| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5807 Laurel Canyon Blvd, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1987 |
| Units | 56 |
| Transaction Date | 2018-08-21 |
| Transaction Price | $18,400,000 |
| Buyer | 5807 Laurel Canyon Blvd LLC |
| Seller | Lomax Laurel Canyon LLC / Consolidated, Private Investor, Interstate Equities Corporation, PrCiaces/hu Enqitu aivnadle /nstf |
5807 Laurel Canyon Blvd Valley Village Multifamily Investment
This 56-unit property built in 1987 sits in a neighborhood with 95.6% occupancy and strong rental demand driven by elevated home values. According to CRE market data from WDSuite, the area maintains above-average NOI performance at $12,406 per unit.
Valley Village represents an urban core neighborhood in the Los Angeles metro, ranking in the top quartile nationally for housing metrics with a B+ overall rating among 1,441 metro neighborhoods. The area maintains strong fundamentals with 95.6% occupancy rates and 60.4% of housing units occupied by renters, creating a substantial tenant base for multifamily properties.
Built in 1987, this property aligns with the neighborhood's average construction year of 1973, positioning it among the newer vintage stock that may require less immediate capital expenditure compared to older neighborhood buildings. Demographics within a 3-mile radius show 256,000 residents with a median household income of $81,820, supporting rental affordability in a market where median home values reach $950,826.
The elevated home values contribute to sustained rental demand, as ownership costs limit accessibility for many households. Median contract rents of $1,850 reflect the area's competitive positioning, while grocery stores and restaurants provide above-average amenity density with 4.6 grocery stores and 16.1 restaurants per square mile. Projected household growth of 36.2% through 2028 indicates expanding renter pool expansion that should support occupancy stability and lease-up velocity.
The neighborhood demonstrates strong NOI performance at $12,406 per unit average, ranking in the 89th percentile nationally. This metric, combined with the area's 31.5% bachelor's degree attainment rate and proximity to major employment centers, suggests a stable professional tenant base that supports lease retention and renewal rates.
Valley Village shows favorable safety trends with property crime rates declining 82.1% year-over-year, ranking in the 98th percentile nationally for crime reduction. Violent crime rates remain low at 7.3 incidents per 100,000 residents, placing the neighborhood in the 74th percentile compared to metro areas nationwide.
The neighborhood ranks 257th among 1,441 Los Angeles metro neighborhoods for overall crime metrics, placing it in the 80th percentile nationally. These improving safety conditions support tenant retention and can contribute to stable occupancy rates, particularly important for multifamily properties targeting professional renters in urban core locations.
Valley Village benefits from proximity to major entertainment and corporate employers, providing workforce housing opportunities for professionals commuting to nearby business districts. The area's location offers convenient access to established corporate headquarters and regional offices.
- Charter Communications — telecommunications (3.4 miles)
- Radio Disney — media & entertainment (3.5 miles)
- Disney — entertainment & media (4.3 miles) — HQ
- Live Nation Entertainment — entertainment services (6.0 miles)
- Activision Blizzard Studios — gaming & technology (7.5 miles)
This Valley Village property presents solid fundamentals in a neighborhood demonstrating occupancy stability at 95.6% and strong rental demand supported by elevated homeownership costs. Built in 1987, the property offers potential value-add opportunities while avoiding the immediate capital requirements of older vintage stock. Demographic projections within a 3-mile radius show household growth of 36.2% through 2028, expanding the tenant base and supporting lease-up velocity.
The neighborhood's NOI performance of $12,406 per unit ranks in the 89th percentile nationally, while proximity to major employers like Disney and Charter Communications provides workforce housing appeal. However, investors should consider the area's rent-to-income ratio challenges and monitor occupancy trends given recent modest declines in the broader market.
- Strong neighborhood occupancy at 95.6% with 60.4% renter-occupied housing units
- Above-average NOI performance ranking in 89th percentile nationally
- Projected household growth of 36.2% through 2028 supporting rental demand
- Proximity to major employers including Disney headquarters and entertainment sector
- Risk consideration: Monitor rent-to-income pressures and regional occupancy trends