| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6541 Kester Ave, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6541 Kester Ave, Van Nuys Multifamily Investment
Neighborhood fundamentals point to steady renter demand and solid occupancy, according to WDSuite’s CRE market data, with a high renter concentration supporting leasing durability. The asset’s 1977 vintage suggests potential for targeted modernization to enhance competitiveness in a high-cost ownership market.
Situated in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates B and functions as an Urban Core location. Amenity access is a strength: high concentrations of groceries, pharmacies, cafes, and restaurants rank in the top quartile nationally, supporting daily convenience and tenant retention. Park access is limited within the immediate area, which places more weight on on-site offerings and nearby private amenities for resident appeal.
Occupancy in the surrounding neighborhood is above the national median, and the share of renter-occupied housing is very high (roughly four-fifths), indicating a deep tenant base for multifamily operators. Median asking rents trend above the national median, while home values sit in a high-cost ownership market (top decile nationally), which generally sustains reliance on rental housing and supports demand for professionally managed units.
Within a 3-mile radius, households have inched higher even as population edged down, implying smaller household sizes and a broader pool of renting households over time. Projections indicate further growth in household counts alongside rising incomes by mid-decade, which can expand the renter pool and support occupancy stability. These macro-to-micro dynamics are consistent with investor expectations for dense Los Angeles submarkets.
The average neighborhood construction year skews older than this property’s 1977 vintage, which positions the asset competitively versus older local stock while still leaving room for selective system upgrades or unit renovations to drive rent premiums and reduce near-term capex surprises.
School ratings in the area trend below national medians, which is a consideration for family-oriented leasing strategies. Still, robust amenity density and transit-oriented urban fabric tend to favor working-age renters and convenience-driven households in comparable Los Angeles submarkets, based on commercial real estate analysis from WDSuite.
Safety metrics are competitive among Los Angeles-Long Beach-Glendale neighborhoods, with the area comparing favorably to many U.S. neighborhoods (around the 73rd percentile nationally). Year-over-year trends point to notable declines in both property and violent offense estimates, indicating an improving trajectory rather than a static snapshot.
At the metro level, the neighborhood’s crime rank is stronger than a large share of peers (competitive among 1,441 metro neighborhoods), which supports renter retention narratives without overpromising block-level outcomes. Investors should continue to monitor trend direction and property-level security measures as part of ongoing risk management.
Proximity to major employers supports a broad workforce renter base and commute convenience, including telecommunications, media/entertainment, life sciences, and insurance firms listed below.
- Charter Communications — telecommunications (6.5 miles)
- Radio Disney — media (7.1 miles)
- Thermo Fisher Scientific — life sciences (7.9 miles)
- Disney — entertainment (7.9 miles) — HQ
- Farmers Insurance Exchange — insurance (8.3 miles) — HQ
This 21-unit, 1977-vintage asset in Van Nuys benefits from a renter-heavy urban core with amenity density in the top quartile nationally, supporting tenant retention and day-to-day convenience. Home values are elevated versus national benchmarks, reinforcing reliance on rental housing and helping sustain multifamily demand. According to CRE market data from WDSuite, neighborhood occupancy is solid and renter concentration is high, signaling depth of demand for well-managed properties.
The vintage is newer than much of the surrounding stock, offering a competitive starting point while leaving room for targeted modernization to capture incremental rent. Near-term risks include household affordability pressure relative to incomes and below-median school ratings; however, expanding household counts within a 3-mile radius and proximity to diverse employment nodes support leasing resilience over a full cycle.
- Renter-heavy neighborhood and solid occupancy support stable leasing
- Amenity-rich Urban Core location aids retention and pricing power
- 1977 vintage offers value-add via selective renovations and system updates
- Elevated ownership costs locally reinforce multifamily demand
- Risks: affordability pressure and below-median school ratings warrant active lease management