| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 30th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6640 Woodley Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1978 |
| Units | 34 |
| Transaction Date | 2019-06-05 |
| Transaction Price | $7,000,000 |
| Buyer | WOODLEY CROSSING LLC |
| Seller | TABARI KEYVAN |
6640 Woodley Ave Van Nuys Multifamily Investment
Neighborhood occupancy trends remain in the top quartile nationally, supporting leasing stability for a 34‑unit asset near core San Fernando Valley job nodes, according to WDSuite’s CRE market data. Elevated ownership costs in Los Angeles County further reinforce renter reliance on multifamily housing in this Van Nuys location.
Van Nuys sits within the Los Angeles-Long Beach-Glendale metro and this neighborhood rates C- overall, but it shows durable rental performance. The neighborhood’s occupancy is in the top quartile nationally and competitive among Los Angeles neighborhoods (515th of 1,441), indicating steady tenant retention and minimal downtime between turns, based on CRE market data from WDSuite.
Renter concentration is high at the neighborhood level (73.9% of housing units are renter-occupied; top percentile nationally), pointing to a deep tenant base for multifamily operators. Median asking rents in the neighborhood benchmark above most areas nationwide (around the mid‑80th percentile), which supports revenue potential but calls for attentive leasing and renewals to manage affordability pressure.
Local amenity density is mixed. Restaurant presence scores well versus the nation (upper‑percentile), while immediate counts of cafes, groceries, parks, and pharmacies are limited, signaling fewer daily‑needs options within close reach. For investors, this typically translates to stronger value for well-managed on‑site conveniences and parking, and it can favor properties that provide practical amenities that reduce resident friction.
Within a 3‑mile radius, households have grown even as population edged slightly lower, implying smaller household sizes and ongoing formation of renting households. Household incomes have trended upward, and forecasts indicate continued income gains by 2028 alongside higher nominal asking rents, expanding the addressable renter pool while requiring disciplined pricing and renewal strategies to sustain occupancy stability.
Relative to Los Angeles metro peers, the neighborhood’s crime profile ranks favorably (114th out of 1,441), translating to above‑average safety for the region. Nationally, it places in a higher percentile for safety, which can aid leasing and retention without relying on concessions.
Recent trend signals are constructive: both property and violent offense estimates show substantial year‑over‑year declines at the neighborhood level, with improvement readings near the top of national cohorts. While block‑level conditions vary, the directional trend supports an improving operating backdrop for multifamily assets.
Proximity to diversified employers supports renter demand and commute convenience for workforce households, including life sciences, insurance, telecom, media, and entertainment hubs listed below.
- Thermo Fisher Scientific — life sciences (6.4 miles)
- Farmers Insurance Exchange — insurance (6.9 miles) — HQ
- Charter Communications — telecommunications (8.0 miles)
- Radio Disney — media (8.5 miles)
- Disney — entertainment (9.4 miles) — HQ
This 34‑unit Van Nuys asset benefits from a renter‑heavy neighborhood, a nationally strong occupancy profile, and proximity to major employment centers across the San Fernando Valley and Westside. Home values in the area are elevated versus national norms, which tends to sustain multifamily demand and supports pricing power when paired with consistent operations. According to CRE market data from WDSuite, the neighborhood’s occupancy trends rank in the top quartile nationally, aligning with stable collections and lower turnover risk for well‑managed properties.
Household growth within a 3‑mile radius, alongside rising incomes and forecast rent gains, points to a larger tenant base and continued leasing depth. Amenity scarcity in the immediate neighborhood increases the value of on‑site features and efficient management, while affordability pressure warrants disciplined renewal strategy and expense control to preserve retention.
- Renter‑heavy neighborhood and top‑quartile occupancy support steady demand and leasing stability.
- Elevated ownership costs in Los Angeles reinforce reliance on multifamily housing and pricing resiliency.
- Within 3 miles, rising incomes and more households expand the tenant base and support renewals.
- Nearby employers across life sciences, insurance, telecom, and entertainment underpin workforce demand.
- Risk: Higher rent‑to‑income and limited immediate amenities require careful pricing, renewals, and on‑site service to maintain retention.