| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5266 Corteen Pl, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5266 Corteen Pl, Valley Village Multifamily Opportunity
Neighborhood fundamentals point to durable renter demand and solid occupancy, according to WDSuite s CRE market data, with ownership costs in this Los Angeles submarket reinforcing the rental preference. A 1972 vintage suggests potential value-add through targeted renovations and systems updates.
The property sits in Valley Village s Urban Core, where the neighborhood holds an A rating and ranks 111 out of 1,441 Los Angeles metro neighborhoods placing it in the top quartile locally. Investors typically read this as a sign of steady renter interest and competitive positioning within the metro.
Daily-needs access is a strength: grocery presence is high (nationally in the upper percentiles), with strong density of restaurants and cafes supporting walkable convenience for tenants. Pharmacy availability also trends above national norms. School ratings are nearer the national midpoint, which may warrant positioning toward adult and workforce renters rather than family-first marketing.
At the neighborhood level, occupancy is strong and above most U.S. areas, and average NOI per unit ranks in the upper tier nationally signals of healthy rent rolls and leasing depth (per WDSuite). Renter-occupied share is elevated within the neighborhood, indicating a broad tenant base supporting demand stability for multifamily product.
Home values in the surrounding area are elevated versus national norms, creating a high-cost ownership market that tends to sustain multifamily demand and support lease retention. Park space within the immediate footprint is limited, so on-site amenities or proximity to private fitness and recreation options can help with competitive positioning.
Within a 3-mile radius, recent years show a slight population dip alongside a modest increase in households, implying smaller household sizes and steady renter turnover. Looking ahead, 3-mile forecasts point to growth in both population and households, which should expand the tenant base and support occupancy. Median household incomes are expected to trend higher, improving the addressable renter pool for renovated units.
Safety indicators are comparatively favorable in a national context, landing in the top quartile of neighborhoods nationwide. Recent year-over-year trends point to sharp declines in both property and violent offenses, with improvement metrics among the strongest nationally, according to CRE market data from WDSuite.
Within the Los Angeles metro (1,441 neighborhoods), conditions can vary block to block, and the area s rank places it among competitive options, though investors should continue standard diligence such as reviewing recent police reports and insurer guidance. The combination of nationally above-average safety signals and improving offense trends supports a stable leasing outlook without overstating precision at the property level.
Proximity to major media and infrastructure employers supports a steady base of renters seeking commute convenience. The nearby roster includes Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and AECOM.
- Radio Disney corporate offices (3.6 miles)
- Charter Communications corporate offices (4.0 miles)
- Disney corporate offices (4.5 miles) HQ
- Live Nation Entertainment corporate offices (5.6 miles)
- AECOM corporate offices (7.5 miles) HQ
5266 Corteen Pl offers investors exposure to a high-demand Los Angeles neighborhood where occupancy and renter concentration are supportive of stable cash flow. Elevated local home values signal a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can bolster lease retention. Built in 1972, the asset may benefit from targeted renovations and building systems upgrades, creating a path for rent repositioning while maintaining competitive pricing.
Within a 3-mile radius, households have inched higher despite a modest population dip, and forward-looking forecasts indicate growth in both households and incomes a setup that can expand the tenant base and support occupancy stability. According to CRE market data from WDSuite, the neighborhood sits in the upper tiers nationally for NOI per unit and maintains strong occupancy, while rent levels relative to incomes suggest manageable affordability pressure that aids retention management. Risks include limited nearby park acreage, mid-range school scores, and cyclical sensitivity to broader Los Angeles employment trends.
- High-cost ownership market supports sustained rental demand and retention
- Strong neighborhood occupancy and upper-tier NOI per unit (WDSuite)
- 1972 vintage offers value-add potential through targeted renovations
- 3-mile outlook shows growth in households and incomes, expanding the renter base
- Watch items: limited park access, mid-range school ratings, and metro cycle exposure