| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7026 Sepulveda Blvd, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1978 |
| Units | 29 |
| Transaction Date | 2020-03-30 |
| Transaction Price | $6,750,000 |
| Buyer | TCT XXIII LLC |
| Seller | SMITH LEGACY LLC |
7026 Sepulveda Blvd Van Nuys Multifamily Investment
High renter concentration and a high-cost ownership market support durable demand in this Van Nuys urban core location, according to WDSuite’s CRE market data. Neighborhood occupancy is near national norms, with leasing strategies and value-add execution central to outperformance.
Positioned in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries a B- rating and sits mid-pack among 1,441 metro neighborhoods. The location functions as an Urban Core setting with strong everyday convenience: restaurants and cafes rank in the top quartile nationally, and pharmacies are notably dense, while grocery access is solid. Park space and formal childcare options are limited, which may shape tenant profiles toward working adults and households prioritizing transit and retail proximity over recreation amenities.
Renter-occupied housing accounts for a large share of units in the neighborhood, indicating a deep tenant base and generally steady multifamily demand. Neighborhood occupancy is roughly in line with national levels, though it has eased versus five years ago, suggesting leasing and renewal management remain important to sustain stability.
Home values are elevated relative to incomes and among the higher tiers nationally, which reinforces reliance on multifamily housing and can support pricing power when units are well-positioned. At the same time, a higher rent-to-income environment calls for attentive lease renewal practices to manage retention risk.
Within a 3-mile radius, recent trends show modest population contraction alongside growth in household counts and a smaller average household size. This shift typically expands the pool of smaller-household renters and supports unit absorption, with incomes trending higher over time. These dynamics align with sustained renter demand, while emphasizing the importance of product differentiation and attainable effective rents.
Safety indicators compare favorably to national norms, with the neighborhood scoring in higher national percentiles for overall crime, violent offenses, and property offenses. Recent estimates also point to meaningful year-over-year declines in both violent and property incidents. While conditions can vary block to block within Los Angeles, these trends suggest improving safety momentum relative to nationwide benchmarks.
Proximity to major employers underpins renter demand and commute convenience, anchored by telecommunications, life sciences, media, and large insurance and entertainment headquarters.
- Charter Communications — telecommunications (6.9 miles)
- Thermo Fisher Scientific — life sciences (7.5 miles)
- Radio Disney — media (7.8 miles)
- Farmers Insurance Exchange — insurance (7.9 miles) — HQ
- Disney — entertainment (8.6 miles) — HQ
7026 Sepulveda Blvd is a 29-unit 1978-vintage property in an Urban Core pocket of Van Nuys where renter concentration is high and neighborhood occupancy is near national norms. Elevated ownership costs across the area reinforce reliance on rental housing, while household growth within a 3-mile radius points to a larger tenant base even as average household size trends smaller. Constructed in 1978, the asset is slightly newer than much of the local 1970s stock, offering a competitive position with potential to benefit from targeted renovations and operational upgrades.
According to CRE market data from WDSuite, amenities such as restaurants, cafes, and pharmacies index well nationally, supporting everyday livability for tenants. That backdrop, together with a deep renter pool and rising incomes in the surrounding 3 miles, supports steady demand; execution should focus on affordability-aware pricing and retention to navigate higher rent-to-income pressures and recent occupancy softening at the neighborhood level.
- High renter-occupied share supports a deep, durable tenant base
- 1978 vintage offers competitive positioning versus older stock with value-add upside
- Elevated ownership costs reinforce multifamily demand and pricing power when well-executed
- Amenity-rich urban setting (dining, cafes, pharmacies) enhances leasing appeal
- Risks: affordability pressure (higher rent-to-income) and recent occupancy easing require active lease management