| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15040 Vanowen St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1985 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15040 Vanowen St Van Nuys Multifamily Investment
Renter demand is reinforced by a high-cost ownership landscape and a large renter base in the surrounding neighborhood, according to WDSuite s CRE market data. Occupancy in the neighborhood has been steady, supporting income durability for well-run assets.
The property sits in an Urban Core pocket of Van Nuys with strong daily-needs access. Neighborhood amenity density is a highlight: restaurants and cafes score in the 96th and 90th percentiles nationally, and pharmacies are in the 99th percentile, indicating convenient retail and services for residents. Park access and childcare options are limited locally, and average school ratings trend on the lower side relative to national peers factors to consider for marketing and tenant mix.
From an investment lens, the neighborhood s renter concentration is high at 71.7% of housing units renter-occupied, indicating depth of the tenant base for multifamily. Neighborhood occupancy is 91.6%, suggesting broadly stable leasing conditions. Average NOI per unit in the area ranks in the 82nd percentile nationally, signaling historically competitive income performance among comparable neighborhoods.
Ownership costs are elevated (home values in the 95th percentile nationally), which tends to sustain reliance on multifamily rentals and can support pricing power, while the neighborhood s rent-to-income ratio near one-third points to some affordability pressure that operators should manage via renewals and retention strategies.
Demographic statistics are aggregated within a 3-mile radius: households have grown recently despite flat-to-down population, and forecasts indicate a meaningful increase in household count alongside smaller average household sizes. This combination expands the renter pool and supports occupancy stability; projected rent levels also trend higher over the next five years based on CRE market data from WDSuite.
Neighborhood safety trends are favorable in a national context: overall conditions benchmark above many U.S. neighborhoods, with violent and property offense measures landing in the upper national percentiles (safer relative to peers). One-year estimates indicate notable declines in both violent and property offense rates, a constructive signal for renter confidence and retention. These figures reflect neighborhood-level patterns rather than block-by-block conditions and should be paired with property-specific risk management.
Proximity to major corporate offices supports a broad commuter renter base and aids leasing stability. Notable employers within a roughly 7 8 mile radius include Charter Communications, Radio Disney, Thermo Fisher Scientific, Farmers Insurance Exchange, and Disney.
- Charter Communications telecommunications (6.7 miles)
- Radio Disney media (7.4 miles)
- Thermo Fisher Scientific life sciences (7.7 miles)
- Farmers Insurance Exchange insurance (8.1 miles) HQ
- Disney entertainment (8.2 miles) HQ
15040 Vanowen St is a 31-unit asset built in 1985, a bit newer than the neighborhood s average vintage. That positioning offers relative competitiveness versus older stock while leaving room for targeted modernization to enhance appeal and rent capture. The surrounding neighborhood shows durable renter demand, supported by a large renter-occupied share, strong daily-needs amenities, and a high-cost ownership market that reinforces reliance on multifamily housing. According to commercial real estate analysis from WDSuite, neighborhood occupancy has been stable, and income performance benchmarks competitively versus national peers.
Forward-looking fundamentals remain constructive: within a 3-mile radius, the outlook points to growth in household count and smaller household sizes, which expands the tenant base and supports leasing. Operators should plan for affordability-sensitive lease management given rent-to-income levels, and selectively invest in upgrades to maintain competitive standing against renovated comparables.
- Newer-than-area vintage (1985) with clear value-add/modernization pathways
- Large renter base and stable neighborhood occupancy support income durability
- High-cost ownership market sustains multifamily demand and pricing power
- Household growth and smaller household sizes expand the tenant pool (3-mile radius)
- Risk: affordability pressure near one-third rent-to-income warrants focused renewal strategy