| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9414 Van Nuys Blvd, Panorama City, CA, 91402, US |
| Region / Metro | Panorama City |
| Year of Construction | 1980 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9414 Van Nuys Blvd, Panorama City Multifamily Investment
Neighborhood occupancy is strong and ranks among the top tiers for Los Angeles, supporting stable cash flow potential for a 64-unit asset, according to WDSuite’s CRE market data. These indicators reflect neighborhood-level conditions, not property performance.
Panorama City’s Urban Core setting delivers day-to-day convenience that supports renter retention. Restaurant and grocery density rank among the strongest in the metro (competitive among Los Angeles neighborhoods) and sit in high national percentiles, reinforcing walkable access to essentials. Parks are comparatively limited, and average school ratings trail regional leaders, factors to weigh for family-oriented leasing strategies.
For investors, two neighborhood metrics stand out. First, the area’s occupancy ranks in the top quartile among 1,441 metro neighborhoods and in a high national percentile, signaling steady renter demand. Second, renter concentration is elevated (share of units renter-occupied), indicating depth in the tenant base and fewer lease-up headwinds for multifamily. Taken together, these are supportive of consistent leasing momentum.
Within a 3-mile radius, recent trends show modest population contraction alongside growth in the number of households and smaller average household sizes. This combination typically expands the renter pool and helps sustain occupancy, even as demographics evolve. Median contract rents have risen from prior years, and home values are elevated relative to incomes; in high-cost ownership markets, this tends to reinforce reliance on multifamily housing and can support pricing power while necessitating careful lease management.
Against metro and national CRE trends, the neighborhood’s housing and amenity scores sit above the metro median, with NOI per unit metrics competitive among peers. These comparative strengths, documented in WDSuite’s multifamily property research, suggest a workforce-oriented demand profile with resilient day-to-day convenience and durable occupancy, offset by softer school ratings and limited park access.
Safety metrics benchmark favorably: neighborhood crime measures place the area above the metro average and in the top quartile nationally, indicating comparatively safer conditions versus many U.S. neighborhoods. Recent year-over-year trends in both violent and property offenses show notable declines, according to WDSuite’s CRE market data. These are neighborhood-level indicators and can vary by block over time; investors should pair them with on-the-ground diligence.
Proximity to regional employers underpins workforce renter demand and commute convenience, led by telecommunications, media and entertainment, life sciences, and insurance offices noted below.
- Charter Communications — telecommunications (6.7 miles)
- Radio Disney — media (8.7 miles)
- Disney — entertainment (9.2 miles) — HQ
- Thermo Fisher Scientific — life sciences (9.3 miles)
- Farmers Insurance Exchange — insurance (9.5 miles) — HQ
This 64-unit asset at 9414 Van Nuys Blvd is positioned for steady operations backed by neighborhood fundamentals: occupancy sits in the top quartile locally and in a high national percentile, and the renter-occupied share is elevated, suggesting durable depth in the tenant base. Dense retail, groceries, and dining nearby provide convenience that can support retention, while major employers within a 10-mile commute broaden leasing reach.
Built in 1980, the property likely benefits from a timeless layout but should be underwritten with ongoing capital planning and targeted modernization to remain competitive against newer stock. Home values in the area are elevated relative to incomes, which tends to sustain rental demand; at the same time, rent-to-income pressures and soft school ratings indicate the need for disciplined leasing and renewal strategies. Within a 3-mile radius, households have increased even as population edged lower—pointing to smaller household sizes and a renter pool that can support occupancy, based on commercial real estate analysis from WDSuite.
- Occupancy strength: top-quartile neighborhood occupancy supports stable lease-up and renewal performance.
- Demand depth: elevated renter-occupied share indicates a large tenant base for multifamily units.
- Location fundamentals: high restaurant and grocery density and proximity to major employers aid retention.
- Value-add potential: 1980 vintage allows for targeted upgrades and systems modernization to enhance competitiveness.
- Risks: affordability pressure and lower school ratings may affect pricing power and retention; monitor demographic shifts and tailor leasing accordingly.