| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 51st | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13915 Oxnard St, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2001 |
| Units | 49 |
| Transaction Date | 1998-02-19 |
| Transaction Price | $370,000 |
| Buyer | ADVANCED DEVELOPMENT & INVESTMENT INC |
| Seller | FLAMINGO INVESTMENTS |
13915 Oxnard St Van Nuys Multifamily Investment
This 49-unit property built in 2001 sits in a neighborhood ranking in the top quartile nationally for housing metrics, with strong renter density at 75.8% of housing units according to CRE market data from WDSuite.
The Van Nuys neighborhood demonstrates strong fundamentals for multifamily investment, ranking 158th among 1,441 metro neighborhoods for housing performance. With 75.8% of housing units occupied by renters—ranking in the 98th percentile nationally—the area maintains a robust rental market that supports consistent tenant demand.
Built in 2001, this property aligns with the neighborhood's construction profile while offering potential capital planning advantages over older inventory. The area's median home value of $860,298 reinforces rental demand, as elevated ownership costs sustain reliance on multifamily housing for area residents.
Demographics within a 3-mile radius show a stable tenant base with 261,446 residents and household incomes averaging $114,971. The neighborhood's 96.8% occupancy rate ranks in the 82nd percentile nationally, indicating strong absorption and retention dynamics. High-density amenities including 8.37 grocery stores per square mile (99th percentile nationally) and extensive childcare options support tenant retention and appeal.
Rent levels of $1,596 median contract rent have grown 40% over five years, though rent-to-income ratios present affordability considerations for lease management. The area's NOI per unit averaging $11,629 ranks in the 87th percentile nationally, reflecting the neighborhood's income-generating potential for multifamily operators.
The neighborhood demonstrates improving safety trends with property crime rates declining 77.6% year-over-year, ranking in the 97th percentile nationally for crime reduction. Current property offense rates of 104.2 per 100,000 residents rank 257th among 1,441 metro neighborhoods.
Violent crime rates have similarly declined 94.1% annually, placing the area in the 99th percentile nationally for violent crime improvement. While absolute crime rankings remain competitive among Los Angeles metro neighborhoods, the strong downward trajectory in both property and violent offenses suggests stabilizing conditions that support tenant retention and property values.
The property benefits from proximity to major entertainment and corporate employers that anchor the San Fernando Valley workforce, supporting consistent rental demand from industry professionals.
- Charter Communications — telecommunications (5.4 miles)
- Radio Disney — media & entertainment (5.7 miles)
- Disney — entertainment & media (6.6 miles) — HQ
- Live Nation Entertainment — entertainment services (7.6 miles) — HQ
- Activision Blizzard Studios — gaming & technology (8.0 miles)
This Van Nuys property offers exposure to a high-density rental market with demonstrated occupancy stability and strong NOI performance. The neighborhood's 96.8% occupancy rate and 75.8% renter-occupied housing units create a deep tenant pool, while the 2001 construction year positions the asset for value-add opportunities without immediate major capital requirements. According to multifamily property research from WDSuite, the area's housing metrics rank in the top quartile nationally, supporting long-term rental demand fundamentals.
Demographic projections within a 3-mile radius indicate household growth of 32% through 2028, expanding the potential renter base while median household incomes are forecast to increase 41% to $115,396. The property's location near major entertainment and technology employers provides workforce housing appeal, though investors should monitor rent-to-income ratios and competitive pressure from the area's ongoing development activity.
- Strong rental fundamentals with 96.8% neighborhood occupancy and 75.8% renter tenure
- NOI per unit averaging $11,629 ranks in 87th percentile nationally
- Projected 32% household growth and 41% income increases through 2028
- Proximity to Disney, Live Nation, and major San Fernando Valley employers
- Risk considerations include rent-to-income pressures and competitive development activity