| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15435 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2013 |
| Units | 29 |
| Transaction Date | 2011-03-23 |
| Transaction Price | $750,000 |
| Buyer | COMMODORE ENTERPRISES LLC |
| Seller | SAVIK LLC |
15435 Vanowen St, Van Nuys Multifamily Investment
2013 construction in a high renter-demand neighborhood positions this asset for steady occupancy and competitive leasing, according to WDSuite’s CRE market data.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood posts above-median occupancy for the region and has remained stable in recent years, supporting income consistency for multifamily investors. Renter concentration is high (top 2% nationally), indicating a deep tenant base and durable demand for professionally managed units.
Local amenity density is a relative strength: restaurants are abundant (top decile nationally), with supportive cafe and pharmacy coverage. Grocery access is solid for an urban core location, though park access is limited, which may influence lifestyle-oriented leasing and should be considered in marketing and amenity programming.
Within a 3-mile radius, households have increased while average household size has edged lower, pointing to more, smaller households entering the market—conditions that typically expand the renter pool and support occupancy stability. Median home values rank near the top nationally, creating a high-cost ownership market that tends to sustain reliance on rental housing and can aid lease retention. Rent-to-income ratios in the area are comparatively moderate versus national norms, which can help manage retention risk even as rents trend upward.
The property’s 2013 vintage is newer than the neighborhood’s older housing stock (average early-1970s), providing a competitive edge on finishes and systems while potentially deferring near-term capital needs. School ratings in the neighborhood track below national medians; investors should calibrate positioning toward renters prioritizing commute convenience, unit quality, and in-building amenities.
Neighborhood safety compares favorably in context: it is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked in the stronger third of 1,441 metro neighborhoods) and sits in the top quartile nationally. Recent data also show notable year-over-year reductions in both property and violent offense rates, according to WDSuite, which supports a positive near-term trajectory.
As with any urban core location, conditions can vary by block and over time. Investors should align property operations and resident services with local patterns and continue monitoring trends at the neighborhood—not block—level.
Proximity to major corporate offices supports renter demand via diverse white-collar employment and reasonable commutes. Key nearby employers include Charter Communications, Thermo Fisher Scientific, Farmers Insurance, Radio Disney, and Disney.
- Charter Communications — telecommunications (7.2 miles)
- Thermo Fisher Scientific — life sciences (7.2 miles)
- Farmers Insurance Exchange — insurance (7.6 miles) — HQ
- Radio Disney — media (7.9 miles)
- Disney — entertainment (8.7 miles) — HQ
This 29-unit, 2013-vintage asset competes well against older neighborhood stock while benefiting from a high renter concentration and stable neighborhood occupancy. Elevated ownership costs in the area underpin sustained rental demand and can support lease retention and pricing power, while comparatively moderate rent-to-income dynamics help manage affordability pressure.
Within a 3-mile radius, recent household growth alongside smaller household sizes points to a larger tenant base and continued depth for multifamily leasing. According to CRE market data from WDSuite, neighborhood occupancy trends remain strong versus national norms, reinforcing an income-focused thesis; investors should still plan for normalizing rent growth and routine system updates as the asset ages into its second decade.
- Newer 2013 construction versus older local stock supports competitive positioning and potentially lower near-term capex.
- High renter concentration and stable neighborhood occupancy indicate durable demand and income stability.
- High-cost ownership market sustains reliance on multifamily housing, aiding retention and pricing power.
- Growing household counts and smaller household sizes within 3 miles expand the tenant base and support leasing.
- Risks: limited park access, lower school ratings, and macro volatility warrant conservative underwriting and active management.