| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 30th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15549 Sherman Way, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1972 |
| Units | 93 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15549 Sherman Way Van Nuys Multifamily Investment
Neighborhood fundamentals point to durable renter demand, with historically tight neighborhood occupancy and a high share of renter-occupied units supporting income stability, according to WDSuite’s commercial real estate analysis. Proximity to job centers across the San Fernando Valley adds depth to the tenant base.
This Urban Core pocket of Van Nuys offers strong day-to-day convenience for residents. Amenity access ranks competitive among 1,441 Los Angeles metro neighborhoods, and food and essentials are well-covered with restaurant and grocery density in the higher tiers nationally. Parks and formal childcare are limited in the immediate area, so on-site and nearby private alternatives may matter for retention.
For apartment investors, the neighborhood shows top-quartile occupancy performance among 1,441 metro neighborhoods and sits in the upper national percentile for housing strength, based on CRE market data from WDSuite. Renter concentration in the neighborhood is high, indicating a deep pool of renter-occupied units and broad demand for multifamily product. Median contract rents trend above national norms for comparable urban neighborhoods, which supports revenue, while requiring attentive lease management where rent-to-income pressure can surface.
Within a 3-mile radius, households have grown even as population edges lower, implying smaller household sizes and a gradual expansion of the renter pool. This combination typically supports occupancy stability and steady leasing velocity for well-managed assets. Elevated home values in the area reflect a high-cost ownership market, which tends to sustain reliance on multifamily housing and can reinforce pricing power for competitively positioned properties.
Vintage context matters: the neighborhood’s average construction year trends mid-1970s, and this property’s 1972 build suggests near-term capital planning and value-add potential (systems, interiors, common areas) to maintain competitiveness against newer stock while capturing rent premiums through targeted upgrades.
Safety trends compare favorably. By metro ranking, the neighborhood performs well versus 1,441 Los Angeles-area neighborhoods, and national percentiles indicate top-quartile safety relative to neighborhoods nationwide. Estimated offense rates have also moved lower over the past year, pointing to improving conditions. As with any urban submarket, investors should underwrite standard security measures and monitor block-level dynamics over time.
Nearby corporate offices across media, insurance, and life sciences provide a diversified employment base and commute convenience that supports multifamily renter demand and retention. The employers below represent key drivers accessible from Van Nuys.
- Thermo Fisher Scientific — life sciences (7.2 miles)
- Charter Communications — telecommunications (7.3 miles)
- Farmers Insurance Exchange — insurance (7.6 miles) — HQ
- Radio Disney — media (8.2 miles)
- Disney — entertainment (9.0 miles) — HQ
15549 Sherman Way is a 93-unit, 1972-vintage asset positioned in a high-renter, Urban Core neighborhood where occupancy performance ranks in the upper tier locally and compares well nationally. Elevated ownership costs in the surrounding area sustain reliance on rental housing, while a growing household base within a 3-mile radius supports a larger tenant pool and leasing stability. According to CRE market data from WDSuite, neighborhood housing indicators trend above national norms, suggesting durable demand for well-managed multifamily.
The 1972 vintage points to pragmatic value-add and capital planning opportunities. Targeted upgrades to interiors and common areas can enhance competitive positioning versus newer product. Investors should also account for nuanced risks such as pockets of affordability pressure and the need to offset limited nearby parks/childcare with on-site amenities and resident services.
- Tight neighborhood occupancy and high renter concentration support income stability
- High-cost ownership market reinforces multifamily demand and pricing power
- 1972 vintage enables value-add and system modernization to drive NOI
- 3-mile household growth implies a broader tenant base and steady leasing
- Risks: affordability pressure in parts of the renter base; limited nearby parks/childcare