| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 29th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15105 Victory Blvd, Van Nuys, CA, 91411, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1979 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15105 Victory Blvd Van Nuys Multifamily Investment
Neighborhood data points to deep renter demand supported by a very high renter-occupied share and an ownership market with elevated home values, according to WDSuite’s CRE market data. For investors, this combination can support occupancy stability and pricing discipline at the neighborhood level.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates a B and is competitive among 1,441 metro neighborhoods (ranked 617 of 1,441). Amenity access is a relative strength: restaurants, groceries, pharmacies, cafés, and childcare facilities score in high national percentiles, which helps support renter convenience and lease retention.
Multifamily fundamentals are solid at the neighborhood level. Occupancy has hovered in the mid-90% range and sits above many U.S. neighborhoods (around the 65th percentile nationally). Median asking rents benchmark above national levels, and the median contract rent in the surrounding 3-mile radius has risen over the last five years, with further increases projected by 2028 based on WDSuite’s commercial real estate analysis. These dynamics suggest steady demand and manageable lease-up risk for appropriately positioned product.
Tenure patterns point to depth of the tenant base. The neighborhood shows a very high share of renter-occupied housing units (ranked 57 of 1,441 in the metro; top tier nationally), while within a 3-mile radius roughly seven in ten housing units are renter-occupied. For investors, this indicates a broad pool of prospective renters and supports ongoing absorption of renovated units.
The property’s 1979 vintage is newer than the neighborhood’s average construction year of 1968 (ranked 798 of 1,441 locally). This generally improves competitive positioning versus older stock, though investors should still underwrite modernization of systems and targeted common-area or interior updates to meet current renter expectations.
Livability considerations are mixed. Amenity access is a clear positive, while average school ratings in the neighborhood sit below the national midpoint. From a cost-of-living standpoint, elevated home values in the neighborhood reinforce reliance on rental options, which can support tenant retention and pricing power when paired with sound lease management.
Recent readings indicate the neighborhood compares favorably on safety versus many areas nationwide, landing around the 73rd national percentile. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime ranking is 444 out of 1,441, placing it above the metro median. Year over year, WDSuite data shows notable declines in both violent and property offense rates, signaling improving conditions; investors should continue monitoring trend durability rather than relying on a single period’s readings.
Employment anchors within an 8–9 mile commute include corporate offices across media, telecom, insurance, and life sciences. This concentration from Charter Communications, Radio Disney, Thermo Fisher Scientific, Farmers Insurance Exchange, and Disney supports a diversified renter base and commute convenience that can aid retention.
- Charter Communications — telecom & media (6.8 miles)
- Radio Disney — media (7.3 miles)
- Thermo Fisher Scientific — life sciences offices (7.6 miles)
- Farmers Insurance Exchange — insurance (8.0 miles) — HQ
- Disney — entertainment (8.1 miles) — HQ
15105 Victory Blvd offers investors exposure to a renter-driven submarket with strong amenity access and occupancy that trends above many U.S. neighborhoods. Elevated neighborhood home values and a high concentration of renter-occupied units bolster multifamily demand, while the 3-mile radius shows households increasing and average household size trending lower — factors that can expand the renter pool and support steady absorption. According to CRE market data from WDSuite, neighborhood rents sit above national norms and are projected to continue rising, reinforcing the case for disciplined revenue management.
The 1979 vintage provides a competitive stance relative to older local stock, with potential to unlock incremental value through targeted renovations and system upgrades. Key watch items include rent-to-income pressure and below-median school ratings, which call for attentive leasing and amenity positioning to sustain retention.
- Renter-driven location with high renter-occupied share supports a deep tenant base
- Occupancy above many U.S. neighborhoods and strong amenity access aid leasing stability
- 1979 vintage presents value-add potential via targeted interior and systems modernization
- Elevated ownership costs locally reinforce reliance on rental options, supporting pricing power
- Risks: rent-to-income affordability pressure and below-median school ratings require careful lease management