| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9404 Van Nuys Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1978 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9404 Van Nuys Blvd Panorama City Multifamily Investment
Neighborhood occupancy remains elevated and renter concentration is deep, supporting steady leasing fundamentals according to WDSuite’s CRE market data. In a high-cost ownership pocket of Los Angeles, these dynamics favor stable demand at the neighborhood level rather than at the individual property.
Positioned in Panorama City’s Urban Core, the property benefits from neighborhood-level fundamentals that are competitive among Los Angeles-Long Beach-Glendale neighborhoods. Restaurant and grocery density sit in the top quartile among 1,441 metro neighborhoods, and amenity access ranks above national averages, which helps sustain day-to-day convenience for residents and supports renter retention.
Neighborhood occupancy is top quartile nationally, and the share of renter-occupied housing is also top quartile among 1,441 metro neighborhoods. For investors, that depth of renter demand typically translates into a larger tenant base and supports occupancy stability through cycles, per commercial real estate analysis informed by WDSuite.
Within a 3-mile radius, households have increased even as population edged lower, indicating smaller average household sizes and a gradual shift toward more households occupying existing stock. This pattern generally expands the renter pool and can aid leasing velocity for well-managed assets.
Home values are elevated relative to incomes (high national percentile for value-to-income), reinforcing reliance on multifamily rentals and supporting pricing power. Counterbalancing factors include limited park access locally and school ratings that trend below national averages, which may require targeted amenity and service positioning to maintain competitiveness.
Safety indicators for the neighborhood compare favorably versus many U.S. areas, with overall crime levels positioned above the national safety median. Recent trends point to notable year-over-year improvements in both property and violent offense estimates, signaling constructive momentum rather than block-level guarantees. Within the Los Angeles-Long Beach-Glendale metro, the area is competitive among peer neighborhoods; investors should underwrite to continued management vigilance and standard security best practices.
Proximity to major media, telecom, insurance, and life sciences employers supports a broad commuter tenant base and underpins retention through job diversity. Nearby anchors include Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Farmers Insurance Exchange.
- Charter Communications — telecommunications (6.7 miles)
- Radio Disney — media (8.7 miles)
- Disney — media & entertainment (9.2 miles) — HQ
- Thermo Fisher Scientific — life sciences (9.3 miles)
- Farmers Insurance Exchange — insurance (9.5 miles) — HQ
This 40-unit asset, built in 1978, aligns with a neighborhood that exhibits top-quartile occupancy and a high share of renter-occupied housing, supporting a deep tenant base and durable leasing. Elevated ownership costs locally bolster multifamily demand, while strong nearby amenity density (restaurants, groceries, pharmacies) enhances day-to-day convenience and supports retention. According to WDSuite’s CRE market data, neighborhood-level occupancy outperforms national norms, suggesting stable fundamentals for assets that are competitively positioned.
The 1978 vintage points to potential value-add through modernization and systems updates, which can sharpen competitive positioning against newer stock. Consider balancing pricing strategy with local affordability pressure (higher rent-to-income dynamics) and addressing soft spots such as limited park access and modest school ratings with resident services and community-building programming.
- Top-quartile neighborhood occupancy and deep renter concentration support leasing stability
- Elevated ownership costs sustain rental reliance and pricing power potential
- Amenity-rich urban location (strong restaurant/grocery density) aids retention
- 1978 vintage offers renovation and systems-upgrade value-add pathways
- Risks: affordability pressure (rent-to-income), limited parks, and below-average school ratings