| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 28th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14731 Sherman Way, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1978 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14731 Sherman Way, Van Nuys Multifamily Investment
Neighborhood occupancy is about 95% with a high renter concentration, supporting stable lease-up and renewals according to WDSuite’s CRE market data. This positioning points to resilient renter demand in Van Nuys relative to ownership alternatives.
The property sits in an Urban Core pocket of Van Nuys with a neighborhood rating of B-, where renter-occupied housing is prevalent (roughly two-thirds of units are renter-occupied at the neighborhood level). For multifamily investors, that depth of renter base supports steady tenant sourcing and helps underpin occupancy through cycles.
Daily-needs access is a relative strength: neighborhood data show dense coverage of grocery, pharmacy, and restaurant options, placing the area competitively versus many Los Angeles neighborhoods and in higher national percentiles for these amenities. Conversely, limited park and cafe density is a known constraint, so on-site amenities and unit finish quality can be more influential in retention.
Local housing dynamics indicate above-median performance within the metro on rent and net operating income per unit, with neighborhood occupancy in the mid-90% range. Elevated home values in the area and a high value-to-income environment tend to reinforce reliance on multifamily rentals, which can aid pricing power, though operators should balance this with lease management to mitigate retention risk.
Demographic statistics aggregated within a 3-mile radius show households have grown even as population has edged down, with projections calling for continued household gains and smaller average household sizes through 2028. For investors, that points to a larger, more segmented renter pool over time, supporting occupancy stability and diversified unit-type demand.
Relative to the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, this area places in a stronger tier for safety, aligning with the upper end of the distribution (crime rank indicates performance that is competitive among Los Angeles neighborhoods). Nationally, the neighborhood scores in the top quartile for safety, suggesting comparatively favorable conditions versus many U.S. neighborhoods.
Recent trend data show material improvement in estimated violent and property offense rates over the last year, according to CRE market data from WDSuite. While safety varies block to block in any urban core, these directional gains support an improving operating backdrop for resident retention and leasing.
Nearby corporate offices provide a broad employment base that supports renter demand and commute convenience, notably Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Farmers Insurance Exchange.
- Charter Communications — corporate offices (6.3 miles)
- Radio Disney — corporate offices (7.3 miles)
- Disney — corporate offices (8.0 miles) — HQ
- Thermo Fisher Scientific — corporate offices (8.2 miles)
- Farmers Insurance Exchange — corporate offices (8.6 miles) — HQ
Built in 1978, this 22-unit asset offers classic value-add potential in a neighborhood where multifamily occupancy is about 95% and renter concentration is high. Elevated local home values and sustained rent levels point to durable rental demand; operators should balance achievable pricing with proactive lease management given rent-to-income pressures noted in neighborhood data. Based on commercial real estate analysis from WDSuite, robust daily-needs retail access and an improving safety trend further support retention.
Within a 3-mile radius, households have increased and are projected to continue rising through 2028 while average household size trends smaller—conditions that typically expand the renter pool and support occupancy stability across unit mixes. Amenity density favors groceries, pharmacies, and restaurants, while limited parks and cafes make property-level amenities and unit upgrades more impactful on leasing.
- High neighborhood occupancy and deep renter base support leasing stability
- 1978 vintage positions the asset for targeted renovations and operational value-add
- Strong access to grocery, pharmacy, and restaurant amenities aids retention
- 3-mile household growth and smaller household sizes expand the renter pool
- Risk: elevated rent-to-income ratios require careful pricing and renewal strategy