| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 28th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14322 Valerio St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1987 |
| Units | 44 |
| Transaction Date | 2021-08-12 |
| Transaction Price | $10,000,000 |
| Buyer | 88 INVESTMENTS LLC |
| Seller | 14322 VALERIO LLC |
14322 Valerio St Van Nuys Multifamily Investment
Neighborhood-level renter concentration and steady occupancy suggest durable tenant demand in this Urban Core pocket of Van Nuys, according to WDSuite’s CRE market data. Metrics cited reflect the surrounding neighborhood, not the property’s own operations.
The property sits in a Van Nuys neighborhood rated B- within the Los Angeles-Long Beach-Glendale metro, with amenity access that is competitive among metro peers (ranked within the stronger 40% of 1,441 neighborhoods). Grocery, pharmacy, and dining density test well above national averages, supporting day-to-day convenience for residents, though cafes and parks are relatively limited within the immediate neighborhood footprint.
Occupancy in the neighborhood is above national norms and roughly mid-pack within the Los Angeles metro. The share of housing units that are renter-occupied is high — in the top quartile among 1,441 Los Angeles neighborhoods and in a strong national percentile — indicating a deep local tenant base and support for multifamily leasing stability.
Construction year averages in the area skew to the mid-1970s. With a 1987 vintage, this asset is newer than much of the surrounding stock, which can aid competitive positioning while still warranting selective modernization and systems upgrades as part of capital planning.
Within a 3-mile radius, households have grown recently and are projected to expand further even as overall population trends modestly lower — a pattern consistent with smaller household sizes. For investors, that implies a larger pool of households seeking rental options, steady absorption potential, and support for occupancy management. Elevated home values relative to incomes in the neighborhood reinforce reliance on rental housing, which can aid tenant retention and pricing power when paired with disciplined lease management.
Safety indicators for the neighborhood compare favorably to many areas nationwide, with recent data showing above-median national standing. Within the Los Angeles metro, however, reported incidents appear elevated relative to several peer neighborhoods, so investors should underwrite security, lighting, and visible management presence to meet renter expectations.
Trend signals are constructive: both violent and property offense rates show sharp year-over-year declines, according to CRE market data from WDSuite. This trajectory, while not a guarantee, points to improving conditions that can support resident retention and leasing confidence if sustained.
Nearby corporate offices provide a diversified employment base that supports renter demand and commuting convenience, led by media, entertainment, communications, insurance, and life sciences employers listed below.
- Charter Communications — communications (5.77 miles)
- Radio Disney — media (6.92 miles)
- Disney — entertainment (7.63 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.73 miles)
- Farmers Insurance Exchange — insurance (9.10 miles) — HQ
This 1987, 44-unit asset benefits from a renter-heavy neighborhood, strong daily-needs access, and occupancy that sits above national norms. Being newer than much of the local 1970s-era stock supports competitive positioning; targeted upgrades can further differentiate the property and drive rent trade‑outs while managing operating costs. Elevated ownership costs in the area sustain reliance on multifamily housing, which can aid lease retention and pricing power.
Within a 3-mile radius, households have increased and are projected to grow further even as population edges down, implying smaller household sizes and a broader renter pool. According to CRE market data from WDSuite, neighborhood rents and incomes have been rising, while net operating performance is competitive versus metro and national cohorts — a setup that supports stable cash flow with selective value-add execution. Investors should also account for affordability pressure and localized safety perceptions in leasing and asset management plans.
- Renter-occupied share in the top quartile among 1,441 Los Angeles neighborhoods supports a deep tenant base
- 1987 vintage offers relative age advantage versus 1970s neighborhood stock with targeted upgrade potential
- Daily-needs density (grocery, pharmacy, restaurants) well above national averages aids leasing and retention
- Competitive operating performance per WDSuite’s CRE market data underpins income stability
- Risks: manage affordability pressure and localized safety perceptions; amenity gaps (parks/cafes) may require on-site programming