| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 33rd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15231 Sherman Way, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2000 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15231 Sherman Way, Van Nuys Multifamily Investment
Neighborhood occupancy trends indicate steady renter demand, and elevated ownership costs in the area continue to support reliance on rentals, according to WDSuite’s CRE market data.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries a C+ rating and functions as an Urban Core area with broad renter appeal. Neighborhood occupancy is above the national median, supporting leasing stability for well-positioned assets. The share of housing units that are renter-occupied is high, ranking among the stronger concentrations within the metro’s 1,441 neighborhoods, which indicates a deep tenant base for multifamily product.
Daily needs are well-served: restaurants and cafes sit in the top quartile nationally, and grocery access is also top quartile. However, park access and formal childcare options score low locally. For investors, this mix points to strong convenience amenities that aid retention, while the limited parks/childcare suggests fewer family-oriented amenities relative to some Los Angeles submarkets.
Home values are elevated compared with incomes (high value-to-income ratios), which characterizes a high-cost ownership market. In practice, that dynamic tends to sustain rental demand and supports pricing power when units are appropriately finished. Rent-to-income levels suggest some affordability pressure, so proactive lease management and renewal strategies remain important for retention.
Within a 3-mile radius, households have increased even as population has edged down, implying smaller household sizes and a renter pool that could diversify toward smaller formats. Forward-looking indicators point to continued growth in households, which can expand the tenant base and support occupancy. School ratings are below average relative to national peers, which may modestly temper appeal for family renters but is less likely to impact demand from singles and roommate households.
Relative to neighborhoods nationwide, the area trends safer than the national median on composite crime measures (around the 70th percentile nationally). Compared with other parts of the Los Angeles-Long Beach-Glendale metro, it performs competitively, and recent data signal notable year-over-year improvement in both property and violent offense rates, based on WDSuite’s market tracking.
Investors should read this as an improving but urban context: safety metrics are better than many peer urban neighborhoods nationally, with momentum that can support leasing confidence without assuming block-level uniformity.
Proximity to regional employers underpins workforce renter demand and commute convenience, notably in media, insurance, and life sciences. The employers below represent nearby demand drivers that can aid leasing stability.
- Charter Communications — telecommunications (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 — entertainment (8.6 miles) — HQ
Built in 2000, the asset is newer than the neighborhood’s average vintage and should compete well against older stock, while investors may still plan for selective modernization as systems age. Strong renter concentration and above-median neighborhood occupancy point to demand depth that supports stabilization and renewal strategies. Elevated home values relative to incomes reinforce reliance on rentals, bolstering the tenant base even as household budgets warrant careful lease management.
Within a 3-mile radius, households have grown and are projected to continue rising despite a modest population dip, signaling smaller household sizes and a broader renter pool. According to CRE market data from WDSuite, occupancy remains above national medians, and local convenience amenities (food/grocery) rank well nationally, supporting retention for well-located multifamily assets.
- Newer 2000 vintage versus older neighborhood stock, reducing near-term capex and enhancing competitive positioning
- High renter-occupied share indicates a deep tenant base and supports occupancy stability
- Elevated ownership costs in the area sustain multifamily demand and pricing power
- Household growth within 3 miles expands the renter pool despite modest population decline
- Risks: below-average school ratings, limited parks/childcare, and affordability pressure call for focused leasing and retention strategies