| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14822 Victory Blvd, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14822 Victory Blvd Van Nuys Multifamily Investment
This 20-unit property benefits from strong renter demand in a neighborhood where 80.9% of housing units are renter-occupied, ranking in the top 1% nationally according to CRE market data from WDSuite.
Van Nuys presents a mature urban core environment with established rental demand fundamentals. The neighborhood ranks in the 81st percentile nationally for amenities, supported by high-density commercial infrastructure including 7.8 grocery stores per square mile and extensive dining options. With 80.9% of housing units renter-occupied—ranking in the 99th percentile nationally among 1,441 metro neighborhoods—the area demonstrates sustained multifamily demand.
Built in 1980, this property aligns with the neighborhood's average construction year of 1968, positioning it among the newer vintage stock while potentially offering value-add renovation opportunities. Current neighborhood-level occupancy sits at 94.1%, though down slightly over five years, suggesting stable but competitive leasing conditions that merit attention to unit positioning and renewal strategies.
Demographics within a 3-mile radius show a population of approximately 256,000 with median household income of $74,053, representing 30% growth over five years. The area maintains a balanced age distribution with 27.5% of residents aged 18-34, supporting continued rental demand. Forecasts project household income growth to $106,912 by 2028, while rent affordability ratios remain elevated, reinforcing renter reliance on multifamily housing rather than ownership transitions.
The neighborhood's amenity density supports tenant retention, though the absence of nearby parks may limit some lifestyle appeal. School ratings average 2.0 out of 5, which could influence family-oriented tenant segments but may not significantly impact overall rental demand given the area's workforce housing character.
The neighborhood demonstrates improving safety trends with property crime rates declining 78.8% year-over-year, ranking in the 97th percentile nationally for improvement. Violent crime rates similarly decreased 92.2% annually, placing the area in the 99th percentile for positive safety trends nationwide.
Current property crime rates of 233 incidents per 100,000 residents rank the neighborhood competitively among Los Angeles metro neighborhoods, while violent crime rates of 56 per 100,000 residents position it above the metro median. These downward crime trends may support tenant retention and property values, though investors should monitor whether recent improvements sustain over time.
The property benefits from proximity to major corporate headquarters and offices within the greater Los Angeles employment corridor, providing workforce housing opportunities for commuting professionals.
- Charter Communications — telecommunications (6.5 miles)
- Radio Disney — media & entertainment (7.0 miles)
- Disney — entertainment & media (7.8 miles) — HQ
- Thermo Fisher Scientific — life sciences (7.9 miles)
- Farmers Insurance Exchange — insurance (8.4 miles) — HQ
This 20-unit Van Nuys property leverages strong rental market fundamentals in a neighborhood with exceptional renter density and improving safety metrics. Built in 1980, the asset offers potential value-add opportunities while maintaining competitive positioning within the local vintage profile. Household income growth projections of 44% through 2028 and sustained high renter occupancy rates support long-term demand stability.
The property's location benefits from proximity to major employment centers including Disney headquarters and other corporate offices within commuting distance. While rent-to-income ratios indicate affordability pressures that require careful lease management, the neighborhood's 99th percentile ranking for renter occupancy and improving crime trends provide operational advantages for multifamily property research and positioning.
- Exceptional renter demand with 80.9% of neighborhood units renter-occupied
- Strong income growth trajectory with 44% household income increase projected by 2028
- Significant safety improvements with property crime down 78.8% year-over-year
- Value-add potential given 1980 construction year and neighborhood improvement trends
- Risk consideration: Elevated rent-to-income ratios require proactive tenant retention strategies