| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14849 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1972 |
| Units | 31 |
| Transaction Date | 2016-10-27 |
| Transaction Price | $4,770,000 |
| Buyer | 21025 BRYANT LLC |
| Seller | P I PROPERTIES #52 LP |
14849 Vanowen St, Van Nuys Multifamily with Deep Renter Base
High renter concentration and a metro-central location support steady tenant demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends track near national norms, pointing to durable but competitively priced leasing conditions.
Situated in Van Nuys’ Urban Core, the property benefits from strong day-to-day convenience: restaurants and cafes rank in the upper deciles nationally, and pharmacy access is especially dense. Grocery access is solid, while park and dedicated childcare options are comparatively limited—an important consideration for resident amenity expectations and repositioning plans.
Neighborhood performance sits around the metro median among 1,441 Los Angeles neighborhoods (B- rating). Rents in the area have risen over the past five years and remain elevated relative to many U.S. neighborhoods, while occupancy at the neighborhood level is near national midrange. The renter-occupied share is high, indicating a deep tenant base that typically supports leasing velocity and renewal prospects for multifamily assets.
Within a 3-mile radius, demographics point to a stable renter pool: population has eased slightly in recent years while the number of households has increased, reflecting smaller average household sizes. Forward-looking projections indicate further household growth with continued high renter share, which generally supports occupancy stability and absorption, even as demographics shift.
Ownership costs in the neighborhood are elevated (home values rank in the upper national percentiles), which tends to sustain reliance on rental housing and can support pricing power. That said, rent-to-income levels imply some affordability pressure; proactive lease management and unit positioning will matter for retention. School ratings trend below national averages, so on-site improvements and unit quality may play a larger role in attracting and keeping residents.
Based on WDSuite s indicators, the neighborhood compares favorably to many U.S. areas on several safety measures, landing in the top quartile nationally. Recent estimates also show notable year-over-year decreases in both violent and property offenses. As with any urban Los Angeles location, trends can vary by block and over time, so investors typically benchmark property-level experience against current metro and neighborhood data when underwriting.
- Charter Communications — telecommunications (6.4 miles)
- Radio Disney — media (7.2 miles)
- Thermo Fisher Scientific — life sciences (8.0 miles)
- Disney — entertainment (8.0 miles) — HQ
- Farmers Insurance Exchange — insurance (8.4 miles) — HQ
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, notably in telecommunications, media and entertainment, life sciences, and insurance.
Built in 1972, the asset is slightly older than the neighborhood s average vintage, which can position it well for value-add upgrades that enhance competitiveness against newer stock. The surrounding renter base is deep, and household growth within a 3-mile radius points to a larger tenant pool despite modest population softness—conditions that typically support occupancy stability and absorption.
Neighborhood economics are constructive for multifamily: elevated ownership costs reinforce rental housing reliance, and neighborhood NOI per unit levels sit in the top quartile nationally. At the same time, underwriting should account for mid-range neighborhood occupancy and rent-to-income pressures. These dynamics, combined with proximity to major employment nodes, offer a balanced framework for long-term operations and targeted renovations, based on CRE market data from WDSuite.
- Large, stable renter-occupied share supports leasing velocity and renewal depth
- 1972 vintage offers clear value-add and modernization pathways versus newer comps
- Elevated ownership costs in the area bolster reliance on rental housing and pricing power
- Nearby corporate employers underpin demand and reduce commute frictions for residents
- Risks: mid-range occupancy trends, lower school ratings, and affordability pressure require active lease and capital planning