| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 30th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6648 N Woodley Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1987 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6648 N Woodley Ave Van Nuys Multifamily Investment
Neighborhood occupancy remains elevated and renter demand is deep, according to WDSuite’s CRE market data, supporting stable performance for a 35-unit asset in Van Nuys. The property’s positioning benefits from a high renter-occupied housing share in the surrounding area.
The Van Nuys neighborhood shows solid renter fundamentals: the area’s occupancy is competitive among Los Angeles-Long Beach-Glendale neighborhoods and the share of renter-occupied housing units is high, indicating a broad tenant base and potential support for lease stability. Median contract rents trend on the higher side for the neighborhood, reinforcing the need for hands-on lease management but also signaling pricing power where unit quality and operations are strong.
Constructed in 1987, the property is newer than the neighborhood’s average 1970s-era stock. That positioning can offer a competitive edge versus older buildings; however, investors should still plan for system modernization and common-area refreshes to sustain rentability and reduce downtime.
Amenity density within the immediate neighborhood is modest, with fewer cafes, groceries, and parks measured inside the neighborhood boundary. Restaurant presence is comparatively stronger. For residents, this mix suggests reliance on nearby commercial corridors rather than purely walk-to conveniences, which places greater emphasis on on-site features, parking, and unit finishes to drive leasing.
Within a 3-mile radius, household counts have risen while average household size has edged lower, and projections point to further increases in households even as population growth remains flat to slightly negative. This pattern typically expands the renter pool and supports occupancy stability, particularly for well-managed mid-size assets. Elevated home values in the neighborhood and a high-cost ownership landscape also tend to sustain demand for multifamily rentals, which can aid retention and support achievable rents.
Safety indicators compare favorably both in the metro and nationally. The neighborhood ranks in the top decile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, and national percentiles indicate stronger safety outcomes than many areas across the country. Recent year-over-year improvements in both property and violent offense rates, as reflected in WDSuite’s CRE market data, suggest a positive trend line, though conditions can vary by block and should be validated during due diligence.
Proximity to established corporate employers supports a broad commuter tenant base and underpins demand for workforce-oriented rentals. Nearby anchors include Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and Disney.
- 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 (8.6 miles)
- Disney — entertainment (9.4 miles) — HQ
6648 N Woodley Ave is positioned in a renter-heavy Van Nuys neighborhood where occupancy performance is competitive within the Los Angeles-Long Beach-Glendale metro. Elevated ownership costs in the area reinforce reliance on multifamily housing, supporting depth of demand and potential pricing power for well-operated assets. Based on CRE market data from WDSuite, local rents and occupancy trends align with a durable tenant base, aided by proximity to diversified employment centers.
Built in 1987, the asset is newer than much of the surrounding 1970s-era stock, offering relative competitiveness while still warranting targeted capital planning for systems and finish updates. Within a 3-mile radius, household growth alongside smaller household sizes points to a larger renter pool, which can support lease-up, retention, and occupancy stability. Limited walkable amenities inside the neighborhood boundary place more weight on property-level experience and access to job nodes.
- Renter-heavy neighborhood and competitive occupancy support demand durability
- 1987 vintage is newer than nearby stock, with value-add potential via modernization
- High-cost ownership market reinforces reliance on rentals and aids retention
- Access to diversified employers supports leasing and reduces turnover risk
- Risk: modest neighborhood amenity density heightens importance of on-site experience