| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14154 Gilmore St, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14154 Gilmore St, Van Nuys CA — 26-Unit Value-Add Multifamily
Renter demand is deep and occupancy has been steady at the neighborhood level, according to WDSuite’s CRE market data, supporting a durable baseline for cash flow. Built in 1977, the asset skews newer than nearby stock and may offer renovation upside to enhance competitive positioning.
The Van Nuys Urban Core location offers everyday convenience that supports leasing velocity. Amenity access ranks in the top quartile among 1,441 Los Angeles metro neighborhoods, with dense coverage of groceries, pharmacies, and dining. This concentration of services typically reduces resident friction and can aid retention relative to amenity-scarce submarkets.
At the neighborhood level, multifamily occupancy is around 94%, and approximately 80.9% of housing units are renter-occupied. For investors, that high renter concentration signals a broad tenant base and generally stable absorption for similar product, while still requiring attentive lease management through cycles.
Rents here sit above national norms (neighborhood rent levels benchmarked in the upper quartiles), while neighborhood home values are elevated versus the nation. In practice, a high-cost ownership market tends to reinforce reliance on rental housing, supporting depth of demand; however, a rent-to-income ratio near one-third suggests affordability pressure that can temper pricing power and calls for thoughtful renewal strategies.
Within a 3-mile radius, demographics show a modest population dip but an increase in total households, pointing to smaller household sizes and a gradually expanding renter pool. Forward-looking projections indicate additional household growth alongside a lower average household size, which can support occupancy stability even if population growth is muted. These dynamics, paired with accessible transit connections across the Valley and into greater Los Angeles, position the asset competitively among workforce-oriented rentals.
School ratings in the immediate area average below national norms, which is a neutral-to-slight headwind for family-targeted leasing mixes. Park access is limited within the neighborhood footprint, so on-site amenities and walkable private open space can be differentiators versus older, less updated stock.
Neighborhood safety benchmarks are above the metro median and roughly top quartile nationally, based on WDSuite’s crime indices for this area. Recent data also indicate notable year-over-year reductions in both property and violent offenses, with improvements ranking in high national percentiles for one-year trend.
As with any urban Los Angeles location, investors should underwrite prudent security measures and lighting, but current trendlines suggest conditions that are competitive among Los Angeles neighborhoods (ranked 444 out of 1,441 metro neighborhoods).
Proximity to major entertainment and media employers underpins renter demand and commute convenience. Nearby anchors include Charter Communications, Radio Disney, The Walt Disney Company, Live Nation, and Activision Blizzard Studios.
- Charter Communications — telecommunications (5.6 miles)
- Radio Disney — media (6.2 miles)
- Disney — entertainment (7.0 miles) — HQ
- Live Nation Entertainment — entertainment offices (8.2 miles)
- Activision Blizzard Studios — gaming & media (8.6 miles)
14154 Gilmore St is a 26-unit 1977-vintage asset positioned in an Urban Core pocket of Van Nuys where amenity density and high renter concentration support steady demand. Neighborhood occupancy has been resilient and renter-occupied share is high, while elevated for-sale home values sustain reliance on multifamily. According to commercial real estate analysis from WDSuite, local rent levels benchmark above national norms, suggesting competitive positioning for stabilized operations with careful attention to renewal economics.
The 1977 construction is newer than the area’s average vintage, indicating potential to outperform older stock with targeted interior and systems upgrades. Household growth within a 3-mile radius, alongside smaller household sizes, points to a broader tenant base over time. Key risks to underwrite include affordability pressure (given rent-to-income levels), limited nearby park access, and below-average school ratings, all of which argue for disciplined unit finishes, amenity programming, and retention strategies.
- High renter concentration and steady neighborhood occupancy support baseline stability
- Amenity-rich Urban Core location aids leasing velocity and retention
- 1977 vintage offers clear value-add path to compete against older local stock
- Household growth within 3 miles expands the tenant base despite flat population
- Risks: rent-to-income pressures, limited park access, and softer school ratings