| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 49th | Fair |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6228 Fulton Ave, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6228 Fulton Ave, Van Nuys Multifamily Investment
Neighborhood-level occupancy trends in the mid-90s point to steady leasing potential and renter demand, according to WDSuite’s CRE market data. With a balanced rent-to-income profile and an urban core setting, the asset’s fundamentals support durable cash flow management.
Positioned in Van Nuys’ urban core, the neighborhood shows solid renter demand signals: the share of housing units that are renter-occupied is above the metro median, creating a broad tenant base for a 30-unit property. Neighborhood occupancy is 95.6% (neighborhood figure, not the property), which sits in the 74th percentile nationally, supporting lease-up and retention strategies based on WDSuite’s CRE market data.
Livability indicators are mixed. Restaurants per square mile are strong (top quartile nationally), while parks density ranks in the 99th percentile nationwide—useful for quality-of-life appeal. However, neighborhood-level counts for cafes, groceries, and pharmacies are thin within the defined boundary, so daily-needs retail may require short drives to adjacent Los Angeles submarkets. Average school ratings trend below national norms, which may temper appeal for some family renters.
The property’s 1985 vintage is newer than the neighborhood’s average construction year (1965). That typically provides relative competitiveness versus older stock, while still warranting pragmatic capital planning for aging systems or targeted renovations to meet current renter expectations.
Demographics aggregated within a 3-mile radius show stability with investor-relevant shifts: over the last five years, households grew modestly while population edged down, indicating smaller household sizes and a steady renter pool. Forward-looking projections point to increases in households by the next five-year window, which would expand the local tenant base and support occupancy stability. Elevated ownership costs in Los Angeles (with neighborhood home values in a high national percentile) reinforce reliance on multifamily rentals, aiding pricing power and lease retention where rent-to-income ratios remain manageable.
Safety indicators are favorable in a national context: the neighborhood sits in the 82nd percentile for safety versus neighborhoods nationwide, placing it in the top quintile. Compared with Los Angeles-Long Beach-Glendale metro peers, the area is competitive, offering a profile that can support resident retention and reduce turnover sensitivity for operators.
Recent trends also show improvement: estimated property and violent offense rates declined sharply year over year, ranking in the 99th percentile nationally for positive change. While conditions can vary block to block, the directional trend provides a constructive backdrop for long-term operations.
Nearby corporate offices anchor a diverse employment base—media, entertainment, telecom, engineering, and energy—that supports commuter convenience and multifamily renter demand. Notable employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, AECOM, and Occidental Petroleum.
- Charter Communications — telecom & media (4.6 miles)
- Radio Disney — media offices (5.1 miles)
- Disney — entertainment studios (5.9 miles) — HQ
- Live Nation Entertainment — live entertainment offices (7.7 miles) — HQ
- AECOM — engineering & infrastructure (8.6 miles) — HQ
- Occidental Petroleum — energy (8.6 miles) — HQ
6228 Fulton Ave is a 30-unit 1985-vintage asset positioned to capture steady renter demand in an urban core pocket of Van Nuys. Neighborhood occupancy trends are strong by national comparison, and the share of renter-occupied housing units indicates a deep tenant base. Newer-than-area-average construction provides competitive positioning versus older stock, with potential value-add through system updates and contemporary finishes. According to CRE market data from WDSuite, the neighborhood’s rent-to-income profile and high home values in the broader metro underpin sustained reliance on multifamily housing, supporting pricing discipline without overextending affordability.
Demographics aggregated within a 3-mile radius show modest household growth historically and projections that point to rising household counts ahead—signals consistent with renter pool expansion and occupancy stability. Parks access and restaurant density add to livability, while thinner neighborhood retail and below-average school ratings warrant conservative underwriting around marketing focus and unit mix.
- Neighborhood occupancy in the 74th national percentile supports stable leasing and renewal performance.
- 1985 construction offers a competitive edge versus older local stock, with targeted renovation upside.
- High ownership costs in the metro reinforce multifamily reliance, aiding pricing power and retention.
- 3-mile demographic outlook indicates household growth, expanding the tenant base over time.
- Risks: thinner neighborhood retail, below-average school ratings, and routine capex needs typical of 1980s assets.