| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4241 Cahuenga Blvd, Toluca Lake, CA, 91602, US |
| Region / Metro | Toluca Lake |
| Year of Construction | 2009 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4241 Cahuenga Blvd Toluca Lake Multifamily Investment
Neighborhood occupancy in the mid-90s and a high share of renter-occupied units point to durable leasing fundamentals for this asset, according to WDSuite's CRE market data. The 2009 vintage is newer than nearby stock, supporting competitive positioning with manageable modernization planning.
The property sits in an Urban Core pocket of Toluca Lake that ranks competitive among Los Angeles-Long Beach-Glendale neighborhoods (104 of 1,441), signaling strong overall livability and investment appeal. Amenity access is a clear strength: grocery, restaurants, and cafes score in the upper national percentiles, helping support renter retention through convenience and lifestyle.
From an operations lens, neighborhood occupancy is around 93.6% and the renter concentration is approximately 76.9% of housing units being renter-occupied. For investors, that depth of the tenant base tends to support leasing velocity and renewal potential, while still requiring active lease management through cycles. NOI per unit in the neighborhood trends in the top national quartile, based on CRE market data from WDSuite, indicating landlords have historically captured solid income on a per-unit basis.
The ownership market is high-cost (home values and value-to-income ratio both near the top of national ranges), which typically sustains reliance on multifamily rentals and can support pricing power when managed thoughtfully. Rent-to-income metrics indicate some affordability pressure locally, so disciplined renewal strategies and amenity-driven differentiation remain important to maintain occupancy stability.
Demographic indicators are aggregated within a 3-mile radius. Recent years show flat-to-slightly lower population, but WDSuite's forecasts point to increases in both population and households over the next five years alongside smaller average household sizes—conditions that expand the prospective renter pool and favor professionally managed multifamily. Schools rate near the national middle, which may be adequate for a broad renter audience, while transit and employment access further bolster demand in this urban Los Angeles node.
Vintage matters: with a 2009 construction year compared with an area average from the early 1980s, the asset is newer than much of the surrounding stock. That typically reduces near-term capital expenditure intensity relative to older properties and can support competitive positioning, though targeted updates to finishes and building systems can still enhance rentability and retention.
Safety trends are comparatively favorable in context. The neighborhood ranks 357 out of 1,441 in the metro on crime, aligning with an above-median position locally and a national safety percentile around the mid-70s—indicating safer conditions than many neighborhoods nationwide. According to WDSuite, both property and violent offense rates have posted sharp year-over-year declines, with improvement metrics landing in the top tiers nationally. For investors, this trajectory supports renter confidence and can aid renewal rates, while still warranting routine monitoring as urban conditions evolve.
Proximity to media and corporate offices underpins steady renter demand through short commutes and diversified professional employment. Notable nearby employers include Radio Disney, Disney, Live Nation Entertainment, Charter Communications, and AECOM.
- Radio Disney — corporate offices (1.2 miles)
- Disney — corporate offices (2.2 miles) — HQ
- Live Nation Entertainment — corporate offices (3.3 miles)
- Charter Communications — corporate offices (3.7 miles)
- AECOM — corporate offices (6.9 miles) — HQ
4241 Cahuenga Blvd offers a 2009-vintage, professionally rentable profile in a Los Angeles Urban Core location where renter concentration is high and neighborhood occupancy hovers in the mid-90s. Elevated ownership costs in the area reinforce reliance on multifamily housing, while strong amenity access and proximity to major employers support tenant retention. Based on commercial real estate analysis from WDSuite, neighborhood income capture per unit is competitive nationally, suggesting room for steady operations with thoughtful revenue management.
Forward-looking 3-mile demographics indicate growth in both population and households alongside smaller household sizes, pointing to a larger tenant base over time. The asset's newer vintage relative to local stock reduces near-term capital intensity, with selective upgrades providing value-add potential. Investors should balance these strengths with prudent affordability and renewal strategies given local rent-to-income dynamics.
- Newer 2009 vintage versus older area stock reduces near-term CapEx and supports competitive positioning.
- High renter concentration and mid-90s neighborhood occupancy support leasing stability and renewal potential.
- High-cost ownership market reinforces multifamily demand and can support pricing power with careful lease management.
- 3-mile outlook shows increases in population and households, expanding the prospective renter base.
- Risk: rent-to-income pressure requires disciplined renewals and amenity-driven differentiation to protect retention.