| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9237 N Van Nuys Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1988 |
| Units | 52 |
| Transaction Date | 1999-10-20 |
| Transaction Price | $2,168,000 |
| Buyer | 8900 BURNETT APARTMENTS LLC |
| Seller | NINETY TWO THIRTY THREE |
9237 N Van Nuys Blvd Multifamily Investment, Panorama City
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data. Strong amenity access and a deep renter base support leasing stability for a 52-unit asset in Los Angeles County.
Located in Panorama City within the Los Angeles-Long Beach-Glendale metro, the neighborhood is rated B and ranks 568 out of 1,441 metro neighborhoods, indicating competitive positioning for multifamily investors. Occupancy in the neighborhood is high and sits in the top quartile among 1,441 metro neighborhoods and in the upper decile nationally, supporting steady cash flow expectations rather than lease-up risk.
Amenity density is a clear strength. Restaurant and grocery access are both in the 99th percentile nationally, with pharmacies and cafes also well above national norms. For renters, this translates into daily convenience and supports retention, especially for workforce households seeking proximity to services and transit across the San Fernando Valley.
The property’s 1988 vintage is slightly newer than the neighborhood’s average 1982 construction year. That positioning helps competitiveness versus older local stock, while investors should plan for targeted modernization of aging systems and common areas to sustain rentability over a longer hold.
Tenure data indicates a high concentration of renter-occupied housing units in the neighborhood, signaling depth in the tenant base for multifamily. Within a 3-mile radius, households have grown in recent years and are projected to continue rising even as population trends modestly softer, implying smaller household sizes and a broader pool of renters entering the market. Elevated ownership costs for the area relative to incomes further reinforce reliance on multifamily housing, which can aid lease retention and support pricing power in balanced market conditions.
Safety trends should be interpreted in context. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime rank positions it below the metro median (415 out of 1,441), yet WDSuite’s national benchmarking places the area around the upper quartile for safety overall. Recent data indicate sharp year-over-year declines in both property and violent offense estimates, suggesting improving momentum. Investors should underwrite to current conditions while recognizing the positive directional trend.
The employment base nearby mixes media, telecom, life sciences, and insurance—industries that support commuter convenience and multifamily demand. Notable employers include Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Farmers Insurance Exchange.
- Charter Communications — telecom & media (6.6 miles)
- Radio Disney — media (8.6 miles)
- Disney — entertainment (9.1 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (9.2 miles)
- Farmers Insurance Exchange — insurance (9.4 miles) — HQ
This 52-unit asset benefits from a renter-heavy neighborhood with high occupancy and strong amenity access, supporting durable leasing performance. Based on CRE market data from WDSuite, the neighborhood’s occupancy is competitive among Los Angeles metro peers and compares favorably nationwide, while elevated ownership costs relative to incomes help sustain multifamily demand and retention.
Built in 1988, the property is slightly newer than the area’s average vintage, which helps positioning versus older stock. Within a 3-mile radius, households have increased and are projected to rise further even as population trends modestly down, indicating smaller household sizes and a larger tenant base over time. Investors should plan for targeted capital to modernize systems and manage potential affordability pressure, but the long-term fundamentals suggest steady demand and income resilience.
- High neighborhood occupancy and deep renter base support income stability.
- Strong daily amenities (food, grocery, services) bolster retention and leasing.
- 1988 vintage offers competitive positioning with value-add modernization potential.
- Household growth within 3 miles expands the tenant pool despite softer population trends.
- Risks: affordability pressure and ongoing safety monitoring warrant disciplined underwriting.