| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15722 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1989 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15722 Vanowen St Van Nuys Multifamily Investment
This 36-unit property built in 1989 benefits from strong neighborhood-level rental demand, with 74.5% of housing units renter-occupied and occupancy rates reaching 96.8% according to CRE market data from WDSuite.
The Van Nuys neighborhood demonstrates strong fundamentals for multifamily investment, ranking in the top quartile nationally (70th percentile) for amenities. With 74.5% of housing units renter-occupied, this area shows significantly higher rental demand than the typical U.S. neighborhood, ranking 132nd among 1,441 Los Angeles metro neighborhoods for rental share.
Built in 1989, this property aligns with the neighborhood's average construction year of 1972, potentially offering value-add opportunities through strategic renovations and unit improvements. Neighborhood-level occupancy remains strong at 96.8%, ranking in the 82nd percentile nationally, indicating stable tenant retention and minimal vacancy pressure.
Demographics within a 3-mile radius show a mature rental market with 233,931 residents and median household income of $76,165. The area maintains 67.3% renter-occupied housing units with median contract rents at $1,675. Projections through 2028 indicate household growth of 30.4% alongside rising incomes, supporting sustained rental demand despite a modest population decline of 2.5%.
Local amenities support tenant appeal with restaurant density ranking in the 96th percentile nationally at 18.7 establishments per square mile. However, the neighborhood shows limited park access, ranking last among metro neighborhoods, which may affect premium unit positioning but doesn't significantly impact core rental demand in this urban setting.
Safety metrics show mixed trends that require ongoing monitoring. The neighborhood ranks 381st among 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 75th percentile nationally. Property offense rates have declined significantly by 89.7% year-over-year, ranking in the 99th percentile nationally for improvement, while violent crime rates also decreased by 89.3%.
Current property offense rates stand at 143.1 incidents per 100,000 residents, with violent offenses at 50.9 per 100,000 residents. These substantial year-over-year improvements suggest positive neighborhood trajectory, though investors should continue monitoring crime trends as part of ongoing asset management and tenant retention strategies.
The property benefits from proximity to major corporate employers across entertainment, insurance, and technology sectors, supporting workforce housing demand in the San Fernando Valley.
- Thermo Fisher Scientific — life sciences (6.9 miles)
- Farmers Insurance Exchange — insurance (7.3 miles) — HQ
- Charter Communications — telecommunications (7.5 miles)
- Radio Disney — media (8.2 miles)
- Disney — entertainment (9.0 miles) — HQ
This 36-unit Van Nuys property presents a compelling value-add opportunity in a high-demand rental market. The neighborhood's 74.5% renter occupancy rate ranks in the 98th percentile nationally, while 96.8% occupancy rates indicate strong tenant retention. Built in 1989, the property offers renovation upside potential to capture higher rents as the area benefits from rising household incomes projected to reach $112,002 by 2028.
According to multifamily property research from WDSuite, the neighborhood demonstrates resilient fundamentals with substantial crime reductions and proximity to major employers including Disney and Farmers Insurance headquarters. Household growth of 30.4% through 2028 supports expanding rental demand, while current median rents of $1,675 provide room for strategic improvements and rent optimization.
- Strong rental market with 74.5% renter occupancy ranking 98th percentile nationally
- Stable 96.8% neighborhood occupancy rates support consistent cash flow
- Value-add potential through strategic renovations of 1989 vintage property
- Projected household income growth to $112,002 by 2028 supports rent increases
- Risk: Limited park access may affect premium unit positioning and tenant amenities