| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 84th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11818 Riverside Dr, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1986 |
| Units | 107 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11818 Riverside Dr Valley Village Multifamily Investment
Neighborhood fundamentals point to durable renter demand, with a high renter-occupied housing share supporting leasing depth; according to WDSuite’s CRE market data, occupancy has trended steady as households favor well-located Valley Village apartments.
Located in Valley Village within the Los Angeles-Long Beach-Glendale metro, the property benefits from an Urban Core setting that is above the metro median for amenities. Parks and restaurants score in the top quartile nationally, suggesting daily-life convenience that helps support retention and leasing velocity. While pharmacy and café density is thinner nearby, grocery access is comparatively strong, offering practical livability for renters.
The neighborhood’s housing stock skews renter-occupied at roughly seven in ten units, indicating a deep tenant base and consistent multifamily demand rather than owner-occupied turnover. Neighborhood occupancy has remained in the low-90s, supporting income stability for well-managed assets. Median contract rents have grown over the past five years, aligning with sustained demand for professionally managed communities.
Within a 3-mile radius, demographic data show a modest population dip in recent years alongside a small increase in households and smaller average household sizes—dynamics that typically favor apartment absorption. Looking ahead to 2028, forecasts indicate population and household growth, which should expand the renter pool and support occupancy stability. Household incomes have advanced, and the local rent-to-income ratio remains manageable, which can aid lease retention and reduce turnover risk.
Home values are elevated relative to incomes, placing the area firmly in a high-cost ownership market. For multifamily investors, this tends to reinforce reliance on rental housing and can sustain pricing power for well-maintained assets. The property’s 1986 vintage is newer than the neighborhood’s average construction year, positioning it competitively versus older stock; targeted modernization of interiors and building systems can unlock incremental revenue and improve operational efficiency.
Neighborhood safety trends are competitive within the Los Angeles-Long Beach-Glendale metro and in the top quartile nationally, according to WDSuite’s comparative crime metrics. Recent data also indicate sharp year-over-year declines in both property and violent offense rates, a constructive signal for long-term renter appeal. As always, safety varies by micro-location and over time, so investors typically corroborate trends with current, property-level diligence.
Proximity to major media and corporate offices underpins a diverse white-collar employment base that supports multifamily demand and commute convenience for residents. Key nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — corporate offices (2.8 miles)
- Disney — corporate offices (3.8 miles) — HQ
- Charter Communications — corporate offices (3.9 miles)
- Live Nation Entertainment — corporate offices (4.7 miles)
- Activision Blizzard Studios — corporate offices (6.2 miles)
11818 Riverside Dr is a 100+ unit asset in Valley Village with a renter-heavy neighborhood and occupancy holding in the low-90s—factors that support income durability and leasing efficiency. Elevated home values within the metro indicate a high-cost ownership market, which typically sustains reliance on rental housing and helps preserve pricing power for professionally managed communities. Based on CRE market data from WDSuite, amenity access is above the metro median, and restaurants and parks rank among top national cohorts, supporting long-term renter appeal.
Built in 1986, the property is newer than the area’s average vintage, providing a competitive edge versus older stock while leaving room for targeted value-add—interior refreshes and system updates that can improve NOI. Within a 3-mile radius, forecasts point to household growth and smaller household sizes through 2028, expanding the tenant base and supporting occupancy stability over a multi-year hold.
- Renter-occupied concentration supports a deep tenant base and steady absorption
- Occupancy in the low-90s and strong amenity access bolster retention
- 1986 vintage allows targeted renovations to enhance competitiveness and NOI
- High-cost ownership market reinforces rental demand and pricing power
- Risk: employment concentration in media/entertainment may add cyclicality; underwriting should assume periodic volatility