| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 30th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6736 Woodley Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | 2019-01-08 |
| Transaction Price | $5,300,000 |
| Buyer | David Berneman |
| Seller | Thomas Anderson |
6736 Woodley Ave Van Nuys Multifamily Investment
Neighborhood data points to durable renter demand and above-average occupancy stability, according to WDSuite’s CRE market data. Investor focus: this is a renter-heavy pocket of Van Nuys where tight vacancy has persisted at the neighborhood level.
The property sits in an Urban Core pocket of Van Nuys within the Los Angeles metro, where neighborhood occupancy has been strong relative to national norms (top quartile nationally) and renter-occupied housing is elevated, signaling a deep tenant base. Elevated home values in the area reinforce reliance on multifamily housing and help support pricing power for well-managed assets.
Amenity access within the immediate neighborhood skews mixed: restaurant density scores well compared with national averages, while cafés, grocery, parks, and pharmacies are thinner inside the neighborhood boundary. For investors, this usually translates to stable everyday demand driven more by housing needs and proximity to job centers than by destination retail.
Within a 3-mile radius, demographics indicate a modest contraction in population alongside an increase in total households and smaller average household sizes. That combination can expand the renter pool and support occupancy stability as more, smaller households seek apartments rather than larger ownership options. Median household incomes have trended upward in recent years, which can underpin collections and support measured rent growth management.
Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood rates “C-” overall but shows competitive housing fundamentals and NOI per unit near the upper third nationally, based on CRE market data from WDSuite. Taken together, the submarket profile suggests dependable, needs-based demand with room for operational execution to drive outcomes.
Safety indicators benchmark favorably in context: the neighborhood ranks within the top quartile among 1,441 Los Angeles metro neighborhoods and sits above the national median for safety. Recent WDSuite trend data also shows notable year-over-year declines in both property and violent offense rates at the neighborhood level, which supports perceptions of improving conditions. As always, crime can vary block to block; investors should pair these trends with on-the-ground diligence.
Nearby corporate employers help anchor daily commute demand and support retention, including Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and Disney. Proximity to these nodes typically benefits workforce-oriented multifamily by broadening the renter catchment.
- 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 — media & entertainment (9.4 miles) — HQ
6736 Woodley Ave totals 24 units with efficient average floor plans, positioned in a renter-heavy Van Nuys neighborhood where occupancy trends sit in the top quartile nationally. Elevated area home values and a strong neighborhood renter concentration point to a durable tenant base, while upward income trends within a 3-mile radius support collections and measured rent strategies.
According to CRE market data from WDSuite, neighborhood-level fundamentals include high occupancy, NOI per unit that compares well nationally, and a needs-based demand profile supported by proximity to diversified employers. Key watch items are affordability pressure (higher rent-to-income ratios) and thinner in-neighborhood amenities, which place more emphasis on operational execution and tenant experience.
- Renter-heavy neighborhood with top-quartile occupancy supports stability
- Elevated ownership costs locally reinforce sustained multifamily demand
- Upward income trends within 3 miles underpin collections and retention
- Proximity to diversified employment nodes broadens the tenant base
- Risks: affordability pressure (higher rent-to-income) and thinner nearby amenities