| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 30th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6700 Woodley Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 35 |
| Transaction Date | 2018-04-30 |
| Transaction Price | $8,900,000 |
| Buyer | SILVAN LLC |
| Seller | M G ENTERPRISES LLC |
6700 Woodley Ave Van Nuys Multifamily Investment
Neighborhood occupancy is strong at roughly 96.5%, and a high renter concentration (share of renter-occupied units near 74%) supports a deep tenant base, according to WDSuite’s CRE market data. This positioning points to steady leasing in a submarket where elevated ownership costs tend to sustain multifamily demand.
Positioned in Van Nuys within the Los Angeles metro, the property benefits from neighborhood fundamentals that favor renter demand. Neighborhood occupancy is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 515 of 1,441; top quintile nationally), which supports income stability for multifamily assets at this address. The neighborhood’s renter concentration (renter-occupied share) is very high relative to the nation, indicating a broad tenant pool for a 35-unit community.
Amenities are mixed: restaurants score well versus national peers (upper-tier national percentile), while counts of grocery, cafe, park, and pharmacy locations within the neighborhood boundary are limited. Investors should consider this amenity profile in marketing and retention plans, emphasizing access to broader San Fernando Valley retail and services rather than immediate block-level offerings. School ratings are not available in the current dataset, so education quality cannot be benchmarked here.
Home values in the neighborhood sit in a high-cost ownership market (nationally high percentile), and the value-to-income ratio is among the highest nationwide. For operators, this typically reinforces reliance on multifamily housing and can support pricing power, though elevated rent-to-income ratios suggest ongoing affordability pressure that warrants careful lease management and renewal strategies.
Construction vintage averages 1977 across the neighborhood, while this property was built in 1986. Being newer than the local average can help competitive positioning versus older stock; however, investors should still plan for targeted modernization and systems updates to keep pace with renter expectations and to unlock value-add potential. Demographic statistics aggregated within a 3-mile radius show households have grown in recent years despite a flat-to-slightly declining population, pointing to smaller household sizes and a stable-to-expanding renter base that can support occupancy.
Safety indicators present a nuanced picture. The neighborhood s overall crime rank is 114 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, indicating higher crime exposure locally relative to much of the metro. At the same time, select offense categories compare favorably at the national level, and recent year-over-year estimates show substantial declines in both violent and property offenses, suggesting improving trends. Investors should underwrite with prudent security and operating assumptions while recognizing directional improvement.
Nearby employment includes life sciences, insurance, telecommunications, and entertainment anchors, supporting renter demand through diverse job bases and reasonable commute times to major corporate offices.
- 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
6700 Woodley Ave offers a 35-unit, 1986-vintage asset in a neighborhood with competitive occupancy and a deep renter base. The asset s vintage is newer than the local average 1970s stock, which can aid leasing versus older comparables while leaving room for targeted modernization to drive premiums. Based on CRE market data from WDSuite, occupancy levels in the neighborhood remain above many national peers, and high ownership costs in the area tend to reinforce renter reliance on multifamily housing.
Demographics aggregated within a 3-mile radius indicate households have increased even as population has edged down, which typically reflects smaller household sizes and a steady or expanding pool of renters. Average unit size of about 948 square feet provides functional layouts for retention, while high rent-to-income ratios signal the need for disciplined pricing and renewal strategies. Overall, the thesis centers on occupancy stability, diverse employment access, and value-add potential through selective upgrades.
- Competitive neighborhood occupancy supports income stability and leasing momentum.
- 1986 vintage is newer than local averages, offering relative appeal with scope for targeted renovations.
- High-cost ownership environment sustains renter demand and pricing power potential.
- Diverse nearby employers in life sciences, insurance, telecom, and entertainment underpin tenant demand.
- Risks: elevated rent-to-income ratios, limited immediate neighborhood amenities, and above-metro crime exposure warrant prudent underwriting.