| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13907 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | 2018-06-27 |
| Transaction Price | $2,165,500 |
| Buyer | SASSINE ELIE |
| Seller | BURRISS BUILDING LLC |
13907 Vanowen St, Van Nuys Multifamily Investment
Stabilized renter demand in Van Nuys supports steady operations, according to WDSuite’s CRE market data, with neighborhood occupancy trending strong and homeownership costs reinforcing reliance on rentals.
Located in Los Angeles’ San Fernando Valley, the Urban Core neighborhood around 13907 Vanowen St scores a B+ and is above metro median overall (ranked 524 among 1,441 Los Angeles-Long Beach-Glendale neighborhoods). Amenity access is competitive, with groceries, pharmacies, and cafes measuring in the upper national percentiles, which helps leasing velocity and day-to-day convenience for residents.
Renter concentration is high at 65% of housing units being renter-occupied in the neighborhood, indicating a deep tenant base and consistent demand for multifamily. Neighborhood occupancy is 96.2% and has edged higher over five years, supporting income stability for well-managed assets. Median rents in the area benchmark above national levels, but remain serviceable relative to incomes, keeping pricing power balanced. For investors conducting multifamily property research, these dynamics point to resilient absorption for appropriately positioned product.
Household trends within a 3-mile radius show a recent increase in the number of households despite modest population softening, implying smaller average household sizes and continued formation of renter households. Forward-looking data also point to additional household growth, which should expand the renter pool and help sustain occupancy even as demographics evolve.
Home values in the neighborhood rank in a high national percentile and the value-to-income ratio is elevated, signaling a high-cost ownership market that reinforces reliance on rental housing and can aid lease retention. Average school ratings trend below national averages and local park access is limited, which may temper appeal for some family renters; however, the broader amenity mix (grocery, dining, childcare) is strong and compares favorably to many metro peers.
Neighborhood safety indicators compare favorably against national benchmarks, with crime measures sitting above national averages for safety. According to WDSuite’s CRE market data, both violent and property offense rates have decreased notably over the past year, a constructive trend for renter sentiment and retention.
Within the Los Angeles-Long Beach-Glendale metro, the area performs competitively relative to many neighborhoods, and recent year-over-year improvements suggest momentum is moving in the right direction. As always, investors should evaluate block-level conditions and property-level security measures during diligence.
Proximity to major Valley and Westside employment nodes supports workforce housing demand and commute convenience, notably across telecommunications, media, entertainment, and engineering employers listed below.
- Charter Communications — telecommunications (5.24 miles)
- Radio Disney — media (6.10 miles)
- Disney — entertainment (6.85 miles) — HQ
- Live Nation Entertainment — live entertainment (8.54 miles) — HQ
- AECOM — engineering & infrastructure (9.39 miles) — HQ
This 25-unit, 1972-vintage property offers durable renter demand supported by a high neighborhood renter-occupied share and elevated occupancy that has trended upward. The vintage suggests potential value-add and capital planning opportunities—modernizing interiors and systems can improve competitive positioning against newer stock while leveraging strong neighborhood leasing fundamentals. Elevated ownership costs in the area underpin reliance on rentals and can aid retention, while household growth within a 3-mile radius points to a broadening tenant base over the medium term.
According to CRE market data from WDSuite, neighborhood occupancy levels remain solid and local amenities compare well to many Los Angeles submarkets, supporting absorption for well-priced units. Key watch items include school quality, limited park access, and managing rent-to-income affordability to maintain renewals. Overall, the combination of strong renter dynamics and value-add potential frames a pragmatic long-term thesis.
- High renter concentration and strong neighborhood occupancy support cash flow stability
- 1972 vintage offers renovation and systems-upgrade upside for value creation
- Elevated ownership costs reinforce rental demand and lease retention potential
- Amenity-rich context aids leasing and tenant convenience relative to many metro peers
- Risks: below-average school ratings, limited parks, and affordability management for renewals