| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6666 Sepulveda Blvd, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1978 |
| Units | 83 |
| Transaction Date | 1997-12-19 |
| Transaction Price | $2,375,000 |
| Buyer | H K REALTY INC |
| Seller | WANG ROGER |
6666 Sepulveda Blvd Van Nuys Multifamily Investment
High renter concentration in the surrounding neighborhood supports depth of tenant demand and leasing durability, according to WDSuite’s CRE market data. Positioned in Los Angeles’ San Fernando Valley, the asset benefits from strong local amenities and a high-cost ownership market that tends to sustain renter reliance on multifamily housing.
The immediate neighborhood rates B- overall and trends above the Los Angeles metro median on amenities, with especially strong access to restaurants and pharmacies. Restaurant density ranks well within the metro and sits in the top quartile nationally, while pharmacy access is among the strongest nationwide. Park and childcare access are thinner, so residents lean on private and nearby urban amenities for recreation and services.
From an investor lens, this is a high renter-occupied area, which points to a broad tenant base and supports occupancy stability in typical cycles. Neighborhood occupancy is mid-range nationally, and average NOI per unit trends in the upper national tier, signaling revenue potential in line with urban-core Los Angeles peers based on CRE market data from WDSuite. Average school ratings in the area trend lower, which may be less central for workforce-oriented demand but is worth noting for tenant mix considerations.
Home values in the neighborhood sit in a high national percentile, creating a high-cost ownership environment that generally reinforces multifamily demand and pricing power. At the same time, rent-to-income ratios are elevated, so operators should anticipate some affordability pressure and manage renewals and concessions accordingly to protect retention.
Within a 3-mile radius, recent trends show a modest contraction in population alongside an increase in household counts, indicating smaller average household sizes and a potential shift toward more renters entering the market. Forward-looking estimates continue this pattern with additional household growth and smaller household sizes, which can expand the tenant pool and support occupancy, according to WDSuite’s commercial real estate analysis.
Safety indicators compare favorably at the national level, with the neighborhood ranking in a higher national percentile for lower crime relative to neighborhoods across the country. Recent WDSuite data also shows that both property and violent offense rates declined materially over the past year. As with all urban-core Los Angeles locations, conditions can vary block to block, so investors should underwrite to submarket trends rather than isolated incidents.
The area draws from a diverse corporate employment base that supports renter demand through steady commuter traffic and professional services. Nearby employers include Charter Communications, Thermo Fisher Scientific, Radio Disney, Farmers Insurance Exchange, and Disney.
- Charter Communications — corporate offices (6.97 miles)
- Thermo Fisher Scientific — corporate offices (7.41 miles)
- Radio Disney — corporate offices (7.61 miles)
- Farmers Insurance Exchange — corporate offices (7.83 miles) — HQ
- Disney — corporate offices (8.43 miles) — HQ
Built in 1978, the property is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while leaving room for targeted modernization to boost rent attainment and operating efficiency. The neighborhood shows strong renter concentration and amenity access, with high-cost homeownership reinforcing reliance on multifamily rentals. According to CRE market data from WDSuite, neighborhood NOI per unit performs in the upper national tier, and household growth within a 3-mile radius points to a larger tenant base even as average household sizes trend smaller.
Key considerations include mid-range neighborhood occupancy and elevated rent-to-income ratios, which suggest prudent renewal strategies and expense control to sustain retention. Limited park and childcare access and lower average school ratings are manageable operating factors but should be reflected in amenity programming and marketing to workforce renters.
- 1978 vintage offers value-add and modernization upside versus older local stock
- High renter concentration and strong urban amenities support demand and leasing
- High-cost ownership market reinforces multifamily reliance and pricing power
- Household growth within 3 miles expands the tenant pool, aiding occupancy stability
- Risks: mid-range occupancy, affordability pressure, and limited parks/childcare access