| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 43rd | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8014 Woodman Ave, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2002-05-31 |
| Transaction Price | $1,900,000 |
| Buyer | 6640 DARBY LLC |
| Seller | WOODMAN 24 PARTNERSHIP |
8014 Woodman Ave, Panorama City Multifamily Investment
Neighborhood-level occupancy is among the strongest in the Los Angeles metro, supporting income stability for well-managed assets, according to WDSuite’s CRE market data. These dynamics, measured for the neighborhood rather than the property, suggest durable renter demand in Panorama City.
Panorama City’s Urban Core setting offers daily-needs convenience and a broad renter base that supports leasing durability. Amenity access is a relative strength: the neighborhood is competitive among Los Angeles neighborhoods (ranked 456 of 1,441) with top-quartile density for cafes and restaurants (ranks 20 and 163 of 1,441), plus strong grocery and pharmacy access (ranks 532 and 143 of 1,441). Park space and formal childcare centers are limited (both ranked 1,441 of 1,441), which investors should weigh when positioning for families.
Neighborhood occupancy is at the top of the metro (ranked 1 of 1,441), indicating exceptionally tight local leasing conditions. Median rents in the area sit in the upper tiers nationally, and the rent-to-income ratio trends near the lower end of national readings, providing some pricing flexibility for disciplined operators. Elevated home values relative to incomes (high value-to-income ratio) create a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can support retention.
Within a 3-mile radius, households have risen in recent years with projections calling for further household growth alongside smaller average household sizes. This typically expands the renter pool and supports occupancy stability for a range of unit types. The area shows a majority of housing units as renter-occupied within the 3-mile radius, signaling depth in tenant demand for multifamily assets.
Vintage matters for competitive positioning. The property’s 1977 construction is newer than the neighborhood’s older housing stock (average year 1962), which can offer a relative edge versus mid-century assets while still warranting targeted system updates or modernization to meet current renter expectations. Based on commercial real estate analysis from WDSuite, these fundamentals point to steady demand drivers that favor disciplined, operations-focused strategies.
Safety metrics present a mixed but improving picture. Within the Los Angeles metro, the neighborhood’s crime rank (75 of 1,441) indicates higher reported crime than many local peers, whereas national comparisons show stronger relative positioning with safety measures in the upper percentiles nationwide. Recent WDSuite indicators show notable year-over-year declines in estimated violent and property offenses, which, if maintained, would be constructive for tenant retention and leasing.
Investors should underwrite with neighborhood-level averages in mind rather than block-by-block assumptions, and consider enhancements such as lighting, access controls, and community engagement to support tenant experience and reduce turnover risk.
The area draws from a diversified employment base in media, entertainment, telecom, and life sciences, supporting commuter convenience and a broad tenant pipeline from nearby offices at Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Thermo Fisher Scientific.
- Charter Communications — telecommunications (5.1 miles)
- Radio Disney — media (6.7 miles)
- Disney — media & entertainment (7.3 miles) — HQ
- Live Nation Entertainment — entertainment (9.4 miles)
- Thermo Fisher Scientific — life sciences (9.7 miles)
8014 Woodman Ave benefits from tight neighborhood occupancy, strong daily-needs access, and a large renter pool drawn from nearby employment centers. The 1977 vintage is newer than much of the local housing stock, offering competitive positioning versus older assets while leaving room for targeted renovations to enhance rents and retention. High home values and upper-tier neighborhood rents, coupled with a relatively modest rent-to-income position, support ongoing multifamily demand and lease stability.
According to CRE market data from WDSuite, household counts within 3 miles are projected to rise as average household sizes decrease, a combination that typically expands the renter base and supports stabilized operations. Key underwriting considerations include metro-comparative safety readings and limited park/childcare amenities, which argue for thoughtful property-level improvements and tenant-experience programs.
- Tight neighborhood occupancy and durable renter demand support income stability
- 1977 vintage newer than area average, with selective value-add and modernization potential
- High-cost ownership market reinforces multifamily reliance and retention
- Diverse nearby employment nodes underpin leasing and reduce vacancy risk
- Risk: Metro-comparative safety and limited parks/childcare warrant proactive management and amenities