| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6949 N Woodman Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1979 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6949 N Woodman Ave Van Nuys Multifamily Investment
This 34-unit property in Van Nuys benefits from strong neighborhood occupancy at 96.2% and a 65.2% renter-occupied housing base that ranks in the top 5% nationally. According to WDSuite's CRE market data, the area shows stable rental demand fundamentals with improving crime trends.
Van Nuys presents a compelling investment environment for multifamily properties, with neighborhood-level occupancy at 96.2% reflecting solid rental demand stability. The area ranks above the metro median among 1,441 Los Angeles neighborhoods for housing fundamentals, supported by a 65.2% renter-occupied unit share that places it in the 96th percentile nationally. This high concentration of rental housing indicates sustained tenant demand and reduced competition from ownership alternatives.
The property's 1979 construction year aligns with the neighborhood average, suggesting consistent building stock that may offer value-add renovation opportunities for investors seeking to enhance unit appeal and rental premiums. Demographic data within a 3-mile radius shows a stable population base of approximately 290,800 residents, with forecasted household growth of 31.5% through 2028 supporting expanded renter pool depth.
Current median rents of $1,596 have grown 34.8% over five years, while the neighborhood's rent-to-income ratio of 0.27 suggests manageable affordability dynamics for tenant retention. The area benefits from strong amenity density, ranking in the 96th percentile nationally for grocery store access and 90th percentile for cafe availability, factors that support tenant satisfaction and lease renewal rates.
Home values averaging $745,738 represent a 57.2% increase over five years, with the elevated ownership costs helping sustain rental demand by keeping households in the multifamily market. The neighborhood's B+ rating reflects balanced fundamentals across housing, demographics, and amenity categories that support long-term investment stability.
Safety metrics show improving trends that support tenant retention and property stability. The neighborhood ranks in the 78th percentile nationally for overall crime performance, positioning it favorably compared to other urban core areas. Property offense rates have declined significantly by 83.2% year-over-year, placing the area in the 98th percentile nationally for crime reduction trends.
Violent crime rates have similarly improved, with a 91.5% year-over-year decrease that ranks in the 99th percentile nationally for safety improvements. These positive crime trends, combined with the neighborhood's urban core classification, suggest a stabilizing environment that can support consistent occupancy and tenant comfort levels essential for multifamily investment performance.
The Van Nuys area benefits from proximity to major corporate employers that provide workforce housing demand, with several Fortune 500 companies and entertainment industry leaders within commuting distance.
- Charter Communications — telecommunications (5.0 miles)
- Radio Disney — media & entertainment (6.0 miles)
- Disney — entertainment & media (6.7 miles) — HQ
- Live Nation Entertainment — entertainment services (8.3 miles) — HQ
- Activision Blizzard Studios — gaming & technology (9.1 miles)
This 34-unit Van Nuys property offers stable multifamily fundamentals supported by strong neighborhood occupancy at 96.2% and a substantial 65.2% renter-occupied housing base that ranks in the top 5% nationally. The 1979 construction year presents value-add renovation opportunities to capture upside in a market where median rents have grown 34.8% over five years. Commercial real estate analysis from WDSuite indicates the area's improving safety profile, with property crimes down 83.2% year-over-year, supports tenant retention and operational stability.
Demographic projections within a 3-mile radius show household growth of 31.5% through 2028, expanding the potential tenant base while median household incomes are forecast to increase 45.8% to $103,785. The neighborhood's proximity to major employers including Disney headquarters and Charter Communications provides workforce housing demand, while high home values averaging $745,738 help sustain rental demand by keeping households in the multifamily market.
- Strong occupancy fundamentals with 96.2% neighborhood-level rates and 96th percentile national ranking for renter-occupied units
- Value-add potential from 1979 vintage in market with 34.8% rent growth over five years
- Expanding tenant base supported by 31.5% projected household growth through 2028
- Risk consideration: Monitor rent-to-income dynamics as household incomes adjust to rental growth trends