| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 30th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6616 Woodley Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 25 |
| Transaction Date | 2015-09-10 |
| Transaction Price | $10,500,000 |
| Buyer | CHATEAU W 6600 LP |
| Seller | 6600 WOODLEY PARK LLC |
6616 Woodley Ave Van Nuys Multifamily Investment
Neighborhood occupancy is resilient and renter demand is deep, according to WDSuite’s CRE market data, supporting stable income for a 25-unit asset in Van Nuys. Elevated ownership costs in Los Angeles County further sustain multifamily leasing fundamentals in this pocket.
Located in Van Nuys within the Los Angeles metro, the immediate neighborhood shows solid occupancy and a high renter-occupied share, indicating a broad tenant base and steady leasing velocity. The area’s renter concentration is among the highest nationally, which typically supports renewal rates and reduces downtime for stabilized assets.
Restaurant density is comparatively strong for an Urban Core location, while on-the-doorstep retail like cafes, groceries, parks, and pharmacies is thinner based on neighborhood rankings. For investors, this mix suggests reliable daily-demand amenities within a short drive, but fewer walkable conveniences directly adjacent to the asset.
Home values are elevated relative to national norms, a high-cost ownership backdrop that tends to reinforce reliance on rental housing and can support pricing power when managed carefully. At the same time, rent-to-income levels in the neighborhood point to potential affordability pressure, calling for attentive lease management and renewal strategies.
The property’s 1986 vintage is newer than the neighborhood’s average construction year, which can aid competitive positioning versus older stock; investors should still underwrite for modernization of aging systems and selective common-area refresh to meet current renter expectations.
Within a 3-mile radius, demographics from WDSuite indicate households have grown in recent years and are projected to expand further, even as average household size trends lower. This pattern typically enlarges the renter pool and supports occupancy stability for well-managed multifamily assets.
Safety signals are mixed when viewed locally versus nationally. The neighborhood compares favorably to many areas nationwide (crime measures sit in a stronger national bracket), yet relative to Los Angeles neighborhoods it trends toward the higher-crime cohort. For investors, this implies marketing and on-site management should emphasize access control and visibility, while underwriting should account for security line items.
Recent trend data from WDSuite shows notable year-over-year declines in both property and violent offense estimates, placing these improvements among the strongest nationally. While short-term gains are encouraging, prudent underwriting treats them as directional rather than guaranteed.
Proximity to established employers supports a diverse commuter tenant base and helps leasing durability. Key nearby organizations include Thermo Fisher Scientific, Farmers Insurance, Charter Communications, Radio Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences (6.4 miles)
- Farmers Insurance Exchange — insurance (6.8 miles) — HQ
- Charter Communications — telecommunications (8.0 miles)
- Radio Disney — media (8.5 miles)
- Occidental Petroleum — energy (9.3 miles) — HQ
This 25-unit, 1986-vintage asset in Van Nuys benefits from a deep renter pool, steady neighborhood occupancy, and a high-cost ownership environment that supports sustained multifamily demand. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share ranks among the highest nationally, reinforcing tenant depth and renewal potential, while elevated home values reduce competitive pressure from ownership alternatives.
Forward-looking signals within a 3-mile radius point to continued household growth and smaller average household sizes, which typically expand the renter base and support occupancy stability. Investors should balance these strengths against affordability pressure in rent-to-income metrics, thinner walkable amenities, and safety positioning that is stronger nationally than within the LA metro.
- High renter concentration and resilient occupancy support stable cash flow
- Newer-than-area-average 1986 vintage with modernization potential for added competitiveness
- Elevated home values bolster reliance on rental housing and pricing power
- Household growth within 3 miles enlarges the tenant base and supports leasing
- Risks: rent-to-income affordability pressure, limited walkable amenities, and a safety profile that requires proactive management