| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 23rd | Poor |
| Amenities | 71st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14060 Van Nuys Blvd, Arleta, CA, 91331, US |
| Region / Metro | Arleta |
| Year of Construction | 1979 |
| Units | 32 |
| Transaction Date | 2019-12-10 |
| Transaction Price | $6,000,000 |
| Buyer | ARLETA PARTNERS LP |
| Seller | ARLETA 32 LLC |
14060 Van Nuys Blvd Arleta Multifamily Investment
This 32-unit property built in 1979 sits in a neighborhood with 97.8% occupancy rates and strong tenant retention fundamentals. Commercial real estate analysis from WDSuite indicates rents have grown 43% over five years while maintaining high occupancy levels.
Located in Arleta's Urban Core neighborhood, this property benefits from a rental market with 33.7% of housing units occupied by renters within a 3-mile radius. The area maintains 97.8% occupancy rates, ranking in the top quartile among 1,441 Los Angeles metro neighborhoods for occupancy stability.
Built in 1979, this property aligns with the neighborhood's average construction year, offering potential value-add opportunities through strategic renovations and unit upgrades. The area's median contract rent of $1,525 has increased 43% over five years, demonstrating sustained rental demand despite broader market pressures.
Demographics within a 3-mile radius show 261,776 residents with median household incomes of $74,183. Forecasted household growth of 32.8% through 2028 supports expanding renter demand, while current rent-to-income ratios at 0.23 indicate manageable affordability levels for tenant retention. The neighborhood's amenity density includes 1.44 cafes per square mile and accessible childcare options, supporting tenant appeal.
Home values averaging $604,452 with 70% appreciation over five years reinforce rental demand by maintaining elevated ownership costs. This dynamic supports sustained multifamily demand and lease retention in the submarket.
The neighborhood demonstrates improving safety trends with property crime rates declining 76.5% year-over-year and violent crime down 93.1%. Current property offense rates of 163 per 100,000 residents rank in the 59th percentile nationally among comparable neighborhoods.
These crime reduction trends, combined with the area's 80th percentile ranking for overall safety metrics among 1,441 metro neighborhoods, support tenant retention and property management stability. Investors should monitor ongoing trends as part of due diligence and tenant screening protocols.
The property benefits from proximity to major corporate employers including entertainment, telecommunications, and insurance companies within a 12-mile radius, supporting workforce housing demand.
- Charter Communications — telecommunications (6.6 miles)
- Radio Disney — entertainment media (8.9 miles)
- Disney — entertainment conglomerate (9.3 miles) — HQ
- Thermo Fisher Scientific — life sciences (10.3 miles)
- Farmers Insurance Exchange — insurance services (10.4 miles) — HQ
This 32-unit property offers stable cash flow potential with neighborhood occupancy rates of 97.8% ranking in the top quartile among Los Angeles metro neighborhoods. The 1979 construction year presents value-add opportunities through unit renovations and property improvements, while the area's 43% rent growth over five years demonstrates sustained demand. CRE market data from WDSuite shows demographic projections of 32.8% household growth through 2028, expanding the potential tenant base significantly.
The investment benefits from Arleta's Urban Core location with elevated home values reinforcing rental demand, as ownership costs averaging $604,452 keep households in the rental market. Current rent-to-income ratios at 0.23 support tenant retention while providing room for strategic rent optimization through capital improvements.
- High occupancy stability with 97.8% neighborhood rates ranking top quartile metro-wide
- Value-add potential through renovations of 1979-vintage units
- Growing tenant base with 32.8% projected household growth through 2028
- Manageable rent-to-income ratios supporting tenant retention and rent optimization
- Risk consideration: Monitor capital expenditure requirements for older building systems