| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7061 Woodman Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2010 |
| Units | 24 |
| Transaction Date | 2008-03-20 |
| Transaction Price | $475,000 |
| Buyer | ENGLEMAN MIKE |
| Seller | EDWARDS ERIN |
7061 Woodman Ave, Van Nuys Multifamily Investment
Stabilized renter demand in an Urban Core pocket of Van Nuys, with neighborhood occupancy trending strong according to WDSuite’s CRE market data. Newer 2010 construction offers competitive positioning versus older local stock.
Located in Los Angeles’ San Fernando Valley, the neighborhood surrounding 7061 Woodman Ave rates B+ and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 524 out of 1,441). Investors benefit from a deep renter-occupied base: the neighborhood’s share of housing units that are renter-occupied is high, supporting a larger tenant pool and leasing durability.
Daily-needs access is a relative strength. Grocery, pharmacy, and restaurant density test in high national percentiles, and the area’s overall amenity rank is competitive among metro peers. Park access is limited, which may matter for some family-oriented renters, and average school ratings are below metro norms; both factors should be weighed in marketing and retention strategies.
Neighborhood occupancy is above metro median and in the top quartile nationally, indicating steady absorption and supporting income stability for well-managed assets. With median home values elevated for the area, ownership is a high-cost option, which tends to sustain reliance on multifamily rentals and can aid lease retention and pricing discipline.
The property’s 2010 vintage is newer than the neighborhood’s typical 1970s-era stock. That positioning can reduce near-term capital needs and enhance curb appeal versus older comparables, while still planning for standard mid-life system updates or modernization to maintain competitiveness as newer deliveries come online.
Safety indicators for the neighborhood are above average relative to both the metro and the nation. The area ranks favorably within Los Angeles-Long Beach-Glendale (295 out of 1,441 neighborhoods), and it sits in a higher national safety percentile compared with neighborhoods nationwide. Recent WDSuite data also show notable year-over-year declines in both violent and property offense rates, a constructive trend for resident retention and asset perception.
As always, safety conditions vary by micro-location and over time. Investors should corroborate current patterns with on-the-ground observations and standard due diligence.
Proximity to major media and corporate employers underpins renter demand, with commute-friendly access to roles in telecommunications, entertainment, and gaming that support leasing depth and retention.
- Charter Communications — telecommunications (4.97 miles)
- Radio Disney — entertainment offices (6.05 miles)
- Disney — entertainment studios (6.76 miles) — HQ
- Live Nation Entertainment — live events & media (8.81 miles) — HQ
- Activision Blizzard Studios — gaming & media (9.26 miles)
This 24-unit, 2010-built asset sits in a renter-dense Urban Core neighborhood with occupancy readings that are above the metro median and top quartile nationally, supporting income stability for professionally managed properties. Elevated ownership costs in the area reinforce reliance on multifamily housing, while amenity density (groceries, pharmacies, restaurants) provides everyday convenience that can aid leasing velocity and retention.
The 2010 vintage offers competitive positioning versus older local stock and potential to drive returns through targeted interior refreshes and select system updates as the asset approaches mid-life. Within a 3-mile radius, households have trended upward historically and are projected to expand further alongside smaller average household sizes, implying a larger renter base and support for occupancy, according to CRE market data from WDSuite.
- Renter-dense neighborhood with above-median metro occupancy supporting stable cash flow
- 2010 construction provides competitive edge over older comparables with manageable mid-life capex planning
- Elevated home values sustain multifamily demand, aiding pricing discipline and retention
- Strong daily-needs amenity access supports leasing velocity
- Risks: limited park access and below-average school ratings; monitor demographic softness and tailor marketing to core renter segments