| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13610 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | 2012-11-20 |
| Transaction Price | $3,275,032 |
| Buyer | CANE GARDEN PROPERTIES LLC |
| Seller | CAPITAL FORESIGHT VANOWEN LIMITED PARTNE |
13610 Vanowen St Van Nuys 20-Unit Multifamily
Renter concentration is high in the surrounding neighborhood and occupancy trends are stable, supporting depth of demand for a 20-unit asset, according to WDSuite’s CRE market data. Location fundamentals in Van Nuys offer steady leasing potential with room for operational execution.
The property sits in an Urban Core pocket of Van Nuys with strong daily-life conveniences. Neighborhood amenity access is competitive among Los Angeles-Long Beach-Glendale metro neighborhoods, with grocery, pharmacy, and dining density ranking favorably and cafes and childcare concentrated nearby. These characteristics typically support tenant retention and reduce friction in day-to-day living for renters.
Housing market context points to durable multifamily demand. Within this neighborhood, an estimated 71.9% of housing units are renter-occupied (top end among metro peers), indicating a deep tenant base and steady leasing velocity for comparable product. Neighborhood occupancy is above many U.S. neighborhoods, which supports income stability for professionally managed assets.
Within a 3-mile radius, demographics show households increased over the last five years and are projected to grow further even as average household size trends lower. This combination generally expands the renter pool and supports occupancy stability. Median contract rents in the neighborhood are above many U.S. neighborhoods, while home values are elevated for Los Angeles, creating a high-cost ownership market that tends to reinforce reliance on multifamily rentals.
School ratings in the neighborhood average on the lower side relative to national benchmarks, which can be a consideration for family-oriented renters but often has limited impact on workforce-oriented renter cohorts common in Urban Core locations. Overall, the neighborhood carries an A- rating and is above the metro median (ranked 273 out of 1,441), highlighting broad-based strengths alongside a few execution risks.
Safety indicators compare favorably within the Los Angeles-Long Beach-Glendale metro: this neighborhood sits in the top quartile among 1,441 metro neighborhoods based on crime ranking. Nationally, safety percentiles are above average, suggesting comparatively lower incident rates than many U.S. neighborhoods.
Recent trend signals from WDSuite point to notable one-year declines in both property and violent offense rates in the neighborhood. While block-level outcomes vary, the directional improvement and above-metro standing support a prudent but constructive view on operating conditions.
Nearby corporate offices in media, entertainment, and energy provide a diverse employment base that supports renter demand through commute convenience and steady professional inflows. The list below highlights prominent employers within a roughly 5–10 mile radius that can underpin leasing and retention.
- Charter Communications — corporate offices (4.9 miles)
- Radio Disney — corporate offices (5.8 miles)
- Disney — corporate offices (6.5 miles) — HQ
- Live Nation Entertainment — corporate offices (8.4 miles) — HQ
- Occidental Petroleum — corporate offices (9.3 miles) — HQ
Built in 1984, the asset is newer than the area’s average vintage, offering a competitive edge versus older stock while leaving room for targeted modernization of systems and interiors to enhance positioning. High renter-occupied share in the neighborhood and occupancy that trends above many U.S. neighborhoods point to a broad tenant base and resilient cash flow potential. Elevated home values locally indicate a high-cost ownership market, which often sustains rental demand for well-managed multifamily.
Within a 3-mile radius, households have grown and are projected to increase further as household sizes gradually decline — dynamics that typically expand the renter pool and support lease-up and retention. According to CRE market data from WDSuite, neighborhood rents sit above many U.S. neighborhoods, while rent-to-income ratios suggest some affordability pressure, underscoring the importance of disciplined lease management and value-focused renovations.
- Newer 1984 vintage relative to nearby stock offers competitive positioning with targeted value-add potential.
- High renter-occupied share and above-average neighborhood occupancy support stable demand for 20 units.
- Elevated local home values reinforce reliance on multifamily housing, aiding pricing power for well-run assets.
- 3-mile household growth and smaller household sizes expand the tenant base and support retention.
- Risks: lower average school ratings and affordability pressure require disciplined leasing and expense control.