| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10915 Bluffside Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1987 |
| Units | 105 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10915 Bluffside Dr Studio City Multifamily Investment
This 105-unit property built in 1987 sits in a Studio City neighborhood ranking in the top quartile nationally for amenities and housing metrics. The area shows 93.6% occupancy with strong rental demand driven by 77% renter-occupied units and proximity to major entertainment employers.
Studio City's neighborhood ranks 104th among 1,441 metro neighborhoods with an "A" rating, placing it in the top quartile nationally for housing metrics (85th percentile) and amenities (78th percentile). The area maintains 93.6% occupancy rates with median contract rents of $2,028, supported by a high rental share of 76.9% of housing units.
The neighborhood attracts educated professionals, with 42.1% of residents over 25 holding bachelor's degrees (98th percentile nationally). Within a 3-mile radius, the population of 151,099 shows stability with household incomes averaging $150,876. Forecasts indicate household growth of 39.5% by 2028, expanding the potential tenant base and supporting occupancy fundamentals.
Built in 1987, this property aligns with the neighborhood's average construction year of 1982, suggesting consistent building stock without significant vintage disadvantages. High home values averaging $993,373 reinforce rental demand, as elevated ownership costs sustain reliance on multifamily housing among area residents.
The location offers strong amenity density with 6.42 grocery stores per square mile (97th percentile nationally) and 19.97 restaurants per square mile (96th percentile), supporting tenant retention through convenient access to daily needs and dining options.
The neighborhood demonstrates favorable safety trends with property crime rates declining 81.1% year-over-year, ranking in the 98th percentile nationally for crime reduction. Violent crime rates also decreased 96% over the same period, placing the area in the top percentile for violent crime improvement nationwide.
Current crime metrics show the neighborhood ranking 357th of 1,441 metro neighborhoods for overall crime (76th percentile nationally), indicating above-average safety conditions that support tenant retention and property values in this Studio City location.
The Studio City area benefits from proximity to major entertainment and corporate employers, providing workforce housing opportunities for professionals in media, telecommunications, and entertainment industries.
- Radio Disney — media and entertainment (1.7 miles)
- Disney — entertainment and media (2.7 miles) — HQ
- Live Nation Entertainment — entertainment and events (3.1 miles)
- Charter Communications — telecommunications (4.2 miles)
- Activision Blizzard Studios — gaming and entertainment (5.4 miles)
This 105-unit Studio City property offers exposure to a high-performing neighborhood with strong fundamentals supporting long-term rental demand. The area's 93.6% occupancy rate and $13,720 average NOI per unit (92nd percentile nationally) reflect stable cash flow potential, while the 77% rental share indicates sustained multifamily demand. According to CRE market data from WDSuite, the neighborhood's "A" rating and top-quartile national rankings for housing and amenities position the asset favorably within the Los Angeles metro.
Demographics support continued rental demand with projected household growth of 39.5% by 2028 and median incomes forecast to reach $143,419. The 1987 construction year may present value-add opportunities through strategic renovations, while proximity to Disney headquarters and other entertainment employers provides tenant stability. However, investors should consider the area's low COVID resilience ranking (4th percentile) and monitor rent-to-income ratios that currently rank in the bottom quartile nationally.
- Top-quartile neighborhood ranking with 93.6% occupancy and strong NOI per unit performance
- Proximity to Disney headquarters and major entertainment employers supporting workforce housing demand
- Projected 39.5% household growth by 2028 expanding potential tenant base
- Value-add potential through renovations of 1987-vintage property
- Risk consideration: Low COVID resilience ranking and affordability pressure from high rent-to-income ratios