| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12005 Albers St, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 2013 |
| Units | 121 |
| Transaction Date | 2005-01-21 |
| Transaction Price | $2,400,000 |
| Buyer | K-H PROPERTIES |
| Seller | 12005 ALBERS LP |
12005 Albers St Valley Village Multifamily Investment
This 121-unit property built in 2013 sits in a neighborhood with 96.4% occupancy and strong rental demand dynamics. The area's 75.8% renter-occupied housing share ranks in the top quartile nationally, supporting tenant retention in this Los Angeles submarket.
Valley Village offers a compelling investment environment with neighborhood-level occupancy at 96.4%, significantly above typical multifamily benchmarks. The area maintains strong rental fundamentals with 75.8% of housing units renter-occupied, ranking in the 98th percentile nationally and indicating robust rental demand depth.
Built in 2013, this property represents newer vintage compared to the neighborhood average construction year of 1978, positioning it competitively for tenant attraction and potentially reducing near-term capital expenditure requirements. Demographic data within a 3-mile radius shows a stable population of approximately 246,000 residents with 67.7% of households renting, reinforcing the rental market foundation.
The neighborhood ranks in the top quartile nationally for amenity access, with 7.97 grocery stores per square mile (98th percentile nationally) and 2.66 cafes per square mile (96th percentile nationally). This amenity density supports tenant retention and appeals to urban professionals. Median contract rents of $1,805 have grown 32.8% over five years, though investors should monitor affordability pressures given the rent-to-income dynamics in this high-cost Los Angeles submarket.
Forward-looking demographics project household growth of 36.5% through 2028, with median household income expected to rise 42.1% to $120,738. This expansion in the renter pool, combined with forecast rent growth to $2,375, suggests continued demand drivers, though lease management will require attention to retention as ownership costs remain elevated at $1.1 million median home values.
The neighborhood demonstrates improving safety trends that support tenant retention and property values. Property crime rates have declined significantly by 84.6% year-over-year, ranking in the 99th percentile nationally for crime reduction. Violent crime has similarly decreased by 92.9%, placing the area in the 99th percentile for violent crime improvement.
Current crime levels position the neighborhood competitively among Los Angeles metro areas, with the overall crime rank at 306 out of 1,441 neighborhoods (78th percentile nationally). These safety improvements, combined with the area's urban core designation and high amenity density, create a more stable environment for multifamily operations and lease renewals.
The property benefits from proximity to major entertainment and media employers that anchor the regional workforce and support rental demand from industry professionals.
- Radio Disney — media and entertainment (3.3 miles)
- Charter Communications — telecommunications (3.5 miles)
- Disney — entertainment and media (4.1 miles) — HQ
- Live Nation Entertainment — entertainment services (5.6 miles)
- Activision Blizzard Studios — gaming and technology (7.1 miles)
This Valley Village property offers attractive fundamentals anchored by exceptional occupancy stability and rental market depth. According to CRE market data from WDSuite, the neighborhood maintains 96.4% occupancy with 75.8% of housing units renter-occupied—both metrics ranking in top national quartiles. The 2013 construction year provides competitive positioning relative to the area's 1978 average vintage while minimizing immediate capital expenditure needs.
Demographic projections support continued rental demand, with household growth of 36.5% forecast through 2028 and median incomes rising 42.1% to $120,738. The property's location within Los Angeles' entertainment corridor provides workforce housing for media and technology professionals, while elevated ownership costs at $1.1 million median home values reinforce rental demand. However, investors should monitor affordability pressures and lease management as rents approach $2,375 projected levels.
- Exceptional occupancy at 96.4% with top-quartile national ranking for rental market depth
- 2013 vintage provides competitive advantage and reduced near-term capital requirements
- Projected 36.5% household growth through 2028 expanding the renter pool
- Proximity to Disney headquarters and entertainment industry employment base
- Risk consideration: Monitor affordability pressures as rents approach projected $2,375 levels