| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 49th | Fair |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6220 N Fulton Ave, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6220 N Fulton Ave Van Nuys Multifamily Opportunity
Neighborhood occupancy is about 95.6%, supporting stable leasing fundamentals for a 30‑unit asset, according to WDSuite’s CRE market data. With a majority renter base and high-cost ownership nearby, the property is positioned to tap steady demand without relying on outsized rent growth.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the area shows resilient renter demand signals: the neighborhood s renter-occupied share is about 55%, indicating a deep tenant base for multifamily. Median rents trend above national norms while the rent-to-income ratio reads relatively manageable locally, supporting retention and lease stability for professionally managed assets.
Livability is mixed but investable. Parks access is a standout, ranking near the top among 1,441 metro neighborhoods and in the top percentile nationally, which helps overall resident appeal. Restaurant density tracks strong (top decile nationally), though cafe, grocery, and pharmacy counts within the immediate neighborhood cluster are limited, suggesting residents rely on nearby corridors for daily needs a manageable leasing consideration rather than a structural headwind in an urban Los Angeles context.
Home values sit at elevated levels locally compared with the nation (upper percentiles), which reinforces renter reliance on multifamily housing and can bolster pricing power over time. School ratings trail national benchmarks, which is a consideration for family-oriented leasing strategies, but doesn t preclude workforce demand drawn by employment centers across the Valley and Westside.
Construction patterns skew older in the neighborhood (average vintage mid-1960s). With a 1985 build, the property is newer than much of the surrounding stock, offering relative competitiveness versus older assets; investors should still plan for targeted modernization and system upgrades to drive rent premiums and operating efficiency.
Demographic statistics are aggregated within a 3-mile radius: households have grown modestly and are projected to rise further by 2028, even as average household size trends smaller. This points to a larger tenant base over time and supports occupancy stability for well-located, professionally managed properties.
Safety indicators compare favorably. The neighborhood places in the top quartile among 1,441 Los Angeles metro neighborhoods and around the 82nd percentile nationally, indicating relatively lower crime compared with many areas. Recent year-over-year estimates also point to notable declines in both property and violent offense rates, signaling an improving trend rather than a one-off datapoint.
As with any urban core location, conditions can vary by block and time of day. Investors should align on standard operating practices (lighting, access control, and coordination with local patrol patterns) to maintain resident confidence and protect asset performance.
Proximity to major entertainment and infrastructure employers supports a broad workforce renter pool and commuting convenience, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications corporate offices (4.6 miles)
- Radio Disney corporate offices (5.1 miles)
- Disney corporate offices (5.9 miles) HQ
- Live Nation Entertainment corporate offices (7.3 miles)
- AECOM corporate offices (8.6 miles) HQ
6220 N Fulton Ave offers a 1985 vintage relative to a neighborhood stock that skews older, giving the asset a competitive edge versus mid-century product while leaving room for value-add through targeted renovations. Elevated home values and a majority renter-occupied neighborhood underpin demand, and occupancy around the mid-90s supports stable cash flow expectations for well-operated assets. According to CRE market data from WDSuite, the local ownership market remains high-cost relative to incomes, which typically sustains the renter pool and supports pricing power for quality units.
Within a 3-mile radius, households have inched higher and are projected to continue growing as household sizes decline, expanding the addressable tenant base. Parks access is a clear amenity strength, while limited immediate cafe/grocery options and below-average school ratings are manageable considerations that call for thoughtful leasing strategy and resident services.
- Newer-than-neighborhood vintage (1985) offers competitive positioning with potential renovation upside
- Majority renter-occupied neighborhood and elevated ownership costs reinforce multifamily demand
- Stable neighborhood occupancy in the mid-90s supports cash flow durability for well-managed assets
- Strong parks access and proximity to major employers aid leasing and retention
- Risks: limited immediate daily-needs retail and below-average school ratings require tailored marketing and amenity programming