| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 30th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8056 Langdon Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1972 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8056 Langdon Ave Van Nuys Value-Add Multifamily
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this asset for stable operations with potential to enhance income through targeted upgrades.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood shows top quartile nationally occupancy performance and is ranked competitive among 1,441 metro neighborhoods for housing fundamentals. Elevated renter concentration at the neighborhood level indicates a sizable base of renter-occupied units, which supports leasing velocity and renewal prospects for multifamily owners.
Amenity access is a relative strength: cafes, restaurants, groceries, and pharmacies are available at densities that rank high both metro-wide and nationally, while parks and childcare options are comparatively limited. For investors, this mix points to urban convenience that can aid retention, with an opportunity to position amenities and on-site services to offset the softer family-oriented infrastructure.
Home values in the neighborhood sit in a high-cost ownership market (top decile nationally), which tends to reinforce reliance on multifamily housing and can sustain pricing power when managed carefully. Rent levels have risen over the past five years, so underwriting should incorporate affordability pressure and proactive lease management rather than assume outsized increases.
Demographic statistics aggregated within a 3-mile radius show households have grown and are projected to continue increasing, even as population trends remain flat to modestly down — signaling smaller household sizes and a larger renter pool over time. This dynamic generally supports occupancy stability and depth of demand for well-managed properties.
The property’s 1972 vintage is slightly older than the neighborhood average (1976). That age profile suggests planning for systems modernization and interior upgrades, with potential value-add upside relative to newer competitive stock.
Safety indicators are comparatively favorable: the neighborhood ranks strong versus many Los Angeles metro peers (1,441 neighborhoods) and falls in the higher national percentiles for safety — effectively top quartile nationally. Recent data also reflects notable year-over-year improvements in both violent and property offense trends, which supports renter retention and lowers operational friction for on-site teams.
Investors should still underwrite standard security and lighting enhancements typical of urban core assets, but the comparative trajectory and standing against national peers are constructive for multifamily performance.
Proximity to major employers in telecommunications, life sciences, insurance, and media/entertainment supports a broad commuter tenant base and can aid lease stability and renewals. Nearby anchors include Charter Communications, Thermo Fisher Scientific, Farmers Insurance Exchange, Radio Disney, and Disney.
- Charter Communications — telecommunications offices (7.2 miles)
- Thermo Fisher Scientific — life sciences offices (7.7 miles)
- Farmers Insurance Exchange — insurance services (7.98 miles) — HQ
- Radio Disney — media offices (8.5 miles)
- Disney — entertainment studios (9.2 miles) — HQ
This 38-unit asset offers a straightforward value-add path in a high-demand Van Nuys location. Neighborhood occupancy is in the top national quartile, and renter concentration at the neighborhood level is high, indicating a deep tenant base and dependable leasing. Elevated neighborhood home values point to a high-cost ownership market, which tends to sustain multifamily demand and supports pricing power when balanced against rent-to-income considerations. Based on CRE market data from WDSuite, amenity density is strong (food, grocery, pharmacy), while limited parks/childcare point to positioning opportunities for on-site programming.
The 1972 construction suggests planning for building systems and interior upgrades. Within a 3-mile radius, households have expanded and are projected to grow further even as population edges down, implying smaller household sizes and a gradually expanding renter pool. Net of these dynamics, the thesis centers on durable occupancy with operational upside through renovations and thoughtful lease management.
- Occupancy strength and high neighborhood renter-occupied share support leasing stability.
- High-cost ownership context reinforces multifamily demand and retention potential.
- 1972 vintage offers value-add potential via systems and interior upgrades.
- Strong amenity access (food, grocery, pharmacy) enhances livability near urban jobs.
- Risks: affordability pressure and limited parks/childcare require prudent lease and amenity strategy.