| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 91st | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10965 Fruitland Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1984 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10965 Fruitland Dr Studio City Multifamily Investment
This 54-unit property built in 1984 benefits from Studio City's high-income demographics and strong rental demand. Neighborhood-level occupancy of 92.2% supports stable cash flow fundamentals according to CRE market data from WDSuite.
Studio City represents a high-performing inner suburb within the Los Angeles metro, ranking in the top 5% nationally for demographics and household income. The neighborhood's median household income of $177,517 ranks 95th among 1,441 metro neighborhoods, supporting strong rental demand fundamentals. With 41% of housing units renter-occupied, the area maintains consistent multifamily demand patterns.
Demographic data aggregated within a 3-mile radius shows a stable renter base with 64.7% of housing units occupied by renters. The area's median contract rent of $2,001 reflects market positioning that balances affordability with income levels. Five-year projections indicate household growth of 40.1% and median income increases of 38%, expanding the potential tenant pool and supporting long-term rental demand.
The property's 1984 construction year aligns with the neighborhood average, indicating consistent building stock that may present value-add renovation opportunities. Neighborhood-level occupancy of 92.2% demonstrates stable absorption, though this sits near metro median levels. The area's amenity density ranks in the 78th percentile nationally, with strong restaurant and cafe concentrations supporting tenant appeal and retention.
Home values averaging $1.97 million rank in the top percentile nationally, reinforcing rental demand as elevated ownership costs sustain renter reliance on multifamily housing. The rent-to-income ratio of 0.17 suggests manageable affordability pressure, supporting lease retention and renewal rates for well-positioned properties.
Studio City demonstrates favorable safety metrics compared to metro and national averages. The neighborhood ranks 188th out of 1,441 metro neighborhoods for overall crime, placing it in the 82nd percentile nationally. Property offense rates have declined significantly by 91.1% year-over-year, ranking 21st among metro neighborhoods for improvement trends.
Violent crime rates remain low at 15.2 incidents per 100,000 residents, with an 87.2% year-over-year decline that ranks in the top quartile for safety improvements among metro neighborhoods. These trends support tenant retention and property desirability within the broader Los Angeles market context.
The Studio City area benefits from proximity to major entertainment and corporate employers, supporting workforce housing demand and commute convenience for professional tenants.
- Radio Disney — entertainment media (1.9 miles)
- Disney — entertainment & media (2.8 miles) — HQ
- Live Nation Entertainment — entertainment services (3.0 miles)
- Charter Communications — telecommunications (4.4 miles)
- Live Nation Entertainment — entertainment services (4.8 miles) — HQ
This 54-unit Studio City property offers stable multifamily fundamentals anchored by high-income demographics and consistent rental demand. The neighborhood's top-tier income levels of $177,517 median household income and 92.2% occupancy rates support cash flow stability. Demographic projections show 40.1% household growth over five years, expanding the tenant base and reinforcing long-term demand drivers.
The 1984 construction vintage presents potential value-add opportunities through unit renovations and property improvements, while the area's elevated home values exceeding $1.97 million sustain rental demand as ownership remains cost-prohibitive for many households. According to multifamily property research from WDSuite, the combination of stable occupancy and income growth positions this asset for consistent performance within the Los Angeles market.
- High-income demographics with $177,517 median household income supporting premium rent potential
- Stable 92.2% neighborhood occupancy and 40.1% projected household growth over five years
- Value-add potential through renovations given 1984 construction vintage
- Proximity to major entertainment employers including Disney headquarters
- Risk consideration: Occupancy levels near metro median require active lease management