| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 34th | Fair |
| Amenities | 71st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7509 Haskell Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1979 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7509 Haskell Ave Van Nuys Multifamily Investment
Neighborhood occupancy remains strong and renter demand is durable, according to WDSuite’s CRE market data, positioning this 30-unit asset for stable operations in a high-cost ownership pocket of Los Angeles.
This Inner Suburb neighborhood of Van Nuys carries a B rating and sits above the metro median (rank 591 out of 1,441 Los Angeles neighborhoods), indicating solid fundamentals for workforce and mid-market rentals. Neighborhood occupancy is high and has trended modestly higher over five years, supporting cash flow stability for well-managed assets.
Livability is reinforced by above-average access to daily needs: grocery, restaurants, pharmacies, and childcare density all score in the upper national percentiles. Park access is limited locally, so on-site amenities can help differentiate. Average public school ratings in the neighborhood are below metro and national norms, a consideration for resident mix and marketing strategy rather than a determinant of demand.
The neighborhood’s renter-occupied share is elevated, signaling a deep tenant base for multifamily. Elevated home values and a high value-to-income landscape within Los Angeles reinforce reliance on rentals, which can aid retention and pricing power for competitive product. At the same time, rent-to-income ratios indicate affordability pressure for some households, suggesting disciplined lease management is prudent.
Within a 3-mile radius, recent years show a slight population dip alongside growth in household counts and a reduction in average household size. Projections through 2028 continue this pattern with more households and smaller sizes, effectively expanding the renter pool even as population edges lower. Combined with an above-national neighborhood occupancy profile and strong per-unit NOI performance relative to national peers, these trends point to steady multifamily demand, based on commercial real estate analysis from WDSuite.
Safety indicators are comparatively favorable: this neighborhood ranks above the metro median (388 out of 1,441 Los Angeles neighborhoods) and sits in the top quartile nationally, indicating a relatively safer profile than many urban peers. Year-over-year trends also show sharp declines in both property and violent offense estimates, according to WDSuite’s data.
While localized conditions can vary block to block, the broader neighborhood trajectory suggests an improving environment that supports leasing, resident retention, and long-term positioning for professionally managed multifamily assets.
Proximity to established employers across life sciences, insurance, telecommunications, and media/entertainment supports a sizable commuter tenant base and aids retention for well-located workforce housing. The list below highlights nearby demand drivers by distance.
- 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 (8.5 miles)
- Disney — media & entertainment (9.3 miles) — HQ
7509 Haskell Ave is a 30-unit property built in 1979, which positions it for value-add through targeted renovations and system upgrades while competing against older neighborhood stock. Neighborhood occupancy is high with a multi-year upward trend, and renter-occupied housing is prevalent, indicating depth of tenant demand. Elevated ownership costs in Los Angeles tend to sustain multifamily reliance, while within a 3-mile radius, household growth and smaller household sizes point to a larger renter pool over time.
According to CRE market data from WDSuite, this neighborhood scores above the metro median and posts strong national percentiles in amenities, occupancy, and per-unit NOI, supporting an income-focused thesis with room for strategic upgrades. Management should balance pricing power with rent-to-income considerations and acknowledge below-average school ratings when positioning the asset.
- High neighborhood occupancy and rising five-year trend support steady leasing
- Deep renter-occupied housing base and high-cost ownership market underpin demand
- 1979 vintage offers value-add and systems modernization potential
- Risk: affordability pressure and below-average school ratings require careful pricing and marketing