| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14642 Sylvan St, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1989 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14642 Sylvan St Van Nuys Multifamily Investment
Neighborhood occupancy is steady and renter demand is deep, according to WDSuite’s CRE market data, supporting durable leasing for a well-located 25‑unit asset in Van Nuys. Elevated ownership costs in Los Angeles help sustain the renter base, reinforcing income stability over a full cycle.
The property sits in a B‑rated Urban Core neighborhood that ranks above the metro median (617 of 1,441 Los Angeles neighborhoods), indicating broadly competitive location fundamentals. Neighborhood occupancy is stable around the mid‑90s, and median asking rents trend in the upper quartile nationally, per WDSuite’s CRE market data. These are neighborhood-level indicators, not property performance, but they point to resilient demand drivers for multifamily investors.
Lifestyle access is a strength: high densities of grocery, pharmacy, childcare, and cafes place the area in top national percentiles for daily needs, while restaurant density is also strong. Park access is limited within the immediate neighborhood, which may require positioning amenities on-site to capture residents seeking recreation options. Average school ratings are below national norms (about 2.0 out of 5), suggesting the submarket competes more on convenience and services than on school-driven demand.
Vintage context matters: the neighborhood’s average building year is 1968, while this asset was built in 1989. The relatively newer vintage improves competitive positioning versus older stock, though investors should still plan for targeted systems upgrades and modernization to meet today’s renter expectations.
Tenure dynamics favor multifamily: renter-occupied housing units account for a high share of the neighborhood, indicating a deep tenant base and potential leasing stability. At the same time, elevated home values in the area reinforce reliance on rental housing, which can support pricing power and reduce move-outs to ownership. Within a 3‑mile radius, recent population change has been modestly negative while household counts have inched higher, implying smaller average household sizes and a renter pool that is gradually diversifying; forecasts point to incremental population growth and a meaningful increase in households, which supports occupancy and absorption.
Safety trends are comparatively favorable in context. The neighborhood sits around the 73rd percentile nationally for overall safety, placing it in the top quartile versus neighborhoods nationwide. Recent year-over-year estimates indicate sharp declines in both violent and property offense rates, which suggests improving conditions relative to broader urban submarkets.
As always, conditions can vary block to block. Investors should underwrite to submarket comparables and confirm patterns over multiple periods, but current momentum points to stability supportive of resident retention.
Proximity to major media, communications, and life sciences employers supports a broad renter base and commute convenience for residents, including Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Live Nation Entertainment.
- Charter Communications — telecommunications (6.3 miles)
- Radio Disney — media offices (6.7 miles)
- Disney — entertainment HQ (7.5 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.1 miles)
- Live Nation Entertainment — entertainment HQ (8.2 miles) — HQ
This 1989‑vintage, 25‑unit asset offers durable renter demand in a B‑rated Van Nuys neighborhood where occupancy is steady and renter concentration is high at the neighborhood level. Elevated home values across Los Angeles reinforce reliance on rental housing, supporting lease retention and pricing power through cycles. According to WDSuite’s commercial real estate analysis, neighborhood rents benchmark in the upper national quartiles while safety indicators have improved year over year, signaling supportive fundamentals for stabilized operations.
Forward-looking signals within a 3‑mile radius point to gradual population growth, a larger household base, and smaller average household sizes — dynamics that tend to expand the renter pool and support occupancy stability. While school ratings and limited park access warrant positioning and amenity planning, the property’s relatively newer vintage versus local stock provides a competitive edge with room for targeted value-add upgrades.
- Steady neighborhood occupancy and high renter concentration support leasing durability
- Elevated ownership costs in Los Angeles sustain rental demand and pricing power
- 1989 vintage is newer than local average, enabling targeted renovations for competitive positioning
- 3‑mile trends point to more households and a broader renter pool, aiding occupancy stability
- Risks: below-average school ratings, limited park access, and affordability pressure require proactive lease management