| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7507 Woodman Ave, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 34 |
| Transaction Date | 1998-12-16 |
| Transaction Price | $1,275,000 |
| Buyer | J & M INVESTMENT GROUP LLC |
| Seller | FINKEL MICHAEL |
7507 Woodman Ave Van Nuys Multifamily Investment
Neighborhood-level indicators point to stable renter demand and high occupancy in this Urban Core pocket of Van Nuys, according to WDSuite’s CRE market data. Metrics cited below reflect the surrounding neighborhood, not this specific property.
The surrounding neighborhood rates B+ and is competitive among Los Angeles-Long Beach-Glendale neighborhoods, with occupancy in the neighborhood holding in the upper range and trending modestly higher over five years. A renter-occupied share in the mid‑60% range signals a deep tenant base that can support leasing stability for a 34‑unit asset.
Proximity to daily needs is a strength: grocery and pharmacy density rank in the upper national percentiles, and cafes and restaurants are plentiful by Los Angeles standards. Park access is limited within the immediate neighborhood, which may modestly reduce appeal for outdoor‑amenity seekers, but it typically has limited impact on workforce-oriented renter demand.
Home values in the neighborhood sit in a high-cost ownership market relative to the nation, reinforcing reliance on multifamily housing and supporting pricing power when paired with prudent lease management. Neighborhood rent levels have risen over the past five years, while the rent-to-income ratio sits below many coastal submarkets, suggesting measured affordability pressure and potential for retention-focused renewal strategies.
For family-oriented demand, average school ratings trail national norms, which could temper appeal for some households. However, the 3-mile radius shows rising household counts and smaller average household sizes over time, expanding the pool of renters seeking smaller, well-located units. The asset’s 1986 vintage is newer than the neighborhood’s average construction year (1979), providing a relative competitive edge versus older stock, while leaving room for targeted renovations to refresh interiors and common areas.
Safety indicators compare favorably at the national level, with the neighborhood landing in the upper quartile of safer areas nationwide based on crime measures. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area is competitive, indicating relatively better safety positioning than many peer neighborhoods.
Recent trend data also show notable improvement, with both property and violent offense estimates declining year over year. While conditions can vary block to block, the directional trend supports leasing stability and resident retention when combined with professional onsite management.
The area benefits from a diverse employment base spanning media, entertainment, telecommunications, and corporate services, supporting commuter convenience and a steady renter pipeline from nearby offices including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, Thermo Fisher Scientific, Activision Blizzard Studios, Farmers Insurance Exchange, and Occidental Petroleum.
- Charter Communications — telecommunications (5.0 miles)
- Radio Disney — media (6.34 miles)
- Disney — media & entertainment (7.0 miles) — HQ
- Live Nation Entertainment — entertainment (8.84 miles)
- Thermo Fisher Scientific — life science tools (9.52 miles)
- Activision Blizzard Studios — gaming & entertainment (9.77 miles)
- Farmers Insurance Exchange — insurance (9.90 miles) — HQ
- Occidental Petroleum — energy (10.18 miles) — HQ
7507 Woodman Ave offers a 34‑unit footprint in a neighborhood with strong renter concentration and historically high occupancy, supporting durable cash flow potential. Based on commercial real estate analysis supported by CRE market data from WDSuite, the surrounding area shows high-cost ownership dynamics that reinforce multifamily demand, while rent levels and a relatively moderate rent-to-income backdrop favor retention-oriented pricing.
The 1986 construction is newer than the neighborhood average, positioning the asset competitively versus older stock and creating optionality for targeted value-add—such as interior updates or common-area enhancements—to capture turn premiums. Within a 3‑mile radius, household counts have increased historically and are projected to expand further even as average household sizes decline, pointing to a broader renter pool for smaller units and supporting occupancy stability over the long term.
- High neighborhood occupancy and strong renter concentration support leasing stability.
- 1986 vintage offers competitive positioning with scope for targeted value-add.
- High-cost ownership market reinforces multifamily demand and renewal potential.
- 3-mile household growth and smaller household sizes expand the tenant base for smaller units.
- Risks: below-average local school ratings and limited park access; maintain conservative underwriting and active management.