| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6944 Kester Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6944 Kester Ave Van Nuys Multifamily Investment
Neighborhood fundamentals point to a deep renter pool and steady demand supported by a high share of renter-occupied units and elevated ownership costs, according to CRE market data from WDSuite. Focus is on income durability in a high-cost ownership market where renters rely on well-located apartments.
Van Nuys sits within the Los Angeles-Long Beach-Glendale metro and rates B- overall for investors, with this neighborhood landing near the metro median (rank 732 of 1,441). Dining access is a relative strength: restaurants per square mile rank 281 of 1,441, placing the area in the top quartile among Los Angeles neighborhoods, and cafes are competitive (rank 443 of 1,441). Pharmacies are particularly dense (rank 52 of 1,441), offering everyday convenience for residents.
The neighborhood shows a high renter concentration, with roughly seven in ten housing units renter-occupied. For multifamily, that signals depth in the tenant base and supports leasing velocity and renewal potential. Median home values sit in a high-cost ownership market (around the 95th percentile nationally), which tends to sustain renter reliance on apartments and can bolster pricing power when paired with effective lease management.
Within a 3-mile radius, population has edged down while the household count has risen and is projected to grow further by 2028, pointing to smaller average household sizes and a larger pool of households competing for rental options. This dynamic generally supports occupancy stability and ongoing renter demand, even as demographics evolve.
Two caution flags: the average school rating tracks below national norms, and park access and formal childcare options are limited within the immediate neighborhood. From an investor lens, these factors can shape renter preferences and marketing positioning, but the broader amenity mix and employment access help maintain appeal for working households.
Safety indicators are mixed but trending better. Nationally, estimated violent and property offense measures place the neighborhood above the median for safety compared with many neighborhoods nationwide, and recent year-over-year estimates point to meaningful declines in both categories, based on WDSuite s CRE market data. Interpreting safety at the neighborhood (not block) level, investors should view this as supportive of resident retention while continuing standard security and lighting best practices.
The area draws on a diversified employment base in media, insurance, life sciences, and telecom, supporting workforce housing demand and commute convenience for renters. Key employers within a 6 9 mile radius include Charter Communications, Radio Disney, Thermo Fisher Scientific, Disney, and Farmers Insurance.
- Charter Communications telecom (6.5 miles)
- Radio Disney media (7.3 miles)
- Thermo Fisher Scientific life sciences (8.0 miles)
- Disney media & entertainment (8.1 miles) HQ
- Farmers Insurance Exchange insurance (8.4 miles) HQ
This 21-unit asset benefits from neighborhood characteristics that favor multifamily performance: a high share of renter-occupied housing, elevated ownership costs, and solid everyday amenities that support retention. Neighborhood occupancy trends sit in the low-90s, with some softening versus five years ago, suggesting prudent underwriting on lease-up pace and renewal assumptions. According to CRE market data from WDSuite, NOI per unit in the neighborhood ranks well relative to peers, indicating a supportive revenue environment when paired with operational discipline.
Within a 3-mile radius, households have increased despite a modest population dip, and projections show further household growth by 2028. For investors, this implies a larger tenant base and supports occupancy stability, while the high-cost ownership market reinforces renter reliance on apartments. Manage to affordability pressure (rent-to-income near one-third locally) through targeted pricing and value-added convenience features to protect retention.
- Deep renter base in a high-cost ownership market supports leasing and renewals.
- Amenity access (dining, cafes, pharmacies) enhances day-to-day livability and retention.
- Neighborhood NOI per unit trends are competitive, per WDSuite s CRE market data.
- Household growth within 3 miles indicates a larger renter pool over the medium term.
- Risks: lower school ratings, limited park/childcare access, and modest occupancy softening require conservative underwriting.