| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 51st | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13719 Oxnard St, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1989 |
| Units | 37 |
| Transaction Date | 2001-02-15 |
| Transaction Price | $1,262,000 |
| Buyer | GREENE JEFF |
| Seller | LOWY DAVID |
13719 Oxnard St Van Nuys Multifamily Investment
This 37-unit property benefits from strong neighborhood-level occupancy at 96.8% and robust rental demand in a market where 75.8% of units are renter-occupied. According to WDSuite's CRE market data, the area demonstrates resilient multifamily fundamentals with above-average net operating income per unit.
The Van Nuys neighborhood ranks in the top quartile nationally for housing fundamentals, with strong rental demand supported by a 75.8% renter-occupied housing stock. Neighborhood-level occupancy remains stable at 96.8%, reflecting consistent tenant retention in this urban core location. The area demonstrates solid multifamily performance with net operating income per unit averaging $11,629, ranking 214th among 1,441 Los Angeles metro neighborhoods.
Built in 1989, this property aligns with the neighborhood's average construction vintage of 1970, positioning it competitively within the local building stock. The 934 square foot average unit size serves the area's household composition well, with demographic data within a 3-mile radius showing stable population of 265,168 residents and median household income of $82,966.
The neighborhood offers strong amenity density for tenant appeal, ranking in the 99th percentile nationally for grocery stores with 8.37 per square mile and 98th percentile for childcare facilities at 4.19 per square mile. Contract rents averaged $1,596 for one-bedroom units, with 40% growth over the past five years, though investors should monitor the rent-to-income ratio of 0.28 which suggests potential affordability pressure for lease renewals.
Home values averaging $860,298 with 47% appreciation over five years reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing. The area's 66% national percentile ranking for demographics and strong employment accessibility support long-term tenant base stability.
The neighborhood demonstrates improving safety trends, ranking 191st among 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 82nd percentile nationally. Property crime rates have declined significantly by 77.6% year-over-year, ranking in the 97th percentile for improvement trends nationwide.
Violent crime rates remain relatively low at 13.3 incidents per 100,000 residents, with a substantial 94.1% decrease over the past year. These positive safety trends support tenant retention and property management stability, though investors should continue monitoring local crime patterns as part of ongoing asset management.
The property benefits from proximity to major corporate offices and entertainment industry employers that support workforce housing demand in the San Fernando Valley.
- Charter Communications — telecommunications (5.2 miles)
- Radio Disney — media and entertainment (5.5 miles)
- Disney — entertainment and media (6.3 miles) — HQ
- Live Nation Entertainment — entertainment services (7.4 miles) — HQ
- Activision Blizzard Studios — gaming and technology (8.0 miles)
This 37-unit Van Nuys property presents a compelling multifamily investment opportunity anchored by strong neighborhood occupancy fundamentals and sustained rental demand. The area's 96.8% occupancy rate and 75.8% renter-occupied housing stock demonstrate market resilience, while commercial real estate analysis from WDSuite indicates above-average net operating income performance at $11,629 per unit.
Built in 1989, the property offers potential value-add opportunities through targeted capital improvements while benefiting from proximity to major entertainment and technology employers. Demographic trends within a 3-mile radius show stable population and household growth, supporting long-term tenant demand. However, investors should monitor rent-to-income ratios and potential affordability pressures in lease management strategies.
- Strong neighborhood occupancy at 96.8% with robust rental demand
- Above-average NOI per unit performance in competitive metro market
- Value-add potential from 1989 construction vintage
- Access to major entertainment and technology employment centers
- Risk consideration: Monitor rent-to-income ratios for lease retention