| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5444 Bellingham Ave, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1973 |
| Units | 36 |
| Transaction Date | 2002-03-22 |
| Transaction Price | $869,000 |
| Buyer | RODIN LES |
| Seller | 5444 BELLINGHAM ASSOCIATES |
5444 Bellingham Ave Valley Village Multifamily Investment
Neighborhood occupancy is solid and above national norms, supported by a deep renter base and high-cost ownership dynamics, according to WDSuite’s CRE market data. Investors screening the San Fernando Valley should view this address as a stable renter-demand location with potential for durable leasing performance.
Rated A and positioned in an Urban Core setting, the neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods, signaling competitive fundamentals for multifamily. Rent benchmarks and occupancy in the neighborhood trend above national averages, and renter demand is reinforced by a high renter-occupied share of local housing units. Median home values sit in a high-cost ownership market, which typically sustains reliance on rental housing and can support pricing power and lease retention.
Amenity access is a strength: grocery, restaurant, café, and pharmacy density all sit well above national percentiles, supporting day-to-day livability and convenience for residents. School ratings are around the national median, which is serviceable for broad renter appeal. Park density within the immediate neighborhood footprint is limited, so outdoor recreation may rely more on nearby districts rather than on in-neighborhood green space.
Within a 3-mile radius, demographics indicate a large and diversified renter pool with median household incomes that have risen over the past five years and are projected to grow further by 2028. Forecasts point to an increase in households and a gradual reduction in average household size, which can expand the pool of renters and support occupancy stability for multifamily operators. These trends, based on CRE market data from WDSuite, align with continued demand for well-located apartments in Valley Village and the broader San Fernando Valley.
The property’s 1973 construction predates the neighborhood’s average vintage slightly, suggesting investors should plan for targeted capital projects and potential value-add upgrades to keep units competitive versus newer stock. Given the neighborhood’s above-median occupancy and strong amenity access, thoughtful renovations can translate into improved positioning without overreliance on broad market rent growth.
Safety indicators for the neighborhood compare favorably at the national level, landing in the top quartile nationwide. Recent trends point to meaningful year-over-year improvement in both property and violent offense estimates, which places the area among the stronger improving cohorts nationally. These are neighborhood-level signals rather than block-specific measures and should be considered alongside on-the-ground diligence and owner-operator experience.
Relative to the Los Angeles metro, the neighborhood’s current positioning and improvement trajectory suggest supportive conditions for resident retention and leasing stability. As always, investors should corroborate conditions at different times of day and along key streets serving the asset.
Proximity to established media and telecom employers supports a broad white-collar renter base and convenient commutes for residents. Notable nearby employment nodes include Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media (3.5 miles)
- Charter Communications — telecommunications (3.7 miles)
- Disney — entertainment (4.3 miles) — HQ
- Live Nation Entertainment — live events (5.7 miles)
- Activision Blizzard Studios — gaming & film (7.1 miles)
5444 Bellingham Ave benefits from durable renter demand in a high-cost ownership pocket of the San Fernando Valley. Neighborhood occupancy is above national norms with a high concentration of renter-occupied housing units, while amenity density (groceries, restaurants, cafés, pharmacies) strengthens day-to-day livability and supports lease retention. Within a 3-mile radius, forecasts show more households and smaller average household size by 2028, pointing to a larger tenant base and stable absorption for well-managed assets, according to CRE market data from WDSuite.
Built in 1973, the asset may warrant selective capital planning—kitchens, baths, building systems, and common areas—to remain competitive against newer product. That vintage also presents value-add potential in a neighborhood that is competitive among Los Angeles submarkets, where elevated home values tend to reinforce sustained renter reliance on multifamily housing. Investors should weigh these strengths against typical urban-core considerations such as limited immediate park space and ongoing operating cost pressures.
- Strong renter demand and above-national occupancy in a high-cost ownership market support pricing power and retention.
- Amenity-rich location (grocery, dining, café, pharmacy density) underpins livability and leasing stability.
- 1973 vintage offers value-add potential with targeted renovations to elevate unit finishes and building systems.
- 3-mile household growth and shrinking household size expand the tenant base and support occupancy continuity.
- Consider risks typical of urban-core Los Angeles: limited immediate park access and operating cost volatility.