| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 28th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14335 Sherman Way, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1974 |
| Units | 107 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14335 Sherman Way Van Nuys Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite s CRE market data for the area surrounding 14335 Sherman Way. Investor focus centers on a deep renter pool and proximity to major employment nodes that help support leasing stability.
Situated in Van Nuys within the Los Angeles metro, the neighborhood scores as B- Urban Core and is competitive among Los Angeles neighborhoods for overall amenities (rank 486 of 1,441). Grocery and pharmacy access track well above national norms, with restaurants also dense by national comparison, while parks and cafes are more limited. For investors, this mix supports daily convenience and service-oriented demand drivers even if green space and third-place amenities are thinner nearby.
Multifamily operations are underpinned by a high share of renter-occupied housing units in the neighborhood (roughly two-thirds), indicating depth in the tenant base and consistent leasing interest. Neighborhood occupancy trends sit above national medians per WDSuite, supporting a view of relatively stable in-place cash flows, though property-level performance will vary by asset quality and management.
Relative positioning versus national benchmarks is constructive: housing and NOI-per-unit indicators track above national averages, with NOI per unit in the top quartile nationally. Combined with strong grocery, pharmacy, and restaurant density (each well into the 90th-percentile range nationally), the location fundamentals align with workforce-oriented demand and day-to-day convenience.
Within a 3-mile radius, demographics show modest population softening but an increase in household count and a decline in average household size. This shift generally broadens the renter pool and can support occupancy and turnover management, especially for well-maintained, mid-size units typical of the submarket.
Safety indicators for the neighborhood compare favorably to many areas nationwide, with current estimates placing violent incidents on the safer side of national distributions and property offenses around mid-to-better ranges. Recent data also show meaningful year-over-year declines in both violent and property offense estimates, according to WDSuite s CRE datasets. Conditions vary by block and over time, so investors should pair these metro- and national-level readings with on-the-ground diligence.
Proximity to regional corporate offices supports commuter convenience and renter retention, with concentrations in media, entertainment, and corporate services. Notable nearby employers include Charter Communications, Radio Disney, The Walt Disney Company, Thermo Fisher Scientific, and Live Nation Entertainment.
- Charter Communications corporate offices (5.8 miles)
- Radio Disney corporate offices (6.8 miles)
- Disney corporate offices (7.6 miles) HQ
- Thermo Fisher Scientific corporate offices (8.7 miles)
- Live Nation Entertainment corporate offices (9.0 miles)
The asset s Van Nuys location benefits from a renter-heavy housing stock and neighborhood occupancy that trends above national norms, supporting income durability for well-positioned properties. Elevated ownership costs in the area help sustain reliance on multifamily, while service-rich amenities (notably groceries, pharmacies, and restaurants) reinforce day-to-day livability that can aid retention. Based on CRE market data from WDSuite, neighborhood-level NOI-per-unit sits in the upper tiers nationally, consistent with steady operating fundamentals.
Within a 3-mile radius, households are growing even as population edges down and average household size declines, a pattern that typically expands the renter pool and supports leasing velocity for practical unit sizes. Key watch items include rent-to-income pressure in this high-cost ownership market and thinner park/cafe access, which place a premium on asset-level amenities and thoughtful lease management.
- Renter-heavy neighborhood supports depth of tenant demand and occupancy stability.
- Elevated ownership costs reinforce reliance on multifamily housing and pricing power.
- Amenities skew toward daily needs (grocery, pharmacy, restaurants), aiding retention.
- 3-mile household growth and smaller household sizes point to a broader renter pool.
- Risks: affordability pressure (rent-to-income), softer parks/cafes, and localized variability.