| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 88th | Best |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12819 Riverside Dr, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1987 |
| Units | 59 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12819 Riverside Dr Valley Village Multifamily Asset
Positioned in an Urban Core pocket of Valley Village with steady neighborhood occupancy, this 59-unit 1987-vintage asset benefits from a deep renter base and high-cost homeownership dynamics, according to WDSuite’s CRE market data. Neighborhood figures reflect area-wide conditions, not the property itself.
The property sits in a high-performing Valley Village neighborhood rated A and ranked 164 out of 1,441 Los Angeles metro neighborhoods—top quartile nationally for overall quality. Pharmacy access is particularly strong (near the 99th percentile nationwide), with grocery options also competitive (around the 90th percentile), while restaurants are above average; immediate park and café densities are limited, suggesting tenants rely on nearby districts for green space and coffee shop options.
Renter demand is well supported by a high renter-occupied share at the neighborhood level and a neighborhood occupancy rate that has remained above national medians, which helps underpin leasing stability. Median contract rents in the neighborhood track toward the higher end of national comparisons, while rent-to-income ratios approximate 0.22—an investor-friendly signal for retention and renewal management. Elevated home values in this part of Los Angeles mean ownership is a high-cost alternative, which tends to reinforce multifamily demand and pricing power.
Within a 3-mile radius, demographics indicate a sizable adult population with household incomes trending upward and households projected to grow through the next five years, supporting a larger tenant base and lease-up resilience. Forecasts point to modest population growth alongside a meaningful increase in households and smaller average household sizes—conditions that often translate into more renters entering the market and sustained demand for unit mixes that balance space and value, based on WDSuite’s multifamily property research.
The asset’s 1987 construction is newer than the neighborhood’s average vintage (1974), providing relative competitiveness versus older local stock. Investors should still underwrite routine modernization of systems and interiors to enhance positioning against newer deliveries and to capture value-add upside where feasible.
Neighborhood safety indicators compare favorably within the Los Angeles metro and against national benchmarks. Overall crime ranks 180 out of 1,441 metro neighborhoods, translating to performance that is competitive among Los Angeles neighborhoods and in the top quartile nationally. Violent offense levels align with stronger-than-average national standing, while property offenses are closer to midrange nationwide.
Recent trends show notable year-over-year improvements in both violent and property offense indicators, with declines that place the neighborhood among the stronger improvers nationally. These figures describe neighborhood conditions rather than the property itself and should be paired with current due diligence and local enforcement trends for a complete picture.
Proximity to major media and corporate employers supports a durable renter pool seeking commute convenience and professional services. Notable nearby employers include Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — corporate offices (4.1 miles)
- Charter Communications — corporate offices (4.8 miles)
- Disney — corporate offices (5.0 miles) — HQ
- Live Nation Entertainment — corporate offices (5.8 miles) — HQ
- Activision Blizzard Studios — corporate offices (6.3 miles)
12819 Riverside Dr offers a 59-unit, 1987-vintage profile in a top-quartile Los Angeles neighborhood where elevated ownership costs and strong renter orientation support demand depth. Neighborhood rents sit toward the higher end of national comparisons, yet rent-to-income levels suggest manageable affordability pressure—favorable for renewal strategies and occupancy stability, according to CRE market data from WDSuite. The vintage positions the asset ahead of older local stock, with scope for targeted upgrades to capture value-add upside.
Within a 3-mile radius, households are projected to increase notably over the next five years, even as average household size trends smaller—conditions that typically expand the renter pool and support leasing. Coupled with proximity to major media and corporate employers, the location fundamentals align with sustained tenant demand; key watchpoints include limited immediate park/café density and the need to budget for ongoing modernization.
- Newer-than-area vintage (1987) supports competitive positioning versus older stock
- High-cost ownership market reinforces multifamily reliance and pricing power
- 3-mile radius outlook shows household growth and a larger renter base
- Rents lean high nationally but rent-to-income levels support retention management
- Risks: limited immediate park/café options and ongoing capex for modernization