| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7717 Ventura Canyon Ave, Panorama City Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite’s CRE market data. Elevated ownership costs in Los Angeles help support leasing power for well-maintained assets in Panorama City.
Panorama City’s urban-core setting offers strong day-to-day convenience, with grocery and cafe density ranking in the upper tier nationally and competitive among 1,441 Los Angeles metro neighborhoods. The area’s neighborhood rating places it in the top quartile locally, signaling balanced livability and amenity access that supports resident retention.
Renter-occupied housing makes up a large share of neighborhood units, indicating depth in the tenant base and reinforcing demand for multifamily. Neighborhood occupancy is above national mid-range levels and has been relatively steady, helping leasing stability and reducing downtime risk compared with weaker submarkets.
Within a 3-mile radius, households have grown over the last five years and are projected to rise further as average household size trends lower, implying a larger renter pool and support for absorption. Median incomes have stepped higher, and rents are projected to continue advancing, which can aid top-line growth while still requiring attention to affordability and lease management.
Home values are elevated for the region, a high-cost ownership backdrop that typically sustains reliance on rental housing and can underpin pricing power for competitive assets. Public school ratings trend below national averages, a consideration for family-oriented leasing strategies but less critical for workforce- and young-professional demand segments. For investors conducting multifamily property research, WDSuite’s data also points to strong neighborhood NOI per unit relative to national benchmarks.
Safety indicators compare favorably overall. The neighborhood sits in the top quartile nationally for lower crime, and its rank is competitive among Los Angeles neighborhoods (356 out of 1,441). Recent WDSuite data shows property and violent offense estimates declining materially year over year, suggesting improving conditions relative to prior periods. As with any urban-core location, monitoring trends block-by-block over time remains prudent.
The area draws from a broad entertainment and corporate employment base that supports renter demand and commute convenience, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Farmers Insurance Exchange.
- Charter Communications — corporate offices (4.9 miles)
- Radio Disney — corporate offices (6.4 miles)
- Disney — corporate offices (7.0 miles) — HQ
- Live Nation Entertainment — corporate offices (9.0 miles)
- Farmers Insurance Exchange — corporate offices (10.1 miles) — HQ
7717 Ventura Canyon Ave is a 57-unit asset built in 1973, older than the neighborhood’s average vintage. That age profile points to near- and medium-term capital planning and potential value-add through modernization to enhance competitive positioning against newer product. The surrounding neighborhood benefits from a high share of renter-occupied housing and above-median occupancy, supporting demand depth and leasing durability.
According to CRE market data from WDSuite, elevated for-sale home values in the area reinforce reliance on multifamily, while 3-mile demographics show rising household counts and smaller average household sizes over time—factors that can expand the renter pool and support occupancy stability. Key considerations include below-average school ratings and affordability pressure typical of high-cost ownership markets, which call for disciplined rent setting and retention-focused operations.
- Older 1973 vintage offers value-add and renovation upside with thoughtful capex
- High renter concentration and solid neighborhood occupancy support leasing stability
- Elevated ownership costs in Los Angeles bolster multifamily demand and pricing power
- 3-mile household growth and smaller household sizes expand the potential renter base
- Risks: lower average school ratings and affordability pressure require careful lease management