| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13354 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13354 Vanowen St, Van Nuys CA Multifamily Investment
Positioned in a renter-heavy Van Nuys neighborhood, this 24-unit asset benefits from stable neighborhood occupancy and strong amenity density, according to WDSuite’s CRE market data and commercial real estate analysis.
Located in the Los Angeles-Long Beach-Glendale metro, the neighborhood ranks 273rd out of 1,441, placing it in the top quartile among metro neighborhoods. Amenity access is a standout: neighborhood amenity strength ranks 92nd of 1,441 (also top quartile) and scores in the 93rd percentile nationally, supporting day-to-day convenience that typically aids retention for workforce housing.
Neighborhood occupancy is 94.6% (neighborhood-level, not property-level) with a high renter-occupied share of 71.9%. For investors, that combination indicates a deep tenant base and supports leasing durability through cycles, based on CRE market data from WDSuite.
Within a 3-mile radius, households have grown in recent years and are projected to increase further, even as average household size trends lower. That mix points to a larger tenant base spread across more households, which can support absorption and occupancy stability over time.
Home values in the neighborhood are elevated versus national norms (95th percentile), and the value-to-income ratio sits near the top of U.S. neighborhoods (99th percentile). In practice, a high-cost ownership market tends to reinforce rental demand and can sustain pricing power; however, a rent-to-income ratio around one-third suggests some affordability pressure that owners should manage thoughtfully through renewals and amenity positioning. Average school ratings are lower locally, which may modestly narrow the family-renter segment compared to higher-rated districts.
Safety compares favorably in a metro context: the neighborhood’s crime rank is within the top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, and it sits above many neighborhoods nationwide (approximately mid-70s national safety percentile). This framing is neighborhood-level, not property-specific.
Recent data show notable year-over-year declines in both property and violent offense rates, according to WDSuite, a constructive trend for investor sentiment. Conditions can vary by block and over time, so monitoring local reports and trend updates remains prudent.
Nearby corporate offices in media and communications provide a broad employment base that supports renter demand and commute convenience for residents. Key employers include Charter Communications, Radio Disney, Disney, and Live Nation Entertainment.
- Charter Communications — corporate offices (4.6 miles)
- Radio Disney — corporate offices (5.5 miles)
- Disney — corporate offices (6.2 miles) — HQ
- Live Nation Entertainment — corporate offices (7.9 miles)
- Live Nation Entertainment — corporate offices (8.4 miles) — HQ
This Van Nuys multifamily property sits in a renter-concentrated neighborhood with strong amenity access and occupancy around the mid-90s at the neighborhood level. Elevated home values relative to incomes reinforce reliance on rental options, while a growing household count within 3 miles points to a larger tenant base even as household sizes trend smaller. According to CRE market data from WDSuite, these dynamics support steady leasing and retention potential in line with urban-core Los Angeles patterns.
Key considerations for underwriting include managing rent-to-income affordability pressure through renewal strategies and value-focused upgrades, as well as sensitivity to lower school ratings that could shape the resident mix. Overall, the submarket’s deep renter pool, dense amenities, and metro-level demand drivers position the asset for durable income with prudent asset management.
- Renter-heavy neighborhood and mid-90s neighborhood occupancy support leasing stability.
- Strong amenity density (groceries, cafes, restaurants) aids retention and day-to-day appeal.
- Elevated home values versus incomes reinforce sustained multifamily demand.
- Within 3 miles, increasing household counts expand the tenant base over time.
- Risks: affordability pressure (rent-to-income near one-third) and lower average school ratings.