| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 51st | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16525 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1991 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16525 Vanowen St, Van Nuys Multifamily Investment Opportunity
Situated in Los Angeles Long Beach Glendale s competitive Urban Core, the property benefits from strong neighborhood occupancy and steady renter demand, according to WDSuite s CRE market data. Investor focus centers on durable leasing fundamentals supported by a high-cost ownership market and convenience-driven amenities.
This Van Nuys address sits within a neighborhood that is competitive among Los Angeles Long Beach Glendale neighborhoods (336 out of 1,441), with a mix of restaurants, cafes, groceries, and pharmacies that score well nationally for amenity density. Transit and daily-needs access support renter convenience, though park access is limited, which may matter for households prioritizing green space.
Neighborhood multifamily occupancy is high relative to national benchmarks, which can support leasing stability and retention at the property level. Within a 3-mile radius, roughly six in ten housing units are renter-occupied, indicating a deep tenant base and consistent demand for professionally managed apartments.
Home values and the value-to-income ratio rank in the upper range nationally, signaling a high-cost ownership market. For multifamily investors, elevated ownership costs tend to sustain reliance on rental housing, supporting pricing power and reduced move-out to ownership when combined with stable employment access.
Demographic data aggregated within a 3-mile radius show a modest decline in population alongside a rising household count and a trend toward smaller household sizes. This pattern can expand the renter pool and reinforce occupancy, while rent levels have trended upward and are projected to continue rising, based on CRE market data from WDSuite.
Safety indicators compare above the national median, with violent and property offense measures sitting in the better half of neighborhoods nationwide. Recent year-over-year trends point to meaningful declines in both violent and property offenses, suggesting improving conditions over the latest period, according to WDSuite s CRE market data.
At the metro level, conditions can vary by block and corridor; investors should underwrite to submarket comps and management practices rather than assuming uniform outcomes. The directional improvement and above-national positioning provide a constructive baseline while warranting routine diligence.
Nearby corporate offices provide a broad employment base that supports renter demand and commuting convenience, notably in life sciences, insurance, media, and energy. The following employers are within a roughly 6 10 mile radius and can help underpin leasing stability:
- Thermo Fisher Scientific life sciences (5.9 miles)
- Farmers Insurance Exchange insurance (6.3 miles) HQ
- Charter Communications telecommunications (8.5 miles)
- Radio Disney media (9.1 miles)
- Occidental Petroleum energy (9.7 miles) HQ
Built in 1991, this 42 unit asset is newer than the neighborhood average vintage, offering relative competitiveness versus older stock while still leaving room for selective modernization and value-add upgrades. Leasing fundamentals are supported by high neighborhood occupancy, a renter-heavy 3-mile radius, and a high-cost ownership landscape that tends to sustain rental demand and retention.
According to CRE market data from WDSuite, rents in the surrounding area have risen over the past five years and are projected to continue advancing, while household counts are increasing and average household size is trending lower within a 3-mile radius both of which expand the tenant base and support occupancy stability. Investors should account for localized school quality and limited park access in underwriting, balancing these factors against strong amenity access and proximity to major employers.
- Newer 1991 vintage relative to local stock, with potential for targeted value-add
- High neighborhood occupancy and deep renter pool support leasing stability
- High-cost ownership market reinforces rental demand and pricing power
- Exposure to diversified employment nodes within a 10-mile commute
- Risks: lower school ratings and limited park access warrant conservative assumptions