| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14415 Vose St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1987 |
| Units | 25 |
| Transaction Date | 1995-10-02 |
| Transaction Price | $168,000 |
| Buyer | NAZARI SHAHPOUR |
| Seller | HAN CHONG S |
14415 Vose St Van Nuys Multifamily Investment
This 25-unit property built in 1987 operates in a high-density rental market where 67.5% of housing units within a 3-mile radius are renter-occupied, supporting consistent tenant demand according to WDSuite's CRE market data.
The Van Nuys neighborhood ranks 524th among 1,441 Los Angeles metro neighborhoods and earns a B+ rating, positioning it competitively for multifamily investments. Neighborhood-level occupancy reaches 96.2%, reflecting strong rental market fundamentals that have improved 1.5 percentage points over five years. The area maintains a robust rental tenure profile, with 65.2% of housing units occupied by renters—placing it in the top quartile nationally for rental density.
Built in 1987, this property aligns with the neighborhood's average construction year of 1979, suggesting consistent building stock without immediate capital expenditure pressures typical of significantly older properties. The area demonstrates solid amenity access, ranking in the 76th percentile nationally, with strong grocery store density (5.16 per square mile) and childcare availability (3.87 per square mile) that supports tenant retention.
Demographics within a 3-mile radius show a stable renter pool of approximately 293,000 residents, with median household income of $70,275 that has grown 37.3% over five years. Projections indicate household count growth of 28.8% by 2028, expanding the potential tenant base. However, the rent-to-income ratio of 0.27 ranks in the 10th percentile nationally, indicating affordability pressure that requires careful lease management and retention strategies.
Home values averaging $745,738 represent a 57.2% increase over five years, with a value-to-income ratio ranking in the 98th percentile nationally. These elevated ownership costs reinforce rental demand by keeping households in the multifamily market, though investors should monitor potential competition from ownership options as income growth continues.
The neighborhood demonstrates improving safety trends that support tenant retention and leasing stability. Crime metrics rank 295th among 1,441 Los Angeles metro neighborhoods, placing the area in the 78th percentile nationally for safety performance. Property offense rates have declined significantly by 83.2% year-over-year, ranking in the 98th percentile for improvement trends.
Violent crime rates also show substantial improvement, declining 91.5% annually and ranking in the 99th percentile for positive change. While absolute crime levels remain moderate relative to the broader metro area, the consistent downward trajectory in both property and violent offenses indicates neighborhood stabilization that can enhance long-term investment appeal and resident satisfaction.
The Van Nuys submarket benefits from proximity to major corporate employers across entertainment, telecommunications, and financial services sectors, providing diverse employment opportunities that support renter demand and commute convenience.
- Charter Communications — telecommunications (5.9 miles)
- Radio Disney — media & entertainment (6.8 miles)
- Disney — entertainment & media (7.6 miles) — HQ
- Thermo Fisher Scientific — life sciences & technology (8.5 miles)
- Farmers Insurance Exchange — insurance services (8.9 miles) — HQ
This 25-unit Van Nuys property offers exposure to a high-density rental market with strong occupancy fundamentals and improving safety trends. The neighborhood's 96.2% occupancy rate and top-quartile national ranking for rental tenure (65.2% renter-occupied units) indicate consistent demand depth. Projected household growth of 28.8% by 2028 within a 3-mile radius supports long-term tenant pool expansion, while elevated home values averaging $745,738 reinforce rental market reliance.
Built in 1987, the property aligns with neighborhood construction norms without immediate capital expenditure pressures. However, the rent-to-income ratio ranking in the 10th percentile nationally signals affordability challenges that require proactive lease management. According to multifamily property research from WDSuite, crime reduction trends show property offenses declining 83.2% year-over-year, enhancing the area's investment appeal through improved tenant retention prospects.
- Neighborhood-level occupancy of 96.2% with 5-year improvement trend
- Top-quartile rental density nationally supports consistent demand
- Projected 28.8% household growth by 2028 expands tenant base
- Major corporate employers within 9 miles provide employment stability
- Risk: Rent-to-income pressures require careful lease management strategies