| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6215 Kester Ave, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2005 |
| Units | 28 |
| Transaction Date | 2003-08-06 |
| Transaction Price | $715,000 |
| Buyer | L C ASSOCIATES LLC |
| Seller | ROJO MARY ANN |
6215 Kester Ave Van Nuys Multifamily Investment
Neighborhood occupancy has been resilient and renter concentration is among the highest in the metro, supporting durable demand, according to CRE market data from WDSuite. Elevated ownership costs locally further sustain the rental market, though rent-to-income pressures warrant attentive lease management.
The property sits within an Urban Core neighborhood of Los Angeles that scores a B overall and benefits from strong daily-needs access. Amenity density ranks 167th out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile, with grocery, pharmacy, and dining options performing in high national percentiles. This concentration of services supports renter convenience and retention.
For multifamily performance, neighborhood occupancy trends are solid relative to national benchmarks, and the area exhibits a very high share of renter-occupied housing (top percentile nationally). For investors, that translates to a deep tenant base and generally steady leasing conditions, though pricing should be calibrated to local affordability signals.
Home values are elevated (high national percentile) compared with incomes, a profile typical of Los Angeles. In investor terms, a high-cost ownership market tends to reinforce reliance on rental options, aiding demand depth and potential lease retention. However, the rent-to-income profile indicates some affordability pressure, so renewal strategies and rent steps should reflect local incomes to sustain occupancy.
Within a 3-mile radius, demographic statistics indicate population has been roughly flat in recent years while households have increased, pointing to smaller household sizes and a gradual expansion of the renter pool. Forward-looking projections suggest additional household and income growth through 2028, which can support occupancy stability and measured rent growth. Average school ratings trail national norms, and park access is limited, which may factor into unit mix strategy and amenity positioning to compete effectively.
The building’s 2005 vintage is newer than the neighborhood’s older housing stock (average construction year late 1960s). That relative youth can be a competitive advantage versus legacy properties, while investors should still plan for mid-life system updates and targeted modernization to meet current renter expectations.
Safety indicators for the neighborhood compare favorably in a regional context, with its crime ranking competitive among Los Angeles neighborhoods (444th out of 1,441). Nationally, the area sits above the median for safety, and recent data shows notable year-over-year declines in both property and violent offense rates. For investors, this trend-based view supports leasing stability without relying on block-level assertions.
Proximity to a diversified employment base supports renter demand and commute convenience, notably across telecom, media, life sciences, and entertainment headquarters referenced below.
- Charter Communications — telecom (6.6 miles)
- Radio Disney — media (7.0 miles)
- Thermo Fisher Scientific — life sciences (7.8 miles)
- Disney — entertainment (7.8 miles) — HQ
- Live Nation Entertainment — entertainment (8.2 miles) — HQ
6215 Kester Ave offers exposure to a renter-heavy submarket with resilient neighborhood occupancy and strong daily-needs access. The area’s high-cost ownership landscape supports sustained multifamily demand and potential lease retention, while the property’s 2005 construction is competitively newer than much of the surrounding stock—positioning it well against older assets and allowing targeted value-add through modernization rather than full repositioning, based on CRE market data from WDSuite.
Within a 3-mile radius, households have grown even as population has been roughly flat, and projections indicate additional household and income gains through 2028—favorable for a larger tenant base and stable absorption. Affordability pressure remains a consideration (given the rent-to-income profile), suggesting disciplined rent setting and renewal management to balance pricing power with retention. Limited park access and below-average school ratings can be offset by on-site amenities and service quality.
- Renter-heavy neighborhood and resilient occupancy support durable leasing
- High-cost ownership market reinforces sustained rental demand and retention
- 2005 vintage offers competitive positioning versus older local stock with targeted update potential
- 3-mile household and income growth outlook supports tenant-base expansion
- Risks: rent-to-income pressure, limited parks, and lower school ratings require thoughtful lease and amenity strategy