| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15323 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1975 |
| Units | 33 |
| Transaction Date | 2017-09-12 |
| Transaction Price | $5,200,000 |
| Buyer | NVANOWE LLC |
| Seller | LEE JUNG OCK |
15323 Vanowen St, Van Nuys Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this 33-unit asset for steady leasing and measured rent growth in a high-cost ownership market.
Van Nuys sits within Los Angeles’s Urban Core and shows balanced fundamentals that appeal to workforce renters. Neighborhood occupancy is high and competitive among Los Angeles neighborhoods (based on WDSuite data), while the area’s renter-occupied share sits in the nation’s upper percentiles, indicating a broad tenant base that supports renewal rates and day-one leasing stability.
Amenities are a relative strength: restaurants and cafes rank in the higher national percentiles, and pharmacies are convenient by urban standards. Grocery access tracks above the national median. Park access is limited locally, so investors should lean on neighborhood walkability and services in marketing to target cohorts. School ratings trend below national medians; for multifamily, that typically skews the demand profile toward singles, roommates, and young professionals rather than family-driven moves.
Home values in the neighborhood are elevated versus national norms, which tends to reinforce reliance on rentals and supports pricing power for well-managed properties. At the same time, rent-to-income sits in a lower national percentile, a combination that can aid retention and reduce concessions risk in typical leasing cycles.
Within a 3-mile radius, recent data show a modest population dip but an increase in households and a projected shift toward smaller household sizes over the next five years. For investors, that points to a larger renter pool relative to population counts and sustained demand for smaller, efficient units—useful context for unit mix and renovation strategy during multifamily property research.
Safety metrics are mixed but improving. Overall crime conditions benchmark in the top quartile nationally, while violent incident measures sit closer to the national middle. Notably, both violent and property offense rates show sharp year-over-year declines, signaling momentum that investors should validate during diligence and underwriting (per WDSuite’s market data).
As always, sub-neighborhood variation can be meaningful in large metros. Compare recent trendlines against the broader Los Angeles-Long Beach-Glendale metro and review on-the-ground indicators (lighting, activation, and property security features) to align operating assumptions with actual conditions.
Proximity to established corporate offices underpins workforce renter demand and commute convenience, with nearby roles spanning telecommunications, life sciences, media, and insurance. The employers below represent the most relevant demand drivers for this location.
- Charter Communications — telecommunications (7.0 miles)
- Thermo Fisher Scientific — life sciences (7.4 miles)
- Radio Disney — media (7.7 miles)
- Farmers Insurance Exchange — insurance (7.8 miles) — HQ
- Disney — media & entertainment (8.5 miles) — HQ
15323 Vanowen St is a 33-unit, 1975-vintage asset in Van Nuys, a renter-heavy pocket of the Los Angeles metro with occupancy that is competitive among local neighborhoods. Elevated neighborhood home values support sustained reliance on multifamily, while a comparatively lower rent-to-income profile helps leasing durability and renewal potential. According to CRE market data from WDSuite, the surrounding area’s amenities score well relative to national norms, which supports marketing to workforce renters despite weaker school ratings.
The 1975 vintage suggests practical capital planning and clear value-add pathways: system updates, interiors, and common-area upgrades can sharpen positioning against older stock while capturing rent premiums tied to convenience and finishes. Within a 3-mile radius, households have increased and are projected to expand further as average household size trends lower—dynamics that typically broaden the renter base and support occupancy stability for smaller-format units.
- Renter-heavy neighborhood and competitive occupancy support day-one leasing stability
- High ownership costs in the area reinforce multifamily demand and pricing power
- 1975 vintage offers tangible value-add via interiors, systems, and amenities
- 3-mile trends point to more households and smaller sizes, expanding the renter pool
- Risks: softer school ratings and limited park access; validate submarket crime trends and capex scope during diligence