| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15329 Vose St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1987 |
| Units | 25 |
| Transaction Date | 2013-03-06 |
| Transaction Price | $4,100,041 |
| Buyer | CIRRUS 15329 VOSE STREET LLC |
| Seller | VOSE REGENCY APARTMENTS LLC |
15329 Vose St, Van Nuys Multifamily with Durable Renter Base
Neighborhood occupancy is strong and renter demand is deep in this Los Angeles submarket, according to WDSuite’s CRE market data. These indicators point to stable leasing conditions at the neighborhood level rather than the specific property.
The property sits in an Urban Core pocket of Van Nuys rated B among Los Angeles-Long Beach-Glendale neighborhoods. Local amenity access is a relative strength: restaurants score in the top quartile nationally and are competitive among 1,441 metro neighborhoods, with supportive depth in cafes and pharmacies. Parks are limited immediately nearby, which may place more emphasis on private or programmed on-site common areas for resident appeal.
At the neighborhood level, occupancy trends are solid and above most U.S. areas, suggesting steady absorption and lease retention potential. The share of renter-occupied housing units is high, indicating a large tenant pool that supports multifamily demand and reduces exposure to single-asset leasing volatility.
Construction vintage in the area skews older (average year 1972). With a 1987 build, this asset is newer than much of the local stock, which can help competitiveness versus 1960s–1970s product while still warranting selective modernization to refresh interiors, systems, and curb appeal as part of a targeted value-add plan.
Within a 3-mile radius, demographics show a slight population contraction alongside an increase in total households historically, with forecasts pointing to continued household growth and smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability even as population edges down. Elevated home values relative to incomes in the neighborhood context reinforce reliance on rental housing, which can aid pricing power while requiring attentive lease management to balance affordability and retention.
Compared with neighborhoods nationwide, this area benchmarks in a favorable range for safety, landing around the top quartile nationally. Within the Los Angeles-Long Beach-Glendale metro, its crime rank places it competitive among 1,441 neighborhoods. Recent year-over-year trends indicate notable declines in both violent and property offense estimates, which supports a constructive outlook if the trajectory continues.
As with any Urban Core location, conditions can vary by block and over time. Investors should evaluate recent incident trends and property-level measures to align insurance, security, and operating practices with current neighborhood patterns.
Nearby corporate offices create a broad employment base and commute convenience that supports renter demand and retention, including Charter Communications, Thermo Fisher Scientific, Farmers Insurance Exchange, Radio Disney, and Disney.
- Charter Communications — communications (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
15329 Vose St offers a 1987-vintage, roughly 25-unit multifamily footprint in a Van Nuys neighborhood with strong renter-occupied concentration and above-average occupancy at the neighborhood level. The asset’s vintage is newer than the area’s average stock, supporting competitive positioning versus older properties while leaving room for selective interior and common-area upgrades. Elevated home values in the neighborhood context bolster reliance on rental housing and help sustain demand for well-managed units, according to CRE market data from WDSuite.
Within a 3-mile radius, households have grown historically and are projected to expand further even as average household size trends lower, which generally enlarges the renter pool and supports occupancy stability. Rent levels have increased in recent years and are forecast to continue rising, underscoring the importance of active lease management to balance pricing with retention given localized affordability pressures.
- Neighborhood occupancy and high renter-occupied share support a deep tenant base and leasing stability.
- 1987 construction is newer than the local average, creating an edge versus older stock with targeted value-add upside.
- High-cost ownership market reinforces demand for rentals and can support pricing power with effective renewal strategies.
- 3-mile household growth and smaller household sizes point to renter pool expansion that can sustain occupancy.
- Risks: affordability pressure and uneven local school quality require disciplined lease management and amenity/programming investments.