| 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 | 2012-04-19 |
| Transaction Price | $8,600,000 |
| Buyer | Burbank Blvd Apartments LLC |
| Seller | 14639 Burbank Blvd Apartments |
14639 Burbank Blvd, Van Nuys CA Multifamily
Stabilized renter demand and strong neighborhood occupancy support cash flow resilience, according to WDSuite s CRE market data. This Van Nuys address sits within an Urban Core pocket where elevated ownership costs tend to sustain multifamily leasing, aligning with disciplined commercial real estate analysis.
The property is in an Urban Core neighborhood rated B+ and competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 429 of 1,441). Neighborhood occupancy trends are strong, with performance in the top quartile nationally, which supports income stability and reduces downtime risk during turns, based on CRE market data from WDSuite.
Renter demand is supported by a moderate renter-occupied share within the neighborhood and a deeper tenant base across the surrounding 3-mile radius, where roughly two-thirds of housing units are renter-occupied. Together with consistent household formation in the 3-mile area and a projected increase in households alongside smaller average household sizes, this points to a larger tenant base and supports occupancy stability over the medium term.
Home values in the neighborhood sit in the upper national percentiles, indicating a high-cost ownership market that tends to sustain rental demand and aid lease retention. Median contract rents also benchmark high versus national peers, while rent-to-income indicators suggest manageable affordability pressure, supporting pricing power without outsized retention risk.
Local amenity access is mixed. Pharmacy access benchmarks in the top national percentiles, and restaurant density is competitive. By contrast, parks, cafes, and grocery destinations are limited within the neighborhood s footprint, so residents often rely on nearby corridors for those needs. For investors, that mix still supports daily living while concentrating the value story on location fundamentals and employment access rather than lifestyle amenities.
Vintage matters for competitive positioning. Built in 1985, the asset is newer than the neighborhood s average construction year (1964). That relative youth can enhance leasing competitiveness versus older stock, while still leaving room for targeted modernization to drive rents and manage long-term capital planning.
Safety metrics compare favorably at the national level, with the neighborhood landing in higher national percentiles for overall safety. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), it performs above the metro median. Recent WDSuite indicators show sharp year-over-year declines in both violent and property offense estimates, pointing to an improving trend rather than a one-off outcome.
While no single block can be characterized precisely, the broader trend suggests conditions that support renter retention and leasing, particularly when paired with professional on-site management and standard security practices common to urban infill multifamily assets.
Proximity to major corporate offices anchors the employment base and supports renter demand through commute convenience. Key employers within typical commuting range include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Occidental Petroleum.
- Charter Communications corporate offices (6.5 miles)
- Radio Disney corporate offices (6.5 miles)
- Disney corporate offices (7.4 miles) HQ
- Live Nation Entertainment corporate offices (7.4 miles) HQ
- Occidental Petroleum corporate offices (7.8 miles) HQ
This 52-unit, 1985-vintage asset benefits from strong neighborhood occupancy and a deep renter pool across the surrounding 3-mile radius. Elevated for-sale values in the submarket reinforce reliance on multifamily housing, aiding retention and supporting disciplined rent growth. According to CRE market data from WDSuite, the neighborhood ranks competitively within the Los Angeles-Long Beach-Glendale metro and in the upper national percentiles for several housing and income indicators, aligning with durable demand.
Relative to older local stock, the 1985 vintage offers competitive positioning with potential value-add through targeted renovations and system upgrades. Forward-looking household growth and smaller household sizes in the 3-mile radius indicate a larger tenant base over time, supporting occupancy stability. Key risks include limited park, grocery, and cafe options within the immediate footprint and the need to manage affordability and capital planning prudently.
- Strong neighborhood occupancy and competitive metro ranking support income stability.
- High-cost ownership market reinforces rental demand and lease retention.
- 1985 vintage offers value-add potential versus older neighborhood stock.
- 3-mile radius shows renter pool expansion potential via rising households and smaller household sizes.
- Risks: amenity gaps (parks/grocery/cafes) nearby and prudent affordability/capex management required.