| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 28th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7305 Hazeltine Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1985 |
| Units | 33 |
| Transaction Date | 2025-03-25 |
| Transaction Price | $7,450,000 |
| Buyer | PEL TRUST |
| Seller | PINECONE DEVELOPMENT ENTERPRISES INC |
7305 Hazeltine Ave, Van Nuys Multifamily Investment
Stabilized renter demand and a high renter-occupied housing base in the immediate neighborhood support consistent leasing, according to WDSuite’s CRE market data. Location fundamentals and newer-than-area-average vintage position this asset for steady operations with targeted value-add potential.
The property sits in an Urban Core pocket of Van Nuys rated B- among Los Angeles-Long Beach-Glendale metro neighborhoods. Neighborhood occupancy is healthy at roughly the mid-90s, placing it above many areas nationwide, and the local renter-occupied share is elevated, indicating a deep tenant base that can support leasing stability and renewal activity.
Retail and daily-needs access are a local strength: grocery and pharmacy density rank in the top tier nationally, and restaurants are plentiful relative to most neighborhoods across the country. By contrast, parks and cafes are comparatively sparse, which modestly reduces lifestyle appeal but does not materially detract from workforce-oriented renter demand.
Home values in the neighborhood sit high versus U.S. peers, and Los Angeles remains a high-cost ownership market. This tends to reinforce reliance on rental housing and can support pricing power for well-positioned units, while the neighborhood’s rent-to-income profile suggests prudent lease management to mitigate retention risk. Median asking rents have grown meaningfully over the past five years, consistent with broader metro trends reported in WDSuite’s commercial real estate analysis.
The asset’s 1985 construction is newer than the neighborhood’s average vintage from the 1970s, offering relative competitiveness versus older stock. Investors should still anticipate targeted capital planning for aging systems and modernizations that can enhance rentability.
Within a 3-mile radius, demographics show households have been increasing even as overall population edged lower, pointing to smaller household sizes and a steady renter pool. Projections indicate further household growth through 2028, which supports demand depth for multifamily units and can help sustain occupancy.
Safety indicators for the neighborhood are mixed and should be evaluated in context. Within the Los Angeles-Long Beach-Glendale metro, a lower crime rank (178th out of 1,441) signals relatively higher reported incidents than many metro neighborhoods. Nationally, however, WDSuite’s data places the area in a generally favorable position, with violent offense levels in a stronger tier than the U.S. middle and property offense closer to national mid-range.
Recent trend signals are constructive: both violent and property offense estimates show sharp year-over-year declines in the latest dataset. While neighborhood-level fluctuations are common in large metros, the directionality over the past year is encouraging. Investors should incorporate standard operating measures—lighting, access control, and resident engagement—consistent with urban Los Angeles assets.
Proximity to major entertainment and media employers underpins a large, diverse workforce, supporting tenant demand and commute convenience for renters working in these hubs: Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Thermo Fisher Scientific.
- Charter Communications — telecommunications (5.5 miles)
- Radio Disney — media (6.6 miles)
- Disney — media & entertainment (7.3 miles) — HQ
- Live Nation Entertainment — live entertainment (8.9 miles)
- Thermo Fisher Scientific — life sciences (9.0 miles)
This 33-unit property offers durable renter demand driven by a high neighborhood share of renter-occupied housing and occupancy levels that compare favorably to national norms. Constructed in 1985, it is newer than much of the surrounding stock, providing a competitive baseline with clear, actionable value-add and system-upgrade pathways. Elevated ownership costs in Los Angeles support multifamily reliance, while household growth within a 3-mile radius points to a larger tenant base over time.
According to CRE market data from WDSuite, neighborhood rents have advanced over the last five years and home values remain elevated, reinforcing pricing power for well-maintained units. At the same time, the local rent-to-income profile suggests careful renewal strategies and amenity-focused improvements to sustain retention.
- High renter concentration and healthy neighborhood occupancy support leasing stability.
- 1985 vintage is newer than area average, with clear modernization and value-add potential.
- Elevated ownership costs in the metro reinforce multifamily demand and potential pricing power.
- 3-mile household growth outlook supports a larger tenant base and occupancy resilience.
- Risks: higher relative crime within the metro, rent-to-income pressure, and limited parks/cafes warrant focused operations and amenity strategy.