| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 27th | Poor |
| Amenities | 38th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12016 Allegheny St, Sun Valley, CA, 91352, US |
| Region / Metro | Sun Valley |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12016 Allegheny St Sun Valley Multifamily Investment
Neighborhood-level occupancy at 95.7% exceeds metro averages, while strong renter demand supports lease-up stability in this Los Angeles submarket according to WDSuite's CRE market data.
Sun Valley's rental fundamentals demonstrate solid occupancy performance, with neighborhood-level rates at 95.7% ranking above metro median among 1,441 Los Angeles-area neighborhoods. The 24-unit property, constructed in 1985, positions investors for targeted value-add improvements given the neighborhood's older average construction year of 1969, creating renovation upside potential relative to surrounding building stock.
Demographic data aggregated within a 3-mile radius shows a stable renter pool of approximately 165,000 residents, with 48.1% of households renting. Median household income of $72,418 supports current rent levels, while five-year projections indicate household growth of 34.6%, expanding the tenant base for multifamily properties. The rent-to-income ratio remains manageable, contributing to tenant retention dynamics.
Home values averaging $661,861 in the neighborhood create a significant ownership barrier, keeping households in the rental market longer and supporting occupancy stability. Local amenities include adequate childcare density at 1.41 facilities per square mile, ranking in the 88th percentile nationally, though restaurant and retail options remain limited compared to denser urban cores.
Safety metrics show mixed trends, with the neighborhood ranking 256th among 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 80th percentile nationally. Property crime rates have declined significantly by 77.4% year-over-year, while violent crime dropped 91.1%, indicating improving security conditions that support tenant retention and leasing velocity.
These crime reduction trends, while positive, should be monitored as part of ongoing due diligence, as safety perceptions directly impact rental demand and renewal rates in urban multifamily markets.
The Sun Valley area benefits from proximity to major entertainment and technology employers, providing workforce housing demand for diverse professional tenants.
- Charter Communications — telecommunications (3.8 miles)
- Radio Disney — media & entertainment (6.4 miles)
- Disney — entertainment & media (6.7 miles) — HQ
- Avery Dennison — industrial materials (9.6 miles) — HQ
- Live Nation Entertainment — entertainment services (9.7 miles)
The 24-unit Sun Valley property offers value-add potential through its 1985 construction vintage, positioning below the neighborhood's 1969 average and creating opportunities for strategic capital improvements. Strong neighborhood-level occupancy at 95.7% demonstrates tenant demand stability, while projected household growth of 34.6% within a 3-mile radius supports long-term absorption. High home values exceeding $660,000 maintain rental market preference over ownership, contributing to lease renewal rates.
Based on multifamily property research from WDSuite, the submarket shows resilient fundamentals with rent growth potential as median household income is projected to increase 45.3% over five years, supporting future rental increases and NOI expansion.
- Above-average neighborhood occupancy rates at 95.7% indicate strong rental demand
- Value-add renovation potential given 1985 construction relative to older neighborhood stock
- Projected 34.6% household growth expands the renter pool over five years
- High ownership costs maintain rental market preference and tenant retention
- Risk: Limited local amenities may impact tenant appeal compared to denser submarkets