| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 34th | Fair |
| Amenities | 71st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7040 Haskell Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1979 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7040 Haskell Ave Van Nuys Multifamily Investment
Neighborhood occupancy remains resilient with a deep renter base, supporting stable leasing dynamics around Van Nuys, according to WDSuite’s CRE market data. The area’s high-cost ownership landscape further sustains multifamily demand and retention potential.
Van Nuys’ Inner Suburb setting offers daily convenience for renters, with strong access to groceries, restaurants, pharmacies, and childcare options. Amenity availability tests above many U.S. neighborhoods, while park access is limited within the immediate neighborhood, which some renters may weigh against proximity to services.
For multifamily investors, the neighborhood’s leasing backdrop is a key strength: occupancy trends sit in the top quartile nationally, and the share of renter-occupied housing units is among the highest in the Los Angeles metro (97 out of 1,441 neighborhoods). This combination points to a sizable tenant pool and supports day‑to‑day leasing stability for comparable assets.
Within a 3‑mile radius, households have increased even as population has edged lower, signaling smaller household sizes and ongoing demand for rental units. Median household incomes have risen meaningfully, and contract rents have also advanced, underscoring the need for active lease management to balance pricing power with retention.
Ownership costs in the neighborhood sit at elevated levels compared with most U.S. neighborhoods. This high‑cost ownership market typically reinforces reliance on rental housing, which can aid occupancy and help sustain rent collections. School ratings trail regional and national averages, which may matter for certain renter segments and should be considered when positioning unit mixes and amenities.
Safety indicators are competitive among Los Angeles neighborhoods (388 out of 1,441), and the area scores around the 75th percentile nationally, indicating comparatively lower crime than many U.S. neighborhoods. Violent‑offense measures track modestly better than the national midpoint.
Recent trend data from WDSuite shows notable year‑over‑year improvements in both property and violent offense estimates. While conditions can vary by block and over time, the direction of change supports a cautiously positive outlook when assessing tenant retention and operating stability.
Nearby corporate offices across life sciences, insurance, telecommunications, and media/entertainment provide diverse employment bases that can support renter demand and commute convenience. The list below reflects leading employers within a roughly 7–9 mile radius: Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and Disney.
- Thermo Fisher Scientific — life sciences (6.9 miles)
- Farmers Insurance Exchange — insurance (7.4 miles) — HQ
- Charter Communications — telecommunications (7.5 miles)
- Radio Disney — media (8.3 miles)
- Disney — entertainment (9.1 miles) — HQ
7040 Haskell Ave is positioned in a renter‑heavy Van Nuys neighborhood where occupancy trends are strong and amenities are plentiful, supporting stable day‑to‑day operations. Elevated home values relative to incomes in the area reinforce renter reliance on multifamily housing, while household growth within a 3‑mile radius expands the tenant base even as average household size declines. According to CRE market data from WDSuite, neighborhood occupancy and income gains have supported rent growth, suggesting disciplined pricing power when paired with retention‑focused leasing.
Built in 1979, the asset may benefit from targeted capital improvements and modernization to remain competitive versus newer stock, creating potential value‑add levers through interiors, building systems, and common areas. Key watch‑items include rent‑to‑income pressure and lower school ratings, which call for careful lease management, amenity strategy, and durable underwriting assumptions.
- Renter‑heavy neighborhood with competitive occupancy supports leasing stability
- High ownership costs in the area underpin sustained multifamily demand
- 1979 vintage offers value‑add potential via selective renovations and systems upgrades
- Household growth within 3 miles broadens the tenant base despite smaller household sizes
- Risk: rent‑to‑income pressure and lower school ratings require disciplined pricing and retention tactics