| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10856 W Bluffside Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1985 |
| Units | 51 |
| Transaction Date | 2019-03-26 |
| Transaction Price | $2,850,000 |
| Buyer | DISKIN MIRIAM MANDEL |
| Seller | KADAR ILONA |
10856 W Bluffside Dr Studio City Multifamily Investment
Neighborhood-level fundamentals point to durable renter demand supported by strong amenities and a high share of renter-occupied units, according to WDSuite’s CRE market data. Stability is helped by top-tier retail and dining density in Studio City, while ownership costs in Los Angeles County tilt households toward multifamily housing.
Studio City’s amenity base is a core draw for tenants. The neighborhood places in the upper tier for groceries, restaurants, cafes, parks, and pharmacies (nationally high percentiles), indicating daily convenience and lifestyle appeal that support leasing velocity and resident retention. School ratings are around the national midpoint, which keeps the focus on adult-oriented demand drivers typical of an Urban Core location.
From an investor perspective, the neighborhood’s renter-occupied share is among the highest in the metro (ranked 96 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods), signaling a deep tenant pool for multifamily. Median contract rents sit in the higher national percentiles, yet the area’s home values are also elevated, reinforcing reliance on rentals and supporting pricing power for well-maintained assets.
Demographic statistics are aggregated within a 3-mile radius: recent years show modest softness in population and household counts, but forward-looking projections indicate renewed population growth and an increase in households, which would expand the renter pool and support occupancy stability. Household incomes trend higher than many U.S. neighborhoods, adding depth to the prospective tenant base for quality units.
Operationally, neighborhood occupancy has been stable in recent years, and NOI per unit benchmarks are strong on a national basis, suggesting competitive performance potential for well-run assets. Given the property’s 1985 construction—slightly newer than the local average vintage—capital plans that prioritize systems updates and selective interior modernization can enhance positioning against older stock while managing long-term maintenance.
Safety indicators compare favorably in context. The neighborhood’s crime ranking is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 357 out of 1,441), and national comparisons place it in a stronger-than-average percentile. This relative positioning supports tenant retention and leasing for professionally managed multifamily.
According to WDSuite’s data, estimated rates for both violent and property offenses have declined year over year, reinforcing a positive directional trend. As always, investors should assess property-level security practices and block-by-block conditions, but the broader neighborhood trend is a constructive backdrop for long-term operations.
Proximity to major entertainment and media employers underpins workforce housing demand and commute convenience for renters. Notable nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — corporate offices (1.7 miles)
- Disney — corporate offices (2.7 miles) — HQ
- Charter Communications — corporate offices (4.3 miles)
- Live Nation Entertainment — corporate offices (4.9 miles) — HQ
- Activision Blizzard Studios — corporate offices (5.4 miles)
10856 W Bluffside Dr offers investors exposure to an Urban Core location where renter demand is supported by high amenity density, elevated home values, and a large share of renter-occupied units. Neighborhood occupancy has been steady, and, according to CRE market data from WDSuite, rents sit in higher national percentiles, pointing to pricing potential for well-managed assets.
Built in 1985, the asset is slightly newer than the neighborhood’s average vintage, which can confer competitive positioning versus older stock while still warranting capital planning for aging systems and targeted interior upgrades. Within a 3-mile radius, projections indicate population and household growth ahead, implying a larger tenant base over time—supportive of occupancy and lease stability in Los Angeles County’s high-cost ownership environment.
- High renter concentration supports demand depth and leasing stability
- Amenity-rich Urban Core location aids pricing power and retention
- 1985 vintage presents value-add via systems updates and interior modernization
- 3-mile projections show renter pool expansion, supportive of long-term occupancy
- Risks: elevated rent-to-income pressures and typical LA market volatility require disciplined leasing and expense control