| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15746 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2023-03-03 |
| Transaction Price | $5,801,500 |
| Buyer | TOPANGA WEST LLC |
| Seller | MING KONG AND MEI-LI CHEN TRUST |
15746 Vanowen St Van Nuys Multifamily Investment
Stable renter demand and high neighborhood occupancy support cash flow resilience for this 24-unit 1986 asset, according to WDSuite s CRE market data.
Van Nuys sits within the Los Angeles-Long Beach-Glendale metro and this neighborhood carries a B rating with occupancy at 96.8% (top-quartile nationally), indicating steady leasing conditions across nearby multifamily stock based on WDSuite s commercial real estate analysis. With an estimated 74.5% of housing units renter-occupied, the area offers a deep tenant base that can support ongoing demand and reduce lease-up risk.
The property s 1986 construction is newer than the neighborhood s average vintage (1972), suggesting relative competitiveness versus older buildings while still warranting routine modernization budgeting for systems and finishes. Elevated home values (95th percentile nationally) signal a high-cost ownership market in this part of Los Angeles County, which tends to reinforce reliance on rental housing and can aid pricing power and retention management.
Local convenience is a strength: restaurant density ranks competitively in the metro and sits in the 96th percentile nationally, with cafes and pharmacies also above national norms. However, nearby park access measures weakly within the metro, and average school ratings are low, which investors should weigh when positioning unit mix and amenities. Neighborhood performance metrics are measured for the neighborhood and not the property.
Within a 3-mile radius, demographics show households growing while population edges down, reflecting smaller household sizes and a shift that typically expands the renter pool. Median rent-to-income near 29% suggests manageable affordability pressure for many renters locally, supporting lease retention, while forward-looking projections point to higher household incomes and continued renter participation, which can underpin occupancy stability.
Relative to neighborhoods nationwide, this area trends safer than average (around the 75th percentile nationally), and it is competitive among Los Angeles-Long Beach-Glendale neighborhoods (crime rank 381 out of 1,441). Recent WDSuite data also indicates pronounced year-over-year declines in both property and violent offense rates, an encouraging directional trend for long-term owners.
Safety conditions can vary block to block and over time; investors should underwrite with current, property-level security practices and monitor neighborhood trends alongside citywide enforcement and community initiatives.
Proximity to major corporate offices supports a broad commuter tenant base and can aid leasing velocity, led by life sciences, insurance, media, and telecom employers noted below.
- Thermo Fisher Scientific life sciences (6.8 miles)
- Farmers Insurance Exchange insurance (7.2 miles) HQ
- Charter Communications telecom (7.6 miles)
- Radio Disney media (8.2 miles)
- Disney media & entertainment (9.0 miles) HQ
15746 Vanowen St offers 24 units with 1986 vintage in a renter-heavy Van Nuys location where neighborhood occupancy is strong and restaurant/retail access is above national norms. The asset s vintage is newer than the area s average stock, positioning it competitively versus older buildings while leaving room for targeted value-add to modernize systems and interiors. According to CRE market data from WDSuite, elevated local home values and a high share of renter-occupied units support a deep tenant base and steady leasing.
Within a 3-mile radius, household counts are rising even as average household size trends lower, a combination that typically expands the renter pool and supports occupancy stability. While school ratings and limited park access warrant consideration, forward-looking income gains and strong employer access underpin durable demand for well-managed multifamily.
- High neighborhood occupancy and deep renter concentration support leasing stability
- 1986 construction offers competitive positioning with value-add/modernization upside
- Elevated ownership costs in Los Angeles County reinforce multifamily rental demand
- Diverse nearby employers enhance commute convenience and tenant retention
- Risks: weaker school ratings and limited parks require amenity and tenant-profile strategy