| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 30th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6710 Woodley Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1980 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6710 Woodley Ave Van Nuys Multifamily Investment
This 26-unit property benefits from Van Nuys' strong rental demand dynamics, with neighborhood occupancy at 96.5% and 74% of housing units renter-occupied according to CRE market data from WDSuite.
Van Nuys presents a compelling multifamily market characterized by strong rental fundamentals and demographic stability. The neighborhood ranks in the 80th national percentile for occupancy at 96.5%, well above typical metro performance, while maintaining a substantial renter base with 74% of housing units tenant-occupied. This rental concentration supports consistent demand for multifamily properties in the area.
Built in 1980, this property aligns with the neighborhood's average construction vintage of 1977, suggesting opportunities for value-add improvements and modernization to capture rent premiums. Median contract rents in the neighborhood reach $1,714, ranking in the 85th national percentile, while demographic data within a 3-mile radius shows a stable population of over 212,000 residents with median household income of $80,550.
The area demonstrates solid affordability dynamics for multifamily housing, with elevated home values at $715,595 median supporting rental demand as ownership costs remain high relative to incomes. Restaurant density of 8 establishments per square mile provides tenant amenities, though grocery and childcare options are limited, which may influence tenant retention strategies.
Forward-looking demographic projections indicate household growth of 33% over the next five years within the 3-mile radius, with median household income forecast to increase 50% to $120,959. This expansion in the renter pool, combined with projected rent growth to $2,348 median, supports long-term multifamily demand fundamentals in the Van Nuys submarket.
Safety metrics for this Van Nuys neighborhood show mixed performance relative to regional comparisons. The area ranks 114th among 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 85th national percentile for safety - indicating stronger performance than most neighborhoods nationwide.
Property crime trends show significant recent improvement, with estimated rates declining 89% year-over-year, ranking in the 99th national percentile for crime reduction. Violent crime rates also decreased substantially at 94% year-over-year decline. While absolute crime levels require ongoing monitoring, the improving trajectory suggests enhanced neighborhood stability that can support tenant retention and property values.
The property benefits from proximity to major corporate employers across entertainment, technology, and insurance sectors, providing diverse workforce housing opportunities within reasonable commuting distance.
- Thermo Fisher Scientific — life sciences and laboratory services (6.4 miles)
- Farmers Insurance Exchange — insurance services (6.8 miles) — HQ
- Charter Communications — telecommunications and media (8.0 miles)
- Disney — entertainment and media (9.4 miles) — HQ
- Occidental Petroleum — energy and petroleum (9.5 miles) — HQ
This 26-unit Van Nuys property presents a value-add opportunity anchored by strong rental market fundamentals and demographic growth. Built in 1980, the asset offers renovation upside potential to capture higher rents in a neighborhood where median contract rents rank in the 85th national percentile at $1,714. The 96.5% neighborhood occupancy rate, ranking in the 80th national percentile, demonstrates consistent tenant demand supported by 74% renter-occupied housing units.
Demographic projections within a 3-mile radius show household growth of 33% over five years, expanding the potential tenant base while median household income is forecast to increase 50% to $120,959. High home values at $715,595 median reinforce rental demand as ownership costs remain elevated relative to incomes. The property benefits from proximity to major employers including Disney, Farmers Insurance, and Thermo Fisher Scientific within 10 miles, supporting workforce housing demand.
- Strong occupancy fundamentals with 96.5% neighborhood rate ranking 80th percentile nationally
- Value-add potential from 1980 construction vintage in premium rent neighborhood
- Expanding tenant base with 33% household growth projected over five years
- Limited nearby amenities may impact tenant retention and require strategic management