| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 28th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14757 Sherman Way, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 84 |
| Transaction Date | 1997-04-11 |
| Transaction Price | $3,050,000 |
| Buyer | NAVID INVESTMENTS |
| Seller | MAEDA KOGYO U S A INC |
14757 Sherman Way Van Nuys Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to WDSuite’s CRE market data, supporting an 84-unit asset in a high-cost ownership market.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries a B- rating and is competitive among Los Angeles neighborhoods (ranked 830 of 1,441). Amenity access trends favor daily needs more than leisure: grocery and pharmacy density sits in the top quartile nationally (96th and 99th percentiles), and restaurants are also strong (96th percentile), while parks and cafes are limited locally.
For investors focused on revenue stability, the neighborhood s occupancy is 95.1% (above the national median based on WDSuite data), and the renter-occupied share of housing units is high at 65.8% (96th percentile nationally). This depth of renter households supports a larger tenant base and can reinforce leasing velocity, though it also calls for attentive lease management as pricing moves.
The property s 1986 vintage is newer than the neighborhood s average construction year of 1975. That positioning can be competitive versus older stock, while still warranting capital planning for aging systems and selective renovations that align with renter preferences in an Urban Core setting.
Within a 3-mile radius, households have increased over the past five years even as total population edged down, indicating smaller household sizes and a potentially expanding renter pool. Median contract rents in the neighborhood sit in a higher national bracket (83rd percentile) with five-year growth momentum, which supports pricing power but also requires sensitivity to retention as rents outpace some income segments.
Home values in the area are elevated (89th percentile nationally) and the value-to-income ratio is high (98th percentile), signaling a high-cost ownership market. For multifamily investors, that context tends to sustain reliance on rental housing and can bolster demand depth and renewal prospects, particularly for professionally managed, well-maintained assets.
Safety indicators are comparatively favorable versus many U.S. neighborhoods: overall crime sits around the 82nd national percentile and violent incidents around the 74th percentile, indicating relatively safer conditions in a national context. These figures are measured at the neighborhood scale rather than the property.
Trend data further points to improvement: estimated year-over-year declines in both property and violent offenses rank among the strongest nationally. As with any urban Los Angeles submarket, conditions can vary block to block, so prudent operators typically align security measures and resident communication with on-the-ground observations.
Proximity to major employers supports a broad commuter tenant base and can aid retention for workforce and professional renters. Key nearby employers include Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Farmers Insurance Exchange.
- Charter Communications — telecommunications (6.3 miles)
- Radio Disney — media (7.3 miles)
- Disney — entertainment studios (8.0 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.2 miles)
- Farmers Insurance Exchange — insurance (8.5 miles) — HQ
14757 Sherman Way s 84 units are positioned in a renter-heavy Urban Core pocket where occupancy runs above national medians and daily-need amenities are strong. According to CRE market data from WDSuite, the neighborhood s renter-occupied share is high and home values sit in the upper national percentiles, signaling a high-cost ownership market that helps sustain multifamily demand and renewal potential.
Built in 1986, the asset is newer than the neighborhood average, creating relative competitiveness versus older stock while still calling for targeted capital planning for building systems and unit finishes. Household counts within a 3-mile radius have risen even as population dipped, implying smaller household sizes and a broader renter pool over time. Pricing power is supported by higher-bracket rents, but lease management should account for affordability pressure given rent-to-income dynamics.
- Renter-heavy neighborhood and above-median occupancy support leasing stability.
- 1986 vintage offers competitive positioning versus older stock with value-add potential through selective updates.
- High-cost ownership market reinforces reliance on rental housing, aiding demand depth and renewals.
- Household growth within 3 miles and shrinking household size expand the tenant base over time.
- Risks: affordability pressure relative to incomes and uneven amenities (limited parks/cafes) require careful pricing and retention strategies.