| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14237 W Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1973 |
| Units | 22 |
| Transaction Date | 2020-12-17 |
| Transaction Price | $3,125,000 |
| Buyer | 14237 VANOWEN STREET LLC |
| Seller | SECURED INCOME FUND II LLC |
14237 W Vanowen St, Van Nuys Multifamily Investment
Neighborhood occupancy is solid with a deep renter base, according to WDSuite’s CRE market data, positioning this 22-unit asset to serve stable, everyday renter demand in the San Fernando Valley.
The property sits in Van Nuys within the Los Angeles-Long Beach-Glendale metro, where the neighborhood carries a B+ rating and functions as an Urban Core location. Amenity access is competitive among 1,441 metro neighborhoods (ranked 295), with strong density of groceries, cafes, and pharmacies; nationally, amenity availability trends above average. Average school ratings in the area are modest, which can influence unit mix appeal toward smaller households and singles rather than school-driven moves.
Multifamily fundamentals are steady. Neighborhood occupancy is above national norms and renter concentration is high, with roughly two-thirds of housing units renter-occupied. For investors, this indicates a sizable tenant pool and supports leasing stability through cycles, based on CRE market data from WDSuite. Median contract rents have risen over the past five years, while the rent-to-income ratio suggests monitoring affordability to sustain retention.
Asset vintage is 1973 versus a neighborhood average around 1979. The older vintage points to typical capital planning needs and potential value-add through unit upgrades and systems modernization. Smaller average unit sizes at the property can align with workforce renters seeking efficient layouts in a high-cost ownership market, where elevated home values tend to reinforce reliance on multifamily rentals and support pricing power for well-maintained assets.
Within a 3-mile radius, demographic data show a slight population contraction over the last five years but an increase in households, with projections indicating further growth in household counts alongside smaller average household sizes. For investors, this points to a larger tenant base of smaller households entering the market over time, which can support occupancy stability and absorption of renovated units. These trends reflect broader Los Angeles dynamics where high home values and ongoing renter demand underpin multifamily performance.
Safety trends are comparatively favorable. The neighborhood scores in the top quartile nationally for overall safety, and recent year-over-year estimates indicate pronounced declines in both violent and property offenses, according to WDSuite’s CRE market data. For investors, this reduces one common leasing friction point and can aid retention, especially for renovated or professionally managed assets.
As always, safety conditions vary by block and can change over time; investors should validate on-the-ground conditions and review the most recent local reports to complement metro- and national-level indicators.
Proximity to major entertainment and telecom employers supports a broad workforce tenant base and commute convenience for residents. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Thermo Fisher Scientific.
- Charter Communications — telecommunications (5.7 miles)
- Radio Disney — media (6.5 miles)
- Disney — media & entertainment (7.3 miles) — HQ
- Live Nation Entertainment — live entertainment (8.7 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.7 miles)
14237 W Vanowen St is a 22-unit, 1973-vintage asset positioned in a renter-heavy Van Nuys neighborhood where occupancy remains resilient and amenities are accessible. Elevated home values in the area sustain renter reliance on multifamily housing, while neighborhood rents have trended upward, according to CRE market data from WDSuite. The property’s smaller average unit size can target workforce renters and singles seeking efficient space, with value-add potential through interior upgrades and building system modernization.
Within a 3-mile radius, households have increased and are projected to grow further even as average household size declines, pointing to a larger pool of smaller households that can support steady tenant demand. Investors should balance these strengths against affordability pressure (rent-to-income) and typical capex for a 1970s building, while leveraging the deep local renter base to maintain occupancy and retention.
- Renter-heavy neighborhood and solid occupancy support leasing stability
- 1973 vintage offers value-add and modernization upside
- Elevated ownership costs reinforce rental demand and pricing power for well-positioned units
- Household growth within 3 miles expands the tenant base over time
- Risks: affordability pressure and 1970s capex needs require active asset and lease management