| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 30th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6715 Woodley Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1976 |
| Units | 33 |
| Transaction Date | 2004-10-11 |
| Transaction Price | $2,730,000 |
| Buyer | MORHAR ADAM E |
| Seller | SILVESTRE JOE |
6715 Woodley Ave Van Nuys Multifamily Investment
Neighborhood occupancy is competitive for the Los Angeles metro and the share of renter-occupied housing is among the highest locally, supporting durable demand according to WDSuite’s CRE market data.
Van Nuys sits within the Los Angeles-Long Beach-Glendale metro and shows steady renter demand: the neighborhood's occupancy rate ranks 515 out of 1,441, which is competitive among Los Angeles-Long Beach-Glendale neighborhoods and in the top quintile nationally. The share of housing units that are renter-occupied ranks 137 of 1,441 (top quartile among metro neighborhoods), indicating a deep tenant pool that can support leasing stability and renewal velocity.
Local amenity density is mixed. Restaurant options track above national norms (upper percentiles), while on-neighborhood counts for cafes, grocery, parks, and pharmacies are limited. For investors, this typically means residents lean on nearby corridors for daily needs, which can still sustain occupancy if commute and price points are competitive.
Within a 3-mile radius, population has been roughly flat to slightly down over five years, while household counts increased and are projected to rise further alongside smaller average household sizes. This combination generally points to a larger renter base and more households entering the market, which can support occupancy and absorption for well-positioned properties.
Pricing context favors rentals: elevated home values (high national percentile) characterize a high-cost ownership market, which tends to reinforce renter reliance on multifamily housing. At the same time, the rent-to-income ratio in the neighborhood sits in a low national percentile for affordability, suggesting potential retention risk without careful lease management. Net operating income per unit trends are above the national median, signaling performance potential when operations are optimized, based on commercial real estate analysis from WDSuite.
Safety signals point to improving conditions year over year. Estimated property and violent offense rates have seen some of the strongest one-year declines nationally, which investors may view as constructive for renter sentiment and leasing stability. Nationally, current offense-rate positioning is above the median for safety, though outcomes can vary by micro-area.
Within the Los Angeles-Long Beach-Glendale metro, crime levels can differ markedly by neighborhood; investors should confirm block-level patterns during diligence, including recent trendlines and on-site observations, to align underwriting with actual operating risk.
Proximity to major corporate employers supports a broad commuter tenant base and can aid retention for workforce-oriented units. Notable nearby employers include Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — corporate offices (6.4 miles)
- Farmers Insurance Exchange — corporate offices (6.8 miles) — HQ
- Charter Communications — corporate offices (8.0 miles)
- Disney — corporate offices (9.4 miles) — HQ
- Occidental Petroleum — corporate offices (9.5 miles) — HQ
This 33-unit asset in Van Nuys benefits from a neighborhood with competitive occupancy versus the Los Angeles-Long Beach-Glendale metro and strong renter concentration, supporting depth of demand. Elevated ownership costs in the area tend to sustain reliance on rentals, while household growth within a 3-mile radius and smaller projected household sizes point to a larger tenant base even if population growth is modest. According to CRE market data from WDSuite, NOI per unit trends score above national medians, suggesting operational upside for well-managed properties.
Key considerations include affordability pressure signaled by a high rent-to-income ratio and mixed on-neighborhood amenity density. Recent improvements in offense-rate trends are constructive, but underwriting should still account for micro-location variation and tenant-profile sensitivity to price.
- Competitive neighborhood occupancy and deep renter-occupied housing share support leasing stability.
- High-cost ownership market reinforces reliance on rentals, aiding pricing power and renewal potential.
- Within 3 miles, more households and smaller sizes expand the tenant base despite modest population slippage.
- NOI-per-unit positioning above national medians suggests operational upside with disciplined management.
- Risks: affordability pressure (high rent-to-income), uneven amenity density, and safety variation at the micro level.