| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 55th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22501 Del Valle St, Woodland Hills, CA, 91364, US |
| Region / Metro | Woodland Hills |
| Year of Construction | 1989 |
| Units | 32 |
| Transaction Date | 1997-09-16 |
| Transaction Price | $2,162,000 |
| Buyer | ROJANY AVI |
| Seller | DEL GREEN I L P |
22501 Del Valle St Woodland Hills Multifamily Investment
Positioned in a high-demand Woodland Hills neighborhood, the asset benefits from stable neighborhood occupancy and a deep renter pool. According to WDSuite’s commercial real estate analysis, elevated ownership costs in the area support sustained multifamily retention and pricing discipline.
Woodland Hills’ neighborhood fundamentals are attractive for multifamily: the area ranks 291 out of 1,441 Los Angeles neighborhoods (A- rating), placing it in the top quartile locally, and its amenities profile tests strong nationally. Cafes, grocers, pharmacies, and restaurants each sit around the 95th percentile nationwide, indicating daily convenience that helps support leasing velocity and resident retention, based on CRE market data from WDSuite.
The property’s 1989 vintage is newer than the neighborhood’s average construction year (1969). That relative age can provide competitive positioning versus older stock, while investors should still plan for modernization of aging systems or value-add interior upgrades to meet current renter expectations.
Within a 3-mile radius (aggregated demographic statistics), the area has experienced population and household growth with a rising share of higher-income households. A roughly 47% renter-occupied housing mix indicates a substantial tenant base, which supports demand depth and occupancy stability for professionally managed multifamily assets.
Pricing dynamics favor rentals: neighborhood median contract rents are high by national standards (upper percentiles), while home values are also elevated (near the top nationally). In high-cost ownership markets like this, renters often remain in multifamily longer, reinforcing lease retention and limiting turnover risk. Neighborhood NOI per unit benchmarks also sit in the national top quartile, pointing to revenue potential if operations are well executed.
Neighborhood safety metrics compare favorably in context. The area scores around the 79th percentile for safety nationally, which is top quartile, and is competitive among Los Angeles neighborhoods (ranked 277 out of 1,441). Recent estimates indicate notable year-over-year declines in both property and violent offense rates, suggesting an improving trend rather than a spike-driven shift.
Investors should assess block-level conditions during diligence, but at the neighborhood scale the comparative data indicate a stable operating environment that supports resident retention and predictable operations.
Proximity to diversified employers underpins renter demand and commute convenience, with nearby insurance, life sciences, energy, engineering, and healthcare products offices forming a broad white-collar employment base.
- Farmers Insurance Exchange — insurance (1.5 miles) — HQ
- Thermo Fisher Scientific — life sciences (1.5 miles)
- Occidental Petroleum — energy (12.4 miles) — HQ
- AECOM — engineering & infrastructure (13.7 miles) — HQ
- Abbott Laboratories — healthcare products (13.7 miles) — HQ
This 32-unit asset with larger average floorplans (about 883 sq. ft.) aligns with Woodland Hills’ renter profile and amenity-rich setting. The neighborhood shows strong daily conveniences and a high-cost ownership landscape, which typically sustains multifamily demand and supports pricing power. According to CRE market data from WDSuite, neighborhood occupancy and income benchmarks are above national averages, and NOI per unit performance trends in the national top quartile, indicating a supportive backdrop for consistent operations.
Built in 1989, the property is newer than much of the local stock, offering relative competitiveness while leaving room for targeted renovations and systems updates to capture value-add upside. Demographic statistics aggregated within a 3-mile radius point to population and household growth and a sizable renter-occupied share, reinforcing a durable tenant base and lease-up resiliency.
- Amenity-rich neighborhood with national top-quartile convenience supporting leasing and retention
- High-cost ownership market reinforces renter reliance on multifamily and pricing discipline
- 1989 vintage offers competitive positioning with potential value-add via modernization
- 3-mile demographics show growth and a substantial renter-occupied share, supporting demand depth
- Risk: Limited nearby park acreage and an older regional stock may require amenity activation and capex planning