| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7107 Kester Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7107 Kester Ave Van Nuys Multifamily Investment
Neighborhood-level data points to durable renter demand and steady occupancy conditions in Van Nuys, according to WDSuite s CRE market data, with a high share of renter-occupied units supporting leasing depth. For investors, the area s renter concentration helps underpin income stability even as broader Los Angeles cycles evolve.
Situated in Los Angeles s Van Nuys Urban Core, the property benefits from a renter-driven neighborhood and a broad service base that supports day-to-day living. Neighborhood statistics are measured at the neighborhood scale, not the property; they indicate a high renter-occupied share, which deepens the local tenant pool and can support occupancy stability for workforce-oriented assets.
Amenity access trends are favorable for residents: restaurants and cafes rank in the top decile nationally, and pharmacy density is also top decile, while park space and childcare options are limited. This mix suggests strong convenience retail and food-service access but fewer recreational green spaces, which can influence tenant preferences and retention strategies.
Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood s overall standing is above the metro median, with NOI per unit performance competitive on a national basis. School ratings trend below average locally, which may affect unit mix strategy or target renter profiles, but does not preclude solid multifamily performance where affordability and convenience are primary drivers.
Within a 3-mile radius, demographic data show households increasing even as population trends modestly lower, pointing to smaller household sizes and a broader base of renting-age households. Rising median incomes and contract rents in the radius support pricing power over time, and elevated ownership costs in the metro context sustain reliance on multifamily housing evidence that, based on CRE market data from WDSuite, aligns with sustained renter demand rather than homeownership shifts.
Neighborhood safety indicators compare favorably at the national level, with the area trending in the top quartile for safety versus neighborhoods nationwide. Recent year-over-year data also signal notable declines in both violent and property offense estimates, suggesting an improving trend rather than a one-off fluctuation.
As with any urban Los Angeles submarket, safety can vary by block and time of day; investors typically underwrite to submarket averages and management practices. The directional improvements and above-average national standing provide a constructive backdrop for renter retention and leasing, while still warranting property-level security and lighting plans consistent with institutional standards.
The employment base within a 6 9 mile commute includes media, insurance, and life sciences offices that support steady renter demand and retention. Notable nearby employers include Charter Communications, Radio Disney, Thermo Fisher Scientific, Disney, and Farmers Insurance Exchange.
- Charter Communications corporate offices (6.5 miles)
- Radio Disney corporate offices (7.4 miles)
- Thermo Fisher Scientific corporate offices (8.0 miles)
- Disney corporate offices (8.1 miles) HQ
- Farmers Insurance Exchange corporate offices (8.4 miles) HQ
Built in 1977, the asset is slightly newer than much of the surrounding vintage stock, offering competitive positioning versus older buildings while leaving room for selective modernization to enhance rents and retention. Neighborhood-level occupancy sits near national midpoints, but a high renter-occupied share indicates a deep tenant base, and elevated ownership costs across Los Angeles reinforce reliance on multifamily rentals.
Within a 3-mile radius, households are projected to increase even as population edges down, expanding the addressable renter base and supporting occupancy stability. According to commercial real estate analysis from WDSuite, local rent growth and income gains have outpaced prior periods, while amenity density (restaurants, cafes, pharmacies) supports livability; risks include below-average school ratings, limited parks, and rent-to-income pressure that calls for prudent lease management.
- 1977 construction offers competitive positioning with targeted value-add potential for interiors and systems
- High renter-occupied share supports depth of tenant demand and leasing durability
- Amenity-rich urban setting (top-decile food/pharmacy access) underpins resident convenience and retention
- Household growth within 3 miles expands the renter pool, supporting occupancy stability over time
- Risks: below-average school ratings, limited parks/childcare, and affordability pressure require disciplined lease and expense management