| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 61st | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6767 Hayvenhurst Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1988 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6767 Hayvenhurst Ave Van Nuys Multifamily Opportunity
Neighborhood occupancy trends and a sizable renter base point to durable leasing fundamentals in Van Nuys, according to WDSuite’s CRE market data, with elevated ownership costs supporting sustained multifamily demand.
Van Nuys offers established Urban Core housing fundamentals with neighborhood occupancy in the upper half of the Los Angeles metro and solid renter demand. The area’s renter-occupied share is around half of units at the neighborhood level and higher within the broader 3-mile radius, indicating a deep tenant pool that can support leasing stability and absorption for a 34-unit property.
Local convenience is anchored by everyday services rather than destination amenities. Grocer and pharmacy access rank competitively across the metro (pharmacies near the top quartile nationally), while parks and cafes are thinner. For investors, this skews the demand profile toward practical, workforce-oriented households, which often translates to steady renewal potential if pricing remains aligned with incomes.
Within a 3-mile radius, WDSuite data shows households have grown even as total population edged down, signaling smaller household sizes and an expanding addressable renter base. Median household incomes have risen meaningfully over the past five years, and rents have followed, suggesting room for disciplined rent management. Elevated home values in the neighborhood context reinforce reliance on multifamily, though rent-to-income ratios imply careful attention to affordability to sustain retention.
Relative to metro peers (1,441 neighborhoods), housing and income metrics are competitive, and NOI per unit benchmarks sit above national medians. Forward-looking neighborhood positioning appears supported by proximity to diversified employment nodes across the San Fernando Valley and Westside, which broadens the commuter renter pool.
Safety indicators present a mixed but improving picture. National comparisons point to relatively favorable positioning, while some metro-level rankings signal areas where owners may want to underwrite lighting, access control, and monitoring. Notably, WDSuite data indicates sharp year-over-year declines in both violent and property offense estimates, which is a constructive trend for tenant retention and leasing.
Compared with the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), recent improvement trends are a positive signal, but investors should review submarket comps and property-level history to calibrate operating plans appropriately.
The location serves a broad commuter base anchored by life sciences, insurance, telecom, media, and energy employers, supporting renter demand and lease stability for workforce and professional households.
- Thermo Fisher Scientific — life sciences (5.9 miles)
- Farmers Insurance Exchange — insurance (6.3 miles) — HQ
- Charter Communications — telecom/cable services (8.49 miles)
- Radio Disney — media (9.09 miles)
- Occidental Petroleum — energy (9.65 miles) — HQ
This 34-unit asset in Van Nuys is positioned for durable performance backed by neighborhood occupancy that sits above national norms, a renter-leaning housing base within the 3-mile trade area, and elevated for-sale home values that reinforce reliance on multifamily. Based on CRE market data from WDSuite, income and rent growth have moved higher in recent years, while NOI per-unit benchmarks are competitive versus national peers — supporting a case for steady cash flow if pricing is managed against rent-to-income realities.
Households are increasing as average household size trends lower, expanding the tenant base even as total population drifts modestly. Proximity to diversified employment nodes across the Valley and Westside underpins leasing, but amenity gaps (parks and cafes) and mixed safety signals warrant pragmatic operating plans and capital prioritization focused on livability and retention.
- Occupancy and renter concentration support leasing stability versus many metro peers
- Rising household incomes and competitive NOI per-unit benchmarks bolster revenue durability
- Elevated ownership costs in the area sustain multifamily demand and renewal potential
- Diverse employment access across the Valley/Westside expands the renter pool
- Risks: affordability pressure (rent-to-income), thinner lifestyle amenities, and localized safety considerations