| 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 | 1987 |
| Units | 56 |
| Transaction Date | 2005-07-29 |
| Transaction Price | $10,274,250 |
| Buyer | Toluka Lake Partners, LLC |
| Seller | Blackrock Apartment Value |
4956 N Laurel Canyon Blvd Valley Village Multifamily Investment
56-unit property built in 1987 positioned in a neighborhood ranking 111th among 1,441 metro neighborhoods with 96.4% occupancy rates. Commercial real estate analysis from WDSuite indicates strong renter demand fundamentals with 75.8% of housing units occupied by renters.
Valley Village ranks in the top quartile nationally for housing metrics and amenities, with neighborhood-level occupancy at 96.4% compared to typical metro performance. The area maintains strong renter demand fundamentals, with 75.8% of housing units occupied by renters in a market where median contract rent reaches $1,805. Demographics within a 3-mile radius show 67.3% of households are renters, supporting sustained multifamily demand.
The 1987 construction year aligns with the neighborhood average of 1978, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Median home values of $1.1 million reinforce rental demand as elevated ownership costs keep households in the rental market longer.
Amenity density supports tenant retention with 7.97 grocery stores per square mile ranking 123rd among metro neighborhoods, and restaurant density of 19.94 per square mile. The neighborhood scores in the 78th national percentile for overall amenities, though park access ranks lower. Household income trends show stability with median incomes of $84,704 and 5-year growth of 85.3%.
Demographic projections within the 3-mile radius indicate household growth of 36.9% through 2028, expanding the potential tenant base. The area maintains educational appeal with 36.9% of adults holding bachelor's degrees, ranking in the 94th national percentile and supporting professional renter demand.
The neighborhood demonstrates improving safety trends with property crime rates declining 84.6% over the past year, ranking 109th among 1,441 metro neighborhoods for crime reduction. Current property offense rates of 178.4 per 100,000 residents place the area at the 58th national percentile, indicating moderate safety performance relative to neighborhoods nationwide.
Violent crime rates remain low at 22.3 per 100,000 residents with a 92.9% year-over-year decline, ranking 221st among metro neighborhoods for violent crime reduction. The overall crime rank of 306th among 1,441 neighborhoods places the area in the 78th national percentile for safety, suggesting competitive conditions for tenant retention and property management.
The property benefits from proximity to major entertainment and media employers, providing workforce housing for professionals in established corporate centers.
- 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 technology (6.4 miles)
This 56-unit Valley Village property presents a value-add opportunity in a neighborhood demonstrating strong multifamily fundamentals. Built in 1987, the vintage aligns with area norms while offering potential renovation upside to capture higher rents in a market where contract rents average $1,805. Neighborhood-level occupancy of 96.4% and 75.8% renter-occupied housing units indicate sustained demand stability.
Demographics within a 3-mile radius support long-term rental demand with 36.9% projected household growth through 2028 and 67.3% of area households currently renting. According to CRE market data from WDSuite, the neighborhood ranks 111th among 1,441 metro areas with strong amenity access and improving safety metrics. Median home values exceeding $1 million reinforce rental demand as ownership costs keep households in the multifamily market.
- High neighborhood occupancy at 96.4% with strong renter demand fundamentals
- 36.9% projected household growth through 2028 expanding tenant base
- 1987 vintage offers value-add renovation potential in stable submarket
- Proximity to major entertainment employers including Disney headquarters
- Monitor rent-to-income ratios at 26% indicating potential affordability pressure