| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 65th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12047 Califa St, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 2004 |
| Units | 24 |
| Transaction Date | 2009-02-27 |
| Transaction Price | $5,718,774 |
| Buyer | Ling Villas LLC |
| Seller | 12047 Califa LLC |
12047 Califa St Valley Village Multifamily Investment
Renter demand is reinforced by a high neighborhood renter-occupied share and occupancy that trends above national medians, according to WDSuite’s CRE market data. Newer vintage for the area supports competitive positioning and potential pricing resilience.
Located in Valley Village within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries an A- rating and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 331 out of 1,441). Restaurant and daily-needs access are strong relative to national norms (restaurants and pharmacies both in high national percentiles), while grocery options are solid. Park access and cafes are thinner within the immediate neighborhood context, which may modestly temper lifestyle appeal for some renters.
Operationally, the neighborhood’s occupancy is about the mid-90s and sits above national medians (66th percentile), and renter-occupied share is high (95th percentile). For investors, that depth of renter households points to a sizable tenant base and supports lease-up and renewal stability for multifamily assets.
Within a 3-mile radius, demographics indicate a stable population with a slight recent dip but projected growth ahead, alongside a notable increase in households and smaller average household size by 2028. This combination typically expands the renter pool and supports sustained demand for apartments, particularly for well-located, professionally managed properties.
Home values in the neighborhood are elevated (97th percentile nationally) and value-to-income ratios are high, underscoring a high-cost ownership market that tends to sustain reliance on rental housing. At the same time, rent-to-income levels track relatively manageably for the area, which can aid retention and reduce turnover pressure. Meanwhile, the average NOI per unit in the neighborhood ranks in the top decile nationally, signaling historically strong operations across local multifamily stock, based on CRE market data from WDSuite.
Vintage context matters here: the average neighborhood construction year trends older (around the early 1970s). A 2004-built asset stands newer than much of the surrounding inventory, supporting competitive positioning against older product while still warranting selective modernization for systems and finishes to optimize rents and durability.
Safety indicators show mixed but improving signals in a broader context. Violent-offense measures sit in higher national percentiles (safer relative to many neighborhoods nationwide), while property offenses trend closer to national midpoints. Importantly, both violent and property offense rates show notable year-over-year declines, suggesting recent momentum in the right direction. As always in the Los Angeles region, safety conditions can vary across nearby neighborhoods and blocks, so investors often focus on property-level security, lighting, and access controls to support resident comfort and retention.
The location sits near a diverse employment base in media and corporate services, which can support leasing velocity and retention through commute convenience. Nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Charter Communications — telecommunications (3.3 miles)
- Radio Disney — media (3.6 miles)
- Disney — media & entertainment (4.3 miles) — HQ
- Live Nation Entertainment — live entertainment corporate offices (6.1 miles)
- Activision Blizzard Studios — gaming & entertainment (7.6 miles)
12047 Califa St offers a 2004-vintage multifamily asset in a neighborhood where much of the housing stock is older, creating relative competitive positioning versus legacy product. High renter-occupied share and occupancy above national medians support a larger tenant base and suggest steady leasing fundamentals, while elevated ownership costs in the area reinforce reliance on rental housing. Within a 3-mile radius, projections point to an increase in households and smaller household sizes, which typically expands renter demand and can support occupancy stability.
Large average unit sizes and proximity to major employers in media and corporate services can attract income-qualified renters and bolster retention. According to CRE market data from WDSuite, the neighborhood’s operating profile compares favorably at the national level, which aligns with a thesis focused on durable cash flow with selective modernization to drive rent competitiveness. Key watch items include school quality variation and the need to manage safety perceptions typical of large metros.
- Newer 2004 vintage versus older local stock supports competitive positioning with targeted value-add potential
- High renter-occupied share and above-median occupancy indicate depth of tenant demand and renewal stability
- Elevated home values reinforce reliance on rentals, aiding pricing power and lease retention
- Proximity to major employers in media and corporate services supports leasing velocity
- Risks: school quality variation and metro-level safety perceptions require active property and tenant-experience management