| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14360 Vose St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1978 |
| Units | 40 |
| Transaction Date | 1996-08-19 |
| Transaction Price | $1,479,900 |
| Buyer | STATE STREET BANK & TRUST COMPANY |
| Seller | KLEIN ARNOLD |
14360 Vose St, Van Nuys Multifamily Investment
Renter demand is supported by a high renter-occupied housing base and a high-cost ownership market, according to WDSuite’s CRE market data. This positions the asset for steadier leasing in a core San Fernando Valley location.
Situated in Van Nuys’ Urban Core, the property benefits from neighborhood fundamentals that are competitive among 1,441 Los Angeles metro neighborhoods. Occupancy performance ranks above the metro median, and a renter-occupied housing share near the top decile nationally signals a deep tenant pool for multifamily owners. Median contract rents in the area have grown over the last five years, while rent-to-income levels suggest investors should monitor affordability to support retention.
Access to daily needs is a local strength: grocery and restaurant densities are in the upper national percentiles, and cafes score similarly well. These amenity concentrations support convenience-led leasing and help reduce turnover risk. Average school ratings trail national norms, which may lessen appeal for some family renters but can keep demand steady among workforce and young adult cohorts.
Within a 3-mile radius, households have increased even as overall population has edged lower, indicating smaller household sizes and an expanding addressable renter base. Income measures have trended upward, and elevated home values relative to incomes reflect a high-cost ownership market that tends to sustain reliance on rental housing—supportive of pricing power when combined with stable occupancy. This dynamic aligns with insights from WDSuite’s multifamily property research.
Relative to national CRE trends, the neighborhood’s housing metrics score in the upper percentiles, and amenity access places it in the top quartile nationally. Taken together, these factors point to durable tenant demand with balanced, management-driven execution around rent affordability and renewal strategy.
Safety indicators for the neighborhood compare favorably to many urban areas: the area sits above the metro median (ranked better than more than half of 1,441 Los Angeles neighborhoods) and in the upper national percentiles for safety. Recent year-over-year trends show sharp declines in both property and violent offense estimates, placing the neighborhood’s improvement metrics among the strongest nationally.
While no single metric captures block-level conditions, the combination of above-metro safety positioning and improving trend lines suggests a constructive backdrop for resident retention and leasing stability. Investors should continue to track trajectory rather than single-period readings to inform underwriting and on-site security planning.
Proximity to major employment nodes underpins renter demand and commute convenience, with nearby roles in media, communications, insurance, and life sciences. Employers include Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Farmers Insurance.
- Charter Communications — telecommunications (5.8 miles)
- Radio Disney — media (6.8 miles)
- Disney — media & entertainment (7.5 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.6 miles)
- Farmers Insurance Exchange — insurance (9.0 miles) — HQ
This 40-unit asset in Van Nuys is positioned in a renter-heavy neighborhood with occupancy performance above the metro median and amenity access in the top quartile nationally. Elevated ownership costs and rising household incomes support sustained reliance on rental housing, while increasing household counts within a 3-mile radius point to a broader tenant base even as overall population growth moderates. According to CRE market data from WDSuite, these conditions typically underpin steadier leasing and renewal potential relative to metro peers.
Operationally, the investment case centers on capturing demand from workforce and young professional households, with management discipline around affordability to protect retention and reduce turnover. School ratings below national averages and limited park access are modest headwinds, but the employment base and amenity density provide counterweights that can support occupancy stability and measured rent growth.
- Renter-heavy neighborhood and above-metro occupancy support a deep tenant base
- High-cost ownership market reinforces rental demand and renewal leverage
- Strong amenity access (groceries, restaurants, cafes) aids leasing and retention
- Household growth within 3 miles broadens the addressable renter pool
- Risks: below-average school ratings, limited park access, and affordability management