| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13450 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1973 |
| Units | 42 |
| Transaction Date | 1995-04-12 |
| Transaction Price | $1,200,000 |
| Buyer | ISAACSON MARILYN |
| Seller | FEDERAL NATIONAL MORTGAGE ASSOCIATION |
13450 Vanowen St, Van Nuys Multifamily Investment
Neighborhood renter concentration is high and occupancy has been resilient, supporting income stability according to WDSuite’s CRE market data. Strong local amenities and major employment nodes nearby underpin steady renter demand for this Van Nuys asset.
Van Nuys’ Urban Core setting offers daily convenience that supports leasing: the neighborhood sits in the top decile nationally for grocery access and is also strong for cafes and restaurants, signaling walkable essentials that help with retention and marketing to lifestyle renters. At the metro level, the neighborhood ranks 273 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods (A- rating), indicating broad competitiveness for multifamily.
Occupancy for the neighborhood is above national medians, and the share of housing units that are renter-occupied is elevated (roughly seven in ten), expanding the depth of the tenant base and helping sustain demand through cycles. Neighborhood-level NOI per unit trends are in the top decile nationally, reinforcing the area’s historical ability to support rent and expense performance over time.
Demographic statistics are aggregated within a 3-mile radius: households have grown modestly in recent years and are projected to increase further even as population remains roughly flat, implying smaller household sizes and a larger pool of leaseholders. Median incomes have trended higher and are forecast to continue rising, which typically supports rent growth and reduces turnover risk for well-managed product.
Home values in the immediate area are elevated relative to incomes, characteristic of a high-cost ownership market in Los Angeles. This dynamic generally reinforces renter reliance on multifamily housing, aiding lease-up and renewal pricing power. The property’s 1973 vintage is slightly older than the neighborhood average (1970s era), pointing to potential value-add and capital planning opportunities that can improve competitive positioning against newer stock.
Neighborhood safety compares favorably: based on WDSuite’s data, the area ranks 356 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, placing it competitive within the metro and above national averages (roughly mid-70s percentile for safety). Recent year-over-year trends indicate notable declines in both property and violent offense estimates, a constructive signal for investor risk assessment. As always, crime can vary by block and over time; investors should pair these trends with on-the-ground diligence.
Proximity to major entertainment, media, and engineering employers supports workforce housing demand and convenient commutes for renters. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications — telecommunications (4.7 miles)
- Radio Disney — media (5.6 miles)
- Disney — media & entertainment (6.3 miles) — HQ
- Live Nation Entertainment — live entertainment (8.4 miles) — HQ
- AECOM — engineering & infrastructure (9.3 miles) — HQ
13450 Vanowen St offers investors exposure to a renter-heavy pocket of the San Fernando Valley with strong daily amenities and access to major employment centers. Neighborhood occupancy is above national medians and the renter-occupied share is high, indicating depth of tenant demand and support for income durability. The 1973 vintage suggests actionable value-add and systems modernization potential to enhance rents and operating efficiency versus older 1970s peers nearby.
Within a 3-mile radius, households have been growing and are projected to expand further even as headcount remains roughly flat, implying more leaseholders and support for occupancy stability. Elevated home values relative to incomes sustain reliance on rentals, while proximity to entertainment and engineering employers diversifies the renter pool. According to CRE market data from WDSuite, neighborhood performance metrics such as occupancy and amenity access trend above national medians, though rent-to-income levels warrant disciplined lease management.
- Renter-heavy neighborhood and above-median occupancy support demand depth and income stability
- 1973 vintage presents value-add and capital planning opportunities to improve competitive positioning
- Amenity-rich Urban Core location with strong grocery, cafe, and restaurant access aids retention
- Access to major media and engineering employers broadens the renter pool and supports leasing
- Risk: higher rent-to-income ratios and softer school ratings call for prudent pricing and retention strategies