| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 30th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8204 Langdon Ave, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8204 Langdon Ave, Van Nuys Multifamily Investment
Neighborhood fundamentals point to resilient renter demand and high occupancy, according to WDSuite’s CRE market data, with pricing power supported by a high-cost ownership landscape in the Los Angeles metro.
This Urban Core pocket of Van Nuys offers day-to-day convenience that supports leasing velocity and retention. Cafes, restaurants, groceries, and pharmacies are dense for the metro, with cafes and restaurants ranking in the upper tier nationally and indicating strong foot-traffic and service access compared with many Los Angeles-Long Beach-Glendale, CA neighborhoods.
Neighborhood occupancy is strong (ranked 130 out of 1,441 metro neighborhoods), placing it in the top decile locally and the upper percentiles nationally. A high share of renter-occupied housing units (ranked 44 of 1,441; top percentile nationally) signals a deep tenant base — a positive for multifamily absorption and day-one demand depth.
Home values sit in the higher ranges for the region (national percentile ~93), creating a high-cost ownership market that tends to sustain reliance on rentals and can reinforce pricing power and lease retention for well-managed assets. Median contract rents are also above many U.S. neighborhoods (national percentile ~77), aligning with the area’s amenity access and location fundamentals.
Within a 3-mile radius, households have increased while average household size has edged down, and forecasts indicate further household growth alongside smaller household sizes. This combination can expand the renter pool and support occupancy stability even as population trends ebb, based on commercial real estate analysis from WDSuite. Note: neighborhood childcare facilities and park access measure lower in the metro context, which may shape the resident mix toward adult and workforce households.
Safety indicators compare favorably versus many Los Angeles metro neighborhoods. Crime measures score in higher national percentiles (safer relative to U.S. neighborhoods), and the neighborhood’s crime standing is competitive locally. Recent year-over-year trends show a pronounced decline in both violent and property offense estimates, suggesting improving conditions rather than deterioration.
As always, investors should evaluate asset-level security features and block-level context, but the broader trajectory points to stability that can support tenant retention and leasing consistency.
Proximity to regional employers in telecom, life sciences, media, and insurance supports a broad commuter tenant base and underpins weekday demand and lease retention for workforce-oriented units. The following nearby employers anchor that employment base:
- Charter Communications — telecom (7.3 miles)
- Thermo Fisher Scientific — life sciences (7.7 miles)
- Farmers Insurance Exchange — insurance (8.0 miles) — HQ
- Radio Disney — media (8.7 miles)
- Disney — entertainment (9.4 miles) — HQ
8204 Langdon Ave benefits from strong neighborhood occupancy and a deep renter base, with renter-occupied housing share among the highest in the metro. Elevated home values in this part of Los Angeles reinforce renter reliance on multifamily housing, supporting rent levels and lease retention for well-maintained assets. Amenities are plentiful (cafes, restaurants, groceries, pharmacies), which helps sustain demand and reduces frictions in daily living for residents.
Within a 3-mile radius, households have grown and are projected to expand further as average household size declines — a pattern that typically enlarges the renter pool and supports occupancy stability. Meanwhile, safety metrics have trended in a positive direction year over year. According to CRE market data from WDSuite, neighborhood rents sit above many U.S. areas while remaining supported by the local income mix, suggesting potential for disciplined revenue management rather than reliance on aggressive assumptions.
- Strong neighborhood occupancy and deep renter concentration support absorption and retention
- High-cost ownership market sustains demand for rentals and underpins pricing power
- Amenity-rich location (food, grocery, pharmacy) enhances livability and leasing velocity
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risk: Limited nearby parks/childcare and a mixed macro backdrop warrant conservative underwriting and focus on retention