear value-add and modernization potential
- High-cost ownership market underpins renter reliance and pricing power
- Household growth and smaller household sizes expand the renter pool
- Key risks: affordability pressure, below-average school ratings, limited park access