| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15314 Gault St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1978 |
| Units | 45 |
| Transaction Date | 2006-05-08 |
| Transaction Price | $883,500 |
| Buyer | 45 LA APTS LLC |
| Seller | LATITUDE LLC |
15314 Gault St Van Nuys Multifamily Investment
Neighborhood occupancy has been competitive among Los Angeles neighborhoods and renter-occupied housing is prevalent, indicating a deep tenant base, according to WDSuite’s CRE market data. High ownership costs in the area further support sustained multifamily demand.
Positioned in Van Nuys within the Los Angeles metro, the neighborhood rates a B and ranks 627 of 1,441 metro neighborhoods, placing it above the metro median for overall performance. Dining density is strong (nationally around the 96th percentile for restaurants per square mile), and broader amenities trend above national averages, supporting renter convenience and lease retention.
Multifamily fundamentals are resilient at the neighborhood level: occupancy is competitive among Los Angeles neighborhoods (ranked 470 of 1,441) and rents sit above national norms, signaling steady demand. The area’s housing stock skews renter-occupied, with a high share of renter-occupied units, which typically translates to a larger tenant base and more consistent leasing velocity for comparable assets.
Home values in the neighborhood are elevated (about the 95th percentile nationally), creating a high-cost ownership market that reinforces reliance on rental housing and can support pricing power for well-maintained assets. At the same time, rent-to-income metrics suggest some affordability pressure; operators should prioritize retention and prudent renewals to sustain occupancy.
Within a 3-mile radius, households have grown recently and are projected to increase further even as population trends modestly soften, reflecting smaller household sizes and a potential renter pool expansion that supports occupancy stability. Average schools rate below national averages, and park access is limited locally, which are considerations for family-oriented positioning but can be offset by the area’s amenity density and employment access.
The property’s 1978 vintage is slightly newer than the neighborhood’s average construction year (1972). For investors, that positioning can offer a relative edge versus older stock, while still leaving room for targeted capital improvements (systems modernization and common-area upgrades) to drive rent premiums.
Safety indicators compare favorably: the neighborhood’s crime rank sits at 381 out of 1,441 Los Angeles metro neighborhoods, which is competitive among peer areas, and national measures align around the 75th percentile for safety. Recent year-over-year trends show sharp declines in both property and violent offense rates at the neighborhood level, pointing to improving conditions. As always, investors should confirm submarket and street-level patterns during due diligence.
Proximity to major media, entertainment, insurance, and life sciences employers underpins renter demand and commute convenience for a broad workforce segment, supporting leasing stability for nearby multifamily. Key nearby employers include Charter Communications, Thermo Fisher Scientific, Farmers Insurance Exchange, Radio Disney, and Disney.
- Charter Communications — telecom/media (7.0 miles)
- Thermo Fisher Scientific — life sciences (7.4 miles)
- Farmers Insurance Exchange — insurance (7.8 miles) — HQ
- Radio Disney — media (7.9 miles)
- Disney — entertainment (8.6 miles) — HQ
This 45-unit, late-1970s asset sits in a Los Angeles neighborhood with competitive occupancy, strong amenity access, and a high share of renter-occupied housing units—factors that support a durable tenant base and steady leasing. Elevated home values relative to national benchmarks reinforce rental reliance, while household growth within a 3-mile radius and smaller household sizes point to a growing renter pool. Based on commercial real estate analysis from WDSuite, the neighborhood’s rent levels and occupancy trends compare favorably to broader national patterns, supporting a stable income profile for well-operated assets.
Constructed in 1978, the property is slightly newer than the neighborhood average, offering a modest competitive edge versus older stock. Targeted capital planning around building systems and common-area renovations can enhance positioning and capture incremental rent, while operators should manage affordability pressure and school quality perceptions through service quality, retention programs, and unit-level upgrades.
- Competitive neighborhood occupancy and renter concentration support leasing stability
- High-cost ownership market sustains multifamily demand and pricing power
- 1978 vintage presents value-add upside via systems and common-area upgrades
- Amenity-rich location near major employers underpins tenant retention
- Risks: affordability pressure, below-average school ratings, and limited park access