| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4950 Laurel Canyon Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1985 |
| Units | 56 |
| Transaction Date | 2018-04-10 |
| Transaction Price | $17,914,803 |
| Buyer | PUR Laurel LLC |
| Seller | --- |
4950 Laurel Canyon Blvd Valley Village Multifamily Investment
This 56-unit property benefits from strong neighborhood-level occupancy at 96.4% and access to major entertainment industry employers within the Los Angeles metro, according to CRE market data from WDSuite.
Valley Village presents a compelling urban core environment with strong rental fundamentals, ranking in the top quartile nationally for housing metrics among 1,441 metro neighborhoods. The area maintains 96.4% occupancy rates with 75.8% of housing units renter-occupied, reflecting sustained demand for multifamily housing in this established market.
The neighborhood's amenity density supports tenant retention, with nearly 8 grocery stores per square mile ranking in the 98th percentile nationally and substantial restaurant and cafe concentrations. Demographic data within a 3-mile radius shows 67.3% of housing units are renter-occupied, with median household income of $90,946 and projected growth to $127,720 by 2028, indicating an expanding renter pool that supports occupancy stability.
Built in 1985, this property aligns with the neighborhood's average construction year of 1978, suggesting consistent building stock without immediate capital expenditure pressures. Current median contract rents of $1,815 have increased 32.8% over five years, with projections reaching $2,486 by 2028, demonstrating pricing power in this established rental market.
Home values averaging $1.1 million create elevated ownership costs that reinforce rental demand, while the rent-to-income ratio indicates affordability considerations for lease management and renewal strategies. The combination of high renter occupancy rates and projected household income growth supports long-term tenant base expansion.
Valley Village demonstrates improving safety trends with property crime rates declining 84.6% year-over-year and violent crime dropping 92.9%, both ranking in the 99th percentile nationally for crime reduction. Current property offense rates of 178 incidents per 100,000 residents place the neighborhood above metro median among 1,441 Los Angeles area neighborhoods.
The neighborhood's overall crime metrics rank in the 78th percentile nationally, reflecting competitive safety performance relative to urban core locations. These improving trends support tenant retention and property values in this established rental market.
The property benefits from proximity to major entertainment and media corporations that anchor the regional employment base, providing workforce housing opportunities for industry professionals.
- Radio Disney — media and entertainment (3.2 miles)
- Charter Communications — telecommunications (4.0 miles)
- Disney — entertainment and media (4.1 miles) — HQ
- Live Nation Entertainment — entertainment services (5.1 miles)
- Activision Blizzard Studios — gaming and entertainment (6.4 miles)
This 56-unit Valley Village property capitalizes on strong neighborhood fundamentals including 96.4% occupancy rates and 75.8% renter-occupied housing stock, positioning it within a stable rental market. The 1985 construction year aligns with area norms while demographic projections show household income growth from $90,946 to $127,720 by 2028, supporting rent growth potential. Commercial real estate analysis indicates the location benefits from proximity to major entertainment industry employers and elevated home ownership costs that sustain rental demand.
The neighborhood's top-quartile national housing ranking and improving safety metrics create favorable conditions for tenant retention and property performance. With projected rent increases to $2,486 by 2028 and expanding renter household formation, the fundamentals support long-term occupancy stability in this urban core location.
- Strong occupancy fundamentals with 96.4% neighborhood rates and 75.8% renter tenure
- Proximity to Disney headquarters and major entertainment employers within 6 miles
- Projected household income growth of 40% by 2028 supporting rent escalation
- High ownership costs ($1.1M median home values) reinforce rental market demand
- Risk consideration: Monitor rent-to-income ratios for lease renewal sensitivity