| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 61st | Good |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6030 Woodman Ave, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1989 |
| Units | 23 |
| Transaction Date | 1994-03-03 |
| Transaction Price | $1,250,000 |
| Buyer | CHENG DUNSON |
| Seller | REAL ESTATE COLLATERAL MANAGEMENT CO |
6030 Woodman Ave, Van Nuys CA Multifamily Investment
Positioned in an Urban Core pocket of the San Fernando Valley, this 23-unit asset benefits from steady neighborhood occupancy and proximity to major employment hubs, according to WDSuite’s CRE market data.
Van Nuys b b specifically around 6030 Woodman Ave b sits in a "top quartile" amenity environment among 1,441 Los Angeles metro neighborhoods, with dense cafe, childcare, park, and dining options supporting day-to-day convenience. This concentration of services underpins renter appeal and helps sustain leasing velocity, based on commercial real estate analysis from WDSuite.
Neighborhood occupancy is firm at the area level and ranks above the national median, supporting stability for multifamily operators. Note this is the neighborhood b not the property b and it should be used as directional context for underwriting rather than a proxy for asset-specific performance.
Construction vintage in the subarea skews to the late 1970s on average, while the subject 9s 1989 delivery is newer than much of the surrounding stock. That positioning can enhance competitive standing versus older comparables, though investors should still plan for ongoing modernization of systems common to late-1980s assets.
Within a 3-mile radius, households have expanded modestly while average household size edged lower, indicating more households across a similar population base. This pattern typically supports a broader tenant base and steady absorption for well-managed multifamily. Median home values in the neighborhood sit at the high end locally and nationally, which generally reinforces renter reliance on multifamily housing and can aid lease retention. At the same time, rent-to-income metrics for the neighborhood indicate comparatively manageable affordability pressure, a positive for renewal performance.
Schools in the immediate area trend below national averages on rating, which may temper demand from some family renters, but the strong amenities mix and deep renter pool in this Urban Core location remain supportive of occupancy.
Safety indicators compare favorably: neighborhood crime levels are in the top quartile among 1,441 Los Angeles metro neighborhoods and sit above national medians for safety. Year over year, both violent and property offense estimates have moved lower in this area, according to WDSuite cs CRE market data, signaling an improving trend. Use these as neighborhood-level signals b block-level conditions can vary and should be verified during site visits.
Nearby entertainment and professional services employers provide a sizable commuter base that supports renter demand and lease retention at workforce and mid-market price points. Key nodes include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications cspan e 3mdash telecom & media (5.1 miles) 3c/span e
- Radio Disney cspan e 3mdash media (5.5 miles) 3c/span e
- Disney cspan e 3mdash entertainment (6.3 miles) 3c/span e 3cspan e 3mdash HQ 3c/span e
- Live Nation Entertainment cspan e 3mdash entertainment (7.4 miles) 3c/span e
- AECOM cspan e 3mdash engineering & infrastructure (8.4 miles) 3c/span e 3cspan e 3mdash HQ 3c/span e
This 23-unit, 1989-vintage asset in Van Nuys aligns with durable rental fundamentals: neighborhood occupancy is solid, renter concentration is deep, and high local home values tend to keep households in the rental market longer b collectively supportive of stable leasing and retention. The building 9s newer-than-area-average vintage and larger average unit sizes can enhance competitiveness versus older local stock, while still leaving room for targeted system updates or value-add interior modernization over time.
Household growth within a 3-mile radius and a shift toward smaller household sizes point to a broadening tenant base over the forecast period, with rents expected to continue trending upward locally. According to CRE market data from WDSuite, rent-to-income levels in the neighborhood suggest manageable affordability pressure, which can aid renewals and reduce turnover risk relative to higher-burden submarkets.
- Newer 1989 vintage than much of the area b competitive positioning versus older comparables with potential for selective upgrades.
- Deep renter base and solid neighborhood occupancy support leasing stability and renewal performance.
- High ownership costs in the area reinforce renter reliance on multifamily b supportive of pricing power and retention.
- Larger average unit sizes (~1,200 SF) can attract longer-tenured renters and households seeking more space.
- Risks: below-average school ratings and limited pharmacy access may temper some demand segments b monitor neighborhood trends and asset-level performance closely.