| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 20th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15126 Roscoe Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1987 |
| Units | 21 |
| Transaction Date | 1999-04-20 |
| Transaction Price | $1,007,272 |
| Buyer | ROSCOE NOBLE APARTMENTS LLC |
| Seller | LAW DONALD O |
15126 Roscoe Blvd Panorama City Multifamily Investment
Strong neighborhood occupancy at 97.4% reflects stable rental demand in this urban core location, according to CRE market data from WDSuite.
This 21-unit property in Panorama City sits within an established urban core neighborhood with a B- rating that ranks in the middle tier among 1,441 Los Angeles metro neighborhoods. Built in 1987, the property requires consideration for capital expenditure planning and potential value-add opportunities typical of assets approaching four decades of age.
The immediate neighborhood demonstrates strong rental fundamentals with 97.4% occupancy that ranks in the top quartile nationally, supported by a heavily rental market where 77.8% of housing units are renter-occupied—ranking in the top 1% of metro neighborhoods. Median contract rents of $1,493 provide affordability relative to the broader Los Angeles market, though rent-to-income ratios indicate potential affordability pressures for tenants.
Demographics within a 3-mile radius show a population of approximately 283,000 with household income levels below metro averages. Forward-looking projections indicate household growth of 28.9% over the next five years, which could expand the local renter pool and support occupancy stability. The area maintains strong amenity access with restaurant and cafe density ranking in the top quartiles nationally, supporting tenant appeal and retention potential.
Home values averaging $540,245 with 57% appreciation over five years contribute to sustained rental demand, as elevated ownership costs limit accessibility to homeownership and reinforce reliance on multifamily housing options in the submarket.
Crime metrics show the neighborhood performing above metro median levels, ranking in the top quartile among Los Angeles area neighborhoods for overall safety measures. Property crime rates have declined significantly over the past year with a 72.8% reduction, ranking in the top percentiles nationally for crime improvement trends.
Violent crime rates remain relatively low compared to regional averages, with recent data showing substantial year-over-year decreases of 96.3%. These improving safety trends support the neighborhood's appeal to long-term renters and contribute to retention dynamics for multifamily properties.
The surrounding employment corridor provides access to major corporate offices and headquarters within reasonable commuting distance, supporting workforce housing demand for the property.
- Charter Communications — telecommunications offices (6.9 miles)
- Thermo Fisher Scientific — life sciences operations (8.1 miles)
- Radio Disney — media operations (8.4 miles)
- Farmers Insurance Exchange — insurance services (8.4 miles) — HQ
- Disney — entertainment headquarters (9.0 miles) — HQ
This Panorama City asset offers exposure to a stabilized rental market with neighborhood occupancy of 97.4% ranking in the top quartile nationally. The 1987 construction vintage presents value-add renovation opportunities while benefiting from an established tenant base in a heavily rental submarket where nearly 78% of housing units are renter-occupied. Projected household growth of 28.9% over five years supports expansion of the local renter pool, while elevated home values sustain rental demand by limiting ownership accessibility.
Commercial real estate analysis from WDSuite indicates the neighborhood's urban core positioning provides strong amenity access and transportation connectivity. The property's 915 square foot average unit size aligns with local market standards, while recent crime reduction trends of over 70% support improving neighborhood fundamentals and tenant retention potential.
- Neighborhood occupancy at 97.4% ranks top quartile nationally
- Value-add potential from 1987 vintage with renovation upside
- Projected 28.9% household growth supports renter pool expansion
- Established rental market with 77.8% renter-occupied units
- Risk consideration: Below-average household incomes may impact rent growth potential