| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6940 Sepulveda Blvd, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2009 |
| Units | 98 |
| Transaction Date | 2016-09-30 |
| Transaction Price | $33,000,000 |
| Buyer | SEPULVEDA APTS LIMITED PARTNERSHIP |
| Seller | IMT CAPITAL SEPULVEDA LLC |
6940 Sepulveda Blvd, Van Nuys CA Multifamily Investment
2009-vintage asset in a renter-heavy Van Nuys pocket, supported by elevated ownership costs and steady neighborhood occupancy, according to WDSuite’s CRE market data.
Positioned in Los Angeles County’s Urban Core fabric, the property benefits from strong daily-life convenience: restaurants and pharmacies rank in the top decile nationally, and cafes are abundant relative to U.S. peers. By contrast, formal parks and childcare options are sparse locally, so on-site amenities and nearby private alternatives can matter for retention.
Neighborhood renter concentration is high (about seven in ten housing units are renter-occupied), pointing to a deep tenant base and ongoing multifamily demand. The local occupancy rate sits in the low 90s; while it has softened versus five years ago, that level typically supports leasing stability when pricing and concessions are managed carefully.
Construction in the surrounding neighborhood skews older (average year 1974), making this property’s 2009 vintage comparatively newer. That positioning can enhance competitiveness versus older stock and may limit near-term capital needs, though investors should still plan for system updates typical of a mid-2000s build.
Within a 3-mile radius, demographic statistics show modest population contraction over the last five years alongside a small increase in households, indicating smaller household sizes and a broader renter pool. Looking ahead, WDSuite’s data show a projected increase in household counts within the 3-mile area even as population trends flatten, which can translate into more lease demand and support for occupancy. Median incomes have risen and are forecast to continue growing, while rent levels are also projected to increase, underscoring the need for affordability-aware lease management.
Home values in the neighborhood sit at the high end nationally and the value-to-income ratio ranks near the top nationwide. In practice, this high-cost ownership market tends to reinforce renter reliance on multifamily housing and can support pricing power, though elevated rent-to-income ratios warrant careful renewal strategies to manage retention risk.
Safety patterns should be considered in a metro context. According to WDSuite, recent estimates indicate notable year-over-year declines in both property and violent offense rates in the neighborhood. Current offense levels benchmark above the national median for safety, but investors should monitor trends as part of standard risk management and align security, lighting, and access controls with tenant expectations.
Proximity to major corporate offices supports a broad renter base and commute convenience, particularly for professional and services employment concentrated in nearby media, entertainment, insurance, and life science operations.
- Charter Communications — telecommunications (6.9 miles)
- Thermo Fisher Scientific — life sciences (7.5 miles)
- Radio Disney — media (7.7 miles)
- Farmers Insurance Exchange — insurance (7.9 miles) — HQ
- Disney — entertainment (8.5 miles) — HQ
6940 Sepulveda Blvd offers 98 units with larger-than-typical floor plans for the area, pairing a 2009 construction vintage with a neighborhood dominated by older stock. The result is a relative quality edge that can support occupancy and rent positioning against pre-1980s comparables. Elevated home values and a high value-to-income ratio in the neighborhood sustain renter reliance on multifamily, while the local renter-occupied share indicates a deep tenant base. According to CRE market data from WDSuite, neighborhood occupancy remains in the low 90s and rents are projected to rise, suggesting room for disciplined revenue management alongside prudent concessions control.
Within a 3-mile radius, households have grown even as population trends softened, and forecasts call for further household gains and income growth. That dynamic can expand the renter pool and support leasing, though affordability pressure (given higher rent-to-income levels) and below-average school ratings warrant conservative underwriting and targeted amenity/service packages to sustain retention. As the asset ages, investors should plan for mid-life system upgrades to preserve its competitive positioning versus older nearby inventory.
- 2009 vintage in an older submarket supports competitive positioning and leasing appeal
- High-cost ownership environment reinforces renter demand and potential pricing power
- Renter-heavy neighborhood and projected household growth within 3 miles deepen the tenant base
- Larger average unit sizes provide differentiation for family and roommate renters
- Risks: affordability pressure, below-average school ratings, and normalizing occupancy call for careful lease and capex management