| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15540 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1972 |
| Units | 83 |
| Transaction Date | 1996-10-21 |
| Transaction Price | $2,100,000 |
| Buyer | BERKELEY FEDERAL BANK & TRUST FSB |
| Seller | JOGANI SHASHIKANT J |
15540 Vanowen St Van Nuys Multifamily Investment
Neighborhood fundamentals signal resilient renter demand with high-90s occupancy and a deep renter pool, according to WDSuite s CRE market data. For investors, the area s steady leasing and strong replacement-cost dynamics point to durable performance through cycles.
The property sits within an Urban Core pocket of Van Nuys where neighborhood-level occupancy trends are strong and stable, supporting income consistency. Renter-occupied share is high for the neighborhood, indicating depth in the tenant base and a broader canvas for leasing strategies versus more owner-heavy areas.
Amenities skew favorable: dining density ranks in the 96th percentile nationally, with cafes and pharmacies also above national medians, while grocery access is solidly above average. Park access is limited relative to peers, a consideration for positioning and resident engagement. Average school ratings in the neighborhood track below national norms, which may influence family-oriented leasing but does not preclude workforce demand.
Within the Los Angeles-Long Beach-Glendale metro, this neighborhood is competitive on overall livability (B rating) and sits above the metro median on several housing and amenity measures. Elevated home values compared with national benchmarks reinforce reliance on rental housing, which can aid lease retention and pricing power for well-managed assets. Mid-cycle rent levels in the neighborhood reflect sustained growth over the last five years, aligning with broader metro momentum noted in WDSuite s multifamily property research.
Demographics aggregated within a 3-mile radius show modest population contraction alongside an increase in total households and smaller average household sizes, which typically expand the renter pool and support occupancy stability. For multifamily investors, that shift suggests ongoing demand for smaller formats and efficient floor plans, with renewal management and amenity programming as key levers.
Safety indicators present a mixed but improving picture. Compared with neighborhoods nationwide, the area scores above average on safety, while within the Los Angeles metro it trends closer to the higher-crime side of the spectrum. Recent data shows meaningful year-over-year declines in both property and violent offense rates at the neighborhood level, supporting a constructive near-term trend without implying block-level conditions.
Nearby corporate offices across life sciences, telecom, insurance, and entertainment provide a broad employment base that supports renter demand and commute convenience. The employers below reflect the closest concentration likely to influence leasing and retention dynamics.
- Thermo Fisher Scientific life sciences (7.1 miles)
- Charter Communications telecommunications (7.3 miles)
- Farmers Insurance Exchange insurance (7.5 miles) HQ
- Radio Disney media (8.0 miles)
- Disney entertainment (8.8 miles) HQ
This 83-unit asset in Van Nuys benefits from a high renter concentration and neighborhood occupancy in the high-90s, supporting consistent collections and lower downtime between turns. Elevated ownership costs in the area reinforce multifamily a0leasing, while 3-mile demographics point to rising household counts and smaller household sizes a0 dynamics that generally expand the renter pool and underpin steady absorption.
Based on commercial real estate analysis from WDSuite, neighborhood rents have shown durable growth, with amenity density (notably dining) above national norms and broad employment access across the Valley and Westside. Key considerations include below-average school ratings and limited park access, which call for thoughtful amenity programming and marketing, as well as active lease management to navigate affordability pressure.
- High neighborhood occupancy and deep renter base support income stability
- Elevated ownership costs bolster rental demand and lease retention
- Amenity-rich location with strong dining density aids resident satisfaction
- Diverse nearby employers widen the prospect pool and support renewals
- Risks: below-average school scores, limited park access, and affordability pressure require proactive management