| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15710 W Marlin Pl, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1984 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15710 W Marlin Pl, Van Nuys Multifamily Investment
Neighborhood fundamentals signal durable renter demand and occupancy stability, according to WDSuite’s CRE market data. Strong renter concentration and steady lease-up in the surrounding area support consistent performance for well-managed assets.
This Urban Core neighborhood in the Los Angeles-Long Beach-Glendale metro is rated B and sits above the metro median overall (ranked 627 of 1,441 neighborhoods). Investors benefit from a deep renter base: the neighborhood s renter-occupied share is high, which supports day-to-day leasing and renewal visibility at the submarket level rather than the property level.
Operationally, the area s occupancy trends are favorable. Neighborhood occupancy is in the top quartile nationally, and it ranks competitively within the metro (470 of 1,441), indicating stable absorption and limited prolonged vacancy for comparable assets. Median contract rents and home values both sit well above national norms, with home values in the 95th percentile; in a high-cost ownership market, this typically sustains reliance on rental housing and supports pricing power, while still requiring thoughtful lease management as rent-to-income can create affordability pressure.
Livability drivers are mixed. Dining access is a strength (restaurants per square mile at the 96th percentile), with supportive coverage of pharmacies (85th percentile), cafes (87th), and grocery stores (71st). Park access is limited within the neighborhood footprint (lowest national percentile), and average school ratings are below national norms (15th percentile), both of which warrant underwriting conservatism for family-oriented demand. For amenity-driven strategies, these patterns suggest focusing on convenience and services over green-space adjacency.
Demographics aggregated within a 3-mile radius show households growing even as total population has modestly contracted in recent years, implying smaller household sizes and a broadening renter pool. Looking forward, projections indicate a sizable increase in households alongside a decline in average household size, which tends to expand the tenant base for multifamily and support occupancy stability. Income levels are projected to rise meaningfully while rents are also forecast to increase, reinforcing near-term rent growth potential with prudent attention to retention. Construction vintage in the immediate neighborhood skews earlier (average 1972), making a 1984 asset relatively newer and potentially more competitive than older stock, while still benefitting from targeted modernization. These takeaways reflect multifamily property research trends from WDSuite applied to the neighborhood, not the subject property s specifics.
Safety trends are comparatively favorable versus many peer areas. The neighborhood ranks 381 out of 1,441 metro neighborhoods for crime, and sits around the 75th national percentile for safety a stronger position than most neighborhoods nationwide. Recent year-over-year data show sharp improvements in both property and violent offense rates, with changes positioned among the best nationally. Investors should still evaluate block-level conditions during diligence, but the directional trend supports resident retention and leasing stability.
Nearby corporate offices provide a broad employment base and commute convenience that can support renter demand and renewal velocity. Key employers include Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and Disney.
- Thermo Fisher Scientific life sciences offices (6.9 miles)
- Farmers Insurance Exchange insurance (7.3 miles) HQ
- Charter Communications telecommunications (7.5 miles)
- Radio Disney media offices (8.2 miles)
- Disney entertainment (9.0 miles) HQ
Built in 1984, this 26-unit property is relatively newer than much of the surrounding stock, offering competitive positioning versus older assets while leaving room for targeted upgrades as systems age. Neighborhood metrics indicate top-quartile occupancy nationally with a high share of renter-occupied units, supporting steady leasing and renewal potential. Elevated home values in the area reinforce reliance on rental housing, while outsized household growth projected within 3 miles points to a larger tenant base and supports occupancy stability.
According to CRE market data from WDSuite, rents and incomes in the area have trended upward and are projected to continue rising, suggesting pricing power for well-managed assets. Investors should balance this with underwriting for retention where rent-to-income pressure, limited park access, and below-average school ratings could affect certain renter segments.
- Newer 1984 vintage versus an older local average, with potential to modernize selectively for NOI impact.
- High neighborhood renter-occupied share and top-quartile occupancy support leasing durability.
- Elevated ownership costs (95th percentile home values) underpin multifamily demand and pricing power.
- Household growth and smaller household sizes within 3 miles expand the tenant base and support retention.
- Risks: affordability pressure, limited park access, and low average school ratings warrant conservative lease and capex planning.