| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13429 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2013 |
| Units | 23 |
| Transaction Date | 2004-07-13 |
| Transaction Price | $555,000 |
| Buyer | ALMANY OFFER |
| Seller | DEUBEL PETER K |
13429 Vanowen St Van Nuys Multifamily Investment
This 23-unit property in an A-rated neighborhood benefits from strong rental demand fundamentals, with 72% renter occupancy and above-average net operating income per unit according to WDSuite's CRE market data.
Van Nuys offers a compelling urban core environment for multifamily investors, ranking in the top quartile nationally across key housing metrics among 1,441 Los Angeles metro neighborhoods. The neighborhood demonstrates strong rental market fundamentals with 72% of housing units occupied by renters and neighborhood-level occupancy rates at 95%, supporting consistent demand for rental housing.
Built in 2013, this property represents newer construction compared to the neighborhood average of 1976, positioning it competitively with reduced near-term maintenance requirements and modern tenant amenities. The area benefits from exceptional amenity density, ranking in the 99th percentile nationally for grocery stores with 9.3 stores per square mile, plus strong cafe and childcare access that appeals to renters.
Demographics within a 3-mile radius show stable fundamentals with 281,000 residents and 65% renter-occupied housing units. Median household income of $73,500 has grown 32% over five years, while contract rents averaging $1,623 have increased 34% during the same period. Forward projections indicate continued household growth of 33% through 2028, expanding the potential tenant base and supporting occupancy stability.
The neighborhood's median home value of $829,000 reinforces rental demand by keeping elevated ownership costs that sustain renter reliance on multifamily housing. Average net operating income per unit of $14,682 ranks in the 94th percentile nationally, indicating strong cash flow potential relative to comparable markets.
Safety metrics show a mixed but improving profile for the Van Nuys neighborhood. Property crime rates rank in the middle range among Los Angeles metro neighborhoods, while violent crime rates remain moderate at 24 incidents per 100,000 residents.
Notably, both property and violent crime have declined significantly over the past year, with property offenses down 83% and violent offenses down 93%. These substantial reductions, ranking in the 98th and 99th percentiles nationally for improvement, suggest positive safety trends that could support tenant retention and property values.
The Van Nuys submarket benefits from proximity to major entertainment and technology employers, providing workforce housing opportunities for a diverse professional tenant base.
- Charter Communications — telecommunications (4.7 miles)
- Radio Disney — entertainment media (5.6 miles)
- Disney — entertainment conglomerate (6.3 miles) — HQ
- Live Nation Entertainment — live entertainment (7.9 miles) — HQ
- Activision Blizzard Studios — gaming and entertainment (8.9 miles)
This 2013-constructed property capitalizes on Van Nuys' strong rental market fundamentals and neighborhood-level performance that consistently outpaces metro averages. The area's A-rating reflects top-quartile housing metrics, 95% occupancy rates, and exceptional amenity density that supports tenant retention. Demographics within a 3-mile radius show healthy income growth of 32% over five years alongside expanding household formation, creating a larger tenant base through 2028.
The property's modern vintage provides competitive advantages through reduced capital expenditure needs while elevated home values of $829,000 reinforce rental demand by sustaining renter reliance on multifamily housing. Commercial real estate analysis from WDSuite indicates neighborhood-level net operating income averaging $14,682 per unit ranks in the 94th percentile nationally, demonstrating strong cash flow potential relative to comparable markets.
- A-rated neighborhood with 95% occupancy supporting rental demand stability
- 2013 construction provides competitive positioning with reduced maintenance requirements
- Projected 33% household growth through 2028 expanding potential tenant base
- High home values sustain rental market demand by limiting ownership competition
- Monitor rent-to-income ratios as affordability pressures may impact renewal rates