| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5242 Radford Ave, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1973 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5242 Radford Ave, Valley Village Multifamily Investment
Positioned in a top-quartile Los Angeles submarket, the property benefits from high neighborhood occupancy and a deep renter pool, according to WDSuite’s CRE market data. Investors should view this as a demand-durable location where renter reliance on multifamily housing supports steady leasing.
Valley Village ranks among the top quartile of 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods (overall A rating), indicating competitive fundamentals for multifamily. Neighborhood occupancy trends sit in the higher national percentiles, supporting stable cash flow, while net operating income per unit performs strongly versus national peers.
Daily-life amenities are a strength: cafes, restaurants, groceries, pharmacies, and childcare options all index well above national norms, which helps tenant retention and absorption. School ratings are roughly middle-of-the-pack nationally, which may temper premium family demand but still supports a broad renter base.
Housing dynamics point to sustained multifamily demand. The share of renter-occupied units in the neighborhood is high, indicating a sizable tenant base and depth for leasing. Elevated home values (top national percentiles) characterize a high-cost ownership market that tends to reinforce reliance on rental housing and can support pricing power and lease retention.
Demographic statistics aggregated within a 3-mile radius show households have edged up recently, and projections indicate further household growth alongside smaller average household sizes over the next five years—both supportive of a larger renter pool and occupancy stability. Rent levels benchmark above national medians, but rent-to-income ratios trend comparatively favorable, which can aid renewals and limit turnover risk.
Vintage matters for underwriting: built in 1973 versus a neighborhood average near the late-1970s, the asset skews modestly older—creating potential for value-add through interior upgrades and building system modernization, alongside prudent capital planning.
Safety compares favorably: the neighborhood performs in the higher national percentiles for safety and is competitive among Los Angeles neighborhoods, placing in the top quartile among 1,441 metro neighborhoods. This relative standing is consistent with investor expectations for renter retention and leasing stability in core LA submarkets.
Recent trend signals are constructive, with estimated violent and property offense rates improving year over year according to WDSuite’s data. While conditions can vary by block and over time, the directional improvement and above-metro positioning support a balanced, context-driven risk view for underwriting.
Proximity to media, telecom, entertainment, and engineering employers supports a robust renter base and commute convenience for talent drawn to nearby office and studio hubs. The following anchors are within an approximately 8-mile radius and help sustain leasing depth.
- Radio Disney — media (3.0 miles)
- Charter Communications — telecom (3.6 miles)
- Disney — entertainment (3.9 miles) — HQ
- Live Nation Entertainment — entertainment (5.3 miles)
- AECOM — engineering & infrastructure (7.5 miles) — HQ
5242 Radford Ave sits in a demand-resilient Valley Village location characterized by high neighborhood occupancy, strong amenity density, and a large renter-occupied housing base. Elevated for-sale home values in the area create a high-cost ownership backdrop that typically sustains reliance on multifamily housing, supporting pricing power and retention. Built in 1973, the asset is slightly older than the neighborhood average, presenting value-add and capex planning opportunities to strengthen competitive positioning.
According to CRE market data from WDSuite, the neighborhood places in higher national percentiles on occupancy and NOI per unit, while 3-mile demographic data indicates growing household counts and a forecast increase in households—signals that expand the tenant base and support leasing stability. Key risks to underwrite include limited nearby park acreage and exposure to entertainment and media employment cycles, which can introduce variability during downturns; however, the area’s employer density and amenity access help mitigate volatility.
- High neighborhood occupancy and deep renter-occupied housing base support stable leasing
- High-cost ownership market reinforces multifamily demand and retention potential
- 1973 vintage offers value-add and system modernization upside with targeted capex
- Strong amenity and employer access underpin renter demand and lease-up velocity
- Risks: limited park access and cyclical exposure to media/entertainment employment