| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5038 Laurel Canyon Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1987 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5038 Laurel Canyon Blvd Valley Village Multifamily
Renter concentration is high and neighborhood occupancy has held firm, supporting income durability for a 23-unit asset in Los Angeles County, according to CRE market data from WDSuite.
Positioned in Valley Village’s Urban Core, the property benefits from a neighborhood rated A and ranked 111 of 1,441 in the Los Angeles-Long Beach-Glendale metro—top quartile among metro neighborhoods. Neighborhood occupancy is strong and in the top quartile nationally, indicating stable leasing conditions rather than property-specific performance.
Daily convenience is a differentiator: grocery, cafe, restaurant, and pharmacy density all sit well above national medians, supporting walkable lifestyles and tenant retention. Park access is limited within the neighborhood, so on-site or nearby private amenities can matter more in marketing and renewal conversations.
Renter-occupied share is high at the neighborhood level (approximately three-quarters of housing units), signaling a deep tenant base for multifamily and helping sustain leasing velocity. Median contract rents in the neighborhood have grown over five years while the rent-to-income ratio trends near national lows, suggesting some headroom for disciplined revenue management compared with many coastal submarkets.
Within a 3-mile radius, demographics indicate a large and economically diverse population, with median household incomes trending upward and forecasts showing modest population growth and a notable increase in households alongside smaller average household sizes. For investors, more households with fewer people per unit generally supports a larger tenant base and can help maintain occupancy stability over time.
Home values in the neighborhood are elevated relative to income, characteristic of a high-cost ownership market in Los Angeles. This backdrop typically sustains reliance on rental housing and can support pricing power and retention for well-managed assets. Average school ratings are around the national middle, which is competitive for an infill Los Angeles location but not a primary demand driver.
The asset’s 1987 vintage is newer than the neighborhood’s average construction year, helping competitive positioning versus older housing stock. Investors should still plan for selective modernization of building systems and finishes to meet renter expectations and to capture value-add upside where feasible.
Neighborhood safety indicators compare favorably, placing the area in the top quartile nationally. Recent data show pronounced year-over-year declines in both property and violent offense rates—among the strongest improvements nationwide—which can support tenant retention and leasing stability.
Conditions can vary by block and over time across infill Los Angeles. Investors should confirm site-level security measures and continue to track trend data alongside property operations.
Proximity to entertainment and media corporate offices supports a steady renter base and commute convenience, including Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — corporate offices (3.2 miles)
- Charter Communications — corporate offices (3.9 miles)
- Disney — corporate offices (4.1 miles) — HQ
- Live Nation Entertainment — corporate offices (5.2 miles)
- Activision Blizzard Studios — corporate offices (6.6 miles)
5038 Laurel Canyon Blvd is a 23-unit, 1987-vintage asset positioned in an A-rated Los Angeles metro neighborhood with top-quartile occupancy and strong amenity access. High renter concentration at the neighborhood level and elevated ownership costs support depth of demand and retention, while the property’s newer-than-average vintage offers a platform for targeted upgrades. According to CRE market data from WDSuite, neighborhood rents and occupancy trends have remained resilient relative to national patterns.
Within a 3-mile radius, forecasts point to modest population growth and a larger increase in households as average household size declines—factors that typically expand the renter pool and support occupancy stability. The location’s convenience to major employers further underpins leasing velocity, though operators should account for park scarcity and monitor cyclical employment exposure when planning amenities and renewal strategies.
- Top-quartile neighborhood occupancy and amenity density support stable leasing
- High renter-occupied share indicates a deep local tenant base
- 1987 vintage provides value-add potential via selective modernization
- Risks: limited park access; monitor employment cyclicality and maintain strong on-site security practices