| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4605 Cahuenga Blvd, Toluca Lake, CA, 91602, US |
| Region / Metro | Toluca Lake |
| Year of Construction | 1986 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4605 Cahuenga Blvd Toluca Lake Multifamily Investment
Neighborhood occupancy is around 93.6% with a high renter-occupied share, pointing to steady leasing fundamentals, according to WDSuite’s CRE market data. Strong location utilities and entertainment-adjacent demand support durability, while pricing power should be managed thoughtfully.
Toluca Lake’s Urban Core setting offers daily convenience and access to major employment nodes. The neighborhood ranks 104 out of 1,441 Los Angeles metro neighborhoods with an A rating—competitive among Los Angeles-Long Beach-Glendale submarkets and top quartile nationally. Dense retail and dining clusters (restaurants and groceries at high national percentiles) help sustain pedestrian activity and support renter retention.
For multifamily investors, the local housing fabric is anchored by a high renter-occupied share (neighborhood tenure data indicates a deep renter base), and occupancy trends sit above the metro median nationally by percentile. Elevated home values versus incomes in the neighborhood context reinforce reliance on rentals, which can aid lease-up velocity and stabilize tenant demand.
Within a 3-mile radius, demographics show a large professional cohort and rising household incomes over recent years, with projections indicating population growth and faster household gains through 2028—supportive of a larger tenant base and demand for rental units. Household sizes are modest, which often aligns with demand for studios and 1–2 bedroom product.
The average neighborhood construction vintage trends early-1980s; this property’s 1986 vintage is slightly newer than the local average, which can enhance competitive positioning against older stock. Investors should still plan for system modernization or targeted renovations to capture value-add upside and maintain marketability.
Safety indicators compare favorably in a regional and national context. The neighborhood’s crime profile sits above the national median for safety (around the 76th percentile nationally), which is competitive among Los Angeles neighborhoods. Year over year, both violent and property offense estimates show substantial declines, placing recent improvement near the top of national comparisons.
When framed against the metro’s 1,441 neighborhoods, recent-ranking trends suggest the area performs above many peer locations, with notable momentum in one-year change. As always, investors should underwrite to property-level controls and monitor micro-block variability over time rather than relying solely on neighborhood aggregates.
Proximity to entertainment, media, and corporate offices underpins renter demand and commute convenience for a broad workforce. Key nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — corporate offices (1.2 miles)
- Disney — corporate offices (2.1 miles) — HQ
- Charter Communications — corporate offices (3.3 miles)
- Live Nation Entertainment — corporate offices (3.8 miles)
- Avery Dennison — corporate offices (6.0 miles) — HQ
This 51-unit asset, built in 1986, benefits from a renter-driven neighborhood where occupancy runs near the mid-90s and the renter-occupied share is high—both supportive of depth of demand and stable renewals. Elevated ownership costs in the surrounding area keep multifamily relevant for a broad tenant base, while strong amenity density (dining, groceries, parks, and pharmacies at high national percentiles) supports day-to-day livability and retention. According to CRE market data from WDSuite, neighborhood NOI per-unit levels rank high nationally, reinforcing the area’s income potential for well-operated assets.
The vintage provides room for selective value-add—targeted modernization and system updates can strengthen competitive positioning against older local stock. Forward demographic indicators within a 3-mile radius point to population growth and faster household gains, which can expand the renter pool and support occupancy stability. Investors should balance these strengths against affordability pressure (rent-to-income considerations) and cyclical exposure tied to entertainment and service sectors when shaping rent strategy and reserves.
- Renter-led neighborhood with occupancy near the mid-90s supports leasing stability
- Elevated ownership costs sustain multifamily demand and renewal prospects
- 1986 vintage offers value-add potential via targeted renovations and system upgrades
- Amenity-rich location near media and corporate employment underpins tenant retention
- Risks: affordability pressure and exposure to entertainment/service cycles warrant disciplined underwriting