| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 86th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4550 Laurel Canyon Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1986 |
| Units | 39 |
| Transaction Date | 1994-12-20 |
| Transaction Price | $1,825,000 |
| Buyer | WONG KIN C |
| Seller | RIO GRANDE PROPERTIES III LP |
4550 Laurel Canyon Blvd Valley Village Multifamily Investment
The neighborhood ranks in the top quartile nationally for housing fundamentals with 95.1% occupancy and strong renter demand, according to CRE market data from WDSuite.
This Valley Village neighborhood ranks in the top quartile nationally for housing fundamentals (40th of 1,441 metro neighborhoods) with 95.1% occupancy supporting stable rental demand. The area maintains a 54.6% renter-occupied unit share, creating a substantial tenant base for multifamily properties.
Built in 1986, this 39-unit property aligns with the neighborhood's average construction year of 1983, suggesting consistent building stock without significant vintage disadvantages. Median contract rents of $1,859 have grown 25.2% over five years, indicating pricing power in the local rental market.
Demographics within a 3-mile radius show 66.1% of housing units are renter-occupied, with median household income of $96,517. Population forecasts indicate 6.8% growth through 2028, expanding the potential tenant base. High home values with a median of $1.31 million reinforce rental demand as elevated ownership costs keep households in the multifamily market.
The neighborhood offers strong amenity density with 26.16 restaurants per square mile (98th percentile nationally) and adequate childcare access (94th percentile nationally). School ratings average 4.0 out of 5, ranking in the 84th percentile nationally, supporting family tenant retention.
Property crime rates have declined significantly with a 78.2% reduction over the past year, ranking in the 97th percentile nationally for improvement. Current property offense rates of 311.7 per 100,000 residents place the neighborhood near the metro median (634th of 1,441 neighborhoods).
Violent crime remains low at 18.3 incidents per 100,000 residents, with an 89.9% year-over-year decline ranking in the 99th percentile for safety improvement. Overall crime performance ranks in the 76th percentile nationally, indicating above-average safety conditions relative to comparable neighborhoods.
The area benefits from proximity to major entertainment and media employers, providing workforce housing opportunities for creative industry professionals.
- Radio Disney — media & entertainment (3.1 miles)
- Disney — entertainment & media (4.1 miles) — HQ
- Charter Communications — telecommunications (4.3 miles)
- Live Nation Entertainment — entertainment & events (4.7 miles)
- Live Nation Entertainment — entertainment & events (5.5 miles) — HQ
This 39-unit Valley Village property offers stable multifamily fundamentals in a neighborhood ranking in the top quartile nationally for housing metrics. Occupancy of 95.1% exceeds many metro areas, while 25.2% rent growth over five years demonstrates pricing power. The 1986 construction year aligns with neighborhood norms, minimizing relative obsolescence concerns.
Demographics within a 3-mile radius support long-term rental demand with 6.8% population growth forecast through 2028 and median home values of $1.31 million reinforcing renter reliance on multifamily housing. Commercial real estate analysis from WDSuite indicates the neighborhood's 66.1% renter-occupied unit share creates substantial tenant depth for sustained occupancy.
- Top quartile housing fundamentals with 95.1% neighborhood occupancy
- Strong rent growth of 25.2% over five years indicating pricing power
- 6.8% population growth forecast expanding potential tenant base
- Proximity to major entertainment employers supporting workforce housing demand
- Risk consideration: High home values may face affordability pressure affecting rental market dynamics