| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7717 Ventura Canyon Ave, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1973 |
| Units | 57 |
| Transaction Date | 2015-06-08 |
| Transaction Price | $7,500,000 |
| Buyer | VENTUR LLC |
| Seller | 7717 VENTURA CANYON LLC |
7717 Ventura Canyon Ave Panorama City CA Multifamily Investment
Neighborhood-level occupancy is resilient and renter demand is deep, according to WDSuite’s CRE market data, supporting stable performance for a 57-unit asset. Elevated ownership costs in the area tend to sustain reliance on rentals, which can aid retention and pricing discipline.
The property sits in an Urban Core pocket of Panorama City that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods, reflecting strong location fundamentals. Amenity access is a differentiator: cafes, childcare, groceries, and restaurants all benchmark in the 90th percentile or better nationally, which helps with day-to-day convenience and leasing appeal for working households.
Renter concentration is high at the neighborhood level, with roughly seven in ten housing units renter-occupied. For investors, that depth of renter-occupied stock points to a broad tenant base and supports leasing velocity. Neighborhood occupancy trends also sit above the national median, a constructive backdrop for maintaining stabilized rent rolls.
Within a 3-mile radius, households have increased in recent years and are projected to grow further even as average household size trends lower. That combination typically expands the pool of renters seeking smaller units and can support occupancy stability. Median incomes have risen and are projected to grow, which, alongside expected rent growth, suggests capacity for managed rent steps where unit quality and amenities justify it.
Home values in the neighborhood are elevated (mid-90s national percentile) and value-to-income ratios are among the highest nationally. In practice, this creates a high-cost ownership market and tends to reinforce reliance on multifamily housing, supporting demand depth and potential lease retention. Average school ratings are below the national median; investors should underwrite this as a modest headwind for family renters and emphasize unit finishes, safety, and convenience in the resident value proposition.
The 1973 vintage is slightly older than the neighborhood average year built. That typically implies capital planning for systems, common areas, and unit turns; it also presents value-add potential where renovations can position the asset competitively against newer product while leveraging the area’s strong amenity access and renter demand.
Neighborhood safety indicators benchmark above the national median overall, and recent year-over-year trends show notable declines in both property and violent offense rates, according to WDSuite’s data. These improvements are constructive for resident retention and leasing, though investors should still underwrite security, lighting, and access control consistent with an urban Los Angeles location.
Compared with neighborhoods nationwide, the area’s crime profile sits in the upper tiers for safety, with improvement momentum that aligns with trends seen in competitive Los Angeles neighborhoods. As always, localized conditions can vary by block; a site visit and review of recent incident trends are prudent when finalizing assumptions.
Proximity to major media, entertainment, and communications employers supports a sizable renter pool seeking commute convenience. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Farmers Insurance Exchange.
- Charter Communications — telecommunications (4.9 miles)
- Radio Disney — media (6.4 miles)
- Disney — entertainment (7.0 miles) — HQ
- Live Nation Entertainment — entertainment (9.0 miles)
- Farmers Insurance Exchange — insurance (10.1 miles) — HQ
7717 Ventura Canyon Ave offers a 57-unit, 1973-vintage asset positioned in a top-quartile Los Angeles metro neighborhood with strong amenity density and a high share of renter-occupied housing. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends are above national medians, while elevated home values indicate a high-cost ownership market that typically sustains multifamily demand. The vintage suggests clear value-add upside via targeted renovations and system upgrades to compete effectively with newer stock.
Within a 3-mile radius, households have grown and are projected to increase meaningfully as average household size declines—conditions that generally expand the renter base and support leasing. Income gains are expected to continue, offering room for measured rent steps when paired with improvements. Investors should balance these positives against affordability pressure (higher rent-to-income ratios) and below-median school ratings by emphasizing resident experience, unit quality, and operational discipline.
- Top-quartile LA metro location with strong amenity access and deep renter base
- Neighborhood occupancy above national median supports stabilized cash flows
- High-cost ownership market reinforces multifamily demand and potential retention
- 1973 vintage offers value-add potential; plan for systems and common-area upgrades
- Risks: affordability pressure and below-median school ratings require prudent underwriting