| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6712 Woodman Ave, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1976 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6712 Woodman Ave, Van Nuys Multifamily Investment
Neighborhood renter demand is supported by elevated ownership costs and a high share of renter-occupied units, according to WDSuite’s CRE market data. Expect steady leasing fundamentals driven by location depth rather than discretionary traffic.
Van Nuys sits within Los Angeles’ Urban Core and ranks competitively among 1,441 metro neighborhoods, reflecting durable demand drivers for workforce-oriented multifamily. Neighborhood occupancy is solid at the area level, and operating performance trends are supported by above-average net operating income per unit nationally, based on WDSuite’s CRE market data.
Amenities are a clear strength: grocery and cafe density place the neighborhood in the top decile to top few percent of areas nationwide, with robust access to restaurants, pharmacies, parks, and childcare. These daily-life conveniences help sustain renter appeal and limit turnover risk relative to less amenitized submarkets.
Renter concentration is high at the neighborhood level (around seven in ten housing units are renter-occupied), pointing to a deep tenant base and consistent absorption for well-managed properties. Median contract rents sit above national norms while still serving a broad workforce cohort for Los Angeles, reinforcing demand depth for garden and mid-rise assets.
Within a 3-mile radius, demographics indicate a modest population dip alongside growth in household counts and a downshift in average household size. This combination typically expands the renter pool and supports occupancy stability, even as the resident mix gradually skews toward older age cohorts. School ratings are below national averages locally, which can modestly influence family-driven leasing, but access to employment and services remains a primary draw.
Home values in the neighborhood are elevated versus national benchmarks, a high-cost ownership market that tends to keep households in rental housing longer and can support pricing power for well-located assets. Investors should monitor rent-to-income levels to balance growth with retention.
Safety trends compare favorably at the national level, with the neighborhood performing in the upper quartile nationwide. Recent year-over-year declines in both property and violent offense estimates further support an improving backdrop for multifamily operations.
At the metro scale, performance is competitive among Los Angeles neighborhoods, and the recent downtrend in estimated offenses suggests incremental support for tenant retention and leasing velocity. As always, safety can vary by block; investors should underwrite to property-specific measures and management protocols.
Proximity to major corporate offices in media, entertainment, and telecommunications supports a broad commuter tenant base and underpins leasing stability for workforce and mid-market units. Key nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Charter Communications — telecommunications (4.98 miles)
- Radio Disney — media (5.79 miles)
- Disney — entertainment (6.54 miles) — HQ
- Live Nation Entertainment — live entertainment (8.34 miles) — HQ
- Activision Blizzard Studios — gaming studios (8.78 miles)
6712 Woodman Ave is positioned in a Los Angeles Urban Core neighborhood with strong renter orientation and amenity density that supports durable occupancy. Elevated ownership costs locally reinforce rental reliance, and neighborhood operating performance trends have been competitive nationally. According to CRE market data from WDSuite, the area’s occupancy and NOI-per-unit profile align with stable, needs-based renter demand rather than discretionary lease-up dynamics.
Within a 3-mile radius, household counts are growing while average household size trends down, signaling a larger tenant base over time even as population growth is flat to slightly negative. This points to steady demand for well-managed units. Key risks to underwrite include affordability pressures given rent-to-income levels and below-average school ratings that may temper family-driven leasing in certain unit mixes.
- Renter-oriented neighborhood with amenity depth supporting occupancy stability
- High-cost ownership market reinforces reliance on multifamily housing and pricing power
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Nearby media and telecom employers underpin a broad commuter tenant base
- Risk: affordability pressure and lower school ratings may affect retention and unit mix performance