| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6615 N Woodman Ave, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6615 N Woodman Ave Van Nuys Multifamily Investment
Neighborhood occupancy is in the mid-90s and renter concentration is elevated, according to WDSuite’s CRE market data, pointing to stable demand drivers for this 30‑unit asset in Van Nuys.
Positioned in Los Angeles’ Van Nuys area, the neighborhood earns an A- and ranks in the top quartile among 1,441 metro neighborhoods, signaling competitive fundamentals versus the broader Los Angeles-Long Beach-Glendale market. Grocery, cafe, childcare, and restaurant density land in high national percentiles, providing daily conveniences that support leasing and renewals.
For demand durability, neighborhood occupancy trends in the mid‑90s and the renter‑occupied share ranks near the top nationally—both supportive of a deep tenant base and leasing velocity. Neighborhood NOI per unit is also in a high national percentile, underscoring relative revenue capacity against many U.S. peers (based on CRE market data from WDSuite at the neighborhood level, not the property).
Within a 3‑mile radius, households have increased while overall population edged slightly lower, indicating smaller household sizes and a broader renter pool. Rents have risen over the past five years and are projected to continue, while a high‑cost ownership landscape (elevated home values and value‑to‑income ratios) tends to sustain reliance on multifamily housing—factors that can support occupancy stability and measured pricing power.
Built in 1986, the property is newer than the neighborhood’s average 1976 vintage, suggesting relative competitiveness versus older stock; investors should still plan for targeted modernization and system upgrades to maintain positioning against newer deliveries.
School ratings trail national norms, a consideration for family‑oriented marketing. However, the area’s amenity access and proximity to employment nodes help mitigate turnover risk for workforce renters and commuters.
Neighborhood safety compares favorably: crime sits in the safer top quartile among 1,441 Los Angeles‑area neighborhoods and above the national median. Recent data also indicate notable year‑over‑year declines in both property and violent offenses, adding constructive context for leasing and retention without making block‑level claims.
Investors should still evaluate property‑specific security measures and management practices; area‑level trends are useful directional indicators but not substitutes for on‑site due diligence.
Nearby media, entertainment, gaming, and energy employers support commuter demand and help underpin renter retention, including the following anchors within roughly 5–9 miles.
- Charter Communications — cable & telecom (5.0 miles)
- Radio Disney — media (5.8 miles)
- Disney — entertainment (6.5 miles) — HQ
- Activision Blizzard Studios — gaming (8.7 miles)
- Occidental Petroleum — energy (9.1 miles) — HQ
This 30‑unit asset benefits from a renter‑oriented neighborhood where occupancy trends in the mid‑90s and household formation within a 3‑mile radius expands the tenant base even as overall population modestly contracts—conditions that can support steady absorption and lease retention. Elevated ownership costs in the area further reinforce reliance on rental housing, while amenity depth enhances day‑to‑day livability. According to CRE market data from WDSuite, the neighborhood’s income performance and occupancy profile compare well against national peers, aligning with a stable operating outlook.
Built in 1986, the property is newer than the neighborhood average, offering a relative edge against older stock and potential value‑add through targeted interior and building‑system updates. Investors should balance pricing power opportunities with affordability pressure (higher rent‑to‑income ratios) and below‑average school ratings when planning leasing strategy and renewal management.
- Renter‑heavy neighborhood and mid‑90s occupancy support demand stability and leasing velocity
- High ownership costs sustain rental reliance, aiding retention and measured pricing power
- 1986 vintage offers competitive positioning vs. older stock with clear value‑add pathways
- Amenity‑rich urban setting near major employers supports commuter appeal and lease‑up
- Risks: rent‑to‑income pressure and below‑average school ratings require careful lease management