| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 67th | Good |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 23150 Avenue San Luis, Woodland Hills, CA, 91364, US |
| Region / Metro | Woodland Hills |
| Year of Construction | 1991 |
| Units | 113 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
23150 Avenue San Luis Woodland Hills Multifamily Investment
This 113-unit property built in 1991 sits in a high-income Woodland Hills neighborhood where median household incomes exceed $156,000, with commercial real estate analysis from WDSuite indicating strong tenant fundamentals and occupancy stability above 93%.
The Woodland Hills neighborhood ranks in the top quartile nationally for housing metrics among 1,491 metro neighborhoods, with median household incomes of $156,790 representing the 95th percentile nationwide. Within a 3-mile radius, demographics show 90,759 residents with mean household incomes of $178,822, supporting sustained rental demand. The area maintains 93.7% occupancy rates with median contract rents of $2,739, positioning well above metro averages.
Built in 1991, this property aligns with the neighborhood's average construction vintage of 1987, indicating consistent building stock without immediate capital expenditure pressures typical of older assets. The 26.6% share of renter-occupied housing units creates a stable tenant pool, while high home values at $1.25 million median reinforce rental demand as ownership costs remain elevated for most households.
Amenity access includes 1.68 parks per square mile (92nd percentile nationally) and restaurant density of 8.4 per square mile, supporting tenant retention through lifestyle appeal. The neighborhood's B+ rating reflects strong fundamentals across housing, demographics, and safety metrics, with childcare density at 0.84 per square mile serving families in this inner suburb location.
Demographic projections through 2028 show household growth of 36% and median income increases to $172,148, expanding the qualified renter pool. Population growth of 5.1% over the next five years, combined with forecast rent growth to $3,297 median, indicates sustained multifamily demand in this established San Fernando Valley submarket.
Safety metrics position this Woodland Hills neighborhood favorably, ranking 62nd among 1,441 metro neighborhoods for overall crime (88th percentile nationally). Violent crime rates of 3.2 per 100,000 residents place the area in the top decile regionally, with year-over-year violent crime declining 96.6%.
Property crime rates at 113.3 per 100,000 residents rank in the upper half of metro neighborhoods (65th percentile nationally), with notable improvement as property crime decreased 82.1% over the past year. These trends support tenant retention and leasing velocity in an area where safety concerns remain minimal compared to broader Los Angeles County averages.
The Woodland Hills employment corridor features several major corporate headquarters and offices within commuting distance, anchoring workforce demand for rental housing in the immediate area.
- Farmers Insurance Exchange — insurance headquarters (2.4 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (2.5 miles)
- Thermo Fisher Scientific — life sciences offices (4.1 miles)
- Occidental Petroleum — energy headquarters (12.9 miles) — HQ
- Abbott Laboratories — healthcare headquarters (13.8 miles) — HQ
This 113-unit Woodland Hills property offers exposure to one of Los Angeles County's strongest rental fundamentals, with neighborhood occupancy at 93.7% and household incomes in the 95th percentile nationally. The 1991 construction vintage aligns with area norms while avoiding near-term capital expenditure cycles common in older assets. CRE market data from WDSuite confirms the neighborhood's B+ rating reflects consistent performance across housing, demographics, and safety metrics.
Demographic projections show household growth of 36% through 2028, with median incomes rising to $172,148, expanding the qualified tenant base substantially. High home values at $1.25 million median reinforce rental demand as ownership remains cost-prohibitive for most area households. The location benefits from proximity to major employers including Farmers Insurance headquarters and Thermo Fisher Scientific offices within 2.5 miles.
- Strong occupancy stability at 93.7% with above-metro rental rates
- Top-quartile neighborhood fundamentals among 1,441 metro areas
- Projected 36% household growth expanding tenant pool through 2028
- High ownership costs at $1.25M median sustain rental demand
- Monitor potential ownership competition as income growth outpaces rent increases