| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 10th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11047 Strathern St, Sun Valley, CA, 91352, US |
| Region / Metro | Sun Valley |
| Year of Construction | 1988 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11047 Strathern St Sun Valley Multifamily Investment
1988 vintage with scale for a 25-unit asset positions this property competitively versus older neighborhood stock while serving a renter-heavy area; neighborhood occupancy has been steady according to WDSuite’s CRE market data.
Located in Sun Valley within Los Angeles County, the property benefits from everyday retail depth: neighborhood measures indicate strong access to groceries, pharmacies, parks, and restaurants (top-quartile nationally), while cafe and childcare density is limited. These conditions support daily convenience for residents and help widen the appeal to workforce tenants without relying on destination retail.
Renter demand fundamentals are supported by tenure and occupancy. Within a 3-mile radius, an estimated majority of housing units are renter-occupied, pointing to a large tenant base and potential leasing depth. Neighborhood occupancy is high and typically stable by national comparison, which can aid renewal capture and reduce downtime during turns, based on CRE market data from WDSuite.
Demographic trends within a 3-mile radius show a modest population pullback in recent years but a projected return to growth over the next five years alongside a meaningful increase in households. For investors, a larger household count and slightly smaller average household sizes can translate into a broader renter pool and steady demand for multifamily units.
Ownership costs in the surrounding neighborhood are elevated relative to incomes, and home values are high compared with national norms. This high-cost ownership environment tends to reinforce reliance on rental housing, supporting tenant retention and pricing power, though operators should manage rent-to-income ratios with an eye toward lease renewals.
Schools score below regional and national norms, which may limit appeal for family renters prioritizing top-rated districts; however, the property’s positioning as workforce-oriented housing near employment and daily needs can offset this for many renter cohorts.
Safety indicators benchmark favorably at the national level, placing the neighborhood in the top quartile nationwide for overall safety comparisons. According to WDSuite’s CRE market data, recent trends point to notable year-over-year declines in both property and violent offense estimates, which supports a constructive outlook for renter retention and leasing stability. As always, crime patterns vary by block and over time; investors should underwrite with submarket-level diligence.
Nearby employers span telecom, media, entertainment, and manufacturing, supporting a broad workforce and commute convenience that can underpin renter demand and retention for workforce-oriented units.
- Charter Communications — telecom (1.93 miles)
- Radio Disney — media (4.67 miles)
- Disney — entertainment (4.87 miles) — HQ
- Avery Dennison — manufacturing & packaging (7.75 miles) — HQ
- Live Nation Entertainment — live entertainment (8.06 miles)
The investment case centers on durable renter demand, competitive vintage, and location fundamentals. Built in 1988, the asset is newer than much of the surrounding stock, offering relative competitiveness versus mid-century product while still leaving room for targeted modernization to enhance rents and reduce long-term capital risk. Neighborhood occupancy trends are solid by national benchmarks, and elevated ownership costs in the area support continued reliance on multifamily rentals, according to CRE market data from WDSuite.
Within a 3-mile radius, the outlook calls for growth in households and a larger renter pool over the next five years, which should underpin leasing velocity and support occupancy stability. Strong access to everyday amenities (groceries, pharmacies, parks, restaurants) adds livability advantages, while limited cafe/childcare density and below-average school ratings suggest careful positioning toward workforce and convenience-driven renters. Operators should monitor rent-to-income ratios and tailor renewals to sustain retention.
- 1988 vintage offers competitive positioning versus older area stock with targeted value-add potential
- High neighborhood occupancy and strong renter base support leasing stability
- Elevated ownership costs reinforce rental demand and can support pricing power
- Amenity access (groceries, pharmacies, parks, restaurants) enhances livability for workforce renters
- Risks: manage affordability pressure (rent-to-income), mixed school ratings, and limited cafe/childcare density