| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5717 Laurel Canyon Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1986 |
| Units | 54 |
| Transaction Date | 2009-04-03 |
| Transaction Price | $9,752,500 |
| Buyer | Wayne & Patricia Kerbs |
| Seller | JFM Sedona I LLC |
5717 Laurel Canyon Blvd Valley Village Multifamily Investment
Neighborhood fundamentals point to durable renter demand and above-median occupancy for Los Angeles, according to WDSuite’s CRE market data. Elevated ownership costs in Valley Village support lease retention and pricing discipline for well-managed assets.
Located in Valley Village’s Urban Core, the neighborhood carries a B+ rating and is competitive among Los Angeles-Long Beach-Glendale’s 1,441 neighborhoods (ranked 447th), signaling balanced livability and investment appeal without relying on speculation. Neighborhood occupancy trends sit above the metro median, supporting income stability for professionally operated multifamily.
Renter-occupied share in the neighborhood is elevated, indicating a deep tenant base for a 54-unit building. Within a 3-mile radius, demographics show steady renter presence and an expected increase in households alongside smaller average household sizes over the next five years—factors that typically expand the renter pool and support occupancy stability.
Home values in the neighborhood sit in a high-cost ownership market (97th percentile nationally), which tends to reinforce reliance on rental housing and can bolster pricing power and retention for apartments positioned with thoughtful lease management. Rent-to-income dynamics benchmark favorably, helping mitigate affordability pressure relative to many coastal submarkets.
The area offers strong day-to-day convenience with robust grocery and dining density (both around the mid-90s percentiles nationally), while near-block options for parks, pharmacies, and cafes are limited. Educational attainment is notable (share of residents with a bachelor’s degree ranks in the national top quartile), often aligning with steady renter demand for well-kept, professionally managed communities. Built in 1986—newer than the neighborhood’s average vintage of 1973—the property should compare competitively to older stock, though investors may plan for selective system upgrades and cosmetic refreshes to maintain positioning against newer deliveries.
Safety indicators compare favorably: the neighborhood’s crime rank sits in the top quartile among 1,441 Los Angeles metro neighborhoods and around the 80th percentile nationally, indicating comparatively safer conditions versus many peer areas. Recent data also points to sharp year-over-year declines in both property and violent offense rates, a constructive trend for tenant retention and leasing stability.
As always, investors should evaluate micro-location nuances and property-level security practices alongside neighborhood context, focusing on lighting, access control, and management protocols to sustain performance.
Proximity to major media and corporate employers supports a broad workforce-renter base and convenient commutes, reinforcing leasing depth for stabilized assets. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications — telecommunications (3.45 miles)
- Radio Disney — media (3.48 miles)
- Disney — entertainment (4.28 miles) — HQ
- Live Nation Entertainment — live entertainment (6.90 miles) — HQ
- AECOM — engineering & infrastructure (8.05 miles) — HQ
5717 Laurel Canyon Blvd offers 54 units averaging 739 sq. ft., positioned in a renter-heavy Valley Village submarket with above-metro-median occupancy and strong daily conveniences. The 1986 vintage is newer than the neighborhood’s 1973 average, providing relative competitiveness versus older stock while leaving room for targeted value-add through modernization and system upgrades. According to CRE market data from WDSuite, NOI per unit performance in the neighborhood ranks in the national top quartile, and the area’s high-cost ownership landscape underpins sustained apartment demand and supports retention-oriented revenue strategies.
Within a 3-mile radius, forecasts indicate an increase in households and smaller household sizes, which typically broaden the tenant base and help sustain occupancy. While parks and cafe density are limited nearby and some COVID-exposed employment sectors warrant monitoring, the combination of educated renters, strong grocery/restaurant access, and proximity to major employers supports durable leasing fundamentals.
- Above-metro-median occupancy and renter-heavy housing stock support income stability
- 1986 vintage vs. older neighborhood stock offers competitive positioning with selective value-add upside
- High-cost ownership market reinforces multifamily demand and lease retention
- Strong employer proximity across media and corporate offices supports leasing depth
- Risks: limited nearby parks/cafes and sensitivity to service-sector cycles; proactive asset management recommended