| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7139 Hazeltine Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1980 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7139 Hazeltine Ave, Van Nuys Multifamily Investment
Neighborhood-level occupancy remains elevated and renter demand is deep, according to WDSuite’s CRE market data, positioning this Van Nuys asset for stable leasing in a high-cost ownership market.
Located in Van Nuys within the Los Angeles metro, the neighborhood rates B+ and is classified as Urban Core. Amenity access is a relative strength — grocery, pharmacy, dining, and café density place the area in higher national percentiles, and its amenity ranking sits in the top quartile among 1,441 metro neighborhoods. These factors support day-to-day convenience and help with tenant retention.
Multifamily fundamentals are supportive. Neighborhood occupancy is in the upper range (top quartile nationally and competitive within the metro), and roughly two-thirds of housing units are renter-occupied, indicating a substantial renter concentration and a deeper tenant base for lease-up and renewals. Elevated median home values and a high value-to-income ratio characterize a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can aid pricing power, while the neighborhood’s rent-to-income levels suggest manageable affordability pressure that can benefit retention.
Within a 3-mile radius, recent years show a slight population dip alongside an increase in total households and smaller average household sizes — a pattern that typically expands the renter pool and supports occupancy stability. Looking ahead, forecasts continue to point to more households and further reductions in average household size within this radius, implying more renters entering the market over time. These dynamics are consistent with findings from WDSuite’s commercial real estate analysis and help frame demand durability for workforce-oriented product.
Balance the strengths with practical considerations: public park access is limited locally, and average school ratings trail national norms. Even so, the combination of strong amenity coverage, competitive occupancy, and a sizable renter-occupied housing share makes the area compelling for multifamily investors focused on durable cash flow.
Safety trends compare favorably at the national level, with the neighborhood positioned in the upper percentiles for overall safety relative to neighborhoods nationwide. Recent year-over-year data also indicates marked declines in both property and violent offense estimates, signaling improving conditions. As with most Urban Core locations in Los Angeles, safety can vary by corridor and time of day; investors should frame underwriting with a metro-comparative lens rather than block-level assumptions.
Proximity to major media, entertainment, and technology employers supports a broad renter base and commute-friendly leasing fundamentals. The following nearby corporate offices anchor employment and help sustain multifamily demand.
- Charter Communications — telecommunications (5.5 miles)
- Radio Disney — media (6.5 miles)
- Disney — entertainment studios (7.3 miles) — HQ
- Live Nation Entertainment — live entertainment (8.8 miles)
- Thermo Fisher Scientific — life sciences (9.0 miles)
This Van Nuys asset benefits from durable rental demand drivers: neighborhood occupancy trends remain competitive within Los Angeles and in the top quartile nationally, the renter-occupied share is high, and ownership costs are elevated — all of which tend to support a stable tenant base and measured pricing power. Household growth within a 3-mile radius, alongside smaller household sizes, points to a larger pool of renters over time, which can underpin consistent leasing.
According to CRE market data from WDSuite, amenity access is a relative strength versus many metro peers, which supports retention even as residents weigh value and convenience. Underwriting should account for softer school ratings and limited park access in the immediate area, but the core fundamentals of occupancy, renter concentration, and location convenience form a credible long-term thesis.
- Competitive occupancy and strong renter concentration support leasing stability
- Elevated ownership costs reinforce reliance on multifamily housing
- Amenity-rich Urban Core location aids retention and day-to-day convenience
- Growing household counts within 3 miles expand the renter pool
- Risks: below-average school ratings and limited park access may temper some demand segments