| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14610 Delano St, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1988 |
| Units | 36 |
| Transaction Date | 1995-06-27 |
| Transaction Price | $1,250,000 |
| Buyer | HUANG RENEE L |
| Seller | FIRST FEDERAL BANK OF CALIFORNIA |
14610 Delano St, Van Nuys Multifamily Investment
Neighborhood occupancy is solid and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a 36-unit asset in Los Angeles County. Metrics referenced here describe the surrounding neighborhood rather than the property itself.
Located in Van Nuys’ Urban Core, the property benefits from a renter-occupied housing share that is high for the metro, indicating a large tenant base and durable demand for multifamily units. The neighborhood’s occupancy trends sit above national medians, which can help support income stability at the asset level.
Amenity access is a relative strength: cafes, groceries, and pharmacies rank in the higher national percentiles, suggesting daily-needs convenience that supports leasing and retention. Park access is limited within the immediate neighborhood, so outdoor-recreation appeal relies more on broader Valley amenities than on walk-to parks.
With a 1988 construction year, the asset is newer than the neighborhood’s typical vintage, which skews toward the late 1960s. That positioning can offer competitive differentiation versus older stock, though investors should plan for targeted system updates and common-area refreshes to maintain positioning.
Within a 3-mile radius, households have grown even as population edged lower, and forecasts point to notable household growth alongside smaller average household sizes. This dynamic typically expands the renter pool and supports occupancy, while rising median incomes and projected rent gains indicate capacity for continued rental demand. Elevated home values in the area reflect a high-cost ownership market, which tends to sustain reliance on multifamily housing and can aid lease retention and pricing power for well-maintained assets.
Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood’s overall rating sits above the metro median, with housing and amenities performing particularly well on a national basis. School ratings trend below average, which may matter for family-oriented leasing but is often less critical for workforce and young-professional renter segments typical of urban Los Angeles neighborhoods.
Safety indicators are competitive among Los Angeles neighborhoods (ranked 444 out of 1,441 metro neighborhoods), and the area sits above the national median for safety based on WDSuite’s neighborhood data. Recent data shows meaningful year-over-year declines in both property and violent offense rates, pointing to improving conditions versus the prior year.
As with most urban Los Angeles locations, conditions can vary block to block. Investors typically focus on well-lit frontage, controlled access, and professional management practices to align with resident expectations and support retention.
Proximity to major corporate offices supports a broad commuter tenant base and helps underpin leasing stability. Notable nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Thermo Fisher Scientific.
- Charter Communications — telecom corporate offices (6.2 miles)
- Radio Disney — media corporate offices (6.6 miles)
- Disney — entertainment corporate offices (7.5 miles) — HQ
- Live Nation Entertainment — entertainment corporate offices (8.1 miles) — HQ
- Thermo Fisher Scientific — life sciences corporate offices (8.2 miles)
This 36-unit, 1988-vintage asset sits in a renter-heavy Van Nuys neighborhood where occupancy trends are above national medians, supporting income durability and steady leasing. Elevated home values point to a high-cost ownership market that reinforces reliance on multifamily housing, while strong daily-needs access (groceries, pharmacies, and cafes) enhances livability and retention. Based on CRE market data from WDSuite, the neighborhood ranks above the metro median on several housing and amenity measures, and recent safety data shows improving offense rates year over year.
Forward-looking demographics within a 3-mile radius indicate a larger household base alongside smaller average household sizes, which generally expands the renter pool and supports occupancy stability. The 1988 construction provides a competitive edge over older local stock; targeted modernization of interiors and building systems may unlock value-add potential and sustain positioning against newer deliveries.
- Renter-heavy neighborhood and above-median occupancy support income stability.
- High-cost ownership market sustains multifamily demand and retention.
- Amenity-rich location (groceries, pharmacies, cafes) aids leasing and renewals.
- 1988 vintage offers relative competitiveness with potential value-add through selective upgrades.
- Considerations: limited nearby park access, below-average school ratings, and typical urban-LA variability warrant active management and capex planning.