| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14333 Friar St, Van Nuys, CA, 91401, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1979 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14333 Friar St, Van Nuys CA Multifamily Investment
Neighborhood occupancy trends sit in the mid‑90s and renter concentration is high, signaling durable tenant demand according to WDSuite’s CRE market data. Positioned in Los Angeles’ San Fernando Valley, the asset benefits from strong local amenities that support leasing stability.
This Urban Core neighborhood in Van Nuys carries a B rating and posts amenity strength that is above national medians, with dense access to groceries, pharmacies, childcare, and cafes. Amenity rank places it competitive among Los Angeles-Long Beach-Glendale’s 1,441 neighborhoods, while park access is limited, which investors should consider when marketing to outdoor-oriented renters.
The area’s housing stock skews older (average 1968), and a 1979 vintage positions this property somewhat newer than the neighborhood norm — supporting relative competitiveness versus older inventory. Given age, investors should plan for ongoing systems updates and select value‑add interior upgrades to sustain leasing velocity.
Renter‑occupied share is elevated at the neighborhood level (around four out of five housing units are renter‑occupied), indicating a deep tenant base and steady multifamily demand. Neighborhood occupancy is above the national median, supporting income consistency, though investors should still underwrite normal turnover for assets of this vintage.
Within a 3‑mile radius, household counts have begun to rise even as population trends are flat to slightly negative, reflecting smaller household sizes and potential renter pool expansion. Median incomes have been increasing and are projected to climb further by 2028, while contract rents are also projected to grow; together, this supports revenue potential but warrants attention to affordability pressure and lease management.
Home values are elevated for the region (high national percentile), and the value‑to‑income ratio ranks among the higher tiers metro‑wide. In practice, this high‑cost ownership landscape tends to reinforce reliance on rental housing, which can aid retention and pricing power for well‑maintained, appropriately positioned units.
Safety indicators compare favorably, with the neighborhood landing above the national median (73rd percentile nationally) and competitive among Los Angeles-Long Beach-Glendale’s 1,441 neighborhoods based on recent data. Year‑over‑year estimates show sharp declines in both violent and property offenses, a positive directional trend for investor risk assessment.
As with any urban submarket, conditions can vary by block and over time; investors should corroborate trends with on‑site observations and current reports, using the metro rank context to compare this area against other Los Angeles neighborhoods rather than statewide or citywide averages.
Nearby media, entertainment, and corporate offices provide a broad employment base that supports renter demand and commute convenience for workforce and creative tenants. Key anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Thermo Fisher Scientific.
- Charter Communications — corporate offices (5.9 miles)
- Radio Disney — corporate offices (6.4 miles)
- Disney — corporate offices (7.2 miles) — HQ
- Live Nation Entertainment — corporate offices (8.2 miles) — HQ
- Thermo Fisher Scientific — corporate offices (8.5 miles)
14333 Friar St offers 34 units with efficient average layouts around 659 sq. ft., appealing to renters prioritizing access to jobs and services in the San Fernando Valley. Neighborhood occupancy sits above the national median and renter concentration is high, supporting demand durability. The 1979 vintage is newer than the area’s typical 1960s stock, which can provide a competitive edge versus older properties while still leaving room for targeted modernization to bolster rent positioning and retention.
Elevated home values and a high value‑to‑income environment reinforce reliance on multifamily housing. Within a 3‑mile radius, households are increasing and are projected to grow further by 2028 even as average household size trends lower — dynamics that generally expand the renter pool and support occupancy stability. At the same time, rising rents relative to incomes suggest careful affordability management. These dynamics, according to CRE market data from WDSuite, indicate stable baseline demand with actionable value‑add potential and prudent underwriting around rent‑to‑income and operating expenses.
- High renter concentration and above‑median occupancy support leasing stability
- 1979 vintage is newer than neighborhood average, enabling value‑add upgrades for competitive positioning
- Dense amenities and proximity to major employers bolster tenant demand and retention
- Elevated ownership costs in the area sustain multifamily demand and potential pricing power
- Risks: affordability pressure (rent‑to‑income), limited park access, and ongoing capex needs for a late‑1970s asset