| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 28th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7201 Lennox Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | 1995-09-18 |
| Transaction Price | $1,466,880 |
| Buyer | BASHERAL AVRAHAM |
| Seller | GREAT WESTERN BANK FSB |
7201 Lennox Ave Van Nuys Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy stability supported by a high renter-occupied share, according to WDSuite’s CRE market data.
Located in Van Nuys within the Los Angeles metro, the neighborhood is rated B- and functions as an Urban Core location with leasing supported by a deep renter base. The area’s renter-occupied share is high for the region, indicating a broad tenant pool and demand depth for multifamily operators. Neighborhood occupancy is strong and sits above national norms, reinforcing day‑to‑day leasing stability for professionally managed assets.
Daily convenience is a relative strength: grocery and pharmacy access rank in the top tier nationally, and restaurants are dense compared with most U.S. neighborhoods. By contrast, park and café density is limited, so on‑site amenities at the property can be a differentiator in resident retention and renewal strategies.
Home ownership costs in this part of Los Angeles are elevated versus national benchmarks, which generally sustains reliance on rental housing and supports pricing power when paired with sound lease management. Median contract rents in the neighborhood have risen meaningfully over the past five years, and the rent‑to‑income profile suggests some affordability pressure to monitor for renewal risk and concession discipline.
Demographic statistics are aggregated within a 3‑mile radius: households have grown recently and are projected to increase further even as total population trends modestly lower, pointing to smaller household sizes and ongoing renter pool expansion that supports occupancy and absorption. Average construction vintage in the neighborhood skews mid‑1970s; with a 1972 build, this asset is slightly older than the local average, which underscores the importance of targeted capital planning and presents value‑add renovation upside to enhance competitive positioning.
Relative to Los Angeles metro peers, the neighborhood ranks in the stronger (safer) cohort and is competitive among local submarkets, with crime levels that land in the top quartile nationally compared with neighborhoods across the U.S. Recent trend data indicates notable year‑over‑year improvement in both violent and property offense rates, a constructive signal for long‑term leasing and retention. Rankings are measured against 1,441 neighborhoods in the Los Angeles metro.
Employment anchors across media, entertainment, insurance, and life sciences support a large commuter workforce and reinforce renter demand from professionals seeking proximity: Charter Communications, The Walt Disney Company, Thermo Fisher Scientific, Farmers Insurance Exchange, and Live Nation Entertainment.
- Charter Communications — telecommunications (5.8 miles)
- The Walt Disney Company — entertainment studios (7.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.6 miles)
- Farmers Insurance Exchange — insurance (9.0 miles) — HQ
- Live Nation Entertainment — entertainment & ticketing (9.2 miles) — HQ
7201 Lennox Ave offers exposure to a renter‑driven Urban Core submarket with above‑average occupancy and strong daily‑needs accessibility. Elevated ownership costs locally reinforce reliance on multifamily housing, helping sustain tenant demand. Based on commercial real estate analysis from WDSuite, neighborhood income performance and NOI per unit metrics trend favorably versus national benchmarks, supporting a constructive long‑term view for stabilized operations.
Built in 1972, the asset is slightly older than the neighborhood average, suggesting targeted CapEx and value‑add renovations can enhance competitiveness and drive rent premiums while managing affordability pressure with disciplined lease strategies. Household growth within a 3‑mile radius and proximity to major employment nodes further strengthen the leasing thesis over a full cycle.
- Renter‑heavy neighborhood and above‑national occupancy support stable leasing
- Strong grocery/pharmacy/restaurant access underpins resident convenience and retention
- Household growth within 3 miles expands the tenant base over time
- 1972 vintage provides value‑add and CapEx optimization opportunities
- Risk: affordability pressure and limited park/café options require prudent rent and amenity strategy