| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10944 Bluffside Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1983 |
| Units | 40 |
| Transaction Date | 2017-10-11 |
| Transaction Price | $12,600,000 |
| Buyer | 8200 WILSHIRE K2LLC |
| Seller | P & G DEVELOPMENT CO |
10944 Bluffside Dr Studio City Multifamily Investment
This Studio City address benefits from strong renter demand supported by a high renter-occupied share and amenity-rich surroundings, according to WDSuite’s CRE market data. Investors evaluating Los Angeles infill should note stable neighborhood occupancy and pricing supported by a high-cost ownership market.
Studio City’s Urban Core setting delivers depth of amenities that supports leasing and retention. Neighborhood amenities index in the upper tiers nationally, with dense access to groceries, restaurants, cafes, parks, and pharmacies. This concentration helps underpin daily convenience and reduces friction in leasing, a positive for multifamily operations.
Rental dynamics are favorable for landlords: the neighborhood shows stable occupancy (above the national median) and a notably high share of renter-occupied housing units, indicating a large tenant base and consistent demand for apartments. In practice, this tends to support occupancy stability and renewal performance even as new supply or seasonality shifts leasing velocity.
Within a 3-mile radius, demographics point to a well-capitalized renter pool with rising incomes and smaller household sizes over time, which can translate into more single- and couple-tenant demand. While the recent period shows flat-to-soft population and household counts, forward projections indicate growth in both households and income levels, expanding the addressable renter base and supporting rent resilience.
For investors, ownership costs in the area are elevated relative to national norms, which generally sustains reliance on rental housing and can reinforce pricing power for well-positioned assets. At the same time, a rent-to-income level around 30% suggests some affordability pressure, so disciplined lease management and unit mix optimization remain important.
Safety indicators are comparatively favorable in a national context, with the neighborhood positioned in the top quartile nationwide. Recent data also point to material year-over-year declines in both property and violent offense rates, according to WDSuite, a constructive trend for renter sentiment and retention. As always, safety conditions can vary by block and over time, so underwriting should focus on recent comparable property performance and management practices.
The area is anchored by media, entertainment, and telecom employers that help stabilize multifamily demand through steady white-collar employment and short commute times. Key nearby companies include Radio Disney, Disney, Live Nation Entertainment, and Charter Communications.
- Radio Disney — corporate offices (1.7 miles)
- Disney — corporate offices (2.7 miles) — HQ
- Live Nation Entertainment — corporate offices (3.1 miles)
- Charter Communications — corporate offices (4.3 miles)
- Live Nation Entertainment — corporate offices (4.9 miles) — HQ
This 40-unit Studio City asset sits in a high-amenity, infill neighborhood with stable occupancy and a renter-occupied concentration that points to a deep tenant base. Elevated for-sale home values reinforce reliance on multifamily, supporting pricing power for well-located, professionally managed properties. Neighborhood NOI per unit trends are strong in national context, and amenity density helps underpin renewal performance and lease-up consistency.
Within a 3-mile radius, projections call for growth in households alongside smaller average household sizes, implying a broader pool of renters and steady absorption potential. According to WDSuite’s commercial real estate analysis, rent levels and incomes suggest room for continued demand, though a rent-to-income near 30% warrants attentive renewal strategies and unit-by-unit pricing discipline.
- Infill location with top-tier amenities supports leasing velocity and renewals
- High renter-occupied share indicates strong, durable tenant demand
- Elevated ownership costs reinforce multifamily demand and pricing power
- Household growth and smaller household sizes (3-mile radius) expand the renter pool
- Risk: rent-to-income near 30% suggests affordability pressure—manage renewals and concessions carefully