| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4627 Coldwater Canyon Ave, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1979 |
| Units | 29 |
| Transaction Date | 1993-11-14 |
| Transaction Price | $322,000 |
| Buyer | PLUTSKY MEL |
| Seller | FOX RHODA |
4627 Coldwater Canyon Ave Studio City Value-Add Multifamily
High renter concentration in an A+ rated Studio City neighborhood supports durable demand, while elevated ownership costs favor leasing, according to WDSuite’s CRE market data. The asset’s 1979 vintage suggests targeted renovations could enhance competitiveness and returns.
Studio City’s neighborhood rating sits in the top quartile among 1,441 Los Angeles metro neighborhoods (A+), signaling strong fundamentals for multifamily. Amenity access is a clear strength, with restaurants, cafes, parks, childcare, and groceries all ranking in high national percentiles, which can aid leasing velocity and resident retention.
The local rental market shows occupancy in the low-90% range, which is broadly supportive of stability, and the share of renter-occupied housing is high for the area (about six in ten units). For investors, that renter concentration indicates a deeper tenant base and steady demand for multifamily units.
Within a 3-mile radius, households have edged higher recently and are projected to expand meaningfully over the next five years, even as average household size trends smaller. This combination points to a larger renter pool and supports occupancy and lease-up prospects. Elevated home values (top percentile nationally) indicate a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can support pricing power, though lease management should balance any affordability pressure.
The property’s 1979 construction is older than the neighborhood’s average 1986 vintage, creating a plausible value-add path through modernization and capital planning that can improve positioning against newer stock. Overall, the submarket’s amenity depth and income profile compare favorably to metro and national benchmarks, aligning with a constructive multifamily outlook based on commercial real estate analysis.
Neighborhood safety compares favorably to many areas nationwide, with overall crime measures performing above national norms (around the mid-80s percentile). Violent offense indicators are also strong (high-80s percentile), and recent year-over-year trends show notable improvement across both violent and property categories, which supports resident retention and longer tenancy.
Investors should still underwrite block-by-block variability typical of urban Los Angeles and monitor trends relative to peer neighborhoods across the 1,441-neighborhood metro, but the directional data suggest a stable backdrop for multifamily operations.
Proximity to media, telecommunications, and engineering employers underpins renter demand and commute convenience for a diverse, professional tenant base. The employers below reflect nearby drivers of leasing stability.
- Radio Disney — media offices (4.15 miles)
- Charter Communications — telecommunications (5.03 miles)
- Disney — entertainment studios (5.10 miles) — HQ
- Live Nation Entertainment — live entertainment offices (5.46 miles)
- AECOM — engineering & infrastructure (6.62 miles) — HQ
This 29-unit asset in Studio City benefits from a renter-driven neighborhood, strong amenity access, and a high-cost ownership market that supports sustained rental demand. Based on CRE market data from WDSuite, neighborhood occupancy sits near nationally average-to-above levels and the renter share is elevated, both of which suggest depth in the tenant base and support for income stability.
Built in 1979, the property is older than the area’s average vintage, indicating practical value-add potential through systems upgrades and interior modernization to compete with newer product. Within a 3-mile radius, forecasts call for an increase in households and smaller household sizes, which typically expands the renter pool and supports lease-up and retention. Elevated home values reinforce reliance on multifamily housing, though underwriting should incorporate rent-to-income and renewal management to mitigate affordability-related turnover.
- Renter-heavy neighborhood and amenity depth support demand and retention
- 1979 vintage offers value-add and capital improvement upside versus newer stock
- High-cost ownership market sustains multifamily reliance and pricing power
- 3-mile household growth outlook points to a larger tenant base over time
- Risk: manage affordability and renewal strategies to mitigate turnover in a premium market