| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 28th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7365 Lennox Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1985 |
| Units | 38 |
| Transaction Date | 1997-10-14 |
| Transaction Price | $950,000 |
| Buyer | COAST FEDERAL BANK FSB |
| Seller | WANG FRANCIS |
7365 Lennox Ave, Van Nuys Multifamily Investment
Neighborhood renter concentration and stable occupancy suggest durable tenant demand, according to WDSuite’s CRE market data. Position within Los Angeles offers broad renter reach while supporting day-to-day convenience for residents.
The property sits in an Urban Core pocket of Van Nuys with a neighborhood rating of B-. Neighborhood occupancy is reported at 95.1% (neighborhood-level, not property-specific), indicating generally steady leasing conditions relative to many Los Angeles submarkets based on CRE market data from WDSuite. The area ranks 830 out of 1,441 Los Angeles metro neighborhoods, placing it around the metro midpoint.
Local amenities tilt toward daily needs: grocery and pharmacy access score in the high national percentiles, while restaurants are also dense. By contrast, cafes and park space register as limited, which may affect lifestyle appeal but does not materially diminish access to essentials for renters.
Tenure data points to a deep renter base: 65.8% of housing units are renter-occupied at the neighborhood level. For multifamily investors, this indicates a broad pool of prospective tenants and potential demand stability across cycles. Neighborhood NOI per unit trends sit in the upper tiers nationally, suggesting competitive operating performance benchmarks for comparable assets.
Within a 3-mile radius, demographics show a modest population contraction alongside an increase in households and a projected rise in household counts with smaller average household sizes. For investors, this pattern can expand the renter pool as more, smaller households seek apartments, supporting occupancy and leasing velocity over time.
Ownership costs are elevated relative to incomes in the neighborhood, reinforcing reliance on rental housing and often supporting tenant retention. However, rent-to-income levels imply affordability pressure that warrants careful lease management and renewal strategies.
Vintage context: the property was built in 1985, newer than the neighborhood’s average construction year (1975). This positioning can be competitively favorable versus older stock, while still inviting selective modernization or systems upgrades as part of capital planning and value-add execution.
Neighborhood safety indicators compare favorably in a metro context. The area’s crime rank is 178 out of 1,441 Los Angeles metro neighborhoods, which is competitive among Los Angeles neighborhoods. Nationally, safety metrics trend in the stronger half of neighborhoods, with overall crime in the 82nd percentile and violent offense indicators near the 74th percentile.
Recent trend data signals improvement: estimated property and violent offense rates have declined year over year at the neighborhood level. These are neighborhood-wide statistics and may not reflect block-level conditions, but the direction supports a constructive, medium-term view for tenant retention and leasing stability.
Proximity to major employers supports workforce housing demand and commute convenience, notably Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Farmers Insurance Exchange. This concentration of corporate offices within a 6–9 mile band can underpin leasing durability for nearby multifamily assets.
- Charter Communications — corporate offices (5.8 miles)
- Radio Disney — corporate offices (6.9 miles)
- Disney — corporate offices (7.7 miles) — HQ
- Thermo Fisher Scientific — corporate offices (8.7 miles)
- Farmers Insurance Exchange — corporate offices (9.1 miles) — HQ
7365 Lennox Ave offers 38 units built in 1985 with efficient average unit sizes that can appeal to cost-conscious renters. Neighborhood data points to strong renter-occupied share and steady occupancy, while elevated ownership costs in Los Angeles tend to sustain reliance on rental housing. According to commercial real estate analysis from WDSuite, comparable neighborhood metrics on NOI per unit and amenity access are supportive for long-term operations.
Forward-looking household trends within a 3-mile radius indicate more, smaller households over time, which can expand the tenant base and support occupancy stability. Given the 1985 vintage, targeted renovations or systems updates could unlock value-add potential relative to older competing stock, balanced against careful rent-to-income and retention management.
- Renter-heavy neighborhood with stable occupancy supporting consistent leasing
- Elevated ownership costs in the area reinforce multifamily demand
- 1985 vintage suggests relative competitiveness with selective value-add upside
- Nearby corporate employers help underpin tenant demand and retention
- Key risks: affordability pressure (rent-to-income), limited parks/cafes, and modest population decline