| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 87th | Best |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14639 Burbank Blvd, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1985 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14639 Burbank Blvd Van Nuys Multifamily Investment
Neighborhood occupancy trends remain strong and ownership costs are elevated, suggesting durable renter demand in this Van Nuys location, according to WDSuite’s CRE market data.
This Urban Core neighborhood in the Los Angeles-Long Beach-Glendale metro carries a B+ rating and ranks 429 out of 1,441 neighborhoods, making it competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods. For investors, the combination of high neighborhood occupancy and a deep renter base supports leasing stability for well-positioned assets.
Neighborhood occupancy is in the top quartile nationally, and neighborhood-level NOI per unit also trends in the upper quartile versus U.S. peers, based on CRE market data from WDSuite. Renter-occupied housing share within the immediate neighborhood is substantial, and within a 3-mile radius renters account for roughly two-thirds of housing units, indicating a sizable tenant base for multifamily operators.
Local amenity signals are mixed: restaurant density ranks in the 92nd percentile nationally and pharmacies in the 97th percentile, while measured counts for cafes, grocery, and parks register low in this dataset. Investors should underwrite resident experience accordingly—walkable daily needs may depend on specific corridors and transit access rather than a broad amenity blanket.
Household incomes and educational attainment score well (both above national medians), while median home values sit in a high-cost ownership market (97th percentile nationally). That ownership context typically reinforces reliance on multifamily, supporting pricing power and lease retention for competitive properties. Rent-to-income levels benchmark around mid-range nationally, suggesting manageable affordability pressure relative to other coastal submarkets.
Vintage context: the property’s 1985 construction is newer than the neighborhood’s older average stock (1960s). This positioning can be competitive versus pre-1970s assets, though investors should still plan for targeted modernization and aging system replacements to sustain rent premiums and retention.
Safety indicators compare favorably versus many U.S. neighborhoods: overall crime sits around the 81st percentile nationally (higher percentile indicates safer), and the area ranks above the metro median among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. Year over year, both violent and property offense estimates have declined markedly, according to WDSuite’s data.
As with any dense urban location, conditions can vary block to block and over time. Investors should pair these metro- and national-level comparisons with on-the-ground diligence (lighting, access control, and visibility) to align security planning with resident expectations.
The employment base nearby skews toward media, entertainment, and corporate services, supporting commuter convenience and a broad renter pool for workforce and professional tenants. Notable employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Occidental Petroleum.
- Charter Communications — telecommunications (6.4 miles)
- Radio Disney — media (6.5 miles)
- Disney — entertainment (7.3 miles) — HQ
- Live Nation Entertainment — live entertainment (7.4 miles) — HQ
- Occidental Petroleum — energy (7.8 miles) — HQ
The investment thesis centers on durable renter demand, supported by top-quartile neighborhood occupancy and a high-cost ownership landscape that sustains reliance on multifamily. Within a 3-mile radius, renters comprise a large share of occupied housing, and WDSuite’s CRE market data indicates household incomes and educational attainment outpace national norms, reinforcing depth in the professional renter pool. Forecasts show additional household growth within three miles alongside smaller average household sizes, which can expand the tenant base and support occupancy stability.
Built in 1985, the asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older vintage properties. Targeted renovation and systems planning can position the property to capture pricing consistent with neighborhood fundamentals. Directionally, WDSuite also points to rising median contract rents in the area, while amenity signals are uneven and warrant asset-level enhancements to bolster resident experience.
- Strong neighborhood occupancy and high-cost ownership market support stable renter demand
- 1985 vintage offers competitive positioning versus older stock, with value-add potential through modernization
- 3-mile demographics show a sizable renter pool and rising household counts, aiding lease-up and retention
- Operational upside tied to targeted resident-experience improvements amid uneven amenity coverage
- Risk: amenity dispersion and shifting urban conditions require thoughtful management and ongoing security planning