| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 30th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6600 Woodley Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6600 Woodley Ave Van Nuys Multifamily Investment
Neighborhood occupancy remains solid with a deep renter base, according to WDSuite’s CRE market data, supporting durable income fundamentals for a 1986-vintage asset in Van Nuys. Elevated ownership costs nearby help sustain renter reliance, though lease management should account for affordability pressure.
Located in Van Nuys within the Los Angeles metro, the neighborhood shows investor-friendly stability: neighborhood occupancy is about 96%–97% and renter-occupied housing is high, indicating a sizable tenant pool that can support leasing and retention through cycles. These are neighborhood-level signals, not property-specific, drawn from CRE market data from WDSuite.
Livability dynamics are mixed. Restaurant density tests well against national peers (upper tier nationally), but neighborhood-listed cafes, groceries, parks, and pharmacies are relatively sparse; residents typically draw on nearby corridors for daily needs across the San Fernando Valley. For investors, the takeaway is straightforward: demand depth is present, but marketing should emphasize commute convenience and regional amenity access rather than immediate walk-to retail.
Within a 3-mile radius, households have grown in recent years and are projected to expand further even as average household size trends smaller. This points to a larger pool of housing formations and a potentially broader renter base, which can support occupancy stability and absorption for mid-size assets like this 53-unit property.
Ownership costs in the surrounding neighborhood are elevated relative to national norms, which tends to reinforce multifamily demand and pricing power. At the same time, rent-to-income levels are on the higher side locally, suggesting prudent renewal strategies and revenue management to balance retention with growth.
Safety indicators compare favorably at the national level, with neighborhood measures testing in the top quartile nationally, according to WDSuite’s data. Recent estimates also show year-over-year declines in both property and violent offense rates in the surrounding area. These are neighborhood-level trends rather than property-specific figures and can contribute to leasing stability when combined with strong renter demand.
The area draws from a diverse employment base across life sciences, insurance, telecom, media, and energy, supporting renter demand through commute convenience to nearby corporate offices listed below.
- Thermo Fisher Scientific — life sciences (6.4 miles)
- Farmers Insurance Exchange — insurance (6.8 miles) — HQ
- Charter Communications — telecom (8.0 miles)
- Radio Disney — media (8.5 miles)
- Occidental Petroleum — energy (9.3 miles) — HQ
Built in 1986, the property is newer than much of the surrounding neighborhood stock, offering competitive positioning versus older assets while leaving room for targeted system upgrades and interior refreshes as part of a value-add plan. Neighborhood data from WDSuite points to resilient occupancy and a high share of renter-occupied housing units, which underscores depth of demand for stabilized operations.
Within a 3-mile radius, households are expanding and projected to continue rising even as average household size contracts, a combination that can broaden the renter pool and support absorption. Elevated ownership costs in the immediate area tend to sustain demand for rentals, though higher rent-to-income ratios mean renewals and pricing should be managed carefully. According to WDSuite’s commercial real estate analysis, neighborhood-level rent trends are on an upward trajectory over the forecast period, which supports a steady revenue outlook if paired with disciplined expense control.
- 1986 vintage offers competitive positioning vs. older stock with potential for selective modernization
- Strong neighborhood occupancy and high renter concentration support demand stability
- Household growth within 3 miles and shrinking household size expand the renter pool
- Elevated ownership costs nearby reinforce reliance on multifamily housing
- Risk: higher rent-to-income levels and leaner walk-to amenities call for balanced pricing and amenity strategy