| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 20th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8917 Cedros Ave, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1990 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8917 Cedros Ave, Panorama City Multifamily Investment
Neighborhood occupancy has remained high with a deep renter base, according to WDSuite’s CRE market data, supporting stable leasing fundamentals for a 32-unit asset in Los Angeles County.
Positioned in Panorama City’s Urban Core, the property benefits from a renter-driven neighborhood profile and convenience retail within a dense pocket of the San Fernando Valley. Neighborhood occupancy is in the top quartile nationally while ranking above the metro median (ranked against 1,441 Los Angeles neighborhoods), a backdrop that supports steady absorption and renewal potential for mid-sized multifamily assets.
Daily needs are well covered: restaurants and cafes sit in the top quartile nationally by concentration, and pharmacies and groceries are also strong relative to most U.S. neighborhoods. However, park access is limited locally, which may modestly reduce open-space appeal compared with park-rich submarkets. Average school ratings trail national medians; investors should account for this in marketing strategy and amenity programming rather than relying on school-driven demand.
The 1990 construction is newer than the neighborhood’s typical 1979 vintage, which helps competitive positioning versus older stock. Some building systems may still warrant modernization to meet current renter expectations, but the vintage generally reduces near-term deferred maintenance risk versus 1970s-era comparables.
Within a 3-mile radius, households have grown even as overall population edged lower, and forecasts indicate additional household growth with smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability. At the same time, elevated home values compared with national norms reinforce renter reliance on multifamily housing, though lease management should balance pricing power with retention where rent-to-income ratios signal affordability pressure.
Safety indicators compare favorably to broader benchmarks without suggesting block-level conclusions. The neighborhood ranks competitive among Los Angeles neighborhoods (358 out of 1,441) and sits in the top quartile nationally, indicating comparatively stronger safety than many U.S. areas. Recent data also point to meaningful year-over-year improvements in both property and violent offense rates, according to WDSuite’s CRE market data. Investors can view this as supportive of resident retention while continuing standard diligence on property-level security and lighting.
Nearby employers span telecommunications, media and entertainment, life sciences, and insurance — a diversified base that supports workforce housing demand and commute convenience for tenants.
- Charter Communications — telecommunications (6.6 miles)
- Radio Disney — media (8.4 miles)
- Thermo Fisher Scientific — life sciences (8.9 miles)
- Disney — entertainment (9.0 miles) — HQ
- Farmers Insurance Exchange — insurance (9.1 miles) — HQ
This 32-unit asset combines a high-occupancy neighborhood, strong renter concentration, and proximity to diversified employment hubs. The 1990 vintage is newer than the area’s average stock, offering competitive positioning versus older properties while leaving room for targeted updates to enhance rents and retention. Elevated ownership costs in the area help sustain multifamily demand, though operators should calibrate renewals and amenity value to manage affordability pressure. Based on CRE market data from WDSuite, local convenience amenities are strong, while limited park access and below-median school ratings suggest focusing on in-property amenities and service quality to drive leasing.
- High neighborhood occupancy and deep renter-occupied housing base support leasing stability.
- 1990 vintage competes well against older local stock, with selective modernization upside.
- Diversified nearby employers underpin workforce housing demand and retention.
- Elevated ownership costs reinforce multifamily demand; manage renewals where rent-to-income ratios create pressure.
- Risks: limited park access and below-median school ratings; mitigate via amenity strategy and property-level experience.