| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5408 Carpenter Ave, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5408 Carpenter Ave Valley Village Multifamily Investment
This 20-unit property benefits from neighborhood-level occupancy of 96.4% and strong renter demand in an urban core location, according to CRE market data from WDSuite.
Valley Village operates as an urban core neighborhood ranking in the top quartile among 1,441 metro neighborhoods for overall housing fundamentals. The area maintains 96.4% occupancy rates with 75.8% of housing units serving as rentals, creating a stable tenant base for multifamily operators. Median contract rents of $1,805 reflect 32.8% growth over five years, indicating sustained pricing power in this Los Angeles submarket.
The neighborhood demonstrates strong amenity density with 7.97 grocery stores per square mile (98th percentile nationally) and 19.94 restaurants per square mile (96th percentile nationally), supporting tenant retention through walkable convenience. Demographics within a 3-mile radius show 67.5% of households are renters, with median household income of $85,983 supporting current rent levels while forecast data suggests median income growth to $122,905 by 2028.
Built in 1986, this property aligns with the neighborhood's average construction year of 1978, positioning it competitively within the existing housing stock. The vintage suggests potential for value-add improvements while avoiding the higher capital expenditure needs of significantly older properties. Home values averaging $1.1 million reinforce rental demand as elevated ownership costs keep households in the multifamily market.
Population projections indicate 4.7% growth through 2028 within the 3-mile radius, expanding the renter pool from approximately 240,000 to 251,000 residents. This demographic expansion supports occupancy stability and provides a growing tenant base for lease-up and renewal activity.
The Valley Village neighborhood ranks 306th among 1,441 metro neighborhoods for crime metrics, placing it in the 78th percentile nationally for safety performance. Property offense rates have declined significantly by 84.6% year-over-year, while violent crime rates decreased by 92.9%, indicating improving security conditions that support tenant retention and property values.
Current property offense rates of 178.4 incidents per 100,000 residents and violent crime rates of 22.3 per 100,000 residents position the area competitively within the Los Angeles metro for multifamily locations. These trends suggest a stabilizing security environment that reduces tenant turnover risk and supports consistent occupancy performance.
The property benefits from proximity to major entertainment and media employers, providing workforce housing for professionals in Los Angeles's core industries.
- Radio Disney — media and entertainment (3.0 miles)
- Charter Communications — telecommunications (3.4 miles)
- Disney — entertainment and media (3.9 miles) — HQ
- Live Nation Entertainment — entertainment services (5.4 miles)
- Activision Blizzard Studios — gaming and technology (7.0 miles)
This Valley Village property capitalizes on strong fundamentals in an established urban core market. Neighborhood-level occupancy of 96.4% and 75.8% rental tenure provide operational stability, while the area's top-quartile housing ranking among 1,441 metro neighborhoods reflects sustained investor demand. The 1986 construction year positions the asset for potential value-add improvements without the extensive capital requirements of significantly older properties.
Demographics within the 3-mile radius support long-term rental demand with 4.7% population growth projected through 2028 and median household income forecast to increase 42.9% to $122,905. Proximity to major entertainment employers including Disney headquarters and Charter Communications provides workforce housing opportunities in Los Angeles's core industries. Median home values exceeding $1.1 million reinforce rental demand as ownership costs keep households in the multifamily market.
- Neighborhood occupancy of 96.4% indicates stable rental demand
- 4.7% population growth forecast expands tenant base through 2028
- Proximity to Disney headquarters and major entertainment employers
- 1986 vintage allows value-add potential with manageable capital needs
- Monitor rent-to-income ratios as affordability pressure may impact renewals