| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5747 Laurel Canyon Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1974 |
| Units | 53 |
| Transaction Date | 2003-02-14 |
| Transaction Price | $3,750,000 |
| Buyer | LEVIN STANLEY |
| Seller | LIEBES JOHN |
5747 Laurel Canyon Blvd, Valley Village Multifamily Investment
Neighborhood occupancy remains solid and renter demand is reinforced by a high-cost ownership market, according to WDSuite s CRE market data, supporting steady performance for a 53-unit asset in Valley Village.
Valley Village scores a B+ at the neighborhood level and trends competitively within the Los Angeles metro, with neighborhood occupancy around the mid-90s and above many U.S. areas. Investor takeaway: stabilized occupancy and strong renter concentration signal depth of tenant demand rather than lease-up exposure.
Local consumer amenities skew toward daily needs: grocery access is strong (among the higher concentrations nationally), and restaurants are plentiful relative to U.S. peers, while parks, pharmacies, and cafes are less dense. For workforce households, this mix supports convenience-oriented living even if green space and cafe density trail top urban cores.
Ownership costs are elevated in this submarket relative to incomes (a high value-to-income reading), which generally sustains reliance on multifamily rentals and supports pricing power and retention. At the same time, rents relative to incomes trend more manageable than many coastal submarkets, which can mitigate turnover risk and aid lease management.
Demographic statistics aggregated within a 3-mile radius show a sizable renter-occupied share and a broad middle- to upper-income profile, with bachelor s attainment above national norms. Recent years reflect modest population softness but a slight increase in total households, implying smaller household sizes and a gradually expanding renter pool. Forward-looking indicators point to additional household growth, a constructive signal for multifamily property research and long-term demand.
Safety indicators benchmark favorably versus national norms, with the neighborhood trending in the higher (safer) percentiles nationally. Recent data also points to meaningful year-over-year declines in both violent and property offense rates, suggesting improving conditions rather than deterioration.
As with any urban core location, performance can vary by corridor and over time. Investors should underwrite with standard precautions lighting, access control, and tenant screening while recognizing that recent trendlines indicate stability and improvement compared with many U.S. neighborhoods.
Proximity to major media and entertainment employers underpins renter demand and commuting convenience, supporting leasing durability for workforce and creative-class tenants. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Charter Communications telecommunications (3.4 miles)
- Radio Disney media (3.5 miles)
- Disney media & entertainment (4.3 miles) HQ
- Live Nation Entertainment entertainment (5.9 miles)
- Activision Blizzard Studios gaming & entertainment (7.4 miles)
This 53-unit Valley Village asset sits in an urban-core pocket of Los Angeles with stabilized neighborhood occupancy, a deep renter base, and strong daily-needs retail access. Elevated ownership costs relative to incomes help sustain reliance on rentals, while rent-to-income dynamics remain comparatively manageable a combination that supports retention and steadier cash flows. According to CRE market data from WDSuite, the neighborhood s NOI per unit trends in the upper national percentiles and bachelor s attainment runs above U.S. norms, reinforcing an investable tenant profile.
Forward demand drivers include projected household growth within a 3-mile radius and proximity to major media and corporate employers that can aid absorption across unit types averaging roughly 616 square feet. Key underwriting considerations are amenity gaps in parks/cafes and normal capital planning for a 1970s vintage property, which may present value-add opportunities through selective upgrades and modernization.
- Stabilized neighborhood occupancy and deep renter-occupied base support leasing durability.
- High-cost ownership market underpins multifamily demand and pricing power.
- Upper-percentile NOI per unit and educated workforce align with resilient tenant quality.
- 3-mile household growth outlook and proximity to major employers bolster absorption potential.
- Risks: thinner park/cafe density and typical 1970s systems may require targeted capex to remain competitive.