| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5921 Whitsett Ave, Valley Vlg, CA, 91607, US |
| Region / Metro | Valley Vlg |
| Year of Construction | 1984 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5921 Whitsett Ave Valley Vlg Multifamily Opportunity
Neighborhood occupancy is solid and renter demand is supported by a high renter-occupied share, according to WDSuite’s CRE market data.
This Urban Core pocket of Valley Vlg sits in a high-cost ownership market, with neighborhood home values elevated relative to most U.S. areas. That backdrop typically sustains multifamily leasing by reinforcing reliance on rental housing and supporting pricing power for well-maintained assets.
Renter concentration is strong: the neighborhood reports a high share of renter-occupied housing units (60.4%), indicating a deep tenant base and steady demand for apartments. Neighborhood occupancy is 95.6% (above the national median and in the 74th percentile nationally), which supports expectations for stable lease-up and retention at comparable properties in this area.
Local daily-needs access is a relative strength, with grocery and restaurant density ranking toward the high end nationally. Within neighborhood boundaries, parks, pharmacies, and cafes are limited, so property-level amenities can be a differentiator to attract and retain residents.
Within a 3-mile radius, demographics indicate a large existing renter pool and smaller average household sizes over time, which can favor apartment demand. Despite modest population softness in recent years, forecasts point to growth in both households and incomes, expanding the near-term renter base. Median contract rents in the neighborhood skew higher versus national norms, reflecting market depth rather than discount positioning.
Vintage and competitiveness: Built in 1984, the property is newer than the neighborhood’s average construction year of 1973. That vintage can compete well against older stock, though investors should plan for selective modernization and aging system upgrades to support rent positioning.
Neighborhood safety benchmarks compare favorably in broader context. By rank, the area is competitive among Los Angeles neighborhoods (roughly top quartile among 1,441 metro neighborhoods), and national comparisons place the neighborhood around the 80th percentile for overall safety. Recent trend data from WDSuite indicates steep year-over-year declines in both violent and property offenses, an encouraging signal for tenant retention and operations. As always, safety can vary by block and time of day, so underwriting should consider property-specific measures and management practices.
Proximity to major media, telecom, and live entertainment employers provides a sizable professional renter base and supports leasing stability. The following nearby corporate offices illustrate the employment drivers accessible within typical commuting distance.
- Charter Communications — telecom (3.8 miles)
- Radio Disney — media (4.0 miles)
- Disney — media & entertainment (4.8 miles) — HQ
- Live Nation Entertainment — media & entertainment offices (6.4 miles)
- Live Nation Entertainment — media & entertainment (7.2 miles) — HQ
The investment case centers on stable neighborhood occupancy, a high renter-occupied share, and proximity to diversified white-collar employment. Built in 1984, the asset should compete effectively versus older local stock; however, capital plans for targeted updates and system replacements can unlock further rent positioning. According to CRE market data from WDSuite, the neighborhood’s occupancy trends sit above national medians, and elevated home values locally help sustain multifamily demand by keeping the renter pool deep.
Within a 3-mile radius, forecasts point to growth in households alongside rising incomes, which can support rent absorption and retention. Amenity access favors daily needs (grocery, restaurants), while limited neighborhood parks and cafes suggest that on-site amenities and professional management can further enhance leasing outcomes.
- Neighborhood occupancy above national medians supports lease stability
- High renter-occupied share indicates depth of tenant demand
- 1984 vintage offers competitive positioning with value-add upside via modernization
- Nearby media and telecom employers underpin a steady professional renter base
- Risks: limited park/cafe density within neighborhood boundaries and potential capex for aging systems