| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 35th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14420 Vose St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | 2024-12-05 |
| Transaction Price | $3,850,000 |
| Buyer | 14420 VISTA REAL APARTMENTS LLC |
| Seller | VOSE MANOR LP |
14420 Vose St, Van Nuys CA Multifamily Value-Add
Positioned in an Urban Core pocket of Van Nuys with strong renter demand and steady neighborhood occupancy, this 25-unit asset offers potential renovation upside, according to WDSuite’s CRE market data and commercial real estate analysis.
The property sits in a B+ rated Urban Core neighborhood that is competitive among Los Angeles-Long Beach-Glendale neighborhoods, supported by a renter-occupied share near two-thirds of units locally. That depth of renter concentration signals a broad tenant base for multifamily owners and helps support leasing continuity.
Livability is anchored by dense daily-needs retail: groceries and pharmacies score in the top decile nationally, and dining and cafes are also strong. Park access is limited immediately nearby, but the amenity mix skews toward urban convenience rather than open space. Average school ratings in the area trend below national medians, which investors may consider when positioning unit mix and amenities.
Neighborhood occupancy is high and has edged up over the last five years, indicating resilient renter demand. Median contract rents in the area have risen over the recent period, while the rent-to-income profile suggests some affordability pressure; owners may want to balance pricing strategies with retention and renewal management.
The asset’s 1972 vintage is slightly older than the local average stock (late 1970s). That age profile often presents value-add opportunities through unit modernization and systems upgrades, with the potential to enhance competitive position versus newer product. Elevated home values in this part of Los Angeles County reinforce reliance on rental housing, which can support occupancy stability and pricing power for well-maintained multifamily assets.
Within a 3-mile radius, demographics show households have increased even as average household size has eased, and projections point to further household growth with rising incomes. This pattern indicates a gradual expansion of the renter pool, supporting demand for smaller, efficient units and sustained absorption for workforce-oriented housing.
Safety indicators show improving momentum: estimated violent and property offense rates have fallen sharply year over year, placing recent declines among the strongest improvements nationally. Overall, the neighborhood compares favorably on a national basis, trending in the top quartile for safety relative to neighborhoods nationwide, while conditions can vary block to block as in most Urban Core areas.
Investors should view the positive trend as supportive for leasing stability and renewal rates, while continuing standard risk controls such as lighting, access management, and community engagement to sustain on-site performance.
Employment access is diversified across media, entertainment, insurance, and life sciences, supporting a broad renter base and commute convenience for workforce tenants. Nearby anchors include Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Farmers Insurance Exchange.
- Charter Communications — telecommunications (5.9 miles)
- Radio Disney — media (6.8 miles)
- Disney — media & entertainment (7.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.5 miles)
- Farmers Insurance Exchange — insurance (8.9 miles) — HQ
14420 Vose St is a 25-unit, 1972-vintage asset in Van Nuys, positioned within an Urban Core neighborhood that exhibits strong renter concentration and high occupancy. Elevated ownership costs in the area help sustain multifamily demand, and recent safety trends have improved materially. Based on CRE market data from WDSuite, neighborhood occupancy has remained robust with incremental gains, while median rents have advanced alongside income growth, supporting a case for steady cash flow with thoughtful lease management.
The property’s older vintage relative to nearby stock suggests clear value-add pathways—interior upgrades and targeted system improvements—to enhance competitiveness against newer product. Within a 3-mile radius, household counts are rising and are projected to grow further as household sizes decline, indicating a larger tenant base over time. Investors should still account for affordability pressure in pricing and renewals and note limited immediate park access when refining the amenity package.
- High neighborhood occupancy and durable renter demand support leasing stability
- 1972 vintage offers value-add potential through renovations and modernization
- Strong urban amenities and major employment centers within 6–9 miles aid retention
- Rising incomes and growing household counts within 3 miles expand the renter pool
- Risks: rent-to-income pressure and limited park access require mindful pricing and amenity strategy