| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 91st | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12946 Valleyheart Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1996 |
| Units | 36 |
| Transaction Date | 1997-04-17 |
| Transaction Price | $2,578,181 |
| Buyer | 21 VALLEYHEART ASSOCIATES LLC |
| Seller | VALLEYHEART 3 |
12946 Valleyheart Dr, Studio City Multifamily Investment
Positioned in a high-income Studio City enclave where elevated ownership costs sustain renter reliance on multifamily housing, this 36-unit asset benefits from durable demand according to WDSuite s CRE market data.
Studio City s neighborhood metrics point to solid renter appeal for investors. The area posts an A- neighborhood rating and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 266 out of 1,441). Caf e9 and dining density stands out 1caf e9s are in the top quartile nationally (97th percentile), and restaurants benchmark well (86th percentile) 1supporting walk-to amenities that help with lease retention.
The property s 1996 vintage is newer than the neighborhood s average construction year of 1982 (ranked 277 of 1,441), offering relative competitiveness versus older stock. Investors should still plan for selective systems modernization and common-area refresh to meet current renter expectations and sustain pricing power.
Neighborhood renter concentration measures the share of housing units that are renter-occupied at 39.5% (79th percentile nationally), indicating a meaningful tenant base for multifamily demand. At the same time, the neighborhood s occupancy rate is mid-pack (ranked 1,097 of 1,441), suggesting leasing durability is supported by location fundamentals but not without operational execution.
Within a 3-mile radius, demographics show a high-income renter pool today and projections for a larger household count by the mid-2020s, even as average household size trends down. Median home values in the neighborhood are elevated, which reinforces reliance on rental options and supports rent growth management in line with broader commercial real estate analysis. Parks access benchmarks well (85th percentile nationally), while grocery, pharmacy, and childcare counts within the neighborhood boundaries are limited 1a consideration for resident convenience that can be offset by nearby districts.
Safety indicators compare favorably. The neighborhood ranks 82 out of 1,441 in the metro on crime (top quartile), and sits around the 87th percentile nationally for safety 1a constructive backdrop for renter retention and leasing stability. Recent year-over-year trends show notable declines in both property and violent offenses, according to WDSuite s data.
Proximity to major media, entertainment, telecom, and engineering employers supports a deep commuter tenant base and can aid retention through short, predictable commutes. The nearby roster includes Radio Disney, Live Nation Entertainment, Disney, Charter Communications, and AECOM.
- Radio Disney d media (4.2 miles)
- Live Nation Entertainment d entertainment d (5.1 miles) d HQ
- Disney d media (5.2 miles) d HQ
- Charter Communications d telecom (5.5 miles)
- AECOM d engineering & consulting (6.1 miles) d HQ
This 36-unit, 1996-vintage asset sits in a high-income Studio City neighborhood where elevated home values (99th percentile nationally) reinforce sustained rental demand. The location offers strong lifestyle amenities (caf e9 and restaurant density in the top national brackets) and a renter-occupied housing share that supports a stable tenant base. According to CRE market data from WDSuite, neighborhood NOI per unit benchmarks in the top quartile nationally, while the local occupancy profile is mid-pack dpointing to a focus on asset management and unit positioning to capture demand.
Within a 3-mile radius, projections indicate population growth and a notable increase in households through the mid-2020s, alongside rising incomes dsignals that broaden the renter pool and can support occupancy stability. The property s newer vintage versus neighborhood stock provides a competitive edge, with targeted renovations offering upside to meet contemporary preferences without the full capital intensity of older buildings.
- High-cost ownership market supports durable multifamily demand and lease retention.
- Top-quartile neighborhood NOI per unit and strong amenity access bolster pricing power.
- 1996 vintage is competitive versus local stock, with value-add potential via selective upgrades.
- 3-mile projections show household growth and rising incomes, expanding the renter base.
- Risks: mid-pack neighborhood occupancy and limited in-neighborhood daily services require focused operations.