| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 43rd | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8465 Ventura Canyon Ave, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1989 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8465 Ventura Canyon Ave, Panorama City Multifamily Investment
Neighborhood renter demand is supported by full occupancy levels and a deep local tenant base, according to WDSuite’s CRE market data. Expect steady leasing fundamentals relative to the Los Angeles metro, with pricing influenced by an urban amenity set and higher ownership costs nearby.
The property sits in an Urban Core pocket of Panorama City within the Los Angeles-Long Beach-Glendale metro, where neighborhood indicators point to durable renter demand. Cafes and restaurants are dense by national standards (top quartile nationally), and pharmacy access is similarly strong. Grocery access is competitive among Los Angeles neighborhoods, which supports daily convenience for residents. Childcare and park counts are limited in the immediate neighborhood, which may modestly shape the resident profile toward working adults and older households.
Average neighborhood construction skews older (early 1960s), while this asset’s 1989 vintage is newer than much of the surrounding stock. For investors, that typically means better baseline competitiveness versus mid‑century buildings, with potential to drive returns through targeted modernization and systems upgrades rather than full gut renovations.
Within a 3-mile radius, demographics show a renter-occupied share near six in ten housing units, indicating a meaningful renter concentration and a broad tenant base for multifamily. Over the last five years, household counts increased even as population edged down, suggesting smaller household sizes and demographic shifts that can support consistent absorption of rental units. Forward-looking data points to continued growth in households within this radius, which can expand the renter pool and aid occupancy stability.
Home values in the neighborhood are elevated versus national norms, reinforcing reliance on multifamily for many households and supporting lease retention. Neighborhood asking rents also trend above national levels, so operators should balance pricing with income trends to sustain occupancy and manage renewal risk.
Safety trends are mixed in a metro context but comparatively favorable versus many neighborhoods nationwide. The area ranks toward the higher-crime side within the Los Angeles metro (lower rank values indicate more crime), yet national percentiles place the neighborhood in a relatively safer position compared with most U.S. neighborhoods. Recent data also indicates notable year-over-year declines in both property and violent offense estimates, which, if sustained, can support renter retention and operating stability.
Proximity to major corporate offices underpins commuting convenience and helps sustain renter demand, led by media, entertainment, telecom, and life sciences employers noted below.
- Charter Communications — telecom & media operations (5.2 miles)
- Radio Disney — media offices (7.1 miles)
- Disney — entertainment studios (7.6 miles) — HQ
- Live Nation Entertainment — entertainment offices (9.8 miles)
- Thermo Fisher Scientific — life sciences (9.9 miles)
This 26-unit 1989-vintage asset offers relative competitiveness versus older neighborhood stock and a location with dense daily amenities. Neighborhood occupancy is currently full, and within a 3-mile radius the renter-occupied share is sizable with household counts rising over the last five years—factors that support a larger tenant base and consistent leasing. Elevated home values nearby tend to sustain reliance on rental housing, while neighborhood rents above national levels point to pricing power when paired with careful lease management.
For investors, the combination of a deep renter pool, proximity to diversified employers, and a vintage that can benefit from targeted upgrades supports a value-add or durable cash-flow thesis. According to CRE market data from WDSuite, these fundamentals compare well against national benchmarks, though operators should calibrate rent growth to incomes to manage affordability pressure and renewal risk.
- 1989 vintage offers competitive positioning versus older neighborhood stock with targeted modernization upside
- Full neighborhood occupancy and a sizable renter base within 3 miles support leasing stability
- Dense amenity access and nearby employers reinforce demand and retention
- Elevated ownership costs locally bolster reliance on multifamily housing
- Risk: higher relative crime within the metro and rent-to-income considerations require disciplined pricing and operations