| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6936 Vesper Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 50 |
| Transaction Date | 1995-10-30 |
| Transaction Price | $730,078 |
| Buyer | WHC ONE INVESTORS LP |
| Seller | JOGANI SHASHIKANT J |
6936 Vesper Ave Van Nuys Multifamily Investment
Neighborhood data points to durable renter demand in a high-cost ownership market, with occupancy measured at the neighborhood level remaining around the national middle, according to WDSuite’s CRE market data. For investors, that combination supports stable leasing with selective pricing power when managed against local affordability.
Van Nuys sits within the Los Angeles-Long Beach-Glendale metro and rates B- overall, competitive among local urban-core neighborhoods. Renter-occupied housing is elevated at the neighborhood level, underscoring a deep tenant base and broad demand for multifamily. Neighborhood occupancy is near the national mid-range and has eased over the past five years, suggesting the need for disciplined leasing and renewals to sustain stability.
Local amenities skew toward daily convenience and dining. Restaurant density ranks in the top decile nationally and pharmacies are similarly abundant, while formal parks and childcare options within the immediate neighborhood are limited. School ratings trend below national norms, which can modestly narrow family-driven demand but is often offset by workforce renters prioritizing commute and services.
Pricing context supports rental reliance: neighborhood home values sit in a high-cost ownership range (top national percentiles), and the value-to-income ratio is among the highest nationally. This typically sustains multifamily demand and can aid lease retention. At the same time, rent-to-income metrics indicate localized affordability pressure, so revenue management should balance rent growth with retention risk.
Within a 3-mile radius, demographics show a modest decline in population alongside an increase in households today and further household growth projected, implying smaller household sizes and a gradual expansion of the renter pool. Income levels are rising in the near-term outlook, and asking rents are projected to grow, which together support occupancy stability for well-positioned assets.
Safety indicators compare favorably at the national level. Overall crime measures are in the top quartile nationally, and both violent and property offense rates show meaningful year-over-year improvement, based on CRE market data from WDSuite. As with any urban-core location, performance can vary block to block; investors typically underwrite with property-level controls and operational best practices rather than relying solely on neighborhood averages.
Nearby employment centers span telecommunications, media and entertainment, life sciences, and insurance—supporting a broad workforce renter base and commute convenience relevant to leasing and retention.
- Charter Communications — telecommunications (6.1 miles)
- Radio Disney — media (6.9 miles)
- Disney — entertainment (7.7 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.3 miles)
- Farmers Insurance Exchange — insurance (8.7 miles) — HQ
6936 Vesper Ave offers exposure to a renter-heavy Los Angeles submarket where ownership costs are elevated and neighborhood occupancy sits around the national midpoint. Built in 1977, the asset is slightly newer than the local average vintage, which can be competitively positioned versus older stock while still benefiting from targeted modernization or value-add improvements to systems and finishes. According to commercial real estate analysis from WDSuite, neighborhood rents and incomes are trending upward over the forecast period, and household counts within 3 miles are projected to increase—factors that support demand depth and leasing stability when paired with prudent revenue management.
Counterbalancing strengths include below-average school ratings and measured affordability pressure (rent-to-income), plus evidence of occupancy easing at the neighborhood level. These conditions argue for an operational focus on resident retention, amenities that resonate with workforce tenants, and disciplined expense and CapEx planning.
- Renter-heavy neighborhood and high-cost ownership context support depth of tenant demand and lease retention
- 1977 vintage enables competitive positioning with potential value-add upside through targeted modernization
- Household growth and rising incomes within 3 miles bolster the renter pool and occupancy stability
- Dense amenities and diverse nearby employers aid leasing velocity for workforce renters
- Risks: affordability pressure, weaker school ratings, and neighborhood occupancy easing call for disciplined revenue management