| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4956 N Laurel Canyon Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1985 |
| Units | 56 |
| Transaction Date | 2018-03-29 |
| Transaction Price | $17,900,000 |
| Buyer | PUR LAUREL LLC |
| Seller | LAUREL CANYON TOWERS APARTMENTS LLC |
4956 N Laurel Canyon Blvd Valley Village Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite’s CRE market data. The area’s high renter concentration and strong amenity access support leasing resilience relative to the broader Los Angeles metro.
Situated in Valley Village within the Los Angeles-Long Beach-Glendale metro, the neighborhood scores an A rating and ranks competitively among 1,441 metro neighborhoods, signaling strong overall livability for multifamily renters. Amenity density is a clear strength: grocery and restaurant access score in the high national percentiles, with cafes and pharmacies also testing well above most U.S. neighborhoods. This level of convenience typically supports leasing velocity and renewal capture for workforce and professional tenants.
Multifamily dynamics are favorable at the neighborhood level: occupancy is strong (above many U.S. neighborhoods), and the share of housing units that are renter-occupied is high, indicating a deep tenant base and consistent demand for professionally managed apartments. Median contract rents in the neighborhood sit in the upper national percentiles, while the rent-to-income ratio trends lower than many coastal submarkets—together implying pricing power with moderated affordability pressure that can aid retention.
Home values measure in the upper national percentiles, reflecting a high-cost ownership market that tends to reinforce reliance on multifamily housing and supports long-term renter depth. By contrast, park access is limited locally, and average school ratings hover near the national middle; both are manageable considerations but worth underwriting for family-oriented product positioning.
For the asset itself, the 1985 vintage is slightly newer than the neighborhood’s average construction year (1978). That positioning can reduce near-term systems risk versus older stock while still leaving room for selective value-add or modernization to maintain competitive finishes against newer deliveries.
Demographic indicators aggregated within a 3-mile radius show stable-to-improving fundamentals for multifamily: households have held roughly steady recently and are projected to increase alongside rising median incomes, while average household size is expected to trend smaller. These shifts typically expand the renter pool and support occupancy stability for well-located, professionally managed properties.
Relative to the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, the area ranks in a stronger (safer) cohort, and it sits in the top quartile nationally for safety based on WDSuite’s data. Recent year-over-year estimates indicate notable declines in both property and violent offenses, reinforcing an improving trend rather than a one-off reading.
As always, safety varies by corridor and over time; investors should evaluate block-level patterns during diligence. At the neighborhood scale, however, comparative metrics point to conditions that are above the metro average and supportive of renter retention.
Proximity to major media, entertainment, and telecom employers underpins a deep white-collar renter base and short commutes that can support leasing stability for nearby multifamily assets. Employers highlighted below represent key demand drivers within a roughly 3–8 mile radius.
- Radio Disney — media offices (3.2 miles)
- Charter Communications — telecommunications (4.0 miles)
- Disney — entertainment HQ (4.1 miles) — HQ
- Live Nation Entertainment — live entertainment HQ (6.0 miles) — HQ
- AECOM — engineering & infrastructure HQ (7.1 miles) — HQ
4956 N Laurel Canyon Blvd offers 56 units in a neighborhood with strong renter fundamentals, high amenity access, and occupancy that trends above many U.S. neighborhoods. Based on commercial real estate analysis from WDSuite, the local ownership market is high-cost, which typically sustains rental demand and supports pricing power for quality assets. The property’s 1985 vintage is modestly newer than the area’s average stock, suggesting manageable systems exposure with potential for targeted renovations to enhance rent positioning against newer product.
Within a 3-mile radius, households are projected to grow alongside rising incomes and smaller average household sizes, which can expand the renter pool and support occupancy stability. While park access is limited and schools average near mid-range, the concentration of nearby employers and the neighborhood’s competitive safety profile help underpin leasing and retention for professionally managed multifamily.
- Strong neighborhood metrics and high amenity access support leasing velocity and renewals.
- High-cost ownership market reinforces reliance on rentals and pricing power potential.
- 1985 vintage provides manageable systems exposure with value-add/modernization upside.
- Employer proximity and a projected expansion of the renter pool support occupancy stability.
- Risks: limited park access and mid-range schools; underwrite capex and finishes to remain competitive.