| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6306 Cedros Ave, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1990 |
| Units | 30 |
| Transaction Date | 2024-07-03 |
| Transaction Price | $7,110,000 |
| Buyer | 14655 SYLVAN PROPERTY LLC |
| Seller | ZIV ENTERPRISES LLC |
6306 Cedros Ave Van Nuys Multifamily Investment
Positioned in an Urban Core pocket of Van Nuys with a deep renter base, the property benefits from steady neighborhood occupancy and high nearby amenity density, according to WDSuite’s CRE market data.
The immediate area functions as an Urban Core hub with strong daily conveniences: neighborhood data indicate high concentrations of grocery, pharmacy, and dining options, placing the location above many Los Angeles-Long Beach-Glendale metro peers for practical amenities. Park acreage is limited nearby, so most lifestyle needs are met through retail and services rather than large green spaces.
Neighborhood renter concentration is high, with renter-occupied housing representing a large share of units and ranking Top quartile among 1,441 metro neighborhoods; nationally, renter concentration trends in the upper percentiles. For multifamily investors, this depth of renter demand can support leasing velocity and renewal prospects, though pricing should still reflect local affordability dynamics.
Neighborhood occupancy is measured for the neighborhood, not this property, and has remained in the mid-90% range in recent readings. While not at the very top of the metro, it supports a baseline of demand that has been resilient across cycles, based on CRE market data from WDSuite.
Within a 3-mile radius, households have inched higher even as overall population edged down modestly, implying smaller average household sizes and a near-term shift toward more household formations. Forward-looking projections indicate additional increases in households over the next five years, which points to a larger tenant base and supports occupancy stability for professionally managed assets.
Home values in the neighborhood sit in a high-cost ownership market with national metrics in the mid-90th percentiles. This context typically sustains reliance on rental housing and can bolster tenant retention, though elevated rent-to-income ratios in the area suggest careful lease management to balance rent growth with renewal risk. Average school ratings are below metro leaders, which may influence unit mix positioning toward working professionals and households prioritizing commute and amenity access.
Safety indicators for the neighborhood are competitive among Los Angeles-Long Beach-Glendale neighborhoods, with overall crime metrics comparing favorably to many areas nationwide. Recent WDSuite estimates also point to sharp year-over-year declines in both violent and property offenses, suggesting improving conditions; however, violent crime sits closer to national mid-range levels, so investors should continue to monitor trend direction alongside property-level measures.
Proximity to major media and technology employers underpins workforce housing demand and commute convenience for renters, including Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Live Nation Entertainment.
- Charter Communications — telecommunications (6.3 miles)
- Radio Disney — media (6.7 miles)
- Disney — media & entertainment (7.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.1 miles)
- Live Nation Entertainment — live entertainment (8.2 miles) — HQ
Built in 1990, the property is newer than much of the surrounding housing stock, providing a competitive position versus older vintage assets while leaving room for targeted modernization to enhance rents and operating efficiency. The neighborhood shows a high renter-occupied share and amenity-rich environment, supporting a durable tenant base and consistent leasing performance. According to CRE market data from WDSuite, neighborhood occupancy has remained solid and home values are elevated, which typically reinforces reliance on rental housing.
Within a 3-mile radius, households are trending higher and are projected to expand further, signaling renter pool expansion and support for long-term demand. At the same time, local rent-to-income levels and below-metro-average school ratings warrant calibrated underwriting and asset management to maintain retention while pursuing value-add initiatives.
- 1990 vintage offers competitive positioning versus older stock, with modernization upside
- High renter concentration and amenity depth support leasing stability and renewal potential
- Household growth within 3 miles indicates a larger tenant base over the forecast period
- Elevated ownership costs in the area reinforce multifamily demand and pricing power
- Risk: higher rent-to-income ratios and softer school ratings call for careful lease and unit-mix strategy