| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6943 Haskell Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 35 |
| Transaction Date | 1994-08-20 |
| Transaction Price | $1,480,000 |
| Buyer | VICINO INC |
| Seller | GLENDALE FEDERAL BANK FSB |
6943 Haskell Ave Van Nuys Multifamily Investment
Stabilized renter demand and strong neighborhood occupancy support consistent income potential, according to WDSuite’s CRE market data. Positioned in an Urban Core pocket of Van Nuys, the asset benefits from deep tenant reach and durable leasing fundamentals.
Situated in Van Nuys’ Urban Core, the neighborhood holds a B rating with occupancy performance in the 82nd percentile nationally—an indicator of durable leasing. Within the Los Angeles-Long Beach-Glendale metro, it is competitive among 1,441 neighborhoods on occupancy, pointing to balanced supply-demand that can support rent roll stability (based on CRE market data from WDSuite).
Renter-occupied share is high for the neighborhood (roughly three-quarters), signaling a deep tenant base for multifamily. Elevated home values (about the 95th percentile nationally) reflect a high-cost ownership market that tends to sustain reliance on rentals, supporting retention and pricing power for well-managed assets.
Amenities are a relative strength: restaurants rank near the 96th percentile nationally, with cafes and pharmacies also above national medians. Park access is limited locally, so on-site or nearby private open-space features can enhance leasing appeal. School ratings trend low versus national benchmarks, a consideration for family-oriented demand and concession strategy.
Demographic statistics aggregated within a 3-mile radius show modest population contraction alongside growth in household count, with projections indicating further household gains as average household sizes decline. This pattern typically expands the renter pool and supports occupancy stability. Rising household incomes, together with rent levels around a 0.29 rent-to-income ratio, suggest manageable affordability pressure and potential for steady lease retention.
With a 1986 construction year—newer than the local average vintage—this property can compete well against older stock while benefiting from targeted modernization or systems upgrades to unlock value-add upside and reduce future capital risk.
Safety indicators place the neighborhood in the top quartile nationally and competitive among Los Angeles-Long Beach-Glendale neighborhoods, supporting leasing optics and renewal prospects relative to many urban peers.
Recent trend data shows sharp year-over-year declines in estimated violent and property offense rates, pointing to an improving trajectory. Conditions vary by block and over time, so investors should corroborate trends with current, property-level diligence.
Nearby corporate offices in life sciences, insurance, media, and communications provide a broad employment base that supports renter demand and commute convenience for residents.
- Thermo Fisher Scientific — life sciences (6.9 miles)
- Farmers Insurance Exchange — insurance (7.3 miles) — HQ
- Charter Communications — communications (7.5 miles)
- Radio Disney — media (8.2 miles)
- Disney — entertainment (9.0 miles) — HQ
6943 Haskell Ave is a 35-unit multifamily asset built in 1986, positioned in a Van Nuys neighborhood that performs well on occupancy relative to national benchmarks and remains competitive within the Los Angeles metro. High renter-occupied share and a high-cost ownership market support a durable tenant base and reinforce reliance on multifamily housing. According to WDSuite’s commercial real estate analysis, amenities are a local strength, while limited park access and lower average school ratings warrant attention in marketing and amenity programming.
Demographics aggregated within a 3-mile radius show households trending upward—despite modest population contraction—as average household sizes decline, a pattern that can expand the renter pool and underpin occupancy stability. With a newer-than-average vintage for the area, the property is well positioned versus older stock, and selective modernization can unlock value-add potential while managing long-term capital needs.
- Competitive neighborhood occupancy (top quintile nationally) supports income stability
- High renter-occupied share and elevated ownership costs deepen multifamily demand
- 1986 vintage offers competitive positioning with room for targeted value-add upgrades
- Household growth and smaller household sizes expand the renter pool, supporting lease-up and renewals
- Risks: limited park access, below-average school ratings, and modest population contraction warrant leasing and amenity strategy focus