| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 49th | Fair |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13019 Oxnard St, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 30 |
| Transaction Date | 2015-07-10 |
| Transaction Price | $5,500,000 |
| Buyer | COELER TRUST |
| Seller | SHAFT HELYN |
13019 Oxnard St Van Nuys Multifamily Investment
Neighborhood occupancy trends indicate mid-90s stability, supporting durable cash flow according to WDSuite s CRE market data for the surrounding area. Elevated ownership costs in Los Angeles also sustain renter reliance on multifamily housing.
Located in Van Nuys within the Los Angeles metro, the property sits in a C+ rated Urban Core neighborhood that is above metro median on several multifamily fundamentals. Neighborhood occupancy is 95.6% (74th percentile nationally), indicating relatively tight conditions for stabilized assets, per CRE market data from WDSuite. Median contract rents in the neighborhood align with upper-tier metro pricing, and restaurants are dense (94th percentile nationally), while nearby parks index exceptionally high (99th percentile), supporting day-to-day livability for renters.
The building was constructed in 1977, newer than the neighborhood s average vintage (1965). For investors, this positioning can offer a competitive edge versus older stock while still warranting targeted modernization and systems upgrades to support rent growth and leasing velocity.
Renter concentration within the neighborhood is 55.1% of housing units and ranks above most of the Los Angeles-Long Beach-Glendale neighborhoods (450 of 1,441; above metro median). This depth of renter-occupied units points to a sizable tenant base and supports occupancy stability for well-managed properties.
Demographics aggregated within a 3-mile radius show a large, diverse tenant pool and steady demand drivers. While the population dipped modestly over the prior period, household counts edged higher and are projected to grow, with forecasts indicating additional households and income gains over the next five years. Median contract rent in the 3-mile area is currently in the upper-tier for the region and is projected to increase by 2028, reinforcing revenue potential for quality product. A high-cost ownership market (94th percentile home values nationally and a 98th percentile value-to-income ratio) further supports renter retention and sustained multifamily demand.
Trade-offs to underwrite include limited immediate daily-needs retail counts (grocery, pharmacy, and cafes per square mile measure low in WDSuite s dataset) and below-national-median average school ratings. For family renters, this can affect leasing considerations and retention strategies; however, the amenity mix of restaurants and abundant parks, combined with strong renter demand, remains a counterbalance.
Safety indicators are comparatively favorable for the area. The neighborhood scores in the 82nd percentile for safety nationally and ranks 194 out of 1,441 within the Los Angeles-Long Beach-Glendale metro, placing it in the top quartile among metro neighborhoods. Recent year-over-year trends in WDSuite s data also show sharp declines in both property and violent offense rates, each in the top percentile nationally for improvement, suggesting momentum in the right direction. As always, investors should pair these metro- and national-relative readings with on-the-ground diligence and submarket comps.
Proximity to major entertainment and infrastructure employers underpins renter demand and commute convenience for the workforce. Key nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications corporate offices (4.36 miles)
- Radio Disney corporate offices (4.68 miles)
- Disney corporate offices (5.48 miles) HQ
- Live Nation Entertainment corporate offices (6.83 miles)
- AECOM corporate offices (8.33 miles) HQ
13019 Oxnard St offers a 30-unit 1977-vintage asset positioned in a neighborhood with steady renter demand, strong restaurant and park access, and occupancy in the mid-90s. The property s vintage is newer than the area s average stock, suggesting relative competitiveness versus older assets, with clear scope for targeted renovations and system upgrades to drive rent positioning. According to commercial real estate analysis from WDSuite, renter concentration in the neighborhood and high-cost home ownership dynamics in Los Angeles support a durable tenant base and reinforce leasing stability.
Within a 3-mile radius, household counts are increasing and incomes are projected to rise, aligning with continued rent growth expectations and a larger renter pool over the next five years. While daily-needs retail density is limited and school ratings sit below the national median, the submarket s safety standing and proximity to large employers help support demand and retention for well-run multifamily properties.
- Neighborhood occupancy near mid-90s supports stable collections and leasing
- 1977 vintage offers modernization and value-add potential versus older local stock
- High-cost ownership market reinforces renter retention and pricing power
- Large employers within 5 8 miles bolster workforce housing demand
- Risks: limited daily-needs retail counts and below-median school ratings may affect family renter retention