| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5949 Whitsett Ave, Valley Village, CA, 91607, US |
| Region / Metro | Valley Village |
| Year of Construction | 1985 |
| Units | 26 |
| Transaction Date | 2023-11-03 |
| Transaction Price | $2,253,000 |
| Buyer | ALTIMUS LIVING LLC |
| Seller | DEUTSCH FAMILY TRUST |
5949 Whitsett Ave Valley Village CA Multifamily Investment
Renter concentration is competitive among Los Angeles-Long Beach-Glendale neighborhoods and occupancy has held above the metro median, supporting steady leasing performance, according to WDSuite’s CRE market data.
Situated in Valley Village s Urban Core, the property benefits from neighborhood fundamentals that favor multifamily: a renter-occupied housing share that is competitive among 1,441 metro neighborhoods and an occupancy rate above the metro median. For investors, this translates into a deeper tenant base and generally resilient leasing, even as cyclicality can influence absorption.
Within a 3-mile radius, WDSuite indicates household counts have trended upward and are projected to expand further over the next five years, with smaller average household sizes. That combination points to a larger renter pool and continued demand for professionally managed apartments, which can support occupancy stability and retention.
Local livability indicators show strong daily-needs access: grocery and restaurant densities rank in the top decile nationally, while parks and cafes are comparatively limited. Elevated home values place the neighborhood in a high-cost ownership market relative to national norms, which tends to reinforce reliance on rental housing and supports pricing power when paired with well-executed operations.
Vintage also matters for competitive positioning. Built in 1985, the asset skews newer than the neighborhood s average construction year (1973), which can reduce near-term capital intensity versus older stock and provide a platform for selective modernization to drive rent readiness without full-scale repositioning.
Safety trends are favorable on a comparative basis. Nationally, violent incident rates benchmark in the upper quartile of safer neighborhoods, and property incidents sit closer to the middle of the national distribution. According to WDSuite, both violent and property offense estimates show meaningful year-over-year declines, which supports perception stability for residents and reduces operational disruption risk.
As with any urban Los Angeles location, conditions can vary by block and over time. Investors should underwrite with recent, property-level security line items and consider lighting, access control, and resident engagement programs to sustain the positive trend.
Proximity to major media and telecom employers underpins renter demand through convenient commutes and industry-diverse payrolls. Notable nearby nodes include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Charter Communications telecom & media (3.8 miles)
- Radio Disney children s media (4.1 miles)
- Disney entertainment (4.9 miles) HQ
- Live Nation Entertainment live events & ticketing (6.4 miles)
- Activision Blizzard Studios gaming & production (7.7 miles)
This 26-unit, 1985-vintage asset positions slightly newer than the neighborhood s average stock, offering relative competitiveness against older inventory while leaving room for targeted upgrades. Based on commercial real estate analysis and CRE market data from WDSuite, the neighborhood shows renter concentration that is competitive within the Los Angeles metro and occupancy above the metro median, both supportive of income durability. High ownership costs in the area further sustain reliance on rental housing, while 3-mile demographics point to household growth and a larger tenant base over the next five years.
Operationally, strong access to daily-needs retail and major entertainment/telecom employment cores supports leasing velocity and retention. Underwriting should still consider modest occupancy softening at the neighborhood level in recent years and mixed amenity depth (limited parks/cafes), addressed through resident experience programming and unit-level modernization.
- Competitive renter base and above-median neighborhood occupancy support stabilized cash flow potential.
- 1985 construction offers relative advantage versus older stock with selective renovation upside.
- High-cost ownership market reinforces multifamily demand and pricing power with effective operations.
- Risks: recent occupancy softening and limited park/cafe amenities; mitigate via resident experience and targeted capex.