| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 20th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9009 Cedros Ave, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1976 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9009 Cedros Ave Panorama City Multifamily Investment
Neighborhood occupancy is strong and historically durable, according to WDSuite’s CRE market data, supporting consistent cash flow potential for well-managed assets in this pocket of Los Angeles. The focus here is depth of renter demand and convenient access to jobs across the San Fernando Valley.
Panorama City is an Urban Core neighborhood with a B- rating where renter demand is a defining feature. The neighborhood s occupancy is in the top quartile nationally and ranks above the metro median (351 out of 1,441 Los Angeles neighborhoods), suggesting stable leasing conditions for multifamily investors. A high renter concentration at the neighborhood level (share of housing units that are renter-occupied) underpins a deeper tenant base and supports absorption across a range of unit sizes.
Daily-life amenities are a relative strength: restaurants and cafes are dense by regional standards, and grocery and pharmacy access scores above most neighborhoods nationwide. Park access is limited, which may be a consideration for family-oriented tenants seeking outdoor space. Average school ratings in the area are below the national midpoint, which can influence unit mix and retention strategies for households with school-age children.
Vintage matters for underwriting. Built in 1976, the property is slightly older than the neighborhood s average construction year (1979), pointing to potential capital planning for systems and interiors. That positioning can also create value-add opportunities where renovations improve competitive standing versus nearby stabilized stock.
Within a 3-mile radius, household counts have increased and are projected to rise further even as population trends soften, indicating smaller household sizes and a steady expansion of the renter pool. Median contract rents in the 3-mile radius have risen over the past five years and are projected to continue climbing, supporting revenue growth assumptions when paired with prudent lease management.
Ownership costs in the neighborhood are elevated relative to incomes, which tends to sustain reliance on multifamily rentals and can support pricing power for well-amenitized, professionally managed assets. At the same time, higher rent-to-income levels call for attention to renewals and concessions to preserve occupancy stability.
Safety indicators compare favorably to many U.S. neighborhoods. The area stands above the national midpoint for both property and violent offense rates, and it is competitive among Los Angeles neighborhoods (crime rank 358 out of 1,441). Recent year-over-year trend data points to improving conditions, which can help leasing and renewal conversations without relying on block-level claims.
As always, investors should underwrite with local diligence and time-of-day patterns in mind, using comparative metrics as context rather than absolutes.
Proximity to a diverse employment base in the San Fernando Valley supports renter demand and commute convenience, notably in telecommunications, media and entertainment, life sciences, and insurance. Key nearby employers include Charter Communications, Radio Disney, Thermo Fisher Scientific, Disney, and Farmers Insurance Exchange.
- Charter Communications telecommunications (6.7 miles)
- Radio Disney media (8.5 miles)
- Thermo Fisher Scientific life sciences (8.9 miles)
- Disney entertainment (9.1 miles) HQ
- Farmers Insurance Exchange insurance (9.1 miles) HQ
This 70-unit, 1976-vintage asset in Panorama City is positioned in a renter-heavy neighborhood with top-quartile occupancy nationally, supporting steady leasing and retention. Based on CRE market data from WDSuite, neighborhood-level indicators show dense amenities and employer access balanced by limited park space and below-average school ratings, which suggests the property competes best on convenience, unit functionality, and professional management.
Households within a 3-mile radius have been increasing and are projected to grow further even as population trends soften, pointing to smaller household sizes and a broader renter pool. Elevated ownership costs in the neighborhood reinforce reliance on multifamily housing, while higher rent-to-income levels argue for proactive renewal strategies. The 1976 vintage may open a viable value-add path via systems upgrades and interior renovations to defend occupancy and capture rent growth.
- Renter-heavy neighborhood with top-quartile occupancy supporting stable lease-up and renewals
- 3-mile household growth and employer proximity expand the tenant base and support demand
- 1976 vintage presents value-add potential through targeted renovations and systems updates
- Elevated ownership costs sustain multifamily reliance, aiding pricing power for well-managed units
- Risks: limited park access, below-average school ratings, and rent-to-income pressure require careful lease management