| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15630 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1984 |
| Units | 28 |
| Transaction Date | 1994-12-05 |
| Transaction Price | $975,000 |
| Buyer | MODUGNO VITO |
| Seller | CALIFORNIA FEDERAL BANK FSB |
15630 Vanowen St, Van Nuys Multifamily Investment
Neighborhood occupancy has been steady and renter demand remains deep for this Van Nuys Urban Core location, according to WDSuite’s CRE market data. Investors should view this asset as a durable workforce housing play with pricing power supported by a high-cost ownership market.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries a B rating and shows durable renter fundamentals. Neighborhood occupancy is strong and above many U.S. areas, while renter-occupied housing is prevalent, signaling a sizable tenant base for multifamily owners. Median home values sit in a higher-cost range for Los Angeles, which tends to reinforce reliance on rental housing and can aid retention and leasing stability for well-managed properties.
Day-to-day convenience is a relative strength: restaurant density ranks competitive among 1,441 metro neighborhoods and cafes and pharmacies track in the upper national percentiles. Grocery access is also favorable versus national norms. Park access is a weaker point, with limited park acreage nearby, so investors should plan on property-level amenities to support livability.
Schools in the surrounding area benchmark below national averages on WDSuite’s ratings, which may temper family-driven demand; however, the renter concentration remains high, supporting workforce-oriented leasing. Within a 3-mile radius, households have increased even as total population edged lower, pointing to smaller household sizes and a broader leasing pool. Contract rents have advanced over the last five years, and a rent-to-income profile around the upper twenties suggests some affordability pressure to monitor for renewal strategies.
For investors conducting multifamily property research, the property’s 1984 vintage is newer than the neighborhood’s average construction year from the 1970s, positioning it competitively versus older stock while still offering potential modernization and common-area upgrades to capture value-add upside.
Safety indicators compare favorably at the national level, with the neighborhood trending above average nationwide on overall crime measures. Recent WDSuite data also points to a notable year-over-year decline in reported offense rates, a constructive signal for resident retention and leasing. As with most Urban Core locations in Los Angeles, conditions can vary block to block; investors should focus on property-level security, lighting, and access controls to support stable operations.
Proximity to major employers in the San Fernando Valley and adjacent studio/media corridors supports a broad commuter tenant base. Nearby anchors include life sciences, insurance, telecommunications, and entertainment firms that underpin steady workforce housing demand.
- Thermo Fisher Scientific — life sciences supplier (7.0 miles)
- Farmers Insurance Exchange — insurance (7.4 miles) — HQ
- Charter Communications — telecommunications (7.4 miles)
- Radio Disney — media (8.1 miles)
- Disney — entertainment (8.9 miles) — HQ
15630 Vanowen St is a 28-unit, 1984-vintage asset in an Urban Core Van Nuys location where neighborhood occupancy is elevated and renter-occupied housing is prevalent. The asset’s vintage is newer than the area’s average 1970s stock, offering relative competitiveness plus targeted value-add potential (systems and common-area modernization) to drive rent positioning. Median home values in the area are high for Los Angeles, reinforcing sustained rental reliance and supporting occupancy stability.
Within a 3-mile radius, households have grown and are projected to continue rising alongside smaller average household sizes, creating a broader tenant base even as overall population trends modestly softer. According to CRE market data from WDSuite, neighborhood occupancy and amenity access are supportive, while a rent-to-income profile near 29% suggests prudent lease management to balance rent growth with retention. Key watch items include below-average school ratings and limited park access, which can be mitigated with on-site features and service quality.
- Newer 1984 vintage than neighborhood average, with value-add and modernization upside
- Elevated neighborhood occupancy and high renter concentration support demand stability
- High-cost ownership market bolsters renter reliance and potential pricing power
- Expanding household counts within 3 miles broaden the tenant base despite flat population
- Risks: lower school ratings, limited park access, and affordability pressure require focused asset management