| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9127 Cedros Ave, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1992 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9127 Cedros Ave Panorama City Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, supporting screening for stable operations in this Los Angeles submarket.
Situated in Panorama City within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates a B and ranks 568 out of 1,441 metro neighborhoods — competitive among Los Angeles neighborhoods. Food and daily-needs access are a clear strength: restaurants and grocery density track in the top quartile nationally, while pharmacies are also abundant. Park access is limited, so the amenity profile skews toward retail and services rather than green space.
The area’s rental fundamentals are a core draw for multifamily investors. Neighborhood occupancy is elevated (measured for the neighborhood, not the property) and sits in the top quartile nationwide, while renter-occupied share is high for the metro, indicating a sizable tenant base that can support leasing stability. Median rents in the neighborhood have outperformed over the past five years, per WDSuite’s commercial real estate analysis, suggesting durable renter demand.
Vintage matters at the asset level: built in 1992, the property is newer than the neighborhood’s average 1982 construction year. That positioning can help competitiveness versus older stock, though investors should still underwrite selective modernization or system updates to sustain leasing and rent trade-outs over a hold period.
Demographics aggregated within a 3-mile radius show a modest population dip alongside an increase in households and smaller household sizes over time. This shift can expand the renter pool by adding more households relative to residents, supporting occupancy stability even as population growth is flat to slightly negative. Elevated home values relative to incomes in the neighborhood (high-value ownership market) further reinforce reliance on multifamily rentals; however, rent-to-income levels point to some affordability pressure, making retention and lease management important for risk control.
Schools in the area average below mid-tier ratings, which may modestly narrow family-oriented demand, but the broader amenity mix and commuter access across the Valley support workforce housing dynamics. Overall, investors should view the location as service- and retail-rich with strong renter demand, balanced by affordability and school-quality considerations.
Safety trends are mixed but improving in key categories. The neighborhood’s overall crime profile ranks 415 out of 1,441 Los Angeles metro neighborhoods, translating to above-metro-average performance and roughly top-quartile safety nationally. Property offense levels track near midrange nationally, while violent offense indicators are closer to national averages; notably, both categories show sharp year-over-year improvement according to WDSuite’s CRE market data.
For investors, the takeaway is a generally improving environment relative to national benchmarks, with conditions that compare favorably to many peer submarkets across the region. As always, underwriting should focus on property-level security features and operational practices to align with tenant expectations and support retention.
Nearby corporate nodes across the Valley and Westside underpin a diverse employment base that supports renter demand and commute convenience, including Charter Communications, Radio Disney, Thermo Fisher Scientific, The Walt Disney Company, and Farmers Insurance.
- Charter Communications — telecommunications (6.7 miles)
- Radio Disney — media (8.6 miles)
- Thermo Fisher Scientific — life sciences (9.0 miles)
- Disney — media & entertainment (9.2 miles) — HQ
- Farmers Insurance Exchange — insurance (9.2 miles) — HQ
This 21‑unit, 1992-vintage asset benefits from a high-renter neighborhood with elevated occupancy and strong daily-needs access. Newer vintage relative to local stock can provide a competitive edge on unit quality and systems, while the surrounding ownership market’s higher home values tend to sustain reliance on rentals and support long-run demand depth.
Based on CRE market data from WDSuite, neighborhood occupancy remains elevated and renter concentration is high (measured for the neighborhood, not the property), pointing to a large tenant base. Demographic patterns within a 3‑mile radius indicate more households even as population growth is flat to slightly negative, which can support lease-up and retention; investors should balance this with affordability pressures and school quality considerations when setting rent strategies and capex plans.
- Elevated neighborhood occupancy and deep renter base support leasing stability
- 1992 vintage is newer than area average, offering competitive positioning with targeted upgrades
- Strong access to groceries, restaurants, and services reinforces renter appeal
- High-cost ownership market bolsters multifamily demand and pricing power potential
- Risks: affordability pressure, below-average school ratings, and the need to manage safety and retention