| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 34th | Fair |
| Amenities | 71st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15716 Saticoy St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 42 |
| Transaction Date | 2017-09-05 |
| Transaction Price | $9,800,000 |
| Buyer | Confidential |
| Seller | David N. Schultz Incorporated, Private Investor, David N. Schultz, PrCiaces/hu Enqitu aivnadle /nstf |
15716 Saticoy St Van Nuys Multifamily Investment
Neighborhood fundamentals point to durable renter demand and occupancy stability near the high-90s, according to WDSuite’s CRE market data. Positioned in Los Angeles County’s inner suburbs, the asset benefits from a deep renter pool and proximity to major employment nodes.
Located in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates a B and trends as an Inner Suburb with broad renter appeal. Neighborhood occupancy is competitive among Los Angeles-Long Beach-Glendale neighborhoods (96.7% and above metro median dynamics by national comparison at the 81st percentile), supporting consistent lease-up and lower turnover risk relative to weaker submarkets.
Daily-needs access is a strength: grocery, restaurants, pharmacies, and childcare density track in the upper national percentiles, helping tenant retention through convenience. Park access is limited, which suggests outdoor amenity scarcity locally; on-site open space or nearby private amenities may differentiate.
The ownership market is high-cost (home values sit in a high national percentile and the value-to-income ratio is among the highest nationally), which tends to sustain reliance on multifamily rentals and can bolster pricing power. At the same time, rent-to-income ratios indicate affordability pressure for some renter households, warranting thoughtful lease management.
Tenure skews renter-occupied at the neighborhood level (renter concentration near the top of metro rankings), indicating a deep tenant base for multifamily product. Construction stock in this area averages late-1970s; 15716 Saticoy St was built in 1986, making it newer than the local average and relatively competitive against older inventory, though investors should still plan for system modernization where appropriate.
Within a 3-mile radius, households have increased even as population edged lower, pointing to smaller household sizes and a broader count of renting households entering the market. Forward-looking estimates also indicate further growth in household counts alongside income gains, which supports multifamily demand depth and occupancy resilience.
Safety trends are mixed in context. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime positioning sits in a less favorable tier among 1,441 neighborhoods, suggesting investors should underwrite prudent security and property management measures. Nationally, comparative indicators appear more favorable, placing the area above the midpoint for safety versus neighborhoods nationwide.
Recent trend data from WDSuite shows substantial year-over-year improvement in both violent and property offense rates, ranking among the strongest improvements nationally. For investors, sustained improvement can support leasing and renewal performance, but ongoing monitoring remains appropriate given the metro-relative placement.
Nearby corporate offices anchor a diverse employment base that supports renter demand and commute convenience, including Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and Disney.
- Thermo Fisher Scientific — corporate offices (7.1 miles)
- Farmers Insurance Exchange — corporate offices (7.4 miles) — HQ
- Charter Communications — corporate offices (7.5 miles)
- Radio Disney — corporate offices (8.6 miles)
- Disney — corporate offices (9.3 miles) — HQ
15716 Saticoy St is a 42-unit, 1986-vintage asset with average unit sizes around 657 sq. ft., positioned to capture steady renter demand from Van Nuys and adjacent employment corridors. Neighborhood occupancy stands at 96.7%, and renter concentration is among the highest in the metro—both supportive of stable cash flow and renewal potential. According to CRE market data from WDSuite, the area’s high-cost ownership landscape (elevated home values and value-to-income ratios) reinforces reliance on multifamily housing, while strong amenity access aids retention.
Relative to the local late-1970s vintage norm, the 1986 construction is newer than average, offering a competitive position versus older stock; targeted system updates and interior refreshes can further enhance leasing velocity. Key underwriting considerations include affordability pressure (rent-to-income levels) and school quality softness, which may influence unit mix strategy and marketing.
- Occupancy near the high-90s and deep renter base support income stability
- Newer-than-local-average 1986 vintage offers competitive positioning with value-add upside
- High-cost ownership market sustains multifamily demand and pricing power
- Strong amenity access (grocery, restaurants, childcare) aids retention
- Risks: metro-relative safety positioning, affordability pressures, and weaker school ratings