| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9147 Van Nuys Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1988 |
| Units | 21 |
| Transaction Date | 2018-07-18 |
| Transaction Price | $4,300,000 |
| Buyer | STOCKPORT INVESTMENTS LLC |
| Seller | ZASLOW DAVID |
9147 Van Nuys Blvd Panorama City Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data, making this location a defensible hold in the San Fernando Valley. The takeaway for investors is durable leasing supported by a deep renter base rather than outsized short-term growth.
This Urban Core neighborhood in Los Angeles County carries a B rating and performs above the metro median (ranked 568 of 1,441 Los Angeles neighborhoods). Amenity density is a strength: restaurants and grocery options sit in the 99th percentile nationally, with pharmacies and cafes also well above national norms. Limited park access is a known gap, which may place more emphasis on private on-site amenities for competitive positioning.
For multifamily operations, neighborhood occupancy is elevated at 97.8% (top quartile nationally and competitive among Los Angeles neighborhoods at rank 287 of 1,441), and the renter-occupied share is high at 69.7% (top quartile in the metro at rank 181 of 1,441). Median contract rents in the area are above national levels and have grown meaningfully over five years, supporting pricing power when paired with consistent tenant demand. Based on multifamily property research from WDSuite, average NOI per unit in the neighborhood is also above national norms, reinforcing stable performance expectations.
Within a 3-mile radius, demographic statistics show households have grown modestly over the past five years and are projected to increase materially, even as population trends drift lower—indicating smaller average household sizes and a broader renter pool. The renter share around the property remains slightly above 50%, supporting a steady tenant base and lease-up resilience.
Home values in the neighborhood sit well above national medians (84th percentile), creating a high-cost ownership market that tends to sustain reliance on rentals and support retention. That said, a rent-to-income ratio near the higher end for the region suggests some affordability pressure, which calls for attentive lease management and renewal strategies. School ratings are below the national midpoint, an operational consideration for family-oriented product but not a primary demand driver in this amenity-rich, commuter-friendly pocket.
Safety indicators are mixed but improving. The neighborhood scores above average nationally (approximately top quartile nationwide), while within the Los Angeles metro it trails the safest sub-areas (crime rank 415 out of 1,441 neighborhoods). Year-over-year, both violent and property offense estimates show sharp declines, with improvement rates among the strongest nationally, according to WDSuite’s CRE data. Investors should view this as a positive trend while recognizing that block-level conditions vary.
Nearby corporate employers support a broad white-collar and media/technology workforce, underpinning renter demand through commute convenience. The list below highlights key anchors within a roughly 6–10 mile radius that can aid leasing depth and retention.
- Charter Communications — telecommunications (6.6 miles)
- Radio Disney — media (8.5 miles)
- Disney — entertainment (9.1 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (9.2 miles)
- Farmers Insurance Exchange — insurance (9.4 miles) — HQ
Built in 1988, this 21-unit asset is slightly newer than the neighborhood average vintage, offering competitive positioning versus older stock while leaving room for targeted renovations and systems modernization. Neighborhood occupancy is in the top quartile nationally with a deep renter-occupied share, and home values are elevated relative to national levels—factors that collectively support demand, retention, and pricing discipline. According to commercial real estate analysis from WDSuite, the local NOI profile and amenity density are favorable, while school quality and limited parks are operational considerations rather than thesis drivers.
Within a 3-mile radius, households have increased and are projected to grow further even as population trends ease, implying smaller households and a broader renter pool that can sustain leasing. Affordability pressure is present, so asset plans should emphasize renewals, value-oriented upgrades, and expense control to protect margins through cycles.
- Top-quartile neighborhood occupancy and high renter concentration support leasing stability
- 1988 vintage presents value-add and systems modernization potential versus older local stock
- Amenity-rich location and proximity to major employers bolster demand and retention
- Risks: higher rent-to-income ratios and lower school ratings call for prudent renewals and expense control