| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6645 Woodman Ave, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1984 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6645 Woodman Ave Van Nuys Multifamily Investment
This 46-unit property benefits from strong neighborhood occupancy at 94.6% and exceptional amenity access in a rental-dominant market. Commercial real estate analysis indicates top-quartile NOI performance among Los Angeles metro neighborhoods.
Built in 1984, this Van Nuys property sits in an Urban Core neighborhood with an A- rating that ranks in the top 20% among 1,441 Los Angeles metro neighborhoods. The area demonstrates strong rental fundamentals with 71.9% of housing units occupied by renters, ranking in the 98th percentile nationally and supporting consistent tenant demand.
Neighborhood occupancy remains stable at 94.6%, while median contract rents of $1,519 provide affordability relative to the broader metro. The area shows exceptional amenity density with grocery stores ranking in the 99th percentile nationally and strong access to cafes, childcare, and restaurants that enhance tenant retention appeal.
Demographics within a 3-mile radius show a population of approximately 282,800 with 65.7% of households renting. Household income growth of 32.5% over five years and projected median income increases to $105,989 by 2028 suggest improving tenant quality and rent growth potential, while maintaining rental demand depth in this high-ownership-cost market.
The neighborhood's NOI per unit averages $14,682, ranking in the 94th percentile nationally and indicating strong operational performance relative to comparable markets. Housing costs remain elevated with median home values at $829,016, reinforcing rental demand as ownership remains out of reach for many households.
The neighborhood demonstrates improving safety trends with property crime rates declining 82.7% year-over-year, ranking in the 98th percentile nationally for crime reduction. Current property offense rates of 250.9 per 100,000 residents place the area near the metro median among 1,441 Los Angeles neighborhoods.
Violent crime shows even stronger improvement with rates dropping 93.4% year-over-year, ranking in the 99th percentile for violence reduction nationwide. These substantial decreases in both property and violent crime suggest positive momentum that can support tenant retention and property values over time.
The Van Nuys location provides access to major entertainment and corporate employers within commuting distance, supporting workforce housing demand from diverse professional sectors.
- Charter Communications — telecommunications (5.0 miles)
- Radio Disney — media & entertainment (5.8 miles)
- Disney — entertainment & media (6.6 miles) — HQ
- Live Nation Entertainment — entertainment services (8.0 miles) — HQ
- Activision Blizzard Studios — gaming & technology (8.7 miles)
This 46-unit Van Nuys property offers stable cash flow potential in a neighborhood that ranks in the 94th percentile nationally for NOI per unit performance. Built in 1984, the vintage presents value-add opportunities for capital improvements while benefiting from an established rental market where 71.9% of housing units are renter-occupied. According to CRE market data from WDSuite, the area maintains 94.6% occupancy with declining crime trends that support long-term tenant retention.
Demographic projections show household income growth to $105,989 by 2028, supporting rent growth potential while elevated home values at $829,016 maintain rental demand pressure. The neighborhood's exceptional amenity access and Urban Core designation provide competitive advantages for lease-up and renewal rates in this established Los Angeles submarket.
- Strong operational fundamentals with NOI performance in top 6% nationally
- Stable 94.6% neighborhood occupancy in rental-dominant market
- Value-add potential from 1984 construction with established tenant base
- Improving safety trends with 82.7% decline in property crime
- Risk: High rent-to-income ratios may limit rent growth and increase turnover pressure