| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6929 Kester Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6929 Kester Ave Van Nuys Multifamily Investment
This 32-unit property targets a robust rental market with 71.7% of neighborhood housing units occupied by renters, ranking in the 97th percentile nationally for rental demand depth.
This Van Nuys neighborhood ranks in the 82nd percentile nationally for crime safety and demonstrates strong rental fundamentals with 71.7% of housing units occupied by renters. The area maintains a $1,511 median contract rent with 28.2% growth over five years, indicating sustained pricing power in this urban core location.
Demographics within a 3-mile radius show a population of 279,100 with 69.6% of housing units renter-occupied, supporting multifamily demand depth. Household income averages $69,944 with projected growth to $98,918 by 2028, suggesting improving tenant quality. The neighborhood's construction vintage averages 1974, with this 1986 property positioned competitively within the local building stock.
Amenity access includes strong restaurant density at 20.5 per square mile (96th percentile nationally) and pharmacy coverage at 5.5 per square mile (99th percentile nationally). However, the area shows limited childcare and park amenities, which may affect family tenant retention. School ratings average 1.0 out of 5, ranking in the 15th percentile nationally.
The neighborhood demonstrates favorable safety metrics, ranking 184th among 1,441 metro neighborhoods for overall crime performance, placing it in the 82nd percentile nationally. Property offense rates declined 84.5% year-over-year, while violent crime decreased 96.3%, both ranking in the top percentiles nationally for improvement trends.
Current property offense rates of 146.4 per 100,000 residents and violent crime rates of 10.5 per 100,000 residents compare favorably to typical urban core locations. These improving safety trends support tenant retention and property positioning within the broader Los Angeles market.
The property benefits from proximity to major corporate employers within the San Fernando Valley and greater Los Angeles region, providing workforce housing opportunities for diverse professional tenants.
- Charter Communications — telecommunications (6.5 miles)
- Radio Disney — media & entertainment (7.3 miles)
- Thermo Fisher Scientific — life sciences (7.9 miles)
- Disney — entertainment & media (8.1 miles) — HQ
- Farmers Insurance Exchange — insurance (8.3 miles) — HQ
This 32-unit Van Nuys property offers exposure to a neighborhood with strong rental fundamentals, ranking in the 97th percentile nationally for renter-occupied housing units at 71.7%. According to CRE market data from WDSuite, the area demonstrates occupancy stability with median rents growing 28.2% over five years to $1,511. The 1986 construction year positions the asset for potential value-add improvements while remaining competitive within the neighborhood's 1974 average vintage.
Demographic projections within a 3-mile radius show household income growth from $69,944 to $98,918 by 2028, supporting tenant quality improvement and retention. The property benefits from proximity to major employers including Disney headquarters and Charter Communications, providing workforce housing demand drivers. However, investors should monitor the area's limited amenities for families and below-average school ratings when evaluating long-term tenant mix strategies.
- Strong rental market with 71.7% renter occupancy (97th percentile nationally)
- Median rent growth of 28.2% over five years to $1,511
- Projected household income growth to $98,918 by 2028
- Value-add potential with 1986 vintage in established neighborhood
- Risk consideration: Limited family amenities and below-average school ratings