| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 56th | Good |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6805 Louise Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1976 |
| Units | 71 |
| Transaction Date | 2020-12-30 |
| Transaction Price | $10,130,000 |
| Buyer | 6805 LOUISE LLC |
| Seller | JJJ ENTERPRISES LTD-II |
6805 Louise Ave Van Nuys Multifamily Investment
This 71-unit property in a neighborhood with 96.9% occupancy offers stable rental demand in a market where commercial real estate analysis shows strong tenant retention fundamentals.
Built in 1976, this 71-unit property sits in a suburban Van Nuys neighborhood that demonstrates solid fundamentals for multifamily investors. The neighborhood ranks in the top quartile nationally for occupancy at 96.9%, significantly above typical metro performance and indicating strong tenant retention dynamics.
Demographics within a 3-mile radius show a mature renter base with 54.8% of housing units occupied by renters, supporting consistent demand. The area's median household income of $83,453 has grown 30% over five years, while contract rents increased 34.5% to $1,847, suggesting pricing power remains intact despite income growth.
The property's 1976 construction year aligns with the neighborhood average of 1972, presenting potential value-add opportunities through strategic capital improvements and unit upgrades. With home values at $800,521 and strong appreciation trends, elevated ownership costs help sustain rental demand and support occupancy stability.
Amenity access supports tenant appeal with above-average grocery store density and strong park availability ranking in the 92nd percentile nationally. The neighborhood maintains a B+ overall rating, reflecting balanced fundamentals across housing, demographics, and local infrastructure that appeal to long-term renters.
The neighborhood demonstrates improving safety trends with property crime rates declining 83.1% over the past year, ranking in the 98th percentile nationally for crime reduction. Violent crime also decreased 89.3% year-over-year, placing the area in the 99th percentile for improvement among neighborhoods nationwide.
Current crime metrics show the neighborhood performing competitively among Los Angeles-Long Beach-Glendale metro neighborhoods, with property offense rates ranking 677th out of 1,441 local neighborhoods and violent crime rates at 729th, both indicating moderate performance within the regional context.
The surrounding area benefits from proximity to major corporate employers that support workforce housing demand, including Fortune 500 companies and established regional headquarters within commuting distance.
- Thermo Fisher Scientific — life sciences and laboratory services (4.9 miles)
- Farmers Insurance Exchange — insurance services (5.3 miles) — HQ
- Charter Communications — telecommunications and media (9.5 miles)
- Occidental Petroleum — energy and petrochemicals (10.1 miles) — HQ
- Live Nation Entertainment — entertainment and events (10.5 miles) — HQ
This Van Nuys property presents a compelling value-add opportunity in a neighborhood with demonstrated occupancy strength and improving fundamentals. According to CRE market data from WDSuite, the area's 96.9% occupancy rate significantly outperforms typical multifamily markets, while declining crime trends and steady income growth support long-term tenant demand.
The 1976 vintage offers renovation upside potential, while the surrounding demographics show household growth and income expansion that reinforce rental demand. With elevated ownership costs keeping residents in the rental market and strong employer proximity supporting workforce housing needs, the property benefits from multiple demand drivers in a stabilizing neighborhood environment.
- Exceptional 96.9% neighborhood occupancy indicates strong tenant retention and market fundamentals
- 1976 construction presents value-add renovation opportunities to capture rent premiums
- Declining crime trends with 83% reduction in property offenses improve neighborhood appeal
- Proximity to major employers including Fortune 500 headquarters supports workforce housing demand
- Risk consideration: School ratings below metro average may limit appeal to family renters