| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13600 Sherman Way, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13600 Sherman Way, Van Nuys Multifamily Investment
Neighborhood fundamentals point to steady renter demand and resilient occupancy, according to WDSuite s CRE market data. High-cost ownership dynamics and strong daily-needs access support pricing power while warranting active affordability and retention management.
Positioned in Van Nuys s Urban Core, the property benefits from a neighborhood rated A- and ranking in the top quartile among 1,441 Los Angeles metro neighborhoods. Daily-needs access is a standout: grocery, restaurant, and cafe density rates well above national norms, which supports resident convenience and stickiness. Parks and pharmacies also score above average nationally, reinforcing livability.
Multifamily demand signals are favorable. Neighborhood occupancy is solid and compares well to many U.S. areas, and the renter-occupied share is high (around 72% of housing units), indicating a deep tenant base for workforce and market-rate product. Home values in the neighborhood sit at elevated levels relative to national benchmarks, which tends to sustain reliance on rental housing and can support lease retention and measured rent growth.
Within a 3-mile radius, households have grown modestly in recent years while population edged down, pointing to smaller household sizes and a gradual expansion of the renter pool. Looking ahead, forecasts show additional household growth and higher median contract rents, which supports the case for continued leasing stability when paired with prudent operations and targeted upgrades based on multifamily property research from WDSuite.
Counterbalancing factors include a below-average neighborhood school rating and income levels that trail many U.S. neighborhoods. These dynamics call for careful rent-to-income monitoring, amenity calibration, and renewal strategies to maintain occupancy and limit turnover costs.
Safety conditions compare favorably to many neighborhoods nationwide, with overall crime metrics landing around the upper quartile nationally. Recent trend data indicates notable year-over-year improvement in both property and violent offense estimates, suggesting a positive trajectory rather than a short-term fluctuation.
As with any infill Los Angeles location, conditions can vary by block and over time, so investors should underwrite to neighborhood-level trends and management practices rather than isolated incidents. National percentile comparisons cited here reflect neighborhood-wide patterns, not property-specific security conditions.
Proximity to major entertainment, media, and corporate offices underpins renter demand through diverse employment and reasonable commute times. Nearby anchors include Charter Communications, Radio Disney, The Walt Disney Company, Live Nation Entertainment, and Occidental Petroleum.
- Charter Communications d telecommunications (4.8 miles)
- Radio Disney d media (6.0 miles)
- Disney d media & entertainment (6.7 miles) d HQ
- Live Nation Entertainment d entertainment corporate offices (8.9 miles) d HQ
- Occidental Petroleum d energy (9.8 miles) d HQ
This 44-unit asset is positioned for durable renter demand supported by a high renter-occupied housing share, strong daily-needs access, and a neighborhood standing in the top quartile within the Los Angeles metro. Elevated local home values relative to national benchmarks reinforce reliance on multifamily, while neighborhood occupancy remains healthy; together these dynamics support leasing stability and measured rent growth, based on CRE market data from WDSuite.
Within a 3-mile radius, the outlook points to continued household growth alongside smaller average household sizes, expanding the tenant base over time. Balanced underwriting should account for rent-to-income pressure and modest school ratings by emphasizing retention strategies, value-oriented amenities, and selective renovations to enhance competitiveness without overextending asking rents.
- Top-quartile neighborhood in the Los Angeles metro supports tenant retention and leasing velocity.
- High renter-occupied share indicates a deep local tenant base for multifamily units.
- Elevated ownership costs bolster multifamily demand and pricing power potential.
- Household growth within 3 miles and improving income mix support long-term demand.
- Risk: rent-to-income pressure and modest school ratings require disciplined renewal and amenity strategies.