| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5860 Whitsett Ave, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1976 |
| Units | 29 |
| Transaction Date | 1999-12-23 |
| Transaction Price | $1,800,000 |
| Buyer | ISAACSON MARILYN |
| Seller | LARIJANI ABBAS |
5860 Whitsett Ave Valley Village Multifamily Investment
Stable renter demand and above-median neighborhood occupancy, according to WDSuite s CRE market data, position this asset for consistent performance in a high-cost ownership pocket of Los Angeles.
Valley Village s Urban Core setting supports multifamily fundamentals with neighborhood occupancy trending above the metro median and net operating income per unit competitive nationally (top decile), based on CRE market data from WDSuite. The area shows a high renter concentration about 60% of housing units are renter-occupied which deepens the tenant base and can support leasing stability through cycles.
Daily-needs access is a relative strength: neighborhood grocery and restaurant density rank in the upper tier nationally, while cafes, parks, and pharmacies are thinner within the immediate neighborhood footprint. For investors, this mix suggests convenience for residents with room for future amenity growth to further enhance retention.
Within a 3-mile radius, demographics indicate a large and diverse population with households edging higher over time and forecasts pointing to additional household growth through 2028. This points to a broader renter pool expansion and supports occupancy stability, even as household sizes trend smaller.
Elevated home values (top percentile nationally) characterize this submarket, reinforcing reliance on multifamily rentals and supporting pricing power when managed thoughtfully. Neighborhood-level median rents are also high relative to the nation, so operators should balance revenue growth with affordability and retention considerations.
Neighborhood safety indicators are comparatively favorable: crime conditions sit in the upper tier nationally and are competitive among Los Angeles Long Beach Glendale neighborhoods (1,441 total), according to WDSuite. Recent year-over-year trends show notable improvement in both property and violent offense rates, signaling a positive trajectory rather than a one-off data point.
As with any urban core location, conditions can vary block to block and over time, so investors should incorporate ongoing monitoring and standard security measures into operations. The broader takeaway is that trend direction has been improving while comparative standing versus national peers remains solid.
Proximity to entertainment and media corporate offices underpins steady renter demand, with short commutes that can aid leasing velocity and retention. Nearby employers include Charter Communications, Radio Disney, Disney, and Live Nation Entertainment.
- Charter Communications corporate offices (3.8 miles)
- Radio Disney corporate offices (4.0 miles)
- Disney corporate offices (4.8 miles) HQ
- Live Nation Entertainment corporate offices (6.3 miles)
- Live Nation Entertainment corporate offices (7.1 miles) HQ
5860 Whitsett Ave offers durable renter demand in a high-cost ownership market where neighborhood occupancy runs above the metro median and NOI per unit performance sits in the national top decile, per WDSuite. The 29-unit scale fits workforce and creative tenants drawn to nearby media employers, while elevated ownership costs tend to sustain reliance on rentals and support pricing power when paired with disciplined lease management.
Built in 1976, the asset likely benefits from value-add potential through targeted interior and system updates to remain competitive versus newer stock. Within a 3-mile radius, household counts are expected to grow through 2028, indicating a larger tenant base and supporting long-run occupancy stability; at the same time, rent-to-income dynamics warrant careful renewal and concession strategy as part of prudent commercial real estate analysis.
- Above-median neighborhood occupancy and top-decile NOI per unit support stable cashflow potential (WDSuite).
- High-cost ownership environment reinforces multifamily demand and pricing power.
- 1976 vintage presents value-add upside via modernization and operating efficiencies.
- 3-mile household growth outlook supports a deeper renter pool and leasing resilience.
- Risks: affordability pressure and uneven amenity distribution require disciplined revenue management and retention focus.