| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12623 W Burbank Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1983 |
| Units | 30 |
| Transaction Date | 2005-08-31 |
| Transaction Price | $4,550,000 |
| Buyer | Village Gardens, LLC |
| Seller | Gura Family Trust (et al) |
12623 W Burbank Blvd Valley Village Multifamily Investment
Neighborhood occupancy trends sit above national norms with a sizable renter base, supporting stable leasing fundamentals, according to WDSuite’s CRE market data. High-cost ownership in Valley Village further sustains renter demand near the property.
The property sits in Valley Village within the Los Angeles-Long Beach-Glendale metro, where neighborhood fundamentals skew favorable for multifamily investors. Neighborhood occupancy is above the national average (top quartile nationally by WDSuite metrics), and NOI per unit in the area is competitive, signaling pricing power in stabilized assets relative to many U.S. neighborhoods.
Amenity access trends mixed: restaurants and groceries are dense compared with national norms (both around the mid-90s percentiles), while cafes, parks, and pharmacies are comparatively sparse. For investors, this mix often supports daily convenience while highlighting potential for curated on-site amenities to differentiate.
Tenure patterns indicate depth in the tenant base. Within a 3-mile radius, roughly two-thirds of housing units are renter-occupied, reinforcing demand stability and supporting lease-up and retention strategies. Neighborhood rent levels rank in the upper deciles nationally, and the local rent-to-income profile points to manageable but real affordability pressure — a consideration for renewal management and unit mix pricing.
Demographics aggregated within a 3-mile radius show a broad working-age cohort and a rising share of higher-income households over time. While the recent period saw a modest population dip, WDSuite’s outlook points to population growth ahead and a notable increase in households alongside smaller household sizes — dynamics that typically expand the renter pool and support occupancy stability.
For-sale housing costs rank among the highest nationally, and value-to-income ratios are elevated. In investment terms, this high-cost ownership market tends to sustain reliance on multifamily housing, bolstering renter demand and supporting rent durability, particularly for well-located workforce and mid-market units.
Based on WDSuite neighborhood analytics, Valley Village ranks within the safer tier of Los Angeles metro neighborhoods (top quartile among 1,441 metro neighborhoods) and sits around the 80th percentile for safety compared with neighborhoods nationwide. Recent WDSuite estimates also indicate meaningful year-over-year declines in both violent and property offenses, suggesting an improving trend rather than a static condition.
As with any urban-core location, safety can vary by block and over time. Investors typically pair neighborhood-level trends with property-specific measures and lighting, access control, and management practices to support resident confidence and retention.
The area draws from a diverse base of nearby corporate offices that support renter demand through short commutes, including Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and AECOM.
- Radio Disney — corporate offices (4.0 miles)
- Charter Communications — corporate offices (4.1 miles)
- Disney — corporate offices (4.9 miles) — HQ
- Live Nation Entertainment — corporate offices (6.8 miles) — HQ
- AECOM — corporate offices (7.8 miles) — HQ
Built in 1983, the property is newer than the neighborhood’s average vintage, giving it a relative competitiveness edge versus older stock while still warranting targeted modernization planning for systems and finishes. Renter demand is supported by a large renter-occupied base within 3 miles, above-average neighborhood occupancy, and proximity to major employers, which together underpin leasing stability.
High for-sale home values in Valley Village indicate a high-cost ownership market, reinforcing multifamily reliance and aiding pricing power when operations are well managed. Additionally, according to CRE market data from WDSuite, neighborhood occupancy and NOI-per-unit performance compare favorably with national benchmarks, while forward projections point to growth in households and a smaller average household size — trends that can expand the renter pool. Key watch items include affordability pressure, uneven amenity coverage (parks/cafes), and typical urban safety considerations.
- 1983 vintage offers a relative edge versus older local stock, with value-add potential through selective modernization
- Large nearby renter base and above-average neighborhood occupancy support stable leasing and retention
- High-cost ownership market sustains multifamily demand and pricing power for well-managed assets
- Employer proximity (media, entertainment, engineering) supports demand from commuters
- Risks: affordability pressure, uneven amenity mix, and standard urban safety considerations