| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7901 Ventura Canyon Ave, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 2012 |
| Units | 30 |
| Transaction Date | 2014-03-26 |
| Transaction Price | $8,050,080 |
| Buyer | DSD MANAGEMENT LLC |
| Seller | GARVI LLC |
7901 Ventura Canyon Ave Panorama City Multifamily
Renter demand is supported by a high renter-occupied share and mid-90s neighborhood occupancy, according to WDSuite’s CRE market data. Newer construction relative to local stock positions the asset for competitive leasing and retention.
Located in Panorama City within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries an A- rating and ranks 273 of 1,441 locally, indicating it is competitive among Los Angeles-Long Beach-Glendale neighborhoods. Strong amenity access stands out: grocery options, cafes, and childcare facilities all register in the top decile nationally, helping support daily convenience for residents and reducing friction for leasing.
The property s 2012 vintage compares favorably to the neighborhood s older average stock (1976), suggesting relative competitiveness versus legacy assets and limiting near-term capital exposure to core systems; modernization or light repositioning may still create differentiation in this Urban Core setting.
For investors focused on tenant base depth, roughly seven in ten housing units in the neighborhood are renter-occupied, reinforcing demand for multifamily product and contributing to occupancy stability. Neighborhood occupancy trends are in the mid-90s, and median asking rents have risen over the last five years, per commercial real estate analysis from WDSuite.
Within a 3-mile radius, households have grown even as population edged lower, implying smaller household sizes and a broader count of potential leases. Forward-looking data indicates further increases in household counts alongside higher projected incomes, which can support rent growth and stabilize turnover. Elevated home values in the area and a high value-to-income landscape point to a high-cost ownership market; this typically sustains reliance on rental housing, supporting pricing power and lease retention for well-positioned assets.
Amenities are a clear strength relative to national benchmarks: restaurants, parks, and pharmacies are each above national medians, while average school ratings trend below national norms. For investors, that mix often aligns with workforce-oriented demand profiles and supports steady lease-up and renewal dynamics, even as schools may not be a primary draw.
Safety indicators are above the metro average: the neighborhood s crime ranking sits 356 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, and it performs in the 76th percentile for safety versus neighborhoods nationwide. Recent year-over-year declines in both property and violent offense estimates further improve the trend profile, according to CRE market data from WDSuite.
While no submarket is risk-free, the combination of above-median metro standing and national top-half performance suggests a supportive backdrop for resident retention and leasing. Investors should continue to monitor trend direction rather than single-year readings.
Nearby corporate employers create a broad commuter pool that supports leasing and renewals, with strong representation from media, entertainment, and life sciences. The list below highlights proximate anchors that typically contribute to steady renter demand.
- 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 (9.2 miles)
- Thermo Fisher Scientific life sciences offices (9.8 miles)
Built in 2012 with 30 units, the property offers newer construction relative to the surrounding 1970s-era stock, positioning it well against older assets while leaving room for targeted upgrades to sharpen competitiveness. Neighborhood occupancy is in the mid-90s and the renter-occupied share is high, indicating a deep tenant base and support for steady collections. Elevated home values and a high-cost ownership market tend to sustain multifamily demand, while amenity density (grocers, cafes, restaurants) ranks among national leaders, reinforcing leasing convenience.
Within a 3-mile radius, households have increased despite modest population contraction, expanding the potential renter pool. Looking ahead, projections call for additional household growth alongside income gains, which can support rent durability and measured rent growth. According to CRE market data from WDSuite, the neighborhood s operating profile sits above metro medians on several housing and amenity measures, aligning with an income-oriented hold or a light value-add strategy.
- 2012 construction competes well versus older local stock, with optional value-add for finishes and amenities.
- Mid-90s neighborhood occupancy and high renter-occupied share support demand depth and retention.
- Amenity-rich location (top-tier access to grocers, cafes, restaurants) bolsters leasing velocity.
- Household growth and projected income gains in the 3-mile radius underpin long-term rent stability.
- Risk watch: rent-to-income pressure in a high-cost ownership market requires attentive lease management and pricing discipline.