| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15128 Sherman Way, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1978 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15128 Sherman Way, Van Nuys CA Multifamily Investment
Renter-occupied housing is the majority in the surrounding neighborhood, supporting depth of tenant demand; according to WDSuite’s CRE market data, elevated ownership costs in Los Angeles help reinforce reliance on multifamily rentals.
Situated in Van Nuys’ Urban Core, the property benefits from a renter-occupied share in the surrounding neighborhood that is among the highest locally, indicating a sizeable tenant base and consistent leasing velocity for multifamily assets. Neighborhood occupancy trends sit around national norms while ranking below many Los Angeles-Long Beach-Glendale submarkets, suggesting leasing stability but emphasizing the importance of asset quality and management to capture demand.
Daily needs and lifestyle access are a relative strength: pharmacies and dining options test in the top quartile nationally, and overall amenities perform above the metro median among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. Cafes also rank well on a national basis, while childcare and parks are limited nearby. Average school ratings in the neighborhood trail national norms, which investors should weigh when targeting family-oriented renters and when calibrating marketing strategy.
Home values in the neighborhood rank high nationally, indicating a high-cost ownership market that tends to sustain rental demand and support retention for well-managed properties. Median contract rents are also elevated relative to many U.S. neighborhoods, underscoring the need for disciplined lease management and value delivery to support pricing power.
Within a 3-mile radius, households have grown in recent years and are projected to expand further even as average household size trends lower, pointing to more households and a broader renter pool over time. Income measures have strengthened and are forecast to rise, reinforcing the capacity to support rent levels; these dynamics, based on WDSuite’s commercial real estate analysis, favor durable demand for professionally operated apartments.
Vintage and positioning: Built in 1978, the asset is slightly newer than the neighborhood’s average vintage. That positioning can be competitive versus older stock, while still warranting capital planning for aging systems and selective renovations to enhance renter appeal and support occupancy.
Safety indicators for the neighborhood compare favorably at the national level, landing in the upper percentiles nationwide. Recent year-over-year estimates also show notable declines in both violent and property offense rates, a positive directional trend for resident perception and leasing. As always, investors should assess submarket-level patterns across Los Angeles-Long Beach-Glendale and monitor changes over time rather than relying on block-level conclusions.
The area draws from a diverse employment base across media, insurance, biotechnology, and energy, supporting rental demand through commute convenience and a broad white-collar workforce. Key nearby employers include Charter Communications, Thermo Fisher Scientific, Radio Disney, Farmers Insurance Exchange, and Disney.
- Charter Communications — telecommunications (6.8 miles)
- Thermo Fisher Scientific — biotechnology & life science tools (7.7 miles)
- Radio Disney — media offices (7.7 miles)
- Farmers Insurance Exchange — insurance services (8.1 miles) — HQ
- Disney — entertainment studios & offices (8.5 miles) — HQ
15128 Sherman Way offers exposure to a high renter-concentration neighborhood within Los Angeles County, where a large share of housing units are renter-occupied and home values are elevated relative to national norms—factors that generally reinforce reliance on multifamily housing. Built in 1978, the property is slightly newer than the neighborhood average, presenting potential competitiveness versus older stock while calling for targeted upgrades to systems and finishes to support rent positioning and occupancy stability.
Household counts within a 3-mile radius have increased and are projected to grow further as average household size declines, implying a broader tenant base over time. Based on CRE market data from WDSuite, neighborhood occupancy is near national norms but trails stronger Los Angeles-Long Beach-Glendale submarkets, highlighting the importance of execution: well-maintained units, responsive management, and focused amenities can help capture steady demand. Meanwhile, elevated rents and rent-to-income levels point to affordability pressure, which investors should manage through renewal strategy and value delivery.
- High renter concentration and elevated ownership costs support durable multifamily demand
- 1978 vintage offers value-add and systems-upgrade opportunities relative to older local stock
- Amenity access is above the metro median with strong national showings for dining and pharmacies
- Expanding household base within 3 miles broadens the renter pool and supports leasing
- Risk: occupancy lags stronger LA submarkets and rent-to-income pressure requires careful lease management