| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14429 Kittridge St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2003 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14429 Kittridge St Van Nuys Multifamily Investment
Neighborhood fundamentals point to durable renter demand and occupancy stability, according to WDSuite’s CRE market data, supported by a high renter concentration and proximity to major employment nodes in Los Angeles.
Located in Van Nuys within the Los Angeles metro, the property sits in a neighborhood rated B and classified as Urban Core. Amenity access is competitive among 1,441 metro neighborhoods (amenities rank 167), with grocery, pharmacy, and dining density in the top quartile nationally. Limited park access is a known trade-off, which may influence lifestyle positioning and marketing mix.
The neighborhood’s typical building stock skews older (average vintage 1968), while this asset’s 2003 construction provides a relative competitiveness edge versus legacy properties. For investors, that generally reduces near-term capital exposure compared with mid-century stock, though mid-life systems planning and selective modernization should still be considered for positioning.
Renter demand appears deep: within a 3-mile radius, a large share of housing units are renter-occupied, supporting a broad tenant base and lease-up resilience. Neighborhood occupancy is above national midpoints, and rents are positioned above national averages, which together indicate pricing power potential when paired with effective lease management.
Demographics within a 3-mile radius show a modest population dip alongside an increase in households and a projected further rise in household counts with smaller average household sizes. For multifamily, that mix typically expands the renter pool and can support occupancy stability even as demographics shift.
Home values sit in a high-cost ownership market relative to national norms. In practice, elevated ownership costs tend to sustain reliance on rental housing, aiding retention and absorption, though higher rent-to-income ratios warrant attentive renewal and pricing strategies.
Safety signals are mixed but improving. The neighborhood trends above national averages on overall safety measures (around the 73rd percentile nationally), while recent year-over-year declines in both violent and property offenses rank among the stronger improvements nationwide. These directional gains are constructive for investor sentiment, though conditions can vary by block and should be monitored over time.
Within the Los Angeles metro context, safety levels vary widely across Urban Core neighborhoods. Comparative positioning suggests ongoing diligence—especially for operations and security line items—while acknowledging the positive trajectory shown in recent data.
Proximity to major entertainment, media, and life sciences employers supports workforce housing demand and commute convenience for renters. Nearby corporate nodes include Charter Communications, Radio Disney, The Walt Disney Company, Thermo Fisher Scientific, and Live Nation Entertainment.
- Charter Communications — telecommunications (5.9 miles)
- Radio Disney — media (6.6 miles)
- Disney — media & entertainment (7.4 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.5 miles)
- Live Nation Entertainment — entertainment (8.5 miles) — HQ
This 30-unit asset built in 2003 offers relative competitiveness versus older neighborhood stock, with operational upside from steady renter demand and strong amenity access. Neighborhood occupancy trends sit above national midpoints and rents benchmark above national levels, supporting income durability when paired with disciplined renewals and revenue management. According to CRE market data from WDSuite, high ownership costs in the area continue to reinforce reliance on rental housing, a favorable backdrop for lease retention.
Forward-looking household growth within a 3-mile radius—despite flat-to-soft population—suggests smaller households and a larger tenant base over time. That dynamic, combined with proximity to major employment centers, underpins leasing stability. Investors should still plan for mid-life systems and targeted upgrades to maintain competitive positioning and address affordability pressure that can affect renewal behavior.
- 2003 vintage offers competitive positioning versus older area stock, with manageable mid-life capex planning
- Renter-heavy local housing and amenity density support a broad tenant base and occupancy stability
- High-cost ownership market reinforces rental demand and pricing power potential
- Nearby employment hubs in media and life sciences bolster demand and retention
- Risks: affordability pressure, limited park access, and mixed-but-improving safety metrics require attentive operations