| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 34th | Fair |
| Amenities | 71st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7317 Haskell Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 54 |
| Transaction Date | 2018-08-03 |
| Transaction Price | $9,650,000 |
| Buyer | HSR Management Inc. |
| Seller | Lion Real Estate Group |
7317 Haskell Ave Van Nuys Multifamily Investment
This 54-unit property from 1977 operates in a neighborhood with strong occupancy fundamentals and high renter concentration. According to CRE market data from WDSuite, the area maintains 96.7% occupancy rates with 76.8% of housing units serving rental tenants.
This Van Nuys neighborhood demonstrates solid rental market fundamentals with 96.7% occupancy rates ranking in the 81st percentile nationally. The area's housing stock averages 1977 construction, matching the subject property's vintage and indicating consistent capital planning needs across the local inventory. With 76.8% of housing units serving renters—ranking in the top 2% nationally—the neighborhood maintains deep rental demand that supports occupancy stability.
Demographics within a 3-mile radius show a mature renter base with median household income of $71,670, though rent-to-income ratios suggest affordability pressures that require careful lease management. The area's amenity infrastructure includes 2.61 grocery stores per square mile and strong restaurant density, supporting tenant retention through convenience access.
Median home values of $610,405 with 31% five-year appreciation reinforce rental demand by keeping ownership costs elevated relative to local incomes. This dynamic sustains multifamily housing reliance among area households, though investors should monitor renewal rates given the rent-to-income considerations affecting tenant retention.
The neighborhood's crime metrics rank in the 75th percentile nationally among Los Angeles metro neighborhoods, indicating above-average safety conditions. Property offense rates have declined significantly over the past year, with an 83.8% reduction ranking in the 98th percentile for improvement trends nationwide.
Violent crime rates remain relatively low at 22.6 incidents per 100,000 residents, with recent data showing a 95.5% year-over-year decline. These improving safety trends support tenant retention and can strengthen the property's competitive positioning within the Van Nuys submarket.
The property benefits from proximity to major corporate employers across entertainment, insurance, and technology sectors that anchor regional employment demand.
- Thermo Fisher Scientific — life sciences technology (7.0 miles)
- Farmers Insurance Exchange — insurance services (7.4 miles) — HQ
- Charter Communications — telecommunications (7.5 miles)
- Radio Disney — entertainment media (8.4 miles)
- Disney — entertainment conglomerate (9.2 miles) — HQ
This 54-unit property from 1977 operates within a neighborhood demonstrating exceptional rental demand fundamentals. The area's 96.7% occupancy rate and 76.8% renter concentration—both ranking in top national percentiles—indicate stable tenant demand that supports consistent cash flows. Commercial real estate analysis shows the property's vintage aligns with neighborhood averages, creating opportunities for value-add improvements while benefiting from established rental market dynamics.
Demographics within a 3-mile radius project household growth of 30.6% over five years, expanding the potential tenant base while median incomes are forecast to rise 45.6%. However, rent-to-income ratios suggest affordability considerations that require active lease management and competitive positioning relative to area alternatives.
- Neighborhood occupancy ranks 81st percentile nationally with 96.7% rates
- Exceptional renter concentration at 76.8% of housing units
- Projected 30.6% household growth over five years
- 1977 vintage creates value-add renovation opportunities
- Risk: Rent-to-income ratios require careful lease management strategies