| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 83rd | Best |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5000 Whitsett Ave, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1978 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5000 Whitsett Ave, Valley Village Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to CRE market data from WDSuite, with pricing power supported by a high-cost ownership landscape. Investors should note that occupancy reflects neighborhood performance, not this specific property.
The Valley Village location is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 471 out of 1,441, neighborhood rating B+), offering a balanced mix of urban convenience and residential stability. Restaurant density trends high versus national peers, while pharmacies are well represented; cafes, groceries, and parks are less concentrated within the immediate neighborhood footprint.
Renter demand is supported by elevated home values locally, which tends to sustain reliance on multifamily housing and enhance lease retention. Neighborhood occupancy is above the national median, reinforcing the case for income stability at the area level rather than for a single asset.
Within a 3-mile radius, 67.8% of housing units are renter-occupied, indicating a deep tenant base that supports leasing velocity and renewals. Median household income in this radius is solid and has been trending upward, which can help absorb rent growth over time.
Demographic patterns within 3 miles show a modest population pullback in recent years alongside a slight increase in household counts and smaller average household sizes. Looking ahead, population and households are projected to grow by 2028, expanding the renter pool and supporting occupancy stability, based on CRE market data from WDSuite.
Relative safety compares favorably both nationally and across the Los Angeles-Long Beach-Glendale metro. The neighborhood scores in the top quartile nationally on safety indicators and performs above the metro average (crime rank 76 out of 1,441 metro neighborhoods), suggesting comparatively lower incident rates than many peer areas.
Recent trend data also point to notable year-over-year declines in both violent and property offense estimates. While conditions can vary block to block and over time, the directional improvement and strong comparative standing offer useful context for underwriting.
Nearby corporate offices provide a diverse employment base that can support workforce housing demand and resident retention, including media, communications, and engineering anchors listed below.
- Radio Disney — corporate offices (3.7 miles)
- Charter Communications — communications (4.4 miles)
- Disney — entertainment (4.6 miles) — HQ
- Live Nation Entertainment — entertainment (6.0 miles) — HQ
- Activision Blizzard Studios — entertainment & gaming (6.5 miles)
This 24-unit asset sits in a high-cost ownership market where elevated home values reinforce multifamily demand and support lease retention. Neighborhood occupancy trends above the national median and renter concentration within 3 miles is substantial, indicating depth in the tenant base. According to CRE market data from WDSuite, neighborhood rents have grown meaningfully over the past five years, and the area’s pharmacy and restaurant density adds day-to-day convenience even as certain amenities are less concentrated nearby.
Forward-looking demographics within a 3-mile radius indicate population growth and a larger household count by 2028, alongside shrinking household sizes—dynamics that typically expand the renter pool and support occupancy stability. At the same time, a relatively high rent-to-income ratio in the neighborhood suggests affordability pressure to manage through leasing strategy and renewal pacing.
- High-cost ownership market sustains renter reliance and supports pricing power
- Above-median neighborhood occupancy and strong renter concentration support income durability
- Projected growth in population and households within 3 miles expands the tenant base
- Local restaurant and pharmacy density enhances day-to-day convenience for residents
- Risk: elevated rent-to-income levels may require careful lease management and renewal strategies