| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 41st | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13760 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1987 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13760 Vanowen St Van Nuys Multifamily Investment
Neighborhood occupancy and renter concentration in Van Nuys point to durable renter demand, according to WDSuite’s CRE market data. Investors may find steady lease-up potential supported by an urban amenity base and a high-cost ownership market in the surrounding area.
Situated in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates A- and ranks in the top quartile among 1,441 metro neighborhoods, signaling competitive fundamentals for multifamily. Amenity access is a clear strength, with grocery, cafes, restaurants, and pharmacies benchmarking in the upper national percentiles — a positive for day-to-day convenience and resident retention.
From an investor lens, neighborhood occupancy measures in the mid-90% range and the share of renter-occupied housing units is high, indicating a deep tenant pool that supports leasing stability. These are neighborhood-level indicators rather than property-specific performance, but they provide useful context for underwriting assumptions such as renewal probabilities and absorption.
The ownership landscape is high-cost relative to incomes (strong value-to-income metrics and elevated home values at the neighborhood level), which typically sustains reliance on rental housing and can support pricing power for well-positioned assets. Conversely, rent-to-income ratios imply some affordability pressure, suggesting the need for active lease management and thoughtful renewal strategies.
Schools in the area average below mid-tier ratings, which may influence family-driven demand segments. Still, the amenity mix – including strong grocery and café density – and an urban core setting help maintain appeal for workforce and lifestyle renters. Based on commercial real estate analysis trends from WDSuite, average NOI per unit for the neighborhood benchmarks high versus national peers, reinforcing the area’s income potential for stabilized assets.
Demographics aggregated within a 3-mile radius show a slight population dip in recent years, alongside an increase in households and a projected rise in household counts with smaller average household sizes. For multifamily, this dynamic often points to more renting households entering the market and supports occupancy stability even as population growth moderates.
Safety trends are mixed but improving. Nationally, the neighborhood sits above the median for safety (higher national percentile), while within the Los Angeles-Long Beach-Glendale metro it ranks 356 out of 1,441 neighborhoods — and in this metro ranking, lower numbers indicate more crime. Recent year-over-year estimates suggest sizable declines in both violent and property offense rates at the neighborhood level, which is constructive for long-term risk management, though single-year shifts can be volatile and merit ongoing monitoring.
Proximity to telecom, media, entertainment, energy, and engineering employers supports a diversified renter base and commute convenience for workforce tenants. Nearby anchors include Charter Communications, Radio Disney, The Walt Disney Company, Live Nation Entertainment, Occidental Petroleum, and AECOM.
- Charter Communications — telecommunications (5.1 miles)
- Radio Disney — media (5.9 miles)
- Disney — entertainment (6.7 miles) — HQ
- Live Nation Entertainment — entertainment (8.2 miles)
- Occidental Petroleum — energy (9.3 miles) — HQ
- AECOM — engineering (9.4 miles) — HQ
13760 Vanowen St is a 56-unit, 1987-vintage asset in Van Nuys, newer than the neighborhood’s average construction year, which can enhance competitive positioning versus older stock. The neighborhood’s high renter-occupied share and mid-90% occupancy provide constructive context for demand depth and renewal potential, while the urban amenity footprint supports resident retention. According to CRE market data from WDSuite, the area benchmarks strong on income fundamentals (NOI per unit) relative to national peers, aligning with a thesis centered on stabilized operations and measured value-add.
Within a 3-mile radius, households have risen and are projected to increase further as average household size trends lower, signaling a larger tenant base even with flat-to-modestly negative population growth. A high-cost ownership landscape reinforces rental demand, but rent-to-income ratios point to affordability pressure that calls for disciplined lease management and finish-level differentiation rather than across-the-board premium positioning.
- Newer 1987 vintage versus local average, with potential for targeted modernization to enhance competitiveness
- High neighborhood renter concentration and solid occupancy support stable leasing and renewals
- Strong amenity access and proximity to major employers underpin demand and retention
- Income fundamentals compare favorably to national peers, supporting a stabilized thesis with selective value-add
- Risks: affordability pressure (rent-to-income), below-average school ratings, and mixed metro-relative safety trends