| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 34th | Fair |
| Amenities | 71st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15945 Sherman Way, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1988 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15945 Sherman Way Van Nuys Multifamily Investment
This 28-unit property benefits from strong neighborhood-level occupancy at 96.7% and a renter-dominated housing market where 76.8% of units are tenant-occupied. CRE market data from WDSuite shows the area ranks in the top quartile nationally for rental demand fundamentals.
The Van Nuys neighborhood presents a rental-focused housing market with 76.8% of units occupied by renters, ranking in the 98th percentile nationally and supporting consistent tenant demand. Neighborhood-level occupancy remains stable at 96.7%, indicating strong absorption and retention dynamics for multifamily properties.
Built in 1988, this property reflects the neighborhood's average construction vintage of 1977, positioning it competitively within the local building stock without significant capital expenditure pressures. The area demonstrates solid amenity access with 2.61 grocery stores per square mile and strong restaurant density at 8.25 establishments per square mile, both ranking in the upper quartile regionally for tenant convenience.
Demographics within a 3-mile radius show a population of approximately 233,000 with 65.8% of housing units renter-occupied. Median household income of $73,435 has grown 36.2% over five years, while median contract rents increased 37.9% to $1,650. Forecasts through 2028 project household growth of 31.1% and median rent increases to $2,293, suggesting sustained rental demand despite some affordability pressure.
Home values averaging $610,405 in the neighborhood create elevated ownership costs that reinforce rental demand, as higher purchase prices keep households in the multifamily market longer. The rent-to-income ratio indicates affordability considerations that may influence lease management and renewal strategies.
The neighborhood ranks 388th among 1,441 Los Angeles metro neighborhoods for overall crime metrics, placing it in the 75th percentile nationally. Property crime rates have declined significantly by 83.8% year-over-year, ranking in the 98th percentile for improvement trends. Violent crime rates also decreased substantially by 95.5%, indicating positive directional momentum in neighborhood safety conditions.
While crime metrics show improving trends, investors should consider the neighborhood's position relative to the broader metro area when evaluating tenant retention and leasing velocity. The substantial year-over-year improvements in both property and violent crime rates suggest stabilizing conditions that may support occupancy fundamentals.
The San Fernando Valley employment corridor provides diverse corporate anchor tenants within reasonable commuting distance, supporting workforce housing demand for multifamily properties.
- Thermo Fisher Scientific — life sciences (6.7 miles)
- Farmers Insurance Exchange — insurance HQ (7.0 miles)
- Charter Communications — telecommunications (7.8 miles)
- Disney — entertainment HQ (9.4 miles)
- Live Nation Entertainment — entertainment HQ (10.0 miles)
This Van Nuys multifamily property operates in a fundamentally rental-oriented market where nearly 77% of neighborhood housing units are renter-occupied, ranking in the 98th percentile nationally for rental demand depth. According to multifamily property research from WDSuite, neighborhood-level occupancy of 96.7% exceeds many metro comparables, while NOI per unit averages $12,085 rank in the 88th percentile regionally.
The 1988 construction year aligns with neighborhood norms, minimizing near-term capital expenditure needs while positioning the asset competitively within the local inventory. Demographic projections through 2028 show household growth of 31.1% within the 3-mile radius, expanding the potential tenant base as median incomes are forecast to increase nearly 50% to $109,990.
- Strong rental market fundamentals with 76.8% renter occupancy ranking 98th percentile nationally
- Neighborhood occupancy at 96.7% indicates stable absorption and retention dynamics
- Projected 31.1% household growth through 2028 supports expanding tenant base
- Rent-to-income ratios may create affordability pressure requiring active lease management