| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 61st | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16611 Victory Blvd, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1985 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16611 Victory Blvd Van Nuys Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite s CRE market data. High ownership costs in Van Nuys support multifamily leasing, while renter concentration provides depth for ongoing absorption.
Van Nuys s Urban Core setting offers everyday convenience more than destination amenities. Neighborhood access to groceries and pharmacies ranks in the top decile nationally, while restaurants are also plentiful; by contrast, cafes and parks are limited. For investors, this mix supports daily needs and lease retention even if lifestyle-driven foot traffic is less of a draw.
Renter concentration is high at the neighborhood level (above the 80th percentile nationally), indicating a deep base of renter-occupied units and a broader pool of prospective tenants for a 60-unit asset. Neighborhood occupancy is in the upper third nationwide, suggesting generally stable leasing conditions rather than outsized vacancy risk.
Within a 3-mile radius, households have increased even as population edged lower, pointing to smaller household sizes and sustained demand for rental housing. Median home values are elevated relative to most U.S. neighborhoods, which typically reinforces reliance on multifamily options and can support pricing power and lease-up velocity. These dynamics are consistent with WDSuite s commercial real estate analysis of the Los Angeles metro s renter-driven submarkets.
Income levels in the surrounding 3-mile area are solid and rising, and forward-looking data indicates further growth in household counts alongside higher median incomes. For multifamily investors, that combination supports a larger tenant base and potential rent durability, with the caveat that rent-to-income ratios on the neighborhood benchmark imply some affordability pressure that warrants proactive lease management.
Safety indicators benchmark favorably in national comparisons: neighborhood-level measures are in the top quartile nationwide, and recent-year trends show notable declines in both violent and property offense rates. While conditions can vary by block and over time, the directional improvement provides additional context for tenant retention and leasing stability.
As with any infill Los Angeles location, prudent operations lighting, access control, and community engagement remain best practices. The broader trend backdrop, however, aligns with improving comparables across peer neighborhoods, per WDSuite s validated crime trend data.
Proximity to diversified employers supports a steady renter pool and commute convenience, with nearby life sciences, insurance, telecom, media, and energy offices anchoring demand.
- Thermo Fisher Scientific — life sciences (5.7 miles)
- Farmers Insurance Exchange — insurance (6.2 miles) — HQ
- Charter Communications — telecommunications (8.7 miles)
- Radio Disney — media (9.1 miles)
- Occidental Petroleum — energy (9.3 miles) — HQ
This 60-unit Van Nuys asset is positioned in a renter-heavy neighborhood where occupancy benchmarks sit in the upper third nationally and daily-needs retail is strong. Elevated home values locally tend to sustain reliance on multifamily, while the 3-mile area shows a rising household count and higher incomes that can expand the tenant base. According to CRE market data from WDSuite, median contract rents are higher than most U.S. neighborhoods, reinforcing revenue potential when paired with effective leasing.
Investors should balance this demand depth with prudent risk management. Neighborhood rent-to-income ratios indicate affordability pressure that could affect renewals, and limited parks/cafes may constrain lifestyle appeal versus trendier submarkets; however, recent safety trends are improving, which can support retention and broaden the prospect funnel.
- Renter-heavy neighborhood and upper-third occupancy support lease stability.
- Elevated ownership costs reinforce demand for multifamily housing and pricing power.
- 3-mile area shows household growth and rising incomes, expanding the tenant base.
- Daily-needs retail access (groceries, pharmacies, restaurants) aids retention.
- Risk: rent-to-income pressure and limited parks/cafes require proactive leasing strategy.