| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13627 Sherman Way, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1988 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13627 Sherman Way Van Nuys Multifamily Investment
Neighborhood occupancy is in the mid-90s, signaling steady tenant retention potential for a 68-unit asset, according to WDSuite s CRE market data. Elevated ownership costs in Los Angeles support sustained renter demand in Van Nuys.
Rated A- and positioned in the top quartile among 1,441 Los Angeles metro neighborhoods, this Urban Core location benefits from deep renter demand and strong daily-needs access. Neighborhood occupancy is about 94% and the share of housing units that are renter-occupied is approximately 72%, indicating a large tenant base and generally stable leasing conditions.
Amenity density is a strength: grocery access sits near the top nationally, and cafes and restaurants also rank in the 90th percentiles. These patterns typically support lease retention and reduce turnover risk by enhancing resident convenience. Average school ratings are below national norms (around 2.0/5), which may temper appeal for some family renters but is often less determinative for workforce-oriented assets.
Ownership remains a high-cost path in this area, with elevated home values versus national benchmarks. For investors, that dynamic tends to reinforce renter reliance on multifamily housing and can support pricing power when paired with disciplined lease management. Rent-to-income ratios in the neighborhood suggest some affordability pressure, so operators should focus on renewal strategy and amenity-value alignment.
Demographics aggregated within a 3-mile radius show households have grown modestly in recent years and are projected to increase further while average household size trends down, implying a gradual renter pool expansion even as population levels edge lower. Forecast rent and income growth within this radius points to continued demand for well-managed units, a trend also reflected in multifamily property research from WDSuite.
Relative to neighborhoods nationwide, WDSuite s data places the area in an above-average safety position, with crime metrics around the 75th percentile nationally. Within the Los Angeles metro context, the neighborhood compares competitively, and recent estimates indicate meaningful year-over-year declines in both violent and property offenses, which supports resident retention and reduces operational disruption risk.
As always, safety conditions vary by corridor and over time; investors should underwrite to submarket trends rather than block-level assumptions and monitor ongoing patterns through reliable sources.
Proximity to major media, telecommunications, and corporate headquarters underpins a broad employment base that supports renter demand and commute convenience for residents. The employers below represent nearby drivers of professional and creative-class employment that can aid leasing stability.
- Charter Communications — telecommunications (4.9 miles)
- Radio Disney — media & entertainment (6.1 miles)
- Disney — media & entertainment (6.7 miles) — HQ
- Live Nation Entertainment — live entertainment corporate offices (8.9 miles) — HQ
- Occidental Petroleum — energy corporate offices (9.8 miles) — HQ
This 68-unit property, built in 1988, is newer than the neighborhood s average vintage and should compete well versus older stock while still benefiting from selective modernization to enhance rents and operating efficiency. Neighborhood fundamentals show high renter concentration and mid-90s occupancy, and elevated for-sale housing costs locally help sustain multifamily demand. According to CRE market data from WDSuite, amenity density in this submarket is a relative strength, supporting retention and absorption.
Within a 3-mile radius, households have increased and are projected to expand further even as household size trends smaller, pointing to a larger tenant base over time. Operators should balance that demand tailwind with prudent affordability and renewal strategies given neighborhood rent-to-income levels and below-average school ratings, positioning value-add and operational improvements to capture durable cash flow.
- 1988 vintage offers competitive positioning vs. older stock with targeted value-add potential
- High renter-occupied share and mid-90s neighborhood occupancy support demand stability
- Strong amenity access (groceries, cafes, restaurants) aids leasing and retention
- Elevated ownership costs in Los Angeles reinforce reliance on multifamily housing
- Risks: affordability pressure (rent-to-income) and lower average school ratings require careful renewal and tenant-mix strategies