| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7420 Woodman Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1974 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7420 Woodman Ave, Van Nuys Multifamily Investment
Positioned in an Urban Core pocket of Van Nuys with a high share of renter-occupied housing, the asset benefits from steady neighborhood occupancy and strong amenity access, according to WDSuite’s CRE market data.
The immediate neighborhood around 7420 Woodman Ave scores well for day-to-day convenience, with grocery, restaurant, café, and childcare density ranking in the top quartile nationally and grocery/childcare supply closer to the top decile. That amenity depth supports renter retention and reduces friction for workforce tenants.
Neighborhood fundamentals are competitive by regional standards, earning an A- rating and placing in the top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. Occupancy in the neighborhood tracks above the national median, signaling demand resilience even as leasing conditions normalize.
Housing dynamics favor multifamily demand: a high share of housing units are renter-occupied, indicating a deep tenant base and consistent leasing velocity. Meanwhile, elevated home values relative to incomes point to a high-cost ownership market, which tends to sustain reliance on rental housing and support pricing power for well-positioned assets.
Within a 3-mile radius, demographics show slight population contraction in recent years, while household counts increased and are projected to rise further as average household size trends lower. For investors, that shift typically expands the renter pool and supports occupancy stability, even if overall population growth is modest.
Rent levels in the neighborhood sit above national norms, and rents have trended upward over the past five years. This supports revenue potential but also warrants attention to rent-to-income ratios and renewal strategies to mitigate affordability pressure and maintain retention.
Safety indicators benchmark above national norms overall, with the neighborhood landing in the top quartile nationally for combined crime measures. Property and violent incident rates track around or better than national medians, and recent year-over-year declines in reported rates point to improving trends.
Investors should interpret these figures as neighborhood-level guideposts rather than block-level guarantees; comparisons are relative to neighborhoods nationwide and conditions can vary by street. Continued monitoring of local trendlines helps inform leasing assumptions and capital planning.
Proximity to major entertainment and corporate offices underpins renter demand through diverse white-collar employment and short commute options. Notable nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Farmers Insurance Exchange.
- Charter Communications — telecommunications (5.0 miles)
- Radio Disney — media (6.3 miles)
- Disney — entertainment (6.9 miles) — HQ
- Live Nation Entertainment — live entertainment (9.2 miles) — HQ
- Farmers Insurance Exchange — insurance (9.9 miles) — HQ
This 1974 vintage, 32-unit property sits in an amenity-rich, renter-heavy pocket of Van Nuys where occupancy trends remain solid relative to national benchmarks. Elevated ownership costs in the area reinforce rental demand, while household counts within a 3-mile radius have grown and are projected to continue rising as household sizes decline—factors that typically support a larger tenant base and steadier lease-up. Based on commercial real estate analysis from WDSuite, rents run above national norms, suggesting revenue potential for well-maintained assets.
Given its 1970s construction, investors should plan for targeted modernization and building systems updates, which can create value-add upside through interior renovations and curb-appeal improvements. Affordability pressure warrants proactive lease management to sustain retention, but strong amenity access and proximity to major employment nodes provide durable demand drivers.
- Amenity-dense Urban Core location supports retention and leasing velocity.
- Renter-occupied housing concentration indicates a deep tenant base.
- High-cost ownership market sustains rental demand and pricing power.
- 1974 vintage offers value-add potential via unit and systems upgrades.
- Risk: above-national rents and rent-to-income pressure require careful renewal strategy.