| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 51st | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6205 Woodman Ave, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 75 |
| Transaction Date | 2019-07-23 |
| Transaction Price | $18,750,000 |
| Buyer | WOODMAN77 LLC |
| Seller | UNITED NORDHOFF APARTMENT LLC |
6205 Woodman Ave Van Nuys Multifamily Investment
Positioned in a renter-heavy Van Nuys neighborhood where occupancy trends sit above the metro median, the asset benefits from durable tenant demand according to CRE market data from WDSuite. Strong local services and proximity to major employment hubs support retention and leasing stability.
Van Nuys carries a B+ neighborhood rating and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 438 of 1,441), indicating balanced fundamentals for multifamily investors. Neighborhood occupancy is above the metro median, and a high share of renter-occupied housing units signals a deep tenant base and steady leasing velocity.
Everyday conveniences are a strength: grocery and pharmacy access rank in the top decile nationally, and restaurants are dense for an urban core location. Parks and cafes are comparatively sparse, which can temper lifestyle appeal, but the overall amenity mix still favors daily needs and supports resident retention.
Within a 3-mile radius, households have increased while average household size has edged lower, and projections point to further household growth through 2028 even with flat population trends. For investors, this translates to a broader renter base and support for occupancy stability — a theme echoed in broader commercial real estate analysis for infill LA submarkets.
Ownership remains a high-cost option in this area, which reinforces reliance on multifamily housing and can bolster pricing power. The property’s 1986 vintage is newer than the neighborhood’s typical 1970 stock, enhancing competitive positioning versus older buildings; investors should still plan for selective modernization and systems updates to meet current renter expectations.
Safety indicators compare favorably at the national level, with the neighborhood placing in the top quartile nationwide on composite crime measures. Recent trends also show notable year-over-year declines in estimated violent and property offenses, supporting a perception of improving conditions.
Within the Los Angeles-Long Beach-Glendale metro context, safety is mixed relative to peer neighborhoods, so property-level measures and management practices remain important to sustain resident confidence and lease stability.
Nearby media, entertainment, and infrastructure employers underpin renter demand and short commute times, supporting leasing and retention for workforce and professional tenants. The following employers anchor the area’s job base within a 10-mile radius.
- Charter Communications — telecom & cable offices (5.1 miles)
- Radio Disney — media offices (5.6 miles)
- Disney — entertainment studios (6.4 miles) — HQ
- Live Nation Entertainment — live events & music (7.8 miles) — HQ
- Occidental Petroleum — energy (8.6 miles) — HQ
The asset’s 75-unit scale and 1986 vintage position it competitively in a Van Nuys neighborhood where renter concentration is high and occupancy trends sit above the metro median. Based on CRE market data from WDSuite, local NOI per unit performance and sustained renter demand in this urban core location support a case for stable operations. Newer-than-average vintage versus the neighborhood’s 1970 typical stock provides a relative edge, while still leaving room for targeted modernization to capture premium tenancy.
Within a 3-mile radius, households are growing even as population remains roughly flat, indicating smaller household sizes and a broader renter pool. A high-cost ownership landscape in Los Angeles County reinforces reliance on multifamily housing, which can sustain pricing power and lease retention when paired with solid property management.
- Renter-heavy neighborhood and above-metro occupancy support durable leasing
- 1986 construction is newer than local stock, with value-add potential via modernization
- Strong daily-needs amenities (grocery/pharmacy) and access to major employers bolster retention
- Household growth within 3 miles expands the renter base and supports occupancy stability
- Risks: metro-level safety variability and limited parks/cafes may require amenity programming and active management