| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15220 Sherman Way, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1979 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15220 Sherman Way, Van Nuys Multifamily Investment
Neighborhood data points to a deep renter base and steady occupancy trends, supporting durable demand near core San Fernando Valley job nodes, according to WDSuite’s CRE market data.
Situated in Van Nuys’ Urban Core, the property benefits from a renter-occupied housing share that is high for the metro (neighborhood metric) and aligns with a broader 3-mile renter concentration, signaling a sizable tenant base for multifamily. Neighborhood occupancy is near the national midpoint, which, combined with strong renter concentration, suggests stable leasing fundamentals rather than reliance on transient demand.
Daily-life amenities are a relative strength. Restaurants and cafes score in the top quartile nationally, with pharmacies near the top of national comparisons, according to WDSuite’s commercial real estate analysis. Park and childcare access are limited at the neighborhood level, so on-site features and walk-to retail matter more for resident appeal and retention.
Ownership costs in the surrounding area are elevated versus national norms (neighborhood home values rank among the higher percentiles nationwide). This typically sustains rental demand and can support pricing power, while the neighborhood’s rent-to-income positioning warrants attentive lease management to mitigate affordability pressure and turnover risk.
Within a 3-mile radius, households have increased even as total population edges lower, indicating smaller household sizes and a shift toward more housing formations per capita. Rising median and mean household incomes and projected rent growth in the near term point to a larger pool of higher-earning renters entering the market, supporting occupancy stability for well-managed assets.
Vintage context: the asset’s 1979 construction is modestly newer than the neighborhood average vintage. That positioning can be competitive versus older stock, though investors should expect ongoing capital planning for systems modernization and potential value-add programming to meet current renter expectations.
Safety indicators for the neighborhood are generally above national averages, with violent and property offense measures positioned in the safer half nationally. Trend-wise, the past year shows one of the strongest national improvements in reported offense rates, reinforcing a constructive direction. These are neighborhood-level indicators and can vary by block; investors typically underwrite to submarket trends and property-level controls.
- Charter Communications — telecom services (6.9 miles)
- Thermo Fisher Scientific — life sciences (7.6 miles)
- Radio Disney — media (7.8 miles)
- Farmers Insurance Exchange — insurance (8.0 miles) — HQ
- Disney — media & entertainment (8.6 miles) — HQ
Proximity to major corporate offices across media, telecom, and insurance supports a broad commuter renter base and helps retention through commute convenience. The employers below represent near-term demand drivers for workforce and professional tenants.
15220 Sherman Way is a 54-unit asset in Van Nuys positioned for steady renter demand amid a high neighborhood renter concentration and mid-range occupancy. Elevated local home values relative to national norms reinforce renter reliance on multifamily housing, while strong food-and-pharmacy amenity density enhances day-to-day livability and leasing appeal. Based on CRE market data from WDSuite, neighborhood income trends and projected rent growth indicate a deepening pool of qualified renters, though affordability management remains important.
Built in 1979, the property is slightly newer than the neighborhood average vintage, offering competitive footing versus older buildings while still presenting modernization and value-add opportunities. Household growth within a 3-mile radius, even alongside flat-to-down population trends, suggests more, smaller households entering the renter pool—supporting occupancy stability for efficiently managed units.
- High neighborhood renter-occupied share supports a durable tenant base and stable leasing.
- Elevated ownership costs locally sustain multifamily demand and potential pricing power.
- Strong amenity access (restaurants, cafes, pharmacies) enhances resident retention and appeal.
- 1979 vintage provides competitive positioning with value-add upside from targeted upgrades.
- Risks: affordability pressure (rent-to-income), limited parks/childcare nearby, and neighborhood occupancy trending near the national midpoint.