| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 90th | Best |
| Amenities | 23rd | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12244 Riverside Dr, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12244 Riverside Dr, Valley Village Multifamily Investment
Positioned in a high-cost ownership pocket of Valley Village, neighborhood renter demand is supported by elevated home values and a majority renter-occupied housing stock within 3 miles, according to WDSuite’s CRE market data.
Valley Village scores a B+ neighborhood rating and is competitive among Los Angeles-Long Beach-Glendale neighborhoods, ranking 442 out of 1,441. Local housing fundamentals indicate steady renter demand: the neighborhood’s occupancy is above national norms, and renter concentration is high at the neighborhood level, signaling depth in the tenant base for multifamily operators.
Amenities trend mixed. Grocery access is comparatively strong versus many U.S. neighborhoods, but café, park, and pharmacy density are thin nearby, which puts a premium on convenient on-site features and walkable services along key corridors. Restaurant availability lands around national mid-range. For investors, this suggests demand is more driven by location access and employment nodes than by immediate lifestyle clustering.
Home values here are elevated (top national percentiles), which typically sustains reliance on rental housing and supports pricing power and lease retention for well-managed assets. Neighborhood median contract rents benchmark higher than most areas nationally, while rent-to-income readings point to manageable affordability pressure relative to similar high-cost submarkets—helpful for renewal performance and downside protection.
Within a 3-mile radius, demographics show a large, diversified renter pool with smaller average household sizes trending over time. Forward-looking estimates point to growth in households and incomes, implying a larger tenant base and support for occupancy stability. These dynamics, based on CRE market data from WDSuite, align with an operator thesis focused on professional renters drawn to Valley Village and adjacent Studio City/Sherman Oaks employment corridors.
Safety trends compare favorably in a national context, landing in higher national percentiles for overall and violent offense measures. Recent data also indicates a sharp year-over-year improvement in property and violent offense rates, suggesting positive momentum versus broader urban peers.
Within the Los Angeles metro, comparative rankings can vary by neighborhood; investors should interpret conditions as generally above national averages with improving trends rather than make block-level assumptions. Framing risk and operations accordingly—lighting, access control, and visible management—can help sustain leasing velocity and retention.
The location draws from a broad Westside–Valley employment base anchored by media, entertainment, telecom, and infrastructure firms, supporting workforce stability and commute convenience for renters. Notable nearby employers include Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and AECOM.
- Radio Disney — media & entertainment (3.37 miles)
- Charter Communications — telecommunications (4.31 miles)
- Disney — media & entertainment (4.31 miles) — HQ
- Live Nation Entertainment — media & entertainment (5.74 miles) — HQ
- AECOM — engineering & infrastructure (6.87 miles) — HQ
12244 Riverside Dr is a 30-unit asset positioned in a renter-heavy pocket of Valley Village where elevated ownership costs sustain multifamily demand. Neighborhood occupancy trends sit above national norms, and household growth within 3 miles is projected to expand the tenant base, supporting leasing stability and renewal potential. According to CRE market data from WDSuite, local rents benchmark high nationally while rent-to-income indicators suggest manageable pressure for the area, favoring retention for quality operations.
Built in 1986, the property likely benefits from competitive unit sizes and layout efficiency typical of its era, while leaving room for targeted value-add—kitchens/baths, in-unit amenities, and building systems—tied to renter expectations in a high-income trade area. Proximity to major media and infrastructure employers further underpins weekday occupancy and mid- to long-term demand.
- Renter-heavy area with elevated home values, reinforcing depth of demand and pricing power
- Neighborhood occupancy above national averages supports income stability
- 1986 vintage offers clear, programmatic value-add and CapEx planning opportunities
- Access to major entertainment, telecom, and infrastructure employers supports leasing
- Risk: thinner nearby café/park amenities may require stronger on-site features and resident programming