| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 54th | Good |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6560 Winnetka Ave, Woodland Hills, CA, 91367, US |
| Region / Metro | Woodland Hills |
| Year of Construction | 1989 |
| Units | 25 |
| Transaction Date | 2016-12-20 |
| Transaction Price | $4,288,000 |
| Buyer | RANCHO DEL VALLE PRESERVATION LP |
| Seller | RANCHO DEL VALLE HOUSING CORPORATION |
6560 Winnetka Ave Woodland Hills Multifamily Investment
Positioned in a high-cost ownership pocket of Los Angeles County, this 25-unit asset benefits from a deep renter base and steady neighborhood occupancy, according to CRE market data from WDSuite. The area s fundamentals favor lease retention and measured rent growth over time.
The property sits within an Urban Core neighborhood in Woodland Hills that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 491 of 1,441; B+ rating). Grocery, pharmacy, and dining access compare favorably to national norms, while park and caf e9 density is limited within the immediate neighborhood cluster.
Neighborhood occupancy is in the top quartile nationally, supporting cash flow stability for multifamily operators. Renter-occupied share of housing units is elevated, indicating a broad tenant base and consistent leasing velocity for appropriately positioned product.
Home values sit near the top of national comparisons, creating a high-cost ownership market that reinforces reliance on rental housing and supports pricing power for well-maintained communities. At the same time, rent-to-income levels are comparatively manageable in this neighborhood context, which can aid retention and reduce turnover risk.
Within a 3-mile radius, demographics show modest recent population growth alongside an increase in households, with WDSuite data indicating a trend toward smaller household sizes. Looking forward, projections call for a potential dip in total population but additional household growth, which can expand the renter pool even as household sizes decline a setup that supports occupancy stability for appropriately priced units.
The average neighborhood construction year is 1968, while this asset s 1989 vintage positions it newer than much of the local stock. That relative vintage can enhance competitive standing versus older properties, though investors should still plan for targeted modernization to systems and interiors to meet current renter expectations.
Neighborhood safety indicators, measured against areas nationwide, place this location in the top quartile, according to WDSuite s CRE market data. Recent estimates also show notable one-year declines in both property and violent offense rates, suggesting improving conditions versus prior periods.
As with any urban Los Angeles submarket, conditions can vary by block, so investors should pair these comparative trends with on-the-ground observation and standard risk management practices.
Proximity to a diversified employment base including life sciences, insurance, energy, engineering, and entertainment supports renter demand and commute convenience for workforce households.
- Thermo Fisher Scientific life sciences (1.6 miles)
- Farmers Insurance Exchange insurance (1.8 miles) HQ
- Occidental Petroleum energy (11.6 miles) HQ
- AECOM engineering & infrastructure (12.6 miles) HQ
- Live Nation Entertainment entertainment (12.7 miles) HQ
This 1989-vintage, 25-unit community aligns with Woodland Hills renter-driven dynamics: neighborhood occupancy sits in the top quartile nationally, renter concentration is high, and elevated ownership costs sustain demand for multifamily housing. Based on commercial real estate analysis from WDSuite, the immediate area s amenities skew toward daily needs (grocers and pharmacies), which can aid retention despite limited park and caf e9 density.
Within a 3-mile radius, households have increased and are projected to keep rising even if total population moderates, implying smaller household sizes and a broader pool of prospective renters. Relative to the neighborhood s older average vintage, the asset s 1989 construction can compete well with older stock; selective renovations and system upgrades may unlock value-add upside while supporting durable occupancy.
- Occupancy in the top quartile nationally supports stable cash flow
- High renter-occupied housing share indicates depth of tenant demand
- High-cost ownership market reinforces pricing power for quality units
- 1989 vintage is newer than neighborhood average, with targeted value-add potential
- Risks: limited park/caf e9 density and potential population softening warrant prudent underwriting