| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14200 Victory Blvd, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 40 |
| Transaction Date | 1996-04-26 |
| Transaction Price | $1,500,000 |
| Buyer | FEDERAL DEPOSIT INSURANCE CORPORATION |
| Seller | 14200 VICTORY ASSOCIATES |
14200 Victory Blvd Van Nuys Multifamily Investment
40-unit property in high-density rental market with 80.9% renter occupancy and strong tenant retention fundamentals. Neighborhood-level data from WDSuite indicates occupancy rates remain above 94% despite regional headwinds.
Van Nuys represents an established urban core rental market with 80.9% of housing units occupied by renters, ranking in the top quartile nationally among rental-dense neighborhoods. Built in 1986, this property aligns with the neighborhood's average construction year of 1968, positioning it as newer vintage stock that may require less immediate capital expenditure compared to older area properties.
The 3-mile demographic radius encompasses 275,300 residents with median household income of $75,936, showing 31% growth over five years. Household projections indicate continued expansion with forecasted income growth to $108,138 by 2028, supporting rental demand sustainability. The high renter concentration reinforces multifamily housing reliance in this submarket.
Neighborhood amenities support tenant retention with grocery stores at 7.81 per square mile (98th percentile nationally) and restaurant density of 14.75 per square mile (94th percentile). Current median contract rent of $1,471 reflects 33.6% growth over five years, while maintaining occupancy levels above metro averages at 94.1%. The rent-to-income ratio suggests affordability pressures that warrant careful lease management consideration.
Property crime rates in the neighborhood show improvement trends, with estimated rates declining 78.8% year-over-year, ranking in the 97th percentile nationally for crime reduction. Violent crime rates similarly decreased 92.2% annually, placing the area in the 99th percentile for violent crime improvement nationwide.
Current property crime levels rank 533rd among 1,441 Los Angeles metro neighborhoods, indicating middle-tier positioning. While absolute crime metrics require ongoing monitoring, the significant year-over-year improvements in both categories suggest positive trajectory for tenant safety perceptions and retention considerations.
Major corporate presence within commuting distance supports workforce housing demand, with several Fortune 500 headquarters and entertainment industry offices anchoring employment stability.
- Charter Communications — telecommunications (5.7 miles)
- Radio Disney — media & entertainment (6.2 miles)
- Disney — entertainment & media (7.0 miles) — HQ
- Live Nation Entertainment — entertainment services (8.1 miles) — HQ
- Activision Blizzard Studios — gaming & technology (8.6 miles)
This 40-unit Van Nuys property capitalizes on established rental market fundamentals in a neighborhood ranking in the 99th percentile nationally for renter concentration. Commercial real estate analysis from WDSuite shows the area maintains 94.1% occupancy rates while demographics project household growth and income expansion through 2028, supporting sustained tenant demand.
The 1986 construction year positions this asset as newer vintage relative to neighborhood norms, potentially reducing near-term capital expenditure while benefiting from proximity to major entertainment and technology employers. Average unit size of 886 square feet aligns with area rental preferences, though rent-to-income dynamics require active lease management to maintain competitive positioning.
- High renter density market with 80.9% rental occupancy supporting tenant pool depth
- Stable neighborhood occupancy at 94.1% above regional averages
- Proximity to major employers including Disney and Live Nation headquarters
- Projected household income growth of 42% by 2028 supporting rent growth potential
- Risk consideration: Rent-to-income ratios require careful lease management and renewal strategies