| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11941 Weddington St, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1979 |
| Units | 21 |
| Transaction Date | 2020-08-31 |
| Transaction Price | $6,400,000 |
| Buyer | 11941 WEDDINGTON LLC |
| Seller | HARGES FAMILY PARTNERSHIP LP |
11941 Weddington St Valley Village Multifamily Investment
The neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for occupancy stability at 96.4%, supported by strong renter concentration and proximity to major entertainment industry employers, according to WDSuite's CRE market data.
Valley Village presents a compelling investment environment with 75.8% renter-occupied housing units, ranking in the top quartile nationally among neighborhoods and establishing a deep tenant base for multifamily properties. The neighborhood maintains 96.4% occupancy rates, significantly above typical metro performance, while median rents of $1,805 reflect strong pricing power in this urban core location.
Demographics within a 3-mile radius show household income growth of 29.5% over five years, with median household income at $87,253. Population projections indicate 4.7% growth through 2028, expanding the renter pool as households increase by 36.8%. The area attracts educated professionals, with 36.9% holding bachelor's degrees, ranking in the 94th percentile nationally.
The property's 1979 construction year aligns with the neighborhood average, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to enhance unit appeal and rental premiums. Home values averaging $1.1 million create significant ownership barriers, reinforcing rental demand as elevated purchase costs sustain reliance on multifamily housing.
Amenity density supports tenant retention with strong access to dining and retail, including nearly 20 restaurants per square mile and 8 grocery stores per square mile, both ranking in the 96th percentile nationally. However, rent-to-income ratios of 26% suggest affordability pressures that require careful lease management and retention strategies.
Valley Village demonstrates improving safety trends that support tenant retention and property values. The neighborhood ranks 306th of 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 78th percentile nationally. Property crime rates have declined significantly by 84.6% year-over-year, while violent crime dropped 92.9%, indicating positive momentum in neighborhood security.
Current violent crime rates of 22.3 per 100,000 residents rank the area in the 57th percentile nationally, representing moderate performance relative to other neighborhoods. The substantial year-over-year crime reductions suggest effective local safety initiatives that may contribute to sustained occupancy and resident satisfaction.
The Valley Village area benefits from proximity to major entertainment and media employers that drive consistent rental demand from industry professionals and support staff.
- Radio Disney — media & entertainment (3.1 miles)
- Charter Communications — telecommunications (3.6 miles)
- Disney — entertainment & media (4.0 miles) — HQ
- Live Nation Entertainment — live entertainment (5.4 miles)
- Activision Blizzard Studios — gaming & technology (6.9 miles)
This 21-unit Valley Village property offers stable cash flow potential in a neighborhood with 96.4% occupancy rates and 75.8% renter concentration, both ranking in top quartiles nationally. The 1979 construction vintage aligns with area norms while providing value-add renovation opportunities to capture rent premiums in a market where median rents have grown 32.8% over five years.
Demographics within a 3-mile radius show household growth of 36.8% projected through 2028, expanding the tenant base as population increases 4.7%. Proximity to Disney headquarters and other major entertainment employers within 4 miles provides workforce housing demand, while $1.1 million median home values reinforce rental reliance among area professionals.
- Top quartile occupancy stability at 96.4% supports consistent rental income
- Strong renter concentration of 75.8% indicates deep tenant demand
- Projected 36.8% household growth through 2028 expands renter pool
- Entertainment industry proximity provides workforce housing demand
- High rent-to-income ratios require active lease management and retention focus