| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 83rd | Best |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4915 Whitsett Ave, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 2009 |
| Units | 20 |
| Transaction Date | 2001-01-08 |
| Transaction Price | $440,000 |
| Buyer | GOODRICH MICHAEL M |
| Seller | FISHER CHARLOTTE |
4915 Whitsett Ave, Valley Village Multifamily in Core LA
Built in 2009, this 20-unit asset competes well against older local stock and benefits from steady neighborhood occupancy, according to WDSuite s CRE market data. The core Valley Village location supports durable renter demand relative to the broader Los Angeles metro.
Valley Village is an Urban Core pocket rated B+ and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (471 out of 1,441). Relative to the metro s older vintage (average construction year 1978), a 2009 asset positions well on finishes and systems, which can aid leasing and reduce near-term capital exposure compared with pre-1990 inventory.
Neighborhood occupancy is above national norms (73rd percentile nationally), a constructive backdrop for income stability. Within a 3-mile radius, about two-thirds of housing units are renter-occupied, indicating a deep tenant base that can support lease-up and retention. Median household incomes in the 3-mile area have trended higher in recent years, while smaller household sizes point to sustained demand for professionally managed apartments.
Local daily conveniences are mixed: restaurant density sits around the 90th percentile nationally and pharmacies are plentiful (above the 90th percentile), yet cafes, groceries, and parks are relatively sparse in the immediate neighborhood. For investors, this suggests strong dining and service access but limited green space and boutique retail within close proximity, with many residents likely drawing on adjacent Studio City, Sherman Oaks, and North Hollywood for additional amenities.
Home values rank near the top nationally, reinforcing that this is a high-cost ownership market. Elevated ownership costs tend to sustain reliance on multifamily housing and can support pricing power, though lease management should account for rent-to-income pressure where present. These dynamics, coupled with favorable demographics within 3 miles and above-median housing metrics (top quartile nationally), underpin the submarket s attractiveness for long-term multifamily property research.
Safety indicators are mixed but generally favorable in a national context. The neighborhood scores in the top quartile nationally for both violent and property safety, yet within the Los Angeles metro it ranks closer to areas with higher reported crime concentration (76 out of 1,441). For investors, this translates to relatively strong national positioning with typical big-metro variability block to block.
Trend-wise, recent year-over-year estimates indicate notable declines in both violent and property incidents, suggesting improving conditions versus the prior year. As always, underwriting should rely on property-level measures and daytime vs. nighttime patterns rather than block-level assumptions.
Proximity to major media and communications employers supports a robust renter base and commute convenience for workforce and professional households. Nearby anchors include Radio Disney, Charter Communications, Disney, and Live Nation Entertainment.
- Radio Disney 4 corporate offices (3.7 miles)
- Charter Communications 4 corporate offices (4.4 miles)
- Disney 4 corporate offices (4.6 miles) 4 HQ
- Live Nation Entertainment 4 corporate offices (5.4 miles)
- Live Nation Entertainment 4 corporate offices (5.9 miles) 4 HQ
4915 Whitsett Ave offers a 2009 vintage, giving it a competitive edge versus the metro s older stock while still leaving room for targeted modernization to enhance rents and retention. Neighborhood occupancy trends sit above national averages, and within a 3-mile radius, a large renter pool and rising household incomes point to durable demand. High ownership costs in surrounding areas tend to sustain reliance on professionally managed rentals, supporting long-term leasing fundamentals.
Forward-looking indicators are constructive: within a 3-mile radius, population and household counts are projected to expand, indicating a larger tenant base and support for occupancy stability. According to CRE market data from WDSuite, the area s rents have trended upward and remain aligned with a high-cost ownership market delivering pricing power but requiring careful attention to rent-to-income ratios and lease management.
- 2009 construction competes well versus older neighborhood stock, with selective value-add potential
- Above-national occupancy and deep renter concentration support leasing stability
- High-cost ownership context bolsters multifamily demand and pricing power
- Proximity to major media and communications employers underpins tenant demand
- Risks: rent-to-income pressure and limited immediate green space/amenities warrant active lease and asset management