| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14607 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1977 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14607 Vanowen St Van Nuys Multifamily Investment
Renter demand is reinforced by a high-cost ownership market and a renter-occupied housing base in this Van Nuys urban core, according to WDSuite’s CRE market data. Expect steady leasing fundamentals supported by neighborhood amenities and proximity to major employment centers.
Van Nuys’ urban core setting supports day-to-day convenience that helps retention. Dining and daily-needs access are strong, with restaurants and pharmacies ranking in the top decile nationally, while parks are limited locally—conditions that typically favor walk-to-amenity living but call for creative on-site open-space programming. Average school ratings trend below metro norms, which may concentrate appeal among singles and roommate households rather than school-focused renters.
The neighborhood’s occupancy is in the low-90s and has eased versus five years ago, but remains broadly consistent with Los Angeles metro stability. Roughly seven in ten housing units are renter-occupied, indicating a deep tenant base and durable demand for professionally managed apartments. Median contract rents sit above national norms; paired with a rent-to-income ratio around one-third, this points to some affordability pressure to monitor in lease management.
Within a 3-mile radius, household counts have grown modestly over the past five years and are projected to expand further through the next cycle, even as average household size declines. That combination typically translates into a larger renter pool and supports occupancy stability for mid-size assets. Income profiles have trended higher, widening the segment of renters able to absorb mid-market rents, while elevated home values—well above national benchmarks—reinforce reliance on multifamily housing rather than ownership.
From an investor lens, the neighborhood’s NOI per unit performance sits in the top quintile nationally, reflecting solid rent levels relative to operating costs. Compared with peer Los Angeles neighborhoods, these dynamics are competitive and support a hold-or-improve strategy, with emphasis on finish-level differentiation and amenity value that can justify modest premium pricing.
Safety metrics for the neighborhood compare favorably in a national context, landing in the upper tiers nationwide. Relative to the Los Angeles metro, conditions are competitive among 1,441 neighborhoods, with recent data showing notable year-over-year improvement in both violent and property offense rates. These trends suggest a supportive backdrop for resident retention and leasing, while ongoing monitoring remains prudent.
Investors should frame these figures as neighborhood-level indicators rather than property-specific guarantees. Continued diligence—such as reviewing recent police beat trends and on-site security practices—can help sustain stability as the area evolves.
Nearby corporate offices across media, entertainment, insurance, and life sciences create a broad employment base that supports renter demand and commute convenience for Van Nuys residents.
- Charter Communications — telecommunications (6.1 miles)
- Radio Disney — media (6.9 miles)
- Disney — media & entertainment (7.7 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.3 miles)
- Farmers Insurance Exchange — insurance (8.7 miles) — HQ
The asset is positioned in a renter-heavy Van Nuys neighborhood where elevated ownership costs sustain multifamily reliance and support leasing durability. Neighborhood occupancy remains in the low-90s, and NOI per unit performance ranks among the stronger cohorts nationally, pointing to resilient fundamentals with room for operational optimization. According to WDSuite’s commercial real estate analysis, nearby amenities and diversified employers underpin steady demand, while below-average school ratings and limited park space shape the renter profile toward adults and workforce households.
Forward-looking dynamics within a 3-mile radius—more households, smaller average household size, and rising incomes—indicate a larger tenant base and support for rent levels. Key risks to underwrite include affordability pressure given rent-to-income near one-third and the need to differentiate finishes and amenities to justify pricing in a competitive Los Angeles submarket.
- Renter-heavy neighborhood and high home values reinforce depth of multifamily demand
- Low-90s neighborhood occupancy and strong per-unit NOI support stable cash flow potential
- Dense amenities and diversified nearby employers bolster leasing and retention
- Demographic tailwinds: more households and rising incomes within 3 miles expand the renter pool
- Risk: affordability pressure and limited parks/school quality require thoughtful lease and amenity strategy