| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 51st | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7203 Rubio Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2013 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7203 Rubio Ave Van Nuys Multifamily Investment
Stabilized renter demand in an urban-core pocket of the San Fernando Valley with high-cost homeownership supports occupancy and pricing discipline, according to WDSuite’s CRE market data. Newer construction versus local stock positions the asset competitively for retention and lease trade-outs.
Van Nuys’ Urban Core setting delivers daily-life convenience and broad renter appeal. Amenities place the neighborhood in the top quartile among 1,441 Los Angeles metro neighborhoods, with dense restaurant and cafe options and solid grocery and pharmacy access. This depth helps leasing velocity and day-to-day livability without relying on destination retail.
Neighborhood occupancy is high at roughly 98%, and the area’s overall rating sits above the metro median, supporting expectations for steady renewal potential and limited downtime. Compared with the metro and nationally, the local housing metrics trend favorable for multifamily: rents have grown over the last five years while remaining supported by incomes, and elevated ownership costs in Los Angeles County continue to channel households toward rentals.
At the property level, 2013 construction is newer than the neighborhood’s average vintage (early 1980s). That typically enhances competitive positioning versus older walk-ups while still warranting ongoing capital planning for mid-life systems and modernization over a hold period.
Demographic statistics aggregated within a 3-mile radius point to a sizable renter base: renters account for a majority of occupied housing units, and household counts have been rising with a forecast for further growth even as average household size trends lower. This shift implies a larger pool of households seeking rental housing, which can support occupancy stability and consistent leasing, based on WDSuite’s commercial real estate analysis.
Home values in the neighborhood rank in the top national percentiles, signaling a high-cost ownership market. For investors, that context tends to sustain rental demand depth and can aid retention, while the neighborhood’s rent-to-income profile indicates manageable affordability pressure that can be navigated through disciplined lease management.
Safety trends compare favorably. The neighborhood ranks competitive among Los Angeles metro neighborhoods (260 out of 1,441 indicates relatively lower crime levels within the metro), and national comparisons place the area in higher percentiles for safety. Recent data also shows meaningful year-over-year reductions in both violent and property offenses, according to WDSuite, a constructive signal for long-term neighborhood stability.
While safety is best evaluated over multi-year horizons, the current trajectory suggests conditions that are above metro averages and top quartile nationally, a supportive backdrop for renter retention and leasing.
Proximity to a diverse employment base in the San Fernando Valley and nearby West LA supports tenant demand and commute convenience. Notable employers include life sciences, insurance, media, and energy firms located within an approximately 6–10 mile radius.
- Thermo Fisher Scientific — life science tools (5.9 miles)
- Farmers Insurance Exchange — insurance (6.2 miles) — HQ
- Charter Communications — telecommunications (8.7 miles)
- Occidental Petroleum — energy (10.3 miles) — HQ
- Disney — media & entertainment (10.3 miles) — HQ
7203 Rubio Ave is a 29-unit asset built in 2013, offering a newer product relative to the surrounding early-1980s stock. High neighborhood occupancy and a deep renter pool support steady leasing, while elevated home values in Los Angeles County reinforce reliance on multifamily housing. According to CRE market data from WDSuite, the area’s fundamentals are consistent with above-metro occupancy and durable renter demand.
Within a 3-mile radius, households are expanding and average household size is trending lower, pointing to more households competing for units and supporting absorption. The asset’s larger average unit sizes provide flexibility for a mix of renters, and its newer vintage should remain competitive versus older comparables, with prudent reserves for mid-life building systems and periodic upgrades.
- Newer 2013 construction versus local 1980s stock supports competitive positioning and leasing.
- High neighborhood occupancy and a majority-renter 3-mile area underpin demand stability.
- Elevated home values in a high-cost ownership market bolster renter reliance and retention.
- Risks: limited nearby parks and below-average school ratings may temper some family-demand segments; ongoing capital planning for mid-life systems is advisable.