| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9216 Van Nuys Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1978 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9216 Van Nuys Blvd, Panorama City Multifamily Investment
In a renter-heavy Los Angeles submarket, neighborhood occupancy remains elevated, supporting steady cash flow durability according to CRE market data from WDSuite. The location’s day-to-day amenities and strong renter concentration point to resilient demand rather than lease-up risk.
Panorama City’s Urban Core setting offers dense consumer amenities that appeal to renters: grocery and restaurant concentrations rank near the top of national comparisons, while pharmacies and cafes are also abundant. This creates convenience for residents and supports leasing velocity, according to WDSuite’s CRE market data. Park access is limited within the neighborhood, which may matter for some family-oriented tenants.
Neighborhood occupancy is strong (top quartile nationally) and above the Los Angeles-Long Beach-Glendale metro median, indicating comparatively low turnover risk for stabilized assets. The area also shows a high share of renter-occupied housing units, which broadens the tenant base and can support consistent absorption for smaller floor plans.
Within a 3-mile radius, households have grown even as population edged down, with forecasts calling for additional household gains alongside smaller average household sizes. For investors, that points to a larger, more diversified renter pool and demand for flexible unit types. Median contract rents in the 3-mile area have trended upward and are projected to continue rising, reinforcing pricing power when paired with steady occupancy.
Ownership costs in the neighborhood are elevated relative to local incomes, which tends to sustain reliance on rental housing rather than quick shifts to ownership. School ratings trail national norms, a consideration for family renters, but strong amenity access and commute convenience within the San Fernando Valley help maintain renter appeal.
Safety indicators compare favorably overall versus many neighborhoods nationwide, with the area competitive among Los Angeles metro neighborhoods based on WDSuite s CRE market data. Recent year-over-year declines in both property and violent offense estimates suggest improving trends, though conditions can vary by block and time of day.
For underwriting, investors often translate these signals as supportive of renter retention, while continuing to monitor local trends and property-level measures (lighting, access control) that influence resident experience.
Nearby employers in telecommunications, media, entertainment, and insurance create a diversified white-collar employment base that supports renter demand and lease retention. The list below highlights notable names within commuting distance of Panorama City.
- Charter Communications telecommunications (6.6 miles)
- Radio Disney media (8.5 miles)
- Disney entertainment (9.1 miles) HQ
- Farmers Insurance Exchange insurance (9.4 miles) HQ
- Live Nation Entertainment entertainment (11.6 miles) HQ
Built in 1978, the property is slightly older than the neighborhood average, which points to clear value-add and capital planning opportunities around interiors, common areas, and building systems. Neighborhood fundamentals are supportive: occupancy sits in the top quartile nationally and the renter concentration is high, indicating depth of tenant demand and potential for steady renewal performance. Elevated ownership costs in the area further sustain reliance on multifamily housing. According to CRE market data from WDSuite, amenity access is strong, helping support leasing even as residents weigh school quality and limited park access.
Within a 3-mile radius, households have increased and are projected to expand further even as overall population trends lower, implying smaller household sizes and a broader renter pool. Combined with upward-trending rents and strong occupancy, the submarket backdrop favors stabilized cash flow with tactical upside from renovations and better unit merchandising.
- Strong neighborhood occupancy and high renter-occupied share support leasing stability
- 1978 vintage offers value-add potential through unit and systems upgrades
- Dense amenity base (groceries, dining, services) reinforces renter appeal and retention
- Household growth within 3 miles expands the renter pool despite modest population declines
- Risks: below-average school ratings and limited park access; budget for capex on an older asset