| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14624 Friar St, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1978 |
| Units | 44 |
| Transaction Date | 2001-09-06 |
| Transaction Price | $2,325,000 |
| Buyer | MANHATTAN APARTMENTS |
| Seller | EPSTEIN MATTHEW |
This established residential area offers investors a balanced mix of stability and growth potential. The neighborhood features mature infrastructure, well-maintained properties, and consistent demand from both renters and buyers.
Local amenities include shopping centers, parks, and recreational facilities that contribute to the area's appeal. The community has shown resilience in various market conditions, making it an attractive consideration for investment portfolios.
Transportation access and proximity to key corridors provide residents with connectivity to employment centers and urban amenities, supporting sustained rental demand.
The area maintains community policing initiatives and neighborhood watch programs that contribute to a secure living environment. Local authorities work actively with residents to address safety concerns and maintain public spaces.
Well-lit streets, maintained sidewalks, and regular patrol presence help create conditions that residents and tenants typically find reassuring. Property investors often view these community safety measures as positive factors for long-term tenant retention.
Emergency services maintain appropriate response coverage for the area, with fire and medical facilities positioned to serve the community effectively.
The local employment landscape includes a diverse mix of industries that provide job opportunities for area residents. Healthcare facilities, educational institutions, and service sector businesses form part of the employment base.
Several manufacturing and logistics operations in the broader region offer stable employment opportunities that support consistent rental demand. Government offices and municipal services also contribute to the local job market.
The proximity to major employment corridors allows residents to access additional job markets, creating multiple income sources that can benefit rental property stability and tenant quality.
This market presents several investment advantages for property investors seeking balanced risk and return profiles. The established nature of the area provides stability, while ongoing development suggests potential for appreciation.
Rental demand appears consistent based on local employment patterns and housing supply dynamics. The area's affordability relative to premium markets may attract both first-time buyers and rental tenants seeking value.
Infrastructure improvements and community development initiatives indicate municipal commitment to the area's continued viability. Property maintenance costs tend to be manageable due to established utility systems and municipal services.
The investment profile may appeal to those seeking steady rental income potential with moderate appreciation prospects in a community-focused environment.