| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 30th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6727 Woodley Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1975 |
| Units | 33 |
| Transaction Date | 1994-11-08 |
| Transaction Price | $600,000 |
| Buyer | 168 SATICOY ST LTD PARTNERSHIP |
| Seller | GLENDALE FEDERAL BANK FSB |
6727 Woodley Ave Van Nuys Multifamily Opportunity
Neighborhood multifamily occupancy trends are solid and renter demand is deep, according to WDSuite’s CRE market data, supporting durable leasing for a 33-unit asset in Van Nuys.
The property sits within an Urban Core neighborhood of Los Angeles where occupancy performance ranks in the top quintile nationally, indicating stable in-place demand and generally steady renewals compared with many U.S. submarkets. Renter concentration is among the highest nationally (renter-occupied share), signaling a broad tenant base for smaller-format units.
Amenity density skews toward dining, with restaurants more prevalent than in most neighborhoods nationwide, while everyday retail like groceries, pharmacies, parks, and cafes is comparatively sparse within the neighborhood footprint. For investors, this mix typically favors workforce renters prioritizing commute convenience and value over immediate walk-to retail.
Within a 3-mile radius, households have grown over the past five years and are projected to expand further even as population modestly contracts, implying smaller household sizes and a larger renter pool entering the market. Median rents in the neighborhood have trended higher and are forecast to continue rising, which supports revenue growth potential but warrants attention to affordability and lease management.
Home values in the area sit near the upper end nationally, a high-cost ownership market that tends to reinforce reliance on multifamily housing and bolster retention. At the same time, rent-to-income ratios indicate affordability pressure for some renter cohorts; proactive renewal strategies and measured rent steps can help sustain occupancy stability.
Recent neighborhood safety indicators compare favorably to many U.S. neighborhoods, with both violent and property offense rates positioned in the stronger national percentiles and showing notable year-over-year improvement. As with any urban Los Angeles location, conditions can vary by block and through time, so prudent investors typically monitor trends and emphasize property-level measures and resident communication.
The area draws from a diverse employment base spanning life sciences, insurance, telecom, and entertainment, supporting renter demand through commuteable access to roles at Thermo Fisher Scientific, Farmers Insurance, Charter Communications, Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences (6.4 miles)
- Farmers Insurance Exchange — insurance (6.8 miles) — HQ
- Charter Communications — telecom (8.0 miles)
- Disney — entertainment (9.4 miles) — HQ
- Occidental Petroleum — energy (9.5 miles) — HQ
6727 Woodley Ave offers investors exposure to a renter-heavy pocket of Van Nuys where occupancy has been resilient and neighborhood NOI per unit trends are competitive on a national basis. Elevated home values across the area help sustain reliance on rental housing, while upward rent trends can support revenue growth if paired with disciplined renewal management.
Based on commercial real estate analysis from WDSuite, the immediate neighborhood ranks well for occupancy nationally and shows improving safety indicators, while 3-mile household growth and shrinking household sizes point to a broadening tenant base over the medium term. Key watch items include affordability pressure and limited everyday retail within the neighborhood footprint, both of which call for targeted amenities and resident retention strategies.
- Renter-heavy neighborhood supports depth of demand and occupancy stability
- Strong national standing for occupancy with upward rent trajectory
- High-cost ownership market reinforces reliance on multifamily housing and retention
- Household growth within 3 miles and smaller household sizes expand the tenant pool
- Risks: affordability pressure and sparse walk-to retail require careful lease and amenity strategy