| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14420 Kittridge St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1987 |
| Units | 83 |
| Transaction Date | 1997-07-08 |
| Transaction Price | $4,900,000 |
| Buyer | THE LIFE INSURANCE COMPANY OF VIRGINIA |
| Seller | KITTRIDGE GARDEN ASSOCIATES |
14420 Kittridge St Van Nuys Multifamily Investment
This 83-unit property capitalizes on Van Nuys' strong renter concentration, with neighborhood-level occupancy tracking above 94% according to WDSuite's CRE market data. The area's elevated home values sustain rental demand while supporting stable lease retention dynamics.
Van Nuys presents a compelling investment environment with 80.9% of housing units renter-occupied, ranking in the top quartile nationally among neighborhoods and supporting deep multifamily demand. The neighborhood maintains occupancy rates above 94%, reflecting stable tenant retention in a market where elevated home values—at a median of $728,000—limit accessibility to ownership and reinforce reliance on rental housing.
Demographics within a 3-mile radius show a mature rental market with 280,700 residents and household income growth of 32% over five years. The forecast indicates continued household formation, with projected increases to over 130,000 households by 2028, expanding the renter pool and supporting occupancy stability. Contract rents have grown 37% over five years, demonstrating pricing power in this established rental corridor.
Built in 1987, this property is newer than the neighborhood average construction year of 1968, positioning it competitively with reduced near-term maintenance requirements compared to older area stock. The location benefits from strong amenity density, ranking in the 81st percentile nationally, with nearly 8 grocery stores per square mile and extensive childcare options supporting family-oriented tenant retention.
Van Nuys ranks competitively among Los Angeles metro's 1,441 neighborhoods for housing fundamentals, with rent-to-income ratios indicating affordability pressure that requires careful lease management but also reflects the area's rental demand depth. The neighborhood's urban core classification and established renter base provide a foundation for stable multifamily performance.
Van Nuys demonstrates improving safety trends that benefit tenant retention and property operations. The neighborhood ranks in the 73rd percentile nationally for overall crime metrics, positioning it above average compared to neighborhoods nationwide. Property crime rates declined significantly by 79% year-over-year, while violent crime decreased by 92%, indicating strengthening security conditions.
These crime reduction trends, combined with the area's established residential character, support stable tenant occupancy and reduce turnover concerns. The neighborhood's safety profile ranks competitively among Los Angeles metro's 1,441 neighborhoods, providing a foundation for consistent rental operations and resident satisfaction.
Van Nuys benefits from proximity to major corporate employers that support workforce housing demand and commute convenience for tenants. The employment base includes entertainment, telecommunications, and energy companies within reasonable commuting distance.
- Charter Communications — telecommunications (5.9 miles)
- Radio Disney — media & entertainment (6.6 miles)
- Disney — entertainment & media (7.4 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.5 miles)
- Live Nation Entertainment — entertainment services (8.5 miles) — HQ
This Van Nuys property offers exposure to a mature rental market with strong fundamentals. The neighborhood's 80.9% renter concentration ranks in the top quartile nationally, providing deep tenant demand, while occupancy rates above 94% demonstrate market stability. Home values at $728,000 sustain rental demand by limiting ownership accessibility, supporting lease retention and pricing power.
Demographics within a 3-mile radius indicate household growth potential, with projections showing expansion to over 130,000 households by 2028 and median income growth of 43% forecast through 2028. Based on multifamily property research from WDSuite, the property's 1987 construction year positions it competitively against the neighborhood's 1968 average, reducing near-term capital expenditure needs while maintaining market appeal.
- Strong renter concentration at 80.9% supports deep multifamily demand and occupancy stability
- Elevated home values reinforce rental demand and limit ownership competition
- Household growth projections indicate expanding tenant base through 2028
- Property vintage newer than area average reduces near-term maintenance requirements
- Risk: Rent-to-income ratios indicate affordability pressure requiring careful lease management