| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8770 Van Nuys Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1977 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8770 Van Nuys Blvd Panorama City Multifamily Investment
Neighborhood fundamentals show high renter concentration and steady occupancy, according to WDSuite’s CRE market data. For investors, this points to durable demand drivers in Panorama City supported by amenity density and a deep tenant base.
Located in Los Angeles’ San Fernando Valley, the neighborhood around 8770 Van Nuys Blvd rates a B and is classified as Urban Core. Occupancy in the neighborhood is strong and placed in the top quartile among 1,441 metro neighborhoods, a positive indicator for multifamily stability. The stock around the asset skews slightly newer on average than the property itself, positioning a 1977 vintage for value-add and capital planning to keep pace with competitive product.
Amenity access is a core strength. The area ranks competitively for restaurants and groceries within the Los Angeles metro (restaurant density near the top of 1,441 neighborhoods and groceries similarly strong) and sits in high national percentiles for these categories. Caffeine, pharmacy, and childcare options also test well nationally, supporting day-to-day livability and renter retention. Park access is limited, so outdoor space programming or nearby recreation alternatives may matter for leasing.
Tenure patterns in the neighborhood are favorable to multifamily: renter-occupied units account for a high share and rank in the top quartile among 1,441 metro neighborhoods, indicating depth in the tenant pool and potential lease-up resilience. Median asking rents in the neighborhood are above many national peers, while occupancy remains firm—signaling demand outpacing supply at present. Elevated home values locally point to a high-cost ownership market, which tends to sustain rental reliance and supports pricing power for well-positioned assets.
Within a 3-mile radius, WDSuite data shows households have grown even as population edged lower, implying smaller household sizes and a broader count of renting decision-makers—constructive for absorption. Median and mean incomes have risen meaningfully in recent years, and forward estimates point to continued income gains alongside higher projected asking rents, which, paired with the area’s amenity base, can support occupancy stability and measured rent growth management.
Safety metrics for the neighborhood compare favorably at a national level, with overall conditions testing stronger than many U.S. neighborhoods (high national percentile). Recent year-over-year trends indicate marked declines in both violent and property offense estimates, placing the area among faster-improving cohorts nationwide, based on WDSuite’s CRE market data.
Compared with the broader Los Angeles metro’s 1,441 neighborhoods, current readings suggest the neighborhood performs better than many peers and is moving in a positive direction. As always, investors should assess property-level measures and management practices, but the directional improvement and solid national standing provide useful context for underwriting.
The employment base nearby blends media, communications, insurance, and life sciences—supporting a wide renter pool and commute-friendly demand for workforce and mid-market units. Notable employers include Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Farmers Insurance Exchange.
- Charter Communications — communications (6.4 miles)
- Radio Disney — media (8.1 miles)
- Disney — media & entertainment (8.7 miles) — HQ
- Thermo Fisher Scientific — life sciences (9.0 miles)
- Farmers Insurance Exchange — insurance (9.2 miles) — HQ
This 22-unit, 1977-vintage asset sits in a Los Angeles Urban Core neighborhood where occupancy in the neighborhood is among the metro’s top quartile and renter concentration is high—both supportive of consistent leasing. The vintage implies potential value-add through interiors, systems, and curb appeal to remain competitive against slightly newer area stock. Elevated home values in the neighborhood reinforce renter reliance on multifamily, while robust amenity density (restaurants, groceries, daily services) bolsters retention and day-to-day livability. According to commercial real estate analysis from WDSuite, household counts within 3 miles have increased despite modest population contraction, expanding the base of potential renters and supporting occupancy stability.
Underwriting should account for affordability pressure (rent-to-income readings indicate careful lease management) and local constraints such as limited park access and modest average school ratings. Even so, improving safety trends and a diversified employer base across media, communications, insurance, and life sciences provide demand depth. Executed as a targeted renovation and operations play, the asset can leverage neighborhood stability and amenity strengths while managing the identified risks.
- Neighborhood occupancy ranks in the metro’s top quartile, supporting leasing stability
- 1977 vintage offers value-add and capital planning opportunities versus slightly newer local stock
- High-cost ownership market sustains multifamily demand and pricing power for well-positioned units
- Within 3 miles, rising household counts expand the renter base despite flat-to-down population
- Risks: affordability pressure, limited park access, and modest average school ratings require proactive management