| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14419 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2008 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14419 Vanowen St Van Nuys Multifamily Investment
Neighborhood occupancy is steady with a deep renter base, supporting durable leasing fundamentals according to WDSuite’s CRE market data. Elevated ownership costs in Van Nuys further sustain renter demand relative to the broader Los Angeles metro.
This Urban Core location in Van Nuys carries a B+ neighborhood rating and sits above the metro median (ranked 524 among 1,441 Los Angeles neighborhoods), indicating balanced fundamentals for workforce-oriented rentals. Neighborhood occupancy is competitive among Los Angeles neighborhoods (ranked 572 of 1,441) and lands in the top quartile nationally, pointing to relatively stable cash flows at the neighborhood level.
Amenity access is a local strength: grocery, cafe, restaurant, and pharmacy density all score in high national percentiles, supporting day-to-day convenience and leasing appeal. Park access is limited (lowest rank among 1,441 metro neighborhoods), while average school ratings trend below national norms, factors to consider when positioning for family renters.
Renter concentration is high at the neighborhood level (about two-thirds of housing units are renter-occupied; 96th percentile nationally), which signals a deep tenant base and supports demand for professionally managed apartments. Median home values sit in a high-cost ownership market with a value-to-income ratio in the 98th percentile nationally, which tends to reinforce reliance on multifamily housing and can aid pricing power, subject to income levels.
Within a 3-mile radius, households have grown modestly in recent years even as population edged lower, and projections indicate a larger household count alongside smaller average household sizes. This pattern typically expands the renter pool for smaller formats and supports occupancy stability over time, based on WDSuite’s commercial real estate analysis.
Vintage context matters: the average neighborhood construction year skews to 1979, while this property was built in 2008. The newer vintage offers relative competitiveness versus older stock; investors should still plan for ongoing system updates and selective modernization to sustain leasing performance.
Safety trends benchmark favorably in comparative terms. The neighborhood’s overall crime positioning is competitive among Los Angeles neighborhoods (ranked 295 of 1,441) and rates in the top quartile nationally, indicating comparatively lower incident levels versus many peer areas. According to WDSuite’s CRE market data, both violent and property offense rates show notable year-over-year improvement, which supports renter retention and leasing stability.
Conditions can vary by block and over time, so prudent underwriting should supplement neighborhood-level indicators with current, property-specific diligence and resident feedback.
Proximity to media, entertainment, and corporate services employers underpins commuter convenience and helps sustain multifamily renter demand in this part of the San Fernando Valley. Nearby anchors include Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Live Nation Entertainment.
- Charter Communications — corporate offices (5.9 miles)
- Radio Disney — corporate offices (6.7 miles)
- Disney — corporate offices (7.5 miles) — HQ
- Thermo Fisher Scientific — corporate offices (8.5 miles)
- Live Nation Entertainment — corporate offices (8.7 miles) — HQ
The investment case centers on durable renter demand in a high-cost ownership market and occupancy stability at the neighborhood level. With renter-occupied housing comprising a large share of units and neighborhood occupancy ranking competitive among Los Angeles areas and strong nationally, the submarket supports consistent leasing. Elevated home values relative to incomes reinforce reliance on rentals, while the local amenity mix strengthens day-to-day appeal for tenants.
Built in 2008, the property is newer than much of the surrounding stock (average 1979), offering relative competitiveness while still benefitting from targeted modernization to drive rent positioning. Within a 3-mile radius, smaller household sizes alongside a growing household count point to a larger tenant base for multifamily. According to multifamily property research from WDSuite, affordability pressures warrant disciplined lease management, but the combination of renter depth and location fundamentals supports a long-term hold thesis.
- Competitive neighborhood occupancy and deep renter base support leasing stability
- 2008 vintage out-positions older local stock; targeted updates can enhance returns
- High-cost ownership market sustains multifamily demand and pricing power
- Amenity-rich corridor with proximity to major employers aids retention
- Risks: limited park access, below-average school ratings, and affordability pressure require careful leasing and capex planning