| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15600 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15600 Vanowen St, Van Nuys Multifamily Opportunity
Neighborhood occupancy has remained resilient with stable renter demand, according to WDSuite’s CRE market data, positioning this asset for steady leasing performance in a high-cost ownership pocket of Los Angeles.
The property sits in an Urban Core neighborhood of the Los Angeles-Long Beach-Glendale metro (B-rated) where renter demand is well established. Neighborhood occupancy is competitive among Los Angeles neighborhoods (470 of 1,441) and in the top quartile nationally, a backdrop that supports cash flow stability for professionally managed multifamily.
Livability is anchored by strong daily conveniences: restaurants are dense (96th percentile nationally), with solid access to pharmacies and cafes (mid-80s percentiles). Park access is limited, which may reduce open-space appeal but tends to concentrate activity around commercial corridors. Average school ratings trend below national norms, which is important for unit-mix and marketing strategy.
Housing dynamics favor rentals. Roughly three-quarters of neighborhood housing units are renter-occupied (74.5%), indicating a deep tenant pool and consistent leasing velocity. Elevated home values locally reinforce reliance on multifamily, sustaining demand and potential pricing power for well-maintained assets.
Within a 3-mile radius, demographic data show a modest population dip alongside an increase in households and smaller average household sizes over the last five years, with further household growth projected by 2028. For investors, that combination typically expands the renter pool and can support occupancy stability and absorption, especially for efficient floor plans.
Safety trends compare favorably to many neighborhoods nationwide on property crime and are nearer the national midpoint for violent incidents. Recent year estimates indicate substantial declines in both violent and property offenses, which, if sustained, would support leasing confidence and resident retention. These indicators are neighborhood-level and should be contextualized against property operations and on-the-ground management.
Against regional peers in the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area performs above average on several safety metrics while remaining mixed on others. Investors should underwrite conservative security and lighting plans and confirm recent trend continuity during due diligence.
Proximity to major corporate offices underpins a broad employment base and commute convenience that can bolster multifamily leasing, notably across life sciences, media, and telecom. Nearby anchors include Thermo Fisher Scientific, Charter Communications, Farmers Insurance Exchange, Radio Disney, and Disney.
- Thermo Fisher Scientific — life sciences (7.0 miles)
- Charter Communications — telecom & media (7.4 miles)
- Farmers Insurance Exchange — insurance (7.5 miles) — HQ
- Radio Disney — media (8.0 miles)
- Disney — entertainment (8.8 miles) — HQ
15600 Vanowen St is a 55-unit 1986-vintage asset in a renter-heavy Van Nuys location where neighborhood occupancy is competitive across the Los Angeles metro and in the top quartile nationally. The 1986 construction is newer than the area’s average vintage, which can aid competitive positioning versus older stock; investors should still plan for targeted system upgrades or common-area refreshes to enhance rentability.
High ownership costs in the surrounding neighborhood help sustain reliance on rentals, while the 3-mile radius shows increasing household counts and shrinking household sizes — trends that typically expand the tenant base and support occupancy. Based on commercial real estate analysis from WDSuite, occupancy and rent levels track above many U.S. neighborhoods, with a rent-to-income profile that suggests measured affordability pressure and manageable lease management considerations.
- Renter concentration and strong neighborhood occupancy support stable leasing fundamentals.
- 1986 vintage offers relative competitiveness with value-add potential via selective upgrades.
- High local home values reinforce multifamily demand and pricing power for well-managed assets.
- 3-mile household growth and smaller household sizes expand the renter pool over time.
- Risks: limited park access and lower school ratings; underwrite for security, lighting, and competitive amenities.