When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Diversity
Did you know that the Victory Blvd / Lankershim Blvd neighborhood has more
Armenian and Croatian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.4% of
this neighborhood's residents have Armenian ancestry and 0.9% have Croatian ancestry.
Victory Blvd / Lankershim Blvd is also pretty special linguistically. Significantly, 58.8% of its residents five years old and above primarily
speak Spanish at home. This is a higher percentage than 95.5% of all U.S. neighborhoods.
Notable & Unique: Occupations
From major sales accounts to fast-food workers, sales and service employees
are often the backbone of the local economy. In the Victory Blvd / Lankershim Blvd
neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis
identifies this neighborhood as having a higher percentage of sales and
service workers than 95.6% of all American neighborhoods.
Notable & Unique: Real Estate
In addition, the Victory Blvd / Lankershim Blvd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 92.5% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, 93.6% of the real estate in the Victory Blvd / Lankershim Blvd neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 1.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Victory Blvd / Lankershim Blvd neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Also of note, one of the really unique and interesting things about the look and setting of the Victory Blvd / Lankershim Blvd neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 79.0% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.1% of all neighborhoods in America.
Notable & Unique: People
With a nice mix of college students, safety from crime, and decent
walkability, the Victory Blvd / Lankershim Blvd neighborhood rates highly
as a college student friendly place to live, and one that college
students and their parents may want to consider. NeighborhoodScout's
analysis shows that it rates more highly for a good place for college
students to live than 86% of the neighborhoods in
CA. This often also means that the area has certain amenities
and services geared towards college students, from undergraduates to