| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7112 Woodman Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7112 Woodman Ave Van Nuys Multifamily Investment
Neighborhood fundamentals point to steady renter demand and solid occupancy in Van Nuys, according to WDSuite’s CRE market data. The area’s renter concentration and amenity access support leasing durability for investors evaluating mid-size assets.
The immediate neighborhood ranks 273 out of 1,441 Los Angeles metro neighborhoods (A-), placing it in the top quartile locally for overall performance. Amenity access is a clear strength: grocery, dining, and daily-needs options score in high national percentiles, which helps with resident retention and reduces friction in lease-ups. Average school ratings are lower than national medians, which can moderate family-driven demand, but proximity to services and employment helps sustain the renter base.
The asset’s 1986 construction is newer than the neighborhood’s typical 1976 vintage. That positioning can be competitive versus older stock while still leaving room for targeted modernization of building systems and common areas to support rent growth and reduce near-term capex surprises.
Renter-occupied housing is prevalent at the neighborhood level (high renter share), signaling depth in the multifamily tenant pool and supporting occupancy stability through cycles. Home values in the area are elevated relative to national norms, which tends to reinforce reliance on rental housing and can support pricing power for well-maintained units.
Within a 3-mile radius, demographics show a large, diverse population with household counts having edged higher recently and projected to grow further, even as average household size trends lower. For investors, that combination implies a broader tenant base and continued demand for smaller-format apartments. Neighborhood rents have trended upward and, based on CRE market data from WDSuite, are expected to continue growing from today’s levels, aligning with sustained, though managed, rent-to-income considerations.
Safety indicators for the neighborhood compare favorably to many areas nationally, with overall crime levels aligning closer to safer cohorts (high national percentile). Recent year-over-year data shows notable improvement in both property and violent offense rates, a positive directional trend for resident confidence and leasing. Conditions can vary by block and time of day, so investors typically underwrite conservatively and corroborate trends against Los Angeles metro peers.
Proximity to major media and entertainment employers underpins commuter convenience and broad white-collar renter demand. Key nearby employers include Charter Communications, Radio Disney, Disney, and Live Nation Entertainment.
- Charter Communications — corporate offices (4.95 miles)
- Radio Disney — corporate offices (6.05 miles)
- Disney — corporate offices (6.75 miles) — HQ
- Live Nation Entertainment — corporate offices (8.43 miles)
- Live Nation Entertainment — corporate offices (8.84 miles) — HQ
7112 Woodman Ave is a 38‑unit, mid-1980s multifamily asset in Van Nuys positioned within a neighborhood that performs in the top quartile among 1,441 Los Angeles metro neighborhoods. The area’s high renter concentration and elevated ownership costs support a deep tenant base and sustained occupancy. According to CRE market data from WDSuite, neighborhood occupancy is strong and amenity density is competitive, which can aid lease-up velocity and retention for well-managed properties.
Built in 1986 with average unit sizes around 700 square feet, the property is newer than the local average vintage and may benefit from focused value-add (common areas, interiors, and selective system updates) to enhance competitiveness against both older stock and newer deliveries. Within a 3‑mile radius, households are increasing and are projected to rise further as average household size moderates, suggesting ongoing multifamily demand. Investors should also account for rent-to-income pressure common in high-cost Los Angeles submarkets and keep an eye on school quality and safety trends when targeting resident profiles.
- Top-quartile Los Angeles neighborhood with strong amenity access supporting retention
- High renter concentration and elevated ownership costs reinforce multifamily demand
- 1986 vintage offers value-add potential to boost rents and reduce capex risk
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: rent-to-income pressure, uneven school ratings, and monitoring neighborhood safety trends