| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15344 W Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1984 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15344 W Vanowen St Van Nuys Multifamily in High-Occupancy Area
Neighborhood fundamentals point to stable renter demand and occupancy resilience in Van Nuys, according to WDSuite’s CRE market data, with metrics reflecting the surrounding neighborhood rather than the individual property.
Situated in Los Angeles County’s Urban Core, the area around 15344 W Vanowen St exhibits renter-driven dynamics. The neighborhood’s renter-occupied share is elevated (ranked 132 among 1,441 metro neighborhoods), indicating a deep tenant base for multifamily leasing and potential retention benefits during typical turnover cycles.
Occupancy in the neighborhood is strong, with the neighborhood s occupancy rate ranking 470 of 1,441 metro neighborhoods and landing in the top quintile nationally. That positioning supports underwriting for stabilized operations while still allowing for asset-level variation.
Amenities skew favorable for daily convenience: restaurants are competitive at a 96th national percentile alongside solid access to cafes and pharmacies (upper-80s national percentiles). Grocery options trend above average nationally, though park access is limited relative to peers (bottom percentile), which may slightly temper lifestyle appeal for some renters.
Average neighborhood school ratings are weaker (lower national percentile), which may modestly affect family-oriented demand. However, housing indicators are comparatively strong (around the 80th national percentile), suggesting stable for-rent housing performance against broader metro and national benchmarks.
Within a 3-mile radius, household counts have grown while average household size has declined, pointing to smaller households and a broader leasing pool for one- and two-bedroom product. Combined with elevated home values locally (upper-90s national percentile) and a high value-to-income ratio (top percentile nationally), the ownership market skews high-cost—conditions that can reinforce reliance on multifamily rentals and support lease retention.
The property b9s 1984 vintage is newer than the neighborhood b9s average construction year (1972), indicating relative competitive positioning versus older stock. Investors should still anticipate selective modernization or systems upgrades to capture rent premiums and sustain performance.
Safety metrics for the neighborhood compare favorably in the metro context and land above the national middle. Overall crime ranks 381 out of 1,441 Los Angeles metro neighborhoods, and national positioning is around the 75th percentile, indicating relatively safer conditions versus many neighborhoods nationwide.
Recent trend signals are constructive: property and violent offense rates both show sharp year-over-year improvements (near the top percentile nationally for decline), which, if sustained, can support renter confidence and leasing stability. As always, investors should validate trends over multiple periods and at the submarket scale.
Nearby employment anchors include media, entertainment, insurance, and life sciences offices that deepen the commuter tenant base and can support leasing stability: Charter Communications, Thermo Fisher Scientific, Farmers Insurance Exchange, Radio Disney, and Disney.
- Charter Communications — cable & broadband (7.1 miles)
- Thermo Fisher Scientific — life sciences (7.3 miles)
- Farmers Insurance Exchange — insurance (7.7 miles) — HQ
- Radio Disney — media (7.8 miles)
- Disney — entertainment (8.6 miles) — HQ
This 34-unit, 1984-vintage asset in Van Nuys is positioned in a neighborhood with strong occupancy and a high renter concentration, supporting depth of tenant demand and potential lease stability. The vintage is newer than the local average, suggesting competitive positioning versus older stock, while leaving room for value-add through targeted interior and systems updates. According to CRE market data from WDSuite, neighborhood occupancy trends rank above metro medians nationally, reinforcing a stabilization narrative while acknowledging asset-specific variance.
Within a 3-mile radius, households have increased and average household size has declined, indicating a broader pool of smaller households that typically support one- and two-bedroom absorption. Elevated home values and a high value-to-income ratio at the neighborhood level point to a high-cost ownership market, which can sustain renter reliance on multifamily housing and aid retention. Key watch items include affordability pressure management and the area’s lower school ratings, which may influence family-oriented leasing.
- Strong neighborhood occupancy and deep renter base support leasing stability
- 1984 vintage is newer than local average, enabling targeted value-add and modernization
- High-cost ownership landscape reinforces multifamily demand and potential retention
- Growing household counts within 3 miles expand the tenant pool for smaller units
- Risks: affordability pressure, limited park access, and weaker school ratings may temper some demand segments