| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 86th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4121 Radford Ave, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 2009 |
| Units | 81 |
| Transaction Date | 2012-10-22 |
| Transaction Price | $56,300,563 |
| Buyer | ARCHSTONE STUDIO 4041 LP |
| Seller | ESSEX RADFORD LP |
4121 Radford Ave, Studio City Multifamily Investment Opportunity
Newer 2009 construction in a high-cost ownership pocket of Studio City supports durable renter demand and neighborhood occupancy near the mid‑90s, according to WDSuite’s CRE market data.
Studio City’s Urban Core location offers daily convenience with strong food-and-beverage density and parks access, while schools average around 4 out of 5. Amenity access ranks competitive among 1,441 Los Angeles metro neighborhoods and falls in the top quartile nationally for restaurants and cafes, which generally supports tenant retention and leasing velocity. The lack of nearby pharmacies relative to national norms is a minor service gap to factor into resident services planning.
At the neighborhood level, occupancy is approximately 95.1% (measured for the neighborhood, not the property) and sits around the metro median, based on CRE market data from WDSuite. Neighborhood net operating income per unit benchmarks test in a high national percentile, indicating landlords have historically sustained pricing power versus many U.S. submarkets.
The property’s 2009 vintage is newer than the neighborhood’s average construction year of 1983. That positioning typically enhances competitiveness versus older stock and can reduce near-term capital needs, though investors should still underwrite routine system updates as the asset moves past its first decade and a half in service.
Tenure patterns point to sustained multifamily demand: the immediate neighborhood shows a majority of housing units as renter-occupied, and within a 3-mile radius there is a high renter concentration alongside rising household incomes and a forecasted increase in households. In a market with elevated home values (top national percentile), a high-cost ownership environment tends to reinforce reliance on rental housing, supporting occupancy stability and renewal potential. Rent-to-income ratios in the neighborhood are relatively moderate, suggesting manageable affordability pressure for many renters and supporting lease management strategies focused on retention.
Safety metrics are competitive among Los Angeles neighborhoods (ranked 368 out of 1,441) and in the top quartile nationally, per WDSuite’s data. Violent incidents benchmark better than the national middle, while property incidents are closer to national averages.
Recent year-over-year trends indicate notable declines in both violent and property offense rates locally. As always, investors should evaluate block-level patterns over time, but the broader trajectory suggests improving conditions relative to regional peers.
Proximity to major media and infrastructure employers underpins a deep, commuter-friendly renter base, supporting leasing stability for workforce and professional households. The following nearby employers anchor demand within a short drive.
- Radio Disney — corporate offices (2.9 miles)
- Disney — corporate offices (3.9 miles) — HQ
- Charter Communications — corporate offices (4.6 miles)
- Live Nation Entertainment — corporate offices (5.0 miles) — HQ
- AECOM — corporate offices (6.2 miles) — HQ
4121 Radford Ave is a 2009-vintage, 81-unit asset positioned in a high-cost ownership pocket of Studio City where neighborhood occupancy trends hover near the mid‑90s and renter concentration is strong. Amenity-rich surroundings and competitive school ratings help support leasing velocity and renewal prospects, while the property’s newer construction should compare favorably against the area’s older 1980s-era stock—though prudent capital planning for building systems remains advisable over a longer hold. According to CRE market data from WDSuite, local benchmarks for NOI per unit and amenity access score well versus national peers, reinforcing an investment case tied to durable demand rather than speculative growth.
Within a 3-mile radius, the renter pool is sizable and incomes are trending upward, with households projected to expand alongside smaller average household sizes—dynamics that typically increase demand for professionally managed apartments. Elevated home values across the neighborhood further sustain rental reliance, supporting occupancy stability and pricing power through the cycle. Key watch items include pockets of service amenity gaps (notably pharmacies) and continued monitoring of safety and employment trends given the concentration of media and corporate office employers nearby.
- 2009 vintage offers competitive positioning versus older neighborhood stock with manageable modernization needs
- High-cost ownership market supports renter reliance, aiding occupancy stability and renewals
- Amenity-rich Urban Core location and solid school ratings support leasing velocity
- Nearby anchor employers bolster weekday demand and retention among professionals
- Risks: monitor service amenity gaps, local safety trends, and sector concentration in media/corporate offices