| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6611 Haskell Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1973 |
| Units | 56 |
| Transaction Date | 2002-07-12 |
| Transaction Price | $1,295,000 |
| Buyer | LEVIN STANLEY |
| Seller | H & R INVESTMENTS LP |
6611 Haskell Ave Van Nuys Multifamily Investment
Neighborhood occupancy has remained near the high-90s, supporting leasing stability for well-operated assets, according to WDSuite s CRE market data; this area s renter-occupied housing share is substantial, which points to a deep tenant base at the neighborhood level.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood shows competitive fundamentals for workforce-oriented multifamily. Neighborhood occupancy is competitive among Los Angeles-Long Beach-Glendale neighborhoods (470 of 1,441), and the renter-occupied share is high at the neighborhood level, indicating depth of demand for apartments rather than ownership turnover.
Daily-needs access is a relative strength: restaurants and cafes are in the top national quartile (restaurants 96th percentile; cafes 87th), and overall amenities are above the metro median (amenity rank 393 of 1,441). Pharmacies and groceries are also above national norms. Park access is limited locally, which may reduce outdoor amenity appeal compared with higher-park submarkets.
Schools score below national averages (approximately 15th percentile), which can temper demand from family renters seeking higher-rated districts; operators may need to emphasize property-level amenities and unit features instead. Median contract rents in the neighborhood have trended upward over the last five years, and home values are elevated (95th percentile nationally), signaling a high-cost ownership market that can sustain multifamily demand and reduce move-outs to ownership.
Within a 3-mile radius, households have grown even as population edged down, implying smaller household sizes and a broader pool of renting households. Projections indicate further increases in household counts and incomes, which supports a larger tenant base and potential pricing power, based on CRE market data from WDSuite. Rent-to-income metrics suggest some affordability pressure, so prudent lease management and renewal strategies remain important.
Safety indicators compare favorably in context: the neighborhood is competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods on crime and sits around the 75th percentile nationally, indicating relatively safer conditions versus many U.S. neighborhoods. Recent data also point to notable year-over-year declines in both violent and property offenses, a constructive trend rather than a guarantee. As always, conditions can vary by block and over time, so investors should pair this directional view with property-level diligence.
Proximity to major employers supports renter demand and commute convenience, notably in life sciences, insurance, telecom, media, and entertainment: Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and Disney all sit within roughly 7 9 miles, underpinning a broad white-collar employment base.
- Thermo Fisher Scientific life sciences (6.9 miles)
- Farmers Insurance Exchange insurance (7.3 miles) HQ
- Charter Communications telecom (7.5 miles)
- Radio Disney media (8.1 miles)
- Disney entertainment (8.9 miles) HQ
This 56-unit asset sits in a renter-heavy Van Nuys neighborhood where occupancy is competitive within the Los Angeles-Long Beach-Glendale metro and amenity access is above the metro median. Elevated home values in the neighborhood indicate a high-cost ownership market, which tends to reinforce reliance on rental housing and supports retention for well-positioned multifamily assets. According to CRE market data from WDSuite, the area s rent levels have risen over the past five years while remaining sensitive to renter incomes a setup that rewards disciplined revenue management.
Within a 3-mile radius, household counts have increased despite a modest population dip, pointing to smaller household sizes and an expanding renter pool. Forward-looking data show additional growth in households and incomes, which can support occupancy stability and measured rent growth. Risks to underwrite include below-average school ratings, limited park access, and affordability pressure that may require careful renewal and concession strategies rather than aggressive pushes.
- Competitive neighborhood occupancy with a deep renter-occupied housing base supporting demand
- High-cost ownership market reinforces multifamily reliance and lease retention
- Amenity-rich location with strong employer access underpinning leasing
- 3-mile household growth and rising incomes support tenant base expansion
- Risks: affordability pressure, lower school ratings, and limited parks require proactive management