| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 65th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12053 W Califa St, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 2004 |
| Units | 24 |
| Transaction Date | 2009-02-17 |
| Transaction Price | $1,620,000 |
| Buyer | LING VILLAS LLC |
| Seller | 12047 CALIFA LLC |
12053 W Califa St Valley Village 24-Unit Multifamily
Renter demand is supported by a high neighborhood share of renter-occupied housing and steady occupancy, according to WDSuite’s CRE market data. The 2004 vintage positions the asset competitively versus older Valley Village stock.
The property sits in an Urban Core pocket of Valley Village that ranks within the top quartile among 1,441 Los Angeles metro neighborhoods. Restaurants and daily conveniences are within reach, with dining density competitive nationally, while pharmacy and grocery access trend above average; café density and park access are thinner and should be considered in marketing and amenity planning.
Multifamily fundamentals are constructive: neighborhood occupancy trends above national midpoints with recent stability, and the share of renter-occupied housing is high, indicating a deep tenant base that can support leasing and retention. Median contract rents are elevated for the metro, but the local rent-to-income profile suggests manageable affordability pressure, which can aid renewals and measured pricing moves.
Within a 3-mile radius, household counts have inched higher even as population was relatively flat in the last period, implying smaller household sizes and a gradual shift toward more rental households. Looking ahead, population and households are projected to grow by 2028, expanding the renter pool and supporting occupancy. Median home values in the neighborhood are high versus national benchmarks, which tends to reinforce reliance on multifamily rentals and can support lease stability.
Schools average below national midpoints, and café/park scarcity may matter for certain renter segments; however, strong restaurant coverage, childcare density, and proximity to major employment centers offset some of these drawbacks for workforce and professional renters.
Vintage matters for competitive positioning: with a 2004 construction year against an area average build year in the 1970s, the asset should compare favorably to older stock. Investors should still plan for mid-life systems and common-area upgrades to keep pace with newer deliveries.
Safety indicators compare favorably in a regional context, with the neighborhood scoring above national averages. According to CRE market data from WDSuite, both violent and property offense rates show meaningful year-over-year declines, supporting renter retention and leasing narratives without overstating site-specific conditions.
As always with urban Los Angeles locations, performance varies block to block; investors should underwrite with standard operating protocols and rely on trend direction and comparative positioning rather than isolated incidents.
Nearby media and entertainment employers underpin a large professional workforce, supporting renter demand and commute convenience. Key nodes include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Charter Communications — corporate offices (3.3 miles)
- Radio Disney — corporate offices (3.6 miles)
- Disney — corporate offices (4.3 miles) — HQ
- Live Nation Entertainment — corporate offices (6.1 miles)
- Activision Blizzard Studios — corporate offices (7.6 miles)
This 24-unit, 2004-vintage asset offers competitive positioning in a Valley Village neighborhood that is above the metro median on several CRE fundamentals. High renter-occupied housing share and stable neighborhood occupancy support demand resilience, while elevated for-sale home values in the area tend to sustain reliance on rentals and bolster lease retention. According to CRE market data from WDSuite, amenity access is strongest for restaurants, groceries, and pharmacies, aligning with workforce and professional renter preferences.
Forward indicators within a 3-mile radius point to a larger renter base by 2028 as households grow and average household size trends lower. The vintage advantage versus older local stock suggests a light-to-moderate capital plan can keep units competitive; investors should still plan for system modernization and selective common-area refresh to maintain positioning against newer deliveries.
- High renter concentration and steady occupancy support leasing stability
- 2004 construction offers competitive edge versus 1970s-era neighborhood stock
- Elevated home values reinforce reliance on rentals and retention potential
- Risks: below-average school ratings and thinner park/café access may narrow some demand segments