| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 74th | Best |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6750 Glade Ave, Woodland Hills, CA, 91303, US |
| Region / Metro | Woodland Hills |
| Year of Construction | 1984 |
| Units | 28 |
| Transaction Date | 2021-11-08 |
| Transaction Price | $8,650,000 |
| Buyer | 6750 GLADE AVE LLC |
| Seller | GLADE REGENCY LLC |
6750 Glade Ave, Woodland Hills Multifamily Investment
Positioned in a high-amenity Los Angeles submarket with a deep renter base, this asset benefits from strong neighborhood fundamentals and a high-cost ownership market, according to WDSuite’s CRE market data. Expect steady renter demand with leasing performance tied to active management and product positioning.
The property sits in an Urban Core pocket of Woodland Hills that ranks competitively among 1,441 Los Angeles metro neighborhoods (A-rated overall). Amenity density is a standout: restaurants, cafes, groceries, pharmacies, parks, and childcare options are all in high national percentiles, supporting daily convenience and renter appeal. These local dynamics typically help with retention and reduce friction during lease-ups.
Neighborhood tenant depth is meaningful: roughly two-thirds of housing units are renter-occupied, indicating a sizable renter pool and ongoing demand for multifamily product. Within a 3-mile radius, population has grown modestly and households have increased, pointing to a larger tenant base over time; forward projections call for additional household gains, which can support occupancy stability and pricing power.
Ownership costs in the area are elevated relative to incomes, and home values sit well above national benchmarks. For investors, this high-cost ownership market tends to reinforce reliance on rental housing and can support lease retention, while rent-to-income metrics suggest some room to manage renewals thoughtfully to limit affordability pressure.
At the neighborhood level (not the property), occupancy is below national medians, so execution matters: competitive finishes, professional management, and amenity alignment are likely to be key to maintaining absorption and renewal performance. Based on commercial real estate analysis from WDSuite, the combination of strong amenities and a deep renter base offsets some of this softness and underpins longer-term demand.
Safety indicators are mixed in comparative terms. Overall crime levels score above the national median, with violent offense measures near the national middle and property offense rates higher than typical; however, both violent and property offenses show notable year-over-year declines, suggesting improving conditions. In a metro context, the area is competitive among Los Angeles neighborhoods rather than an outlier.
Investors should underwrite standard security and operations practices (lighting, access control, and tenant communications) and monitor continued trend improvement rather than relying on block-level assumptions.
Proximity to major corporate offices supports commuter convenience and a diversified renter base, with notable employers ranging from insurance and scientific services to energy and engineering.
- Farmers Insurance Exchange — insurance (0.65 miles) — HQ
- Thermo Fisher Scientific — scientific products & services (1.29 miles)
- Occidental Petroleum — energy (13.19 miles) — HQ
- AECOM — engineering & infrastructure (14.36 miles) — HQ
- Live Nation Entertainment — entertainment (14.55 miles) — HQ
Built in 1984, the asset is newer than much of the surrounding stock, providing a competitive edge versus 1970s-era product while still offering potential to modernize interiors and building systems for rent and retention upside. The neighborhood’s high amenity access, elevated home values, and strong renter concentration support durable rental demand, even as local occupancy trends suggest that hands-on leasing and positioning will drive outcomes.
Within a 3-mile radius, modest population growth and a forecasted increase in households point to a growing tenant base over time, which can support occupancy stability and renewal capture. According to CRE market data from WDSuite, the area’s renter reliance and above-median income profile, combined with a high-cost ownership landscape, provide a constructive backdrop for multifamily performance with prudent capital planning.
- Newer 1984 vintage vs. area average, with modernization upside to sharpen competitiveness
- Deep renter base and high amenity access underpin demand and retention
- High-cost ownership market supports reliance on rentals and pricing power
- Household growth within 3 miles expands the prospective tenant pool
- Risk: neighborhood occupancy trails national medians—active leasing and product positioning are important