| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 51st | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13751 Oxnard St, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2000-03-20 |
| Transaction Price | $900,000 |
| Buyer | VALLEY ELM ASSOCIATES |
| Seller | PERELMAN ANITA B |
13751 Oxnard St Van Nuys Multifamily Investment
Stabilized renter demand in an Urban Core pocket of Van Nuys supports consistent leasing, according to WDSuite’s CRE market data. This commercial real estate analysis points to strong neighborhood occupancy rather than property-level guarantees.
Located in the Los Angeles-Long Beach-Glendale metro, the neighborhood surrounding 13751 Oxnard St carries a B+ rating and performs competitive among Los Angeles-Long Beach-Glendale neighborhoods (rank 438 of 1,441). Occupancy at the neighborhood level is robust and sits in the top quartile nationally, supporting income stability for multifamily assets. The area is predominantly renter-occupied (about three-fourths of housing units are renter-occupied), indicating a deep tenant base for leasing and renewals. All occupancy and tenure data reflect neighborhood conditions, not this specific property.
Local amenity density is a strength: grocery access sits in the 99th percentile nationally and restaurants in the 95th percentile, while pharmacies score in the 94th percentile—favorable for daily needs and resident convenience. Childcare availability is also strong (98th percentile). By contrast, cafes and park space are limited within the immediate neighborhood footprint, so resident recreation may lean on nearby commercial corridors rather than green space.
Within a 3-mile radius, demographic data indicate household growth alongside a modest dip in overall population, suggesting smaller average household sizes and a broader renter pool over time. Median and mean household incomes have been rising, and neighborhood rents have increased in recent years; together, these trends point to sustained demand with some affordability pressure to manage (rent-to-income metrics should be monitored for retention and renewal strategy).
Home values in the neighborhood sit in a high-cost ownership market (96th percentile nationally), which typically reinforces reliance on rental housing and can support pricing power and lease retention for well-managed assets. The property’s 1973 vintage is slightly older than the neighborhood average year built, implying ongoing capital planning and potential renovation/value-add upside to remain competitive against newer stock.
Safety signals are mixed in a useful way for underwriting. The neighborhood’s national crime positioning trends favorable (crime measures are in higher national percentiles, which indicate comparatively safer standing versus many U.S. neighborhoods). Within the Los Angeles-Long Beach-Glendale metro, its crime rank (191 of 1,441; lower ranks indicate more crime) suggests it sits closer to higher-crime peers locally, so owners should underwrite prudent security and operations. Recent trends show notable year-over-year improvement in both property and violent offense rates, placing the neighborhood among the stronger improvers nationally—supportive of stability if sustained. All figures reflect neighborhood-level conditions, not the property.
Proximity to major corporate offices anchors a diverse employment base that supports renter demand and commute convenience. Notable nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Charter Communications — corporate offices (5.25 miles)
- Radio Disney — corporate offices (5.55 miles)
- Disney — corporate offices (6.38 miles) — HQ
- Live Nation Entertainment — corporate offices (7.52 miles) — HQ
- Activision Blizzard Studios — corporate offices (7.96 miles)
This 24-unit, 1973-vintage asset in Van Nuys benefits from a renter-heavy neighborhood with occupancy in the top quartile nationally and home values that are elevated for owners, reinforcing multifamily demand. According to CRE market data from WDSuite, amenity access (notably groceries, restaurants, and pharmacies) ranks well nationally, supporting resident convenience and retention, while the older vintage points to targeted value-add and systems modernization to remain competitive.
Within a 3-mile radius, households have increased and are projected to expand further even as average household sizes trend smaller—signals that typically enlarge the renter pool and support occupancy stability. Neighborhood NOI per unit benchmarks are strong relative to national peers, suggesting an income environment where well-executed operations can perform, while acknowledging affordability pressure and local safety variability that merit active lease and asset management.
- Renter-dense neighborhood and top-quartile national occupancy support leasing stability
- High home values locally reinforce reliance on rental housing and pricing power
- Strong grocery/restaurant/pharmacy access aids resident satisfaction and retention
- 1973 vintage offers value-add potential with focused capital planning
- Risks: affordability pressure (monitor rent-to-income) and metro-relative safety variability