| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 10th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11040 Lorne St, Sun Valley, CA, 91352, US |
| Region / Metro | Sun Valley |
| Year of Construction | 1990 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11040 Lorne St Sun Valley Multifamily Investment
This 72-unit property benefits from strong neighborhood-level occupancy at 95% and a renter-dominated market with 80.6% of housing units occupied by tenants, according to CRE market data from WDSuite.
Built in 1990, this property offers potential value-add opportunities through strategic capital improvements, as the neighborhood's average construction year of 1962 suggests many competing properties may require more extensive renovations. The area maintains strong occupancy fundamentals with 95% of units occupied, ranking in the top quartile among 1,441 metro neighborhoods for occupancy stability.
The rental market dynamics favor multifamily investors, with 80.6% of housing units renter-occupied—ranking in the 99th percentile nationally. This creates a deep tenant pool and reinforces rental demand. Median home values of $552,600 in the 87th percentile nationally help sustain this rental preference by keeping ownership costs elevated relative to rental options.
Demographics within a 3-mile radius show a stable population base of 143,840 residents with household income growth of 40.5% over five years. Projections indicate continued household formation with a 32.4% increase in total households expected through 2028, supporting expanded renter demand. The area's amenity infrastructure includes strong grocery access (96th percentile nationally) and park density (99th percentile), contributing to tenant retention appeal.
The neighborhood demonstrates improving safety trends with property crime rates declining 88.8% year-over-year and violent crime down 95.4%, both ranking in the top 10% nationally for improvement. Current property crime rates rank 202nd among 1,441 metro neighborhoods (69th percentile nationally), while violent crime rates rank 310th (68th percentile nationally), indicating above-average safety performance compared to other Los Angeles metro neighborhoods.
The employment base includes major corporate headquarters and offices within commuting distance, supporting workforce housing demand for professional tenants.
- Charter Communications — telecommunications (1.98 miles)
- Radio Disney — media & entertainment (4.75 miles)
- Disney — entertainment & media (4.94 miles) — HQ
- Avery Dennison — industrial materials (7.80 miles) — HQ
- Live Nation Entertainment — entertainment services (8.14 miles)
This 72-unit property built in 1990 positions investors to capitalize on a mature rental market with exceptional occupancy stability and improving safety metrics. The neighborhood's 95% occupancy rate ranks in the top quartile among Los Angeles metro neighborhoods, while the 80.6% renter-occupied housing share (99th percentile nationally) creates deep tenant demand. Household income growth of 40.5% over five years within the 3-mile radius, combined with projected household formation increases of 32.4% through 2028, supports continued rental absorption.
The 1990 construction vintage offers value-add potential through strategic improvements, particularly given that neighborhood average construction is 1962. High home values relative to local incomes help maintain rental preference, while proximity to major employers including Disney headquarters and Charter Communications provides workforce housing appeal.
- Top quartile occupancy performance among 1,441 metro neighborhoods
- 99th percentile renter-occupied housing share sustains tenant demand
- 32.4% projected household growth through 2028 expands renter pool
- Value-add potential with 1990 vintage in older neighborhood stock
- Risk consideration: Below-average school ratings may limit family tenant appeal