| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 61st | Good |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6210 Woodman Ave, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1985 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6210 Woodman Ave Van Nuys Multifamily Investment
Neighborhood fundamentals point to durable renter demand—mid-90s occupancy and a renter-occupied share around half of units support leasing stability in this Urban Core pocket of Van Nuys, according to WDSuite’s CRE market data.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the surrounding neighborhood scores competitively on amenities—top quartile among 1,441 metro neighborhoods and strong nationally on cafes and childcare (both near the top of national distributions). Parks access also trends well above national averages, while pharmacy availability is comparatively thin. For investors, these mixed-but-favorable amenity signals generally support resident retention and leasing velocity.
Renter demand drivers are reinforced by a high-cost ownership market. Home values sit near the top of national comparisons, which tends to sustain reliance on multifamily housing and can support pricing power when managed thoughtfully. Neighborhood rents benchmark in the upper range nationally with meaningful five-year growth, aligning with stable occupancy.
The property s 1985 vintage is newer than the area s average construction year (1976). That positioning can be competitive versus older stock, while investors should still plan for modernization of systems and targeted common-area updates to meet current tenant expectations.
Within a 3-mile radius, population has been roughly stable in recent years while household counts have increased and average household size has edged down. This combination typically expands the renter pool and supports occupancy stability. School ratings trend below national norms, which may warrant a focus on amenities and unit finishes to appeal to the area s principally adult renter base. Based on CRE market data from WDSuite, neighborhood occupancy is above national averages, and the share of renter-occupied housing indicates a deep tenant base for multifamily operators.
Safety signals compare favorably in national context, with indicators aligning in the upper percentiles nationwide. Recent data also show notable year-over-year improvement in both violent and property offense measures. For investors, this trajectory reduces perceived risk relative to many urban peers and can aid leasing and renewal efforts, though conditions can vary by block and should be validated during due diligence.
Proximity to major media and corporate offices supports a broad workforce tenant base and convenient commutes. Nearby employers span telecommunications, entertainment, and engineering—diverse industries that can underpin steady renter demand in this submarket.
- Charter Communications telecommunications (5.1 miles)
- Radio Disney entertainment/media (5.5 miles)
- Disney entertainment/media (6.3 miles) HQ
- Live Nation Entertainment entertainment (7.8 miles) HQ
- Activision Blizzard Studios entertainment/gaming (8.2 miles)
6210 Woodman Ave combines Urban Core convenience with fundamentals that favor multifamily performance: nationally above-average neighborhood occupancy, a substantial share of renter-occupied housing units, and strong amenity depth. Elevated ownership costs in the area tend to reinforce rental demand and can support pricing power and retention when paired with responsive operations. According to CRE market data from WDSuite, rents benchmark in the upper national range and have grown over five years, aligning with steady neighborhood performance.
Built in 1985, the asset is newer than much of the surrounding stock, offering relative competitiveness versus older properties while still presenting opportunities for targeted value-add and system upgrades. Within a 3-mile radius, households have increased as average household size has declined, and projections call for further household growth—factors that typically expand the renter pool and support occupancy stability over the long term.
- Newer 1985 vintage versus area average, with potential for targeted modernization and value-add
- High-cost ownership market supports sustained multifamily demand and pricing power
- Strong amenity depth (cafes, childcare, parks) aids leasing and retention
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: below-average school ratings, thinner pharmacy access, and the need to actively manage affordability pressure to maintain retention