| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 86th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12021 Valleyheart Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1972 |
| Units | 34 |
| Transaction Date | 2003-09-08 |
| Transaction Price | $5,300,000 |
| Buyer | F & S PARTNERSHIP |
| Seller | LYDECKER FAMILY LP |
12021 Valleyheart Dr Studio City Value-Add Multifamily
Neighborhood fundamentals point to durable renter demand and above-average occupancy at the neighborhood level, based on CRE market data from WDSuite. The property’s Studio City location offers stable, infill dynamics that support cash flow with potential for operational upside.
Studio City scores an A neighborhood rating and is competitive among Los Angeles-Long Beach-Glendale neighborhoods, with amenity access in the top quartile nationally. Dining and cafe density rank among the stronger pockets nationwide, helping support leasing velocity and retention for multifamily assets in this urban-core setting.
Neighborhood occupancy is above national norms and renter demand is reinforced by a high-cost ownership market. Elevated home values relative to incomes indicate a market where many households continue to rely on multifamily options, which can support rent levels and reduce turnover risk. At the same time, the rent-to-income profile suggests manageable affordability pressure, aiding renewal strategies.
Schools in the area average strong ratings (top quartile nationally), and parks and daily conveniences are well represented, though pharmacy access is limited locally. For investors, this mix typically translates to broad lifestyle appeal that supports leasing, with a modest operational consideration around resident convenience for prescriptions and healthcare goods.
Construction trends skew newer in the immediate neighborhood than the subject’s 1972 vintage, pointing to value-add positioning. Well-planned renovations can improve unit competitiveness versus more modern stock, while the property’s infill location and amenity-rich context underpin demand. Demographic statistics within a 3-mile radius show a majority of housing units are renter-occupied, with projections indicating population growth and a larger household base by 2028 — a setup that expands the local renter pool and supports occupancy stability.
Relative to neighborhoods nationwide, the area performs above average on general safety measures (around the 76th percentile nationally), which supports renter satisfaction and lease retention. Violent incidents sit modestly better than the national median, and both violent and property offense estimates show meaningful year-over-year improvement, according to WDSuite’s CRE market data.
As with any urban-core location, conditions can vary block to block; investors should underwrite to property-level security needs and monitor trends alongside regional benchmarks rather than relying on single-year readings.
Proximity to major entertainment and media employers supports a deep, commuter-friendly renter base, with strong anchors including Radio Disney, Disney, Live Nation Entertainment, and Charter Communications.
- Radio Disney — corporate offices (2.9 miles)
- Disney — corporate offices (3.9 miles) — HQ
- Live Nation Entertainment — corporate offices (4.2 miles)
- Charter Communications — corporate offices (4.5 miles)
- Live Nation Entertainment — corporate offices (5.1 miles) — HQ
Built in 1972 and situated in an A-rated, amenity-rich Studio City pocket, the property fits a clear value-add thesis. Neighborhood occupancy trends are above national averages and ownership costs are high relative to incomes, reinforcing reliance on rental housing and supporting steady tenant demand. According to CRE market data from WDSuite, local amenities and school ratings perform in the top quartile nationally — a combination that typically aids lease-up and renewal performance.
Demographic statistics within a 3-mile radius show a majority renter-occupied housing base and forward projections for population and household growth by 2028, expanding the renter pool. While newer product is present nearby, thoughtful renovations and operational improvements can sharpen the property’s competitive position and capture premium-to-market performance without relying on aggressive rent assumptions.
- Infill Studio City location with top-quartile amenities and school ratings that support leasing and retention
- Neighborhood occupancy above national norms and high-cost ownership landscape sustain rental demand
- 1972 vintage offers clear value-add and capex planning opportunities versus newer nearby stock
- 3-mile outlook points to population and household growth, expanding the local renter pool by 2028
- Risk: modest softening in neighborhood occupancy over five years and limited pharmacy presence warrant conservative underwriting and resident-convenience planning