| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 61st | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16550 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1988 |
| Units | 52 |
| Transaction Date | 2013-03-07 |
| Transaction Price | $9,225,092 |
| Buyer | MSCO CORPORATION |
| Seller | ORIX VAN NUYS LLC |
16550 Vanowen St Van Nuys Multifamily Investment
Neighborhood occupancy has been above national averages, supporting stable renter demand in Van Nuys, according to WDSuite’s CRE market data.
Van Nuys offers daily-needs convenience that supports resident retention: grocery and pharmacy access rank among the stronger concentrations locally, while restaurants are plentiful relative to many neighborhoods nationwide. By contrast, cafes and parks are thinner, which may modestly limit lifestyle appeal compared with trendier Los Angeles submarkets.
For investors screening multifamily, the neighborhood’s occupancy is above the national average and the renter-occupied share is elevated, indicating depth in the tenant base and ongoing leasing liquidity. Within a 3-mile radius, households have edged higher even as population has softened, signaling smaller household sizes and a broader pool of renters entering the market—factors that typically support occupancy stability and renewal probabilities.
Ownership costs are high relative to incomes in this part of Los Angeles, and home values sit near the higher end nationally. That high-cost ownership backdrop tends to reinforce reliance on multifamily rentals, which can underpin pricing power and minimize move-outs to ownership during expansions.
Income trends within 3 miles show meaningful growth in both mean and median household incomes, alongside rising contract rents. Taken together—and based on CRE market data from WDSuite—this points to sustained renter demand with manageable affordability pressure compared with many U.S. neighborhoods, though lease management should remain attentive to rent-to-income dynamics.
Safety compares favorably against many neighborhoods nationwide, with WDSuite indicating a high national safety percentile. Recent data also show sharp year-over-year reductions in both property and violent offenses at the neighborhood level, a constructive trend for resident sentiment and renewal decisions.
As with any urban Los Angeles location, conditions can vary by block and over time. Investors should underwrite with neighborhood-level trends rather than site-specific assumptions and consider standard measures such as lighting, access control, and resident engagement to support on-site outcomes.
Proximity to major corporate employers across insurance, life sciences, media, and energy supports a diversified renter base and commute convenience for residents. The list below reflects nearby anchors most relevant to workforce housing and professional tenants in this submarket.
- Thermo Fisher Scientific — life sciences (5.8 miles)
- Farmers Insurance Exchange — insurance (6.2 miles) — HQ
- Charter Communications — telecommunications (8.6 miles)
- Radio Disney — media (9.2 miles)
- Occidental Petroleum — energy (9.7 miles) — HQ
This 52-unit asset in Van Nuys sits within a renter-heavy area where neighborhood occupancy trends remain above national averages. Within 3 miles, household counts have been rising even as population has edged lower, expanding the renter pool and supporting leasing stability. Elevated home values in Los Angeles relative to incomes further sustain reliance on rentals, which can bolster retention and pricing power through cycles.
Rents and household incomes have both grown, and according to commercial real estate analysis from WDSuite, the area’s rent-to-income dynamics suggest manageable affordability pressure versus many U.S. neighborhoods. The local amenity mix favors daily needs (groceries, pharmacies) with ample dining options; thinner park and cafe coverage is a modest lifestyle tradeoff to consider in underwriting.
- Renter-heavy neighborhood and above-average occupancy support steady leasing
- High-cost ownership market reinforces depth of multifamily demand
- Household growth within 3 miles expands the tenant base despite softer population
- Income and rent growth trends underpin pricing power and renewal odds
- Risks: thinner parks/cafes and typical urban variability warrant conservative underwriting