| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12647 Burbank Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1983 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12647 Burbank Blvd Valley Village Multifamily Investment
This 30-unit property benefits from strong neighborhood occupancy of 95.6% and a high-density rental market where 60.4% of housing units are renter-occupied, according to CRE market data from WDSuite.
Valley Village presents an established urban core environment with strong rental fundamentals. The neighborhood ranks in the top quartile nationally for housing metrics, supported by a 60.4% renter-occupied housing share that creates consistent demand for multifamily properties. Neighborhood-level occupancy reaches 95.6%, indicating stable absorption and tenant retention across the area.
Built in 1983, this property aligns with the neighborhood's average construction year of 1973, positioning it competitively within the local building stock while offering potential value-add opportunities through strategic capital improvements. The area demonstrates solid rental pricing power with median contract rents of $1,850, reflecting the 89th national percentile for rent levels.
Demographics within a 3-mile radius show a mature rental market with 255,522 residents and strong household income fundamentals. The median household income of $84,524 supports rental demand, while forecasted population growth to 266,211 by 2028 indicates expanding tenant pools. High grocery store density (4.6 per square mile, 95th national percentile) and restaurant access (16.1 per square mile, 95th national percentile) enhance tenant appeal and retention prospects.
Home values averaging $950,826 reinforce rental demand by maintaining elevated ownership costs that sustain renter reliance on multifamily housing. With 31.5% of residents holding bachelor's degrees (87th national percentile), the area attracts educated professionals who value rental flexibility and neighborhood amenities.
Valley Village demonstrates favorable safety trends for multifamily investors. The neighborhood ranks 257th among 1,441 metro neighborhoods for overall crime, placing it in the 80th national percentile for safety performance compared to neighborhoods nationwide.
Property crime rates show significant improvement, with an 82.1% year-over-year decline that ranks in the 98th national percentile for crime reduction. Violent crime rates are notably low at 7.3 incidents per 100,000 residents, with a 97.4% annual decrease that places the area in the top tier nationally for violent crime improvement. These positive safety trends support tenant retention and property values.
The Valley Village area benefits from proximity to major entertainment and corporate employers that provide stable workforce housing demand.
- Radio Disney — media and entertainment (4.1 miles)
- Charter Communications — telecommunications (4.1 miles)
- Disney — entertainment and media (4.9 miles) — HQ
- Live Nation Entertainment — entertainment services (6.2 miles)
- Activision Blizzard Studios — gaming and technology (7.3 miles)
This 30-unit Valley Village property offers compelling fundamentals anchored by strong neighborhood occupancy of 95.6% and a rental-dominant housing market. Built in 1983, the property presents value-add potential through strategic improvements while benefiting from an established location with high amenity density. The area's 60.4% renter-occupied housing share creates consistent demand, while proximity to major entertainment employers like Disney and Charter Communications supports workforce housing needs.
Demographic projections within a 3-mile radius show population growth to 266,211 by 2028, expanding the potential tenant base. Strong educational attainment (31.5% with bachelor's degrees) and elevated home values of $950,826 reinforce rental demand by maintaining ownership barriers that sustain multifamily housing reliance. According to multifamily property research from WDSuite, the neighborhood's 89th national percentile rent levels and top-quartile housing metrics indicate pricing power and market stability.
- Strong occupancy fundamentals with 95.6% neighborhood-level performance
- Value-add opportunity through strategic capital improvements on 1983 vintage
- Rental-dominant market with 60.4% renter-occupied housing units
- Growing tenant base with forecasted population increase to 266,211 by 2028
- Risk consideration: Monitor rent-to-income ratios at 27% for affordability pressures