| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7100 Woodman Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1976 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7100 Woodman Ave Van Nuys Multifamily Investment
This 20-unit property built in 1976 sits in a neighborhood with 71.9% renter-occupied units and strong NOI performance at $14,682 per unit, ranking in the top quartile nationally among 1,441 metro neighborhoods according to CRE market data from WDSuite.
Located in Van Nuys, this property operates within an Urban Core neighborhood rated A- that demonstrates solid fundamentals for multifamily investors. The area maintains 71.9% renter-occupied units, ranking in the top quartile nationally and indicating strong rental demand dynamics. With neighborhood-level occupancy at 94.6% and median contract rents of $1,519, the market shows stability despite modest rent growth of 35.7% over five years.
The 1976 construction year matches the neighborhood average, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Demographics within a 3-mile radius show a population of approximately 293,000 with 64.6% renter-occupied housing units, supporting sustained rental demand. Household income projections indicate growth from a current median of $70,207 to $100,993 by 2028, potentially strengthening tenant quality and rent collection.
Amenity density supports tenant retention with 9.31 grocery stores per square mile (99th percentile nationally) and 4.14 cafes per square mile (98th percentile nationally). The neighborhood's housing rank places it in the 82nd percentile nationally among comparable areas, though school ratings average 2.0 out of 5, which investors should consider for family-oriented tenant appeal.
Home values averaging $829,016 with 68.9% five-year appreciation reinforce rental demand, as elevated ownership costs keep households in the multifamily market. The rent-to-income ratio of 0.33 suggests manageable affordability for current tenants, though investors should monitor renewal rates as income growth projections may support future rent increases.
Safety metrics show the neighborhood performing competitively among Los Angeles metro neighborhoods, with crime ranking 356th out of 1,441 neighborhoods (76th percentile nationally). Property offense rates have declined significantly by 82.7% year-over-year, ranking in the 98th percentile nationally for improvement trends. Violent offense rates also decreased by 93.4%, placing the neighborhood in the 99th percentile for positive safety trajectory.
While absolute crime levels require ongoing monitoring, the substantial improvement in both property and violent offense rates suggests strengthening neighborhood conditions that may support tenant retention and leasing velocity. Investors should evaluate these trends alongside local security measures and community policing initiatives when assessing long-term stability.
The Van Nuys location provides access to major corporate employers within commuting distance, supporting workforce housing demand from entertainment, telecommunications, and energy sector employees.
- Charter Communications — telecommunications (4.9 miles)
- Radio Disney — media & entertainment (6.1 miles)
- Disney — entertainment & media (6.8 miles) — HQ
- Live Nation Entertainment — entertainment services (8.4 miles) — HQ
- Activision Blizzard Studios — gaming & technology (9.3 miles)
This 20-unit Van Nuys property presents a value-oriented multifamily investment with strong rental fundamentals and renovation upside potential. The 1976 vintage aligns with neighborhood norms while offering capital improvement opportunities to capture additional rent growth in a market where NOI averages $14,682 per unit. Demographics within a 3-mile radius project household income growth from $70,207 to $100,993 by 2028, supporting future rent increases and tenant quality improvements.
The neighborhood's 71.9% renter occupancy rate ranks in the top quartile nationally, indicating sustained rental demand reinforced by elevated home values averaging $829,016. Commercial real estate analysis from WDSuite shows the area's crime rates declining significantly, with property offenses down 82.7% and violent offenses down 93.4% year-over-year, suggesting improving neighborhood conditions that support tenant retention and leasing stability.
- Strong rental demand with 71.9% renter occupancy ranking top quartile nationally
- Value-add renovation potential with 1976 construction year and neighborhood NOI averaging $14,682 per unit
- Projected household income growth of 44% by 2028 supporting rent increases
- Declining crime rates with property offenses down 82.7% year-over-year
- Risk consideration: Average school ratings of 2.0 out of 5 may limit family tenant appeal