| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5331 Corteen Pl, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 2003 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5331 Corteen Pl Valley Village Multifamily Investment
Positioned in an A‑rated Los Angeles submarket with high renter concentration, this 2003 asset benefits from steady neighborhood occupancy and strong amenities, according to CRE market data from WDSuite. Investors evaluating Valley Village can expect durable renter demand supported by an urban core location and elevated ownership costs nearby.
The property sits in Valley Village’s Urban Core, where the neighborhood ranks 111 out of 1,441 in the Los Angeles-Long Beach-Glendale metro—competitive among Los Angeles-Long Beach-Glendale neighborhoods. Amenity access is a clear strength: cafes, groceries, restaurants, and pharmacies track in the 89th–98th national percentiles, supporting daily convenience and leasing appeal.
Neighborhood occupancy is strong and compares favorably to many U.S. areas (80th national percentile), while the share of renter-occupied housing is high (98th national percentile). For multifamily investors, that renter concentration indicates a deep tenant base and supports lease-up and retention strategies across cycles.
Within a 3‑mile radius, demographics show a modest recent population dip with household counts holding roughly steady, followed by projections for population growth and an increase in households over the next five years. This points to a larger tenant base ahead, which can support occupancy stability and absorption as units turn.
Home values in the immediate neighborhood are elevated (98th national percentile) relative to household incomes, creating a high‑cost ownership market that tends to sustain reliance on rental housing. Rent levels have risen over the past five years, and WDSuite’s CRE market data indicates neighborhood NOI per unit outperforms most U.S. neighborhoods (94th national percentile), underscoring the area’s earnings profile for stabilized assets.
The average local building vintage skews older (late‑1970s), while this property’s 2003 construction is newer than much of the surrounding stock. That positioning can enhance competitive standing versus older assets, though investors should still plan for ongoing system upgrades and selective modernization to maintain pricing power.
Average school ratings sit near the national midpoint, and park access is limited in the immediate neighborhood, considerations for tenant preferences that may affect leasing strategy rather than core demand fundamentals.
Neighborhood safety compares favorably in a metro context, with the area ranking 306 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods—competitive among local peers—and landing in the 78th percentile for safety compared with neighborhoods nationwide. Recent trend data from WDSuite shows year‑over‑year declines in both property and violent offense rates, a constructive trajectory for long‑term livability and leasing.
As with any urban core location, conditions can vary by block and time of day. Investors should evaluate site‑level security, lighting, and access controls as part of standard due diligence to support resident experience and retention.
Proximity to major media and communications employers supports a steady renter pipeline and commute convenience for working professionals. The nearby base includes Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- 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 (5.7 miles)
- Activision Blizzard Studios — corporate offices (6.9 miles)
This 67‑unit, 2003‑built property offers relative competitiveness versus older neighborhood stock and benefits from strong renter concentration and high national amenity percentiles. Elevated local home values reinforce rental demand, while neighborhood occupancy trends (80th percentile nationally) point to durable leasing fundamentals. Based on CRE market data from WDSuite, the area’s NOI per unit outperforms most U.S. neighborhoods, aligning with an income‑oriented hold with selective value‑add to sustain positioning.
Within a 3‑mile radius, projections show population growth and an increase in households over the next five years, which supports a larger tenant base and occupancy stability. While average school ratings are near national midpoints and park access is limited—factors to incorporate into marketing and amenity programming—the location’s employer base and renter profile support ongoing demand.
- Newer 2003 vintage versus local average, with potential to outperform older comps
- Strong renter concentration and amenity access support leasing and retention
- High ownership costs locally sustain reliance on multifamily housing
- 3‑mile forecasts indicate population and household growth, supporting demand
- Risks: limited park access and average schools; plan for ongoing capex as the asset ages