| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 65th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5712 N Laurel Canyon Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 2005 |
| Units | 40 |
| Transaction Date | 2009-02-27 |
| Transaction Price | $9,531,290 |
| Buyer | Ling Villas LLC |
| Seller | Laurel 18 LLC |
5712 N Laurel Canyon Blvd Valley Village Multifamily
Newer construction and a deep renter base in Valley Village support steady multifamily demand, according to WDSuite’s CRE market data. Neighborhood occupancy is stable with strong renter concentration, suggesting durable leasing in a high-cost ownership market.
The property sits in an Urban Core pocket of Valley Village where neighborhood fundamentals are competitive among Los Angeles-Long Beach-Glendale neighborhoods (331 of 1,441). Restaurants are dense (top quartile nationally), pharmacies are plentiful, and childcare access ranks among the strongest nationwide — useful signals for day-to-day livability. Parks and cafes are less prevalent nearby, so outdoor and third-space options may require short drives to adjacent districts.
For investors, local housing indicators point to resilient renter demand. The neighborhood’s renter-occupied share is high (95th percentile nationally), which supports a deeper tenant pool and tends to stabilize occupancy through cycles. Median home values sit near the top of national distributions, indicating a high-cost ownership market that can reinforce reliance on multifamily rentals and aid lease retention.
Vintage also favors competitiveness: built in 2005 versus a neighborhood average vintage from the 1970s, the asset should stack up well against older stock. While systems age over time, the relative youth of the building can reduce near-term capital intensity compared with pre-1990s inventory, with selective modernization positioning it against renovated comparables.
Demographics aggregated within a 3-mile radius show modest population contraction in recent years but a forecasted return to growth alongside rising household counts and smaller average household sizes. That combination generally expands the renter pool and can support occupancy stability and pricing discipline over the medium term. School ratings in the neighborhood trend below national averages, so the unit mix and marketing may skew toward renters prioritizing commute convenience and amenities over school district considerations. These insights are grounded in commercial real estate analysis from WDSuite.
Safety metrics point to comparatively solid positioning nationally with recent positive momentum. The neighborhood scores around the 80th percentile for safety versus neighborhoods nationwide — effectively the top quartile nationally. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), results vary by measure, so investors should benchmark against nearby comps rather than block-level assumptions.
Recent trends are directionally favorable: estimated property offenses declined sharply year over year and violent offense estimates also fell materially. While any urban core location warrants routine risk management and tenant-experience measures, the combination of national-percentile strength and improving trendlines supports leasing durability.
Proximity to major media and corporate employers underpins workforce housing demand and supports retention through commute convenience. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications — telecommunications (3.4 miles)
- Radio Disney — media offices (3.5 miles)
- Disney — media & entertainment (4.3 miles) — HQ
- Live Nation Entertainment — live entertainment (6.9 miles) — HQ
- AECOM — engineering & infrastructure (8.0 miles) — HQ
This 40-unit 2005 multifamily with larger-than-typical average unit sizes positions well against older neighborhood stock while tapping a renter-heavy area. Based on CRE market data from WDSuite, neighborhood occupancy is solid and renter concentration is high, aided by a high-cost ownership landscape that supports rental reliance. Top-quartile national restaurant and pharmacy access, plus strong childcare coverage, bolster day-to-day livability for tenants.
Forward-looking 3-mile demographics indicate a gradual return to population growth with a notable increase in households and smaller household sizes — conditions that typically expand the renter pool and support lease-up and renewal rates. Recent improvements across safety indicators add to leasing stability, though below-average school ratings and limited parks/cafes nearby suggest marketing should emphasize convenience, space, and access to employment centers.
- 2005 vintage and larger average unit size offer competitive positioning versus older local stock, with targeted modernization potential.
- High renter-occupied share and stable neighborhood occupancy support durable demand and retention.
- High-cost ownership market reinforces reliance on rentals, aiding pricing power and lease stability.
- 3-mile outlook shows household growth and smaller sizes, expanding the tenant base over time.
- Risk: school ratings trend below national averages and park/cafe options are limited locally; marketing and amenities should align with renter priorities.