| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15037 Victory Blvd, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1982 |
| Units | 20 |
| Transaction Date | 2013-02-19 |
| Transaction Price | $2,650,000 |
| Buyer | OLMOS ADALBERTO |
| Seller | 5816 WARING PARTNERS LLC |
15037 Victory Blvd Van Nuys Multifamily Investment
Neighborhood fundamentals point to durable renter demand, with a notably high share of renter-occupied housing and stable occupancy, according to CRE market data from WDSuite. For investors, the area s deep tenant base supports income consistency while offering value-add potential at this 1982 vintage asset.
Set within Los Angeles s Van Nuys Urban Core, the property benefits from a renter-driven neighborhood and occupancy that trends solid for the metro. The surrounding area offers day-to-day convenience with strong access to groceries, pharmacies, and dining amenities that support leasing stability and retention, based on WDSuite s CRE market data.
Amenity density is a relative strength: neighborhood grocery, pharmacy, and restaurant availability sits in high national percentiles, translating to practical walk-to and short-drive options for residents. Park access is limited within the immediate neighborhood, a consideration for tenant marketing and positioning.
The property s 1982 construction is newer than the neighborhood s typical vintage (average year 1968 across 1,441 metro neighborhoods), suggesting competitive positioning versus older stock while still warranting targeted capital planning for building systems and interiors common to 1980s assets.
Tenure patterns are favorable for multifamily: the neighborhood shows a very high renter-occupied share, signaling depth in the tenant pool and helping support occupancy resilience through cycles. Within a 3-mile radius, demographic data indicate households have grown even as population edged lower, with smaller average household sizes over time a mix that can expand the renter pool and sustain unit absorption.
Home values in the neighborhood are elevated by national standards and value-to-income ratios are among the highest nationally, which tends to sustain reliance on rental housing and can aid lease retention. At the same time, rent-to-income levels point to affordability pressure for some cohorts, requiring attentive lease management and renewal strategies.
Safety indicators are mixed but generally favorable in context. Overall crime levels are above the national average for safety and competitive among Los Angeles neighborhoods (measured against 1,441 neighborhoods), according to WDSuite. Recent trends show notable improvement: property and violent offense rates have moved down materially year over year, a constructive signal for long-term operations.
Within the profile, violent incidents track closer to national mid-range while property crime shows stronger improvement momentum. For investors, the takeaway is steadying conditions rather than a definitive advantage, with on-site security practices and resident engagement still prudent.
Nearby employment includes telecom, media, life sciences, entertainment, and insurance offices that broaden the renter base and support commute convenience for residents. The list below highlights key employers within approximately 7 8 miles.
- Charter Communications telecom (6.7 miles)
- Radio Disney media (7.2 miles)
- Thermo Fisher Scientific life sciences (7.7 miles)
- Disney entertainment (8.1 miles) HQ
- Farmers Insurance Exchange insurance (8.1 miles) HQ
This 20-unit, 1982-vintage asset in Van Nuys combines a deep local renter base with strong everyday amenities and solid neighborhood occupancy, supporting income stability. Elevated ownership costs in the area reinforce reliance on rental housing, while household growth and smaller household sizes within a 3-mile radius point to a broader renter pool and steady demand for mid-size units.
Operational focus should balance value-add potential typical of 1980s construction with attentive affordability and renewal management. Based on commercial real estate analysis from WDSuite, neighborhood occupancy and amenity access compare well to broader metro trends, while safety metrics and demographics suggest conditions conducive to consistent leasing with prudent risk controls.
- Renter-heavy neighborhood and solid occupancy support cash flow durability
- 1982 vintage offers value-add and system modernization opportunities versus older stock
- High amenity access (groceries, pharmacies, dining) aids retention and leasing velocity
- Elevated ownership costs bolster multifamily demand and pricing power potential
- Risks: limited park access, affordability pressure, and mixed-but-improving safety trends