| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7817 Ventura Canyon Ave, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1973 |
| Units | 26 |
| Transaction Date | 2019-04-24 |
| Transaction Price | $3,944,500 |
| Buyer | SILVAN LLC |
| Seller | KALIOUNDJI ADAL V |
7817 Ventura Canyon Ave Panorama City Multifamily Investment
Neighborhood indicators point to durable renter demand and consistent occupancy, according to WDSuite s CRE market data, with a majority of nearby housing units renter-occupied. For investors, the submarket s amenity access and competitive positioning support leasing stability over a full cycle.
Rated A- and ranked 273 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, this area is competitive among metro peers and offers Urban Core fundamentals that appeal to workforce and middle-income renters. Amenity density is a clear strength: grocery, cafes, restaurants, childcare, parks, and pharmacies all track in high national percentiles, supporting day-to-day livability and tenant retention.
Neighborhood occupancy is in the upper tier nationally, and rents benchmark above the U.S. median, signaling sustained renter demand rather than transient, lease-up spikes. The local renter-occupied share is elevated, indicating depth in the tenant base and a broader pool for renewals and backfilling units. Median home values in the neighborhood sit in a high national percentile, a high-cost ownership backdrop that generally reinforces reliance on multifamily rentals and can support pricing power with careful lease management.
Within a 3-mile radius, demographic data show stable-to-soft population trends alongside an increase in household counts and smaller average household sizes by 2028. For investors, more households with modest population drift typically means a larger tenant base formed by smaller households, which can support occupancy stability and steady absorption of right-sized units.
The property s 1973 vintage is slightly older than the neighborhood s average stock (mid-1970s). That age profile suggests planning for capital expenditures and potential value-add through interior and common-area updates, positioning the asset competitively against newer deliveries while addressing systems and finishes typical of this era.
School ratings trend below national averages and median household incomes in the neighborhood trail the U.S. median, which can introduce affordability pressure for some renter cohorts. For underwriting, consider conservative rent growth assumptions and a focus on retention programs that align with local income bands.
Safety metrics compare favorably to many neighborhoods nationwide, with overall indicators landing above the national midpoint. Recent year-over-year data show notable declines in both violent and property offense estimates, which, if sustained, would be supportive of leasing and retention. As with most urban Los Angeles submarkets, conditions can vary by block; investors should evaluate property-level measures and recent trendlines rather than single-point estimates.
Proximity to major corporate employers helps support renter demand and commute convenience for residents, with concentrations in media, entertainment, and corporate services. The list below highlights nearby anchors most likely to influence leasing depth in this submarket.
- Charter Communications corporate offices (4.9 miles)
- Radio Disney corporate offices (6.5 miles)
- Disney corporate offices (7.1 miles) HQ
- Live Nation Entertainment corporate offices (9.7 miles) HQ
- Thermo Fisher Scientific corporate offices (9.8 miles)
This 26-unit, 1973 asset in Panorama City benefits from Urban Core dynamics: high amenity access, an elevated renter-occupied housing share at the neighborhood level, and neighborhood occupancy that trends above the national midpoint. High home values relative to incomes in the area tend to sustain rental reliance, supporting pricing power when paired with disciplined lease management. According to CRE market data from WDSuite, neighborhood rents sit in higher national percentiles while occupancy remains competitive among Los Angeles metro neighborhoods a combination that typically underpins stable cash flows through cycles.
Forward-looking demographics within a 3-mile radius point to a meaningful increase in household counts and smaller average household sizes, expanding the pool of prospective renters for modest-sized units. The 1973 vintage introduces value-add potential via interior modernization and systems upgrades; prudent capital planning can enhance competitive positioning against newer product without overextending on scope.
- Competitive Urban Core location with strong amenity access and a large renter base supporting demand depth
- Neighborhood occupancy and rent positioning support stable cash flow, per WDSuite s CRE market data
- Value-add potential from 1973 vintage via targeted renovations and building systems upgrades
- Household growth within 3 miles and smaller household sizes expand the tenant pool for right-sized units
- Risks: affordability pressure relative to incomes, below-average school ratings, and typical capex needs for 1970s construction