| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 90th | Best |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10231 Riverside Dr, Toluca Lake, CA, 91602, US |
| Region / Metro | Toluca Lake |
| Year of Construction | 1987 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10231 Riverside Dr Toluca Lake Multifamily Investment
Neighborhood fundamentals point to durable renter demand supported by a high-cost ownership market and steady occupancy, according to WDSuite’s CRE market data. Positioning in Toluca Lake offers exposure to entertainment-adjacent employment without relying on a single demand driver.
Toluca Lake scores A- overall (ranked 259 of 1,441 Los Angeles metro neighborhoods), placing the area in the top quartile locally for livability and investment appeal. Dining density is a clear strength — restaurant options rank in the 99th percentile nationally, with cafes also strong (97th percentile) — providing lifestyle convenience that can aid leasing and retention, per WDSuite’s commercial real estate analysis.
Home values in the neighborhood sit at elevated levels relative to national norms, which typically sustains reliance on rental housing and supports pricing power for well-managed assets. Median household incomes are above national averages, and the neighborhood’s rent-to-income profile trends near the national midpoint, which can temper affordability pressure and support renewal rates for competitive product.
Within a 3-mile radius, demographics indicate a large renter base (about 63% of housing units are renter-occupied) and rising incomes, pointing to a deeper tenant pool. While recent population counts were roughly flat to slightly lower, WDSuite’s CRE market data show forecasts for growth in both population and households over the next five years, which can expand the renter pool and help support occupancy stability.
The property’s 1987 vintage is modestly newer than the neighborhood’s average construction year of 1981. For investors, that suggests competitive positioning versus older stock while still planning for mid-life capital items and targeted renovations to capture value-add upside.
Occupancy at the neighborhood level trends slightly above the national midpoint, with strong amenities and a high-cost ownership environment reinforcing multifamily demand. Notable gaps include limited park and childcare presence in immediate neighborhood metrics, which may modestly influence tenant mix but are often offset by the broader amenity depth and employment access across the Los Angeles core.
Safety indicators for the neighborhood sit near the national midpoint overall, based on WDSuite’s data. Property crime levels compare weaker than many neighborhoods nationwide, while violent offense rates are below the national midpoint; both measures have improved year over year, with violent offenses showing a notably strong downward trend. These readings are neighborhood-level and help frame risk context rather than block-level conditions.
Within the Los Angeles metro, the neighborhood’s crime rank is in the middle tier (ranked 832 out of 1,441), indicating conditions broadly similar to metro averages. Recent improvements — including double-digit declines in estimated property and violent offense rates — are constructive for long-term positioning, though investors should continue standard diligence and security planning consistent with urban Los Angeles assets.
Proximity to media and corporate offices underpins renter demand through short commutes and diversified white-collar employment, including Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — corporate offices (0.7 miles)
- Disney — corporate offices (1.7 miles) — HQ
- Charter Communications — corporate offices (3.3 miles)
- Live Nation Entertainment — corporate offices (3.6 miles)
- Avery Dennison — corporate offices (5.6 miles) — HQ
10231 Riverside Dr offers exposure to Toluca Lake’s top-quartile neighborhood positioning within the Los Angeles metro, with strong amenity depth and a high-cost ownership market that helps sustain multifamily demand. The 1987 vintage provides a competitive starting point versus older stock while leaving room for targeted upgrades to bolster rent positioning and retention. According to CRE market data from WDSuite, neighborhood occupancy trends near the national midpoint and the surrounding 3-mile area shows a large renter-occupied share, which supports leasing stability.
Looking ahead, forecasts within 3 miles point to growth in households and incomes, expanding the tenant base for well-maintained assets. Employment anchors in nearby entertainment and corporate corridors provide diversified demand drivers and commute convenience, while investors should plan for typical Los Angeles urban risk management and mid-life capital items.
- Top-quartile neighborhood in Los Angeles with strong dining and service access supporting retention
- High-cost ownership landscape reinforces renter reliance and pricing power for well-managed units
- 1987 vintage allows targeted value-add to enhance competitiveness against older stock
- Nearby media and corporate employers broaden the tenant base and support occupancy
- Risks: mid-life capital planning, property-crime monitoring typical of urban Los Angeles, and modest amenity gaps (parks/childcare) in immediate area