| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 34th | Fair |
| Amenities | 71st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7342 Haskell Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | 2021-09-08 |
| Transaction Price | $2,815,000 |
| Buyer | MARTE LLC |
| Seller | LAKE BALBOA MIDRISE APARTMENTS LLC |
7342 Haskell Ave Van Nuys Multifamily Investment
Neighborhood occupancy is resilient with a deep renter base that supports stable leasing, based on CRE market data from WDSuite for this Van Nuys inner-suburb location.
Located in an inner-suburb pocket of Van Nuys (Los Angeles metro), the neighborhood rates B overall and is above the metro median (rank 591 out of 1,441 neighborhoods). Amenity access is a strength: grocery, restaurants, pharmacies, and childcare density sit in higher national percentiles, supporting renter appeal and day-to-day convenience.
For investors, the key demand signal is renter concentration: the neighborhood has a high share of renter-occupied housing, indicating a broad tenant base and useful depth for lease-up and renewals. According to CRE market data from WDSuite, neighborhood multifamily occupancy trends in the top quintile nationally, reinforcing expectations for steady absorption rather than episodic vacancy swings.
Property vintage also supports competitive positioning. The asset was built in 1986, newer than the neighborhood’s average 1977 construction year. That can help versus older stock while still warranting targeted capital planning for aging systems or modernization to meet current renter expectations.
Within a 3-mile radius, households have increased even as population has edged down, pointing to smaller average household sizes and a larger renter pool over time. Median home values are elevated relative to national norms, and the neighborhood’s value-to-income profile sits in the top decile nationally, which tends to sustain reliance on rental housing and can aid tenant retention. At the same time, rent-to-income indicators suggest affordability pressure, making thoughtful pricing and renewal management important.
Two considerations to monitor: average school ratings in this neighborhood fall below national norms, and park access is limited in the immediate area. Neither is determinative for performance, but both can influence certain renter cohorts and marketing positioning.
Compared with U.S. neighborhoods, the area’s overall crime profile sits in the stronger tier (around the 75th percentile nationally). Violent offense indicators track modestly above the national midpoint, while recent year-over-year trends show notable improvement in property offenses. Within the Los Angeles metro’s 1,441 neighborhoods, this places the area competitive among peers and above the metro median.
Crime conditions vary by block and over time; investors typically underwrite at the neighborhood level and confirm micro-location dynamics through site visits and local data.
Nearby corporate offices contribute to a diversified employment base and commuter convenience that supports renter demand and retention, including roles in life sciences, insurance, media, and telecommunications.
- Thermo Fisher Scientific — life sciences (7.1 miles)
- Farmers Insurance Exchange — insurance (7.4 miles) — HQ
- Charter Communications — telecommunications (7.5 miles)
- Radio Disney — media (8.4 miles)
- Disney — media and entertainment (9.2 miles) — HQ
7342 Haskell Ave is a 21-unit, 1986-vintage asset positioned in a renter-heavy Van Nuys neighborhood where amenity density and elevated home values underpin durable apartment demand. According to CRE market data from WDSuite, neighborhood occupancy trends are consistently strong versus national benchmarks, and the property’s vintage is newer than the local average, offering a competitive edge against older comparables while still allowing selective value-add through systems and finish updates.
Within a 3-mile radius, household counts have increased and are projected to continue rising even as population moderates, suggesting smaller household sizes and continued renter pool expansion. Diversified nearby employers in insurance, media, life sciences, and telecom further support leasing stability. Key items to underwrite include rent-to-income affordability pressure, school quality perceptions, and limited park access, which can be addressed through amenity programming and thoughtful pricing strategy.
- High renter concentration and above-median neighborhood occupancy support steady absorption and retention.
- 1986 vintage is newer than the neighborhood average, enabling competitive positioning with targeted value-add potential.
- Elevated ownership costs locally reinforce reliance on rental housing, aiding pricing power when paired with careful lease management.
- Proximity to diversified employers (insurance, media, life sciences, telecom) supports tenant demand and retention.
- Risks: affordability pressure, below-average school ratings, and limited park access may influence renter preferences and should inform underwriting.