| 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 | 28 |
| Transaction Date | 2015-09-10 |
| Transaction Price | $10,500,000 |
| Buyer | CHATEAU W 6600 LP |
| Seller | 6600 WOODLEY PARK LLC |
6600 Woodley Ave Van Nuys Multifamily Investment
Neighborhood occupancy remains strong and renter demand is deep in this Van Nuys pocket, according to WDSuite s CRE market data. Investors screening Los Angeles assets may find stability supported by a high share of renter-occupied housing in the immediate area.
This property sits within an Urban Core neighborhood of Los Angeles where renter-occupied housing is prevalent, supporting a deep tenant base for small and mid-size multifamily. The neighborhood s occupancy ranks competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 515 out of 1,441), a signal of steady leasing conditions at the neighborhood level rather than the property itself, based on commercial real estate analysis from WDSuite.
Local livability is mixed: overall amenity rank is below the metro median (1,317 of 1,441), but restaurant density is top quartile nationally. Everyday conveniences like groceries, pharmacies, parks, and cafes are thinner nearby. For investors, this suggests marketing should emphasize food/service access while acknowledging limited immediate convenience retail, which may slightly extend resident errand trips but typically doesn t impede leasing in this submarket context.
Ownership costs benchmark high versus national measures, which tends to sustain rental demand and can support pricing power and lease retention. At the same time, rent-to-income ratios sit in lower national percentiles, indicating affordability pressure and the need for attentive renewal strategies and lease management.
Within a 3-mile radius, demographics indicate a broadly stable population with a modest decline alongside an increase in households and smaller household sizes. Forward-looking projections point to further growth in household counts over the next five years, which can expand the renter pool and support occupancy stability. The asset s 1986 vintage is newer than the neighborhood s average construction year (1977), offering relative competitiveness versus older stock; investors should still plan for ongoing modernization and system upgrades to meet current renter expectations.
WDSuite s benchmarks indicate the neighborhood compares favorably on safety: it sits in a high national safety percentile and ranks 114 out of 1,441 metro neighborhoods, placing it above the Los Angeles metro median. This comparative positioning, framed at the neighborhood level rather than the property, supports leasing confidence and resident retention.
Trend indicators over the last year show significant declines in both property and violent offense estimates. While conditions can vary by block and over time, the broader neighborhood trajectory is constructive relative to regional patterns, which is supportive for long-term operations.
The surrounding employment base includes corporate offices across life sciences, insurance, telecom, media, and energy, supporting workforce renter demand and commute convenience for residents. Notable nearby employers include Thermo Fisher Scientific, Farmers Insurance, Charter Communications, Radio Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences equipment (6.4 miles)
- Farmers Insurance Exchange — insurance (6.8 miles) — HQ
- Charter Communications — telecom (8.0 miles)
- Radio Disney — broadcast media (8.5 miles)
- Occidental Petroleum — energy (9.3 miles) — HQ
6600 Woodley Ave combines a high-share renter neighborhood with competitive occupancy performance at the neighborhood level, providing a supportive backdrop for small-scale multifamily. Elevated ownership costs in the area reinforce reliance on rentals, while restaurants are plentiful even as other amenities remain thinner. According to CRE market data from WDSuite, the neighborhood s occupancy ranks competitive within the Los Angeles metro, which aligns with stable tenant demand.
The 1986 vintage is newer than the neighborhood average, positioning the asset favorably against older stock while still calling for pragmatic modernization plans. Within a 3-mile radius, a modest population dip paired with projected household growth suggests smaller household sizes and a potentially larger tenant base, supportive of leasing and retention; however, affordability pressure warrants disciplined rent-setting and renewals.
- Competitive neighborhood occupancy supports leasing stability
- High-cost ownership market sustains rental demand and pricing power
- 1986 vintage offers relative competitiveness with value-add modernization potential
- 3-mile household growth outlook points to a deeper renter pool
- Risk: affordability pressure and thinner convenience retail require careful lease and amenity strategy