| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 27th | Poor |
| Amenities | 43rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8714 Glenoaks Blvd, Sun Valley, CA, 91352, US |
| Region / Metro | Sun Valley |
| Year of Construction | 2009 |
| Units | 33 |
| Transaction Date | 2010-12-22 |
| Transaction Price | $17,418,945 |
| Buyer | SYMPHONY ASSET POOL XIII LLC |
| Seller | CATHAY BANK |
8714 Glenoaks Blvd, Sun Valley Multifamily Investment
Positioned in an inner-suburban Los Angeles node with steady renter demand and occupancy in the low-90s, the property benefits from a high-cost ownership market that supports leasing durability, according to WDSuite’s CRE market data.
This Sun Valley location offers practical access to daily needs with strong restaurant and pharmacy density relative to national norms, while grocery options are competitive among Los Angeles neighborhoods. Park and café coverage is thinner, so resident appeal leans more toward essential retail and services than lifestyle amenities.
Rents in the surrounding neighborhood track in the upper range for the metro and land in the top quartile nationally, while occupancy has held around the low-90s. In a market where home values are elevated versus incomes, the ownership landscape tends to reinforce reliance on multifamily housing, supporting depth of the tenant base and pricing power over time.
The asset’s 2009 vintage is newer than the area’s average 1970s-era housing stock, which can enhance competitive positioning versus older properties. Investors should still plan for routine system updates and selective modernization to sustain leasing performance.
Within a 3-mile radius, demographics indicate a large, family-oriented renter pool and stable population with household counts projected to increase by 2028. This points to a gradually expanding base of potential renters, which can support occupancy stability and retention for professionally managed units.
Safety trends present a mixed but improving picture. Nationally, the neighborhood compares favorably, landing above average on indicators of safety; within the Los Angeles metro, it sits below the median, so investors should underwrite prudent security and operating protocols. Recent data show sharp year-over-year reductions in both violent and property offenses, suggesting positive momentum that aligns with broader neighborhood stabilization.
Nearby telecommunications, media, entertainment, packaging, and live events employers create a diversified white-collar employment base that supports renter demand and reduces commute friction for residents. The employers below reflect the closest relevant nodes to the property.
- Charter Communications — telecommunications (2.3 miles)
- Radio Disney — media (5.3 miles)
- Disney — entertainment (5.4 miles) — HQ
- Avery Dennison — packaging materials (7.9 miles) — HQ
- Live Nation Entertainment — live events (8.8 miles)
8714 Glenoaks Blvd offers investors exposure to an inner-suburban Los Angeles neighborhood where elevated ownership costs sustain multifamily demand, and occupancy has remained around the low-90s. Based on CRE market data from WDSuite, neighborhood rents sit in the top quartile nationally while local safety indicators have improved meaningfully year over year, supporting a constructive leasing outlook.
Constructed in 2009, the property is newer than the area’s predominantly 1970s-era stock, providing a competitive edge versus older assets while still benefiting from targeted upgrades to drive rent premiums. A sizable, family-oriented renter base within a 3-mile radius and proximity to major employers underpin tenant depth and retention prospects, though lighter park and café coverage and below-metro safety positioning should be reflected in operations and marketing.
- Newer 2009 vintage versus older neighborhood stock supports competitive positioning and rent attainment.
- High-cost ownership market reinforces reliance on rentals, aiding pricing power and lease retention.
- Top-quartile neighborhood rent levels and steady low-90s occupancy, per WDSuite, support income stability.
- 3-mile demographic base indicates growing households, expanding the pool of potential renters.
- Risks: below-metro safety positioning, limited parks/cafés, and need for ongoing capital planning for systems and modernization.