| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7350 Hazeltine Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1974 |
| Units | 44 |
| Transaction Date | 2020-08-24 |
| Transaction Price | $8,019,000 |
| Buyer | VACHI INVESTMENTS TEXAS LLC |
| Seller | NEWPORT INVESTMENTS LLC |
7350 Hazeltine Ave Van Nuys Multifamily Investment
Neighborhood occupancy is competitive among Los Angeles neighborhoods and supported by a sizable renter base, according to WDSuite’s CRE market data. Positioning focuses on durable renter demand and lease retention rather than outsized rent growth.
This Urban Core pocket of Van Nuys scores a B+ and ranks 524 out of 1,441 Los Angeles metro neighborhoods, placing it above the metro median. Amenity access is a strength: grocery, restaurant, cafe, and pharmacy densities sit in the upper national percentiles, helping support day-to-day convenience for renters and reinforcing leasing velocity.
Multifamily fundamentals are solid. Neighborhood occupancy is in the upper national tier (78th percentile) and competitive among Los Angeles neighborhoods (rank 572 of 1,441), while median contract rents benchmark in the 81st percentile nationally. The share of housing units that are renter-occupied is in the mid-60% range (96th percentile nationally), indicating a deep tenant pool and demand resilience for professionally managed product.
Construction vintage in the area averages late-1970s; this property’s 1974 delivery is slightly older than the neighborhood norm, which points to potential value-add via unit renovations, systems upgrades, and common-area modernization to stay competitive against newer stock. Average school ratings are below national mid-point, which can matter for family-oriented leasing, but strong amenity access helps offset lifestyle needs.
Within a 3-mile radius, households have grown despite a modest population contraction, and forecasts show additional household increases alongside smaller average household sizes. For multifamily owners, that dynamic typically expands the renter pool and supports occupancy stability. Home values are elevated for the region (high national percentile for value-to-income), which tends to sustain renter reliance on multifamily housing and can aid renewal capture and pricing discipline.
Safety indicators compare favorably in a regional and national context. The neighborhood’s overall crime rank sits in the stronger half of Los Angeles, at 295 out of 1,441 neighborhoods, and lands around the upper quartile nationally. Recent trend data also points to notable year-over-year improvement in both property and violent offense estimates, signaling constructive momentum rather than deterioration.
Investors should frame safety as part of broader leasing and retention strategy: comparative positioning versus the metro is positive, and the national standing is above average, but continued property-level measures and lighting/visibility improvements can help sustain resident confidence and protect operating performance.
Proximity to established corporate offices underpins workforce renter demand, with convenient commutes to telecom, media, entertainment, and life sciences employers noted below.
- Charter Communications — telecom (5.5 miles)
- Radio Disney — media network (6.6 miles)
- Disney — media & entertainment (7.4 miles) — HQ
- Thermo Fisher Scientific — life sciences (9.0 miles)
- Live Nation Entertainment — live events & entertainment (9.3 miles) — HQ
7350 Hazeltine Ave offers exposure to a renter-centric, amenity-rich Van Nuys location where occupancy runs competitive across Los Angeles neighborhoods and median rents benchmark above national norms. Elevated ownership costs in the area reinforce reliance on multifamily housing, supporting retention and pricing discipline, while nearby employment centers provide a stable commuter tenant base. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share sits in the mid-60% range and occupancy performance is in the upper national tier—both constructive for cash flow durability.
Built in 1974, the asset is slightly older than the late‑1970s neighborhood average, suggesting clear value-add pathways through interior modernization and building systems upgrades to improve competitive positioning. Within a 3-mile radius, household counts are rising and are projected to continue increasing even as average household sizes decline—trends that typically expand the renter pool and support ongoing absorption. Key watch items include below-average school ratings and limited park access, which may influence family renter appeal, and continued attention to affordability pressure in renewal strategies.
- Occupancy competitive across Los Angeles and nationally above average, supporting stable collections
- Renter-occupied share in the mid-60% range indicates strong tenant base depth
- 1974 vintage enables value-add via interior updates and systems modernization
- Elevated ownership costs in the area sustain rental demand and renewal capture
- Risks: below-average school ratings, limited park access, and affordability pressure requiring thoughtful lease management