| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10965 Bluffside Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 2002 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10965 Bluffside Dr Studio City Multifamily Investment
This 108-unit property built in 2002 sits in a neighborhood ranked 104th among 1,441 Los Angeles metro neighborhoods, with strong renter demand supported by 76.9% rental tenure and above-average net operating income per unit according to CRE market data from WDSuite.
The Studio City neighborhood ranks in the top quartile nationally for amenities and housing fundamentals, with 76.9% of housing units occupied by renters compared to 98th percentile nationally. This high rental tenure supports consistent tenant demand for multifamily properties. Neighborhood-level occupancy maintains 93.6%, though slightly below metro averages, while median contract rents of $2,028 reflect the area's positioning in the broader Los Angeles rental market.
Demographics within a 3-mile radius show a stable renter base with 152,193 residents and projected household growth of 39.9% through 2028. The area attracts educated professionals, with 42.1% holding bachelor's degrees (98th percentile nationally) and median household incomes of $103,604. Forecast data indicates rental demand should strengthen as household formation increases and median rents are projected to reach $2,630.
Built in 2002, this property aligns with the neighborhood's average construction year of 1982, positioning it as a newer asset that may require less immediate capital expenditure than older competing properties. The area's amenity density supports tenant retention with 6.42 grocery stores per square mile (97th percentile nationally) and strong restaurant access at nearly 20 establishments per square mile.
High home values with a median of $993,373 and elevated value-to-income ratios reinforce rental demand, as ownership costs keep many households in the rental market. However, rent-to-income ratios at 0.30 suggest affordability pressures that require careful lease management and renewal strategies.
The neighborhood demonstrates improving safety trends with property crime rates declining 81.1% year-over-year and violent crime dropping 96.0% over the same period. These substantial reductions place the area in the 98th and 100th percentiles nationally for crime improvement, respectively.
Current crime metrics show property offense rates of 307 incidents per 100,000 residents, ranking 626th among 1,441 metro neighborhoods (47th percentile nationally). Violent crime remains low at 19.7 incidents per 100,000 residents, ranking above metro median at 472nd among metro neighborhoods. The combination of declining crime trends and moderate current levels supports neighborhood stability for multifamily investments.
The Studio City area benefits from proximity to major entertainment and corporate employers, supporting workforce housing demand for media professionals and corporate staff within commuting distance.
- Radio Disney — entertainment media (1.8 miles)
- Disney — entertainment conglomerate (2.7 miles) — HQ
- Live Nation Entertainment — live entertainment (3.1 miles)
- Charter Communications — telecommunications (4.2 miles)
- Live Nation Entertainment — live entertainment (4.9 miles) — HQ
This 108-unit Studio City property presents a compelling multifamily investment opportunity in a top-quartile Los Angeles neighborhood with strong rental fundamentals. The area's 76.9% rental tenure rate and projected 39.9% household growth through 2028 support sustained tenant demand, while the property's 2002 construction year positions it competitively against the neighborhood's older average building stock. According to multifamily property research from WDSuite, the area generates above-average net operating income per unit at $13,720, ranking in the 92nd percentile nationally.
The investment case is strengthened by improving safety trends, with crime rates declining substantially over the past year, and proximity to major entertainment employers including Disney headquarters. However, investors should monitor rent-to-income ratios at 0.30 and neighborhood occupancy at 93.6%, which trails metro averages and may require active leasing strategies to optimize performance.
- Strong rental market with 76.9% rental tenure and projected household growth of 39.9%
- Above-average NOI per unit at $13,720 in 92nd percentile nationally
- 2002 construction offers competitive positioning with lower near-term capital needs
- Proximity to Disney headquarters and entertainment industry employment base
- Risk factors include affordability pressures and below-metro occupancy requiring active management