| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5921 Whitsett Ave, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1984 |
| Units | 34 |
| Transaction Date | 2009-09-01 |
| Transaction Price | $4,250,000 |
| Buyer | Whitsett Avenue Partners LLC |
| Seller | Southbrook Equities LLC |
5921 Whitsett Ave, Valley Village CA Multifamily Investment
Neighborhood occupancy has remained resilient in the high-90s, supporting steady leasing prospects for a 34-unit asset, according to WDSuite’s CRE market data. Elevated for-sale prices in Valley Village further reinforce renter demand relative to ownership.
The neighborhood posts a B+ rating and ranks 447 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, which is competitive among Los Angeles-Long Beach-Glendale neighborhoods. For investors, this signals balanced fundamentals with established renter demand rather than an early-cycle submarket.
Renter-occupied housing comprises a substantial share of local units (about six in ten), indicating a deep tenant base for multifamily. Neighborhood occupancy is strong and has trended stable, which supports income durability for well-managed properties. Median contract rents in the area sit toward the higher end nationally, aligning with the community’s income profile and positioning for quality product.
Livability drivers include strong access to daily needs: grocery and restaurant density sit around the 95th percentile nationally, while cafés and parks are thinner within the immediate neighborhood footprint. These patterns suggest everyday convenience with selective lifestyle amenities, which can be addressed at the property level through on-site features and retention programming.
Within a 3-mile radius, the population has been roughly flat in recent years while household counts edged up, implying smaller household sizes and a steady renter pool. Forward-looking projections indicate growth in both households and incomes by the forecast period, expanding the potential tenant base and supporting occupancy stability. Elevated home values (upper 90s percentile nationally) point to a high-cost ownership market that tends to sustain reliance on rental housing, while a comparatively moderate rent-to-income relationship supports lease retention and measured pricing power.
The average construction year in the neighborhood is 1973; at 5921 Whitsett Ave, a 1984 vintage positions the asset newer than the local average. That relative youth helps competitiveness versus older stock, though investors should plan for targeted system updates and common-area refreshes to meet current renter expectations.
Safety indicators compare favorably: the neighborhood’s overall crime rank sits well within the top portion of the 1,441-neighborhood Los Angeles metro, and its safety profile is in the top quartile nationally. Recent data also shows notable year-over-year declines in both violent and property offense estimates, indicating an improving trend rather than a one-off data point.
As always, crime can vary block to block and over time. Investors should consider site-level visibility, lighting, and access controls to align with these positive neighborhood trends and support resident retention.
Proximity to major entertainment and media employers underpins a strong renter pool and commute convenience for workforce and creative-class tenants, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications — telecommunications (3.8 miles)
- Radio Disney — media (4.1 miles)
- Disney — entertainment (4.8 miles) — HQ
- Live Nation Entertainment — entertainment (6.4 miles)
- AECOM — engineering & infrastructure (8.3 miles) — HQ
5921 Whitsett Ave offers a 34-unit, 1984-vintage profile with average unit sizes around 860 sq. ft., aligning with renter preferences for livable layouts in a submarket where occupancy is consistently strong. Elevated ownership costs in Valley Village sustain a robust renter pool, while neighborhood rents and incomes support stable collections and measured rent growth, based on CRE market data from WDSuite.
Compared with the neighborhood’s older housing stock, the asset’s vintage is relatively newer, providing competitive positioning versus 1970s-era properties. Within a 3-mile radius, households are expected to expand alongside income gains over the forecast horizon, which supports tenant demand and leasing durability.
- Strong neighborhood occupancy and deep renter-occupied base support income durability
- 1984 vintage is newer than area average, offering competitive positioning with selective upgrade potential
- High-cost ownership market reinforces multifamily demand and retention prospects
- Risks: softer café/park density and aging systems may require amenity programming and targeted capex