| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 51st | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16710 Sherman Way, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | 1999-06-03 |
| Transaction Price | $250,000 |
| Buyer | SILVERBERG WARREN |
| Seller | SAYLOR JEANETTE |
16710 Sherman Way Van Nuys Multifamily Investment
Neighborhood occupancy near 98% supports income stability, according to WDSuite s CRE market data, with demand reinforced by strong daily-needs access in an Urban Core setting.
Situated in Van Nuys within the Los Angeles-Long Beach-Glendale metro, the neighborhood ranks in the top quartile among 1,441 metro neighborhoods for overall amenities and performs strongly nationwide for restaurants, cafes, pharmacies, and groceries. This supports leasing velocity and day-to-day convenience, though the lack of nearby parks suggests limited open-space options compared with peer areas.
Neighborhood multifamily occupancy is approximately 98.1% and ranks in the top quartile among 1,441 metro neighborhoods, indicating historically tight conditions and limited downtime between turns. Elevated home values (high-cost ownership market, top national percentiles) tend to sustain renter reliance on multifamily housing and can reinforce pricing power for competitive assets.
The property s 2000 construction is newer than the neighborhood s average vintage (1981). This can offer a relative competitive edge versus older stock, while investors should still plan for targeted modernization as systems age to support positioning and rent strategy.
Tenure patterns indicate a moderate renter-occupied share within the neighborhood, while the broader 3-mile radius shows a higher renter concentration (around 58%), signaling deeper tenant pools for multifamily. Within that 3-mile radius, households have inched higher even as population edged lower, and forecasts call for more households with smaller average household sizes by 2028—dynamics that can translate into a larger renter pool and support occupancy stability for well-managed properties.
School ratings in the neighborhood track below national medians, which may influence family-oriented leasing considerations. On the other hand, household incomes are comparatively strong and rent-to-income ratios are relatively manageable, suggesting scope for disciplined rent management with an eye on retention.
WDSuite s benchmarking indicates the neighborhood s safety profile is competitive among Los Angeles areas, with overall crime performance in the top quartile among 1,441 metro neighborhoods and above the national median. Recent estimates also show notable one-year declines in both property and violent offenses, an encouraging directional trend. Investors should pair these signals with property-level measures and ongoing monitoring.
A diverse set of nearby employers supports renter demand and commute convenience, including Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences (5.8 miles)
- Farmers Insurance Exchange — insurance (6.1 miles) — HQ
- Charter Communications — telecommunications (8.7 miles)
- Radio Disney — media (9.5 miles)
- Occidental Petroleum — energy (10.2 miles) — HQ
16710 Sherman Way benefits from an Urban Core Van Nuys location with top-quartile neighborhood occupancy and strong daily-needs access, supporting consistent leasing and retention. Elevated ownership costs in the area help sustain reliance on rental housing, while comparatively manageable rent-to-income levels point to room for disciplined pricing and revenue management. According to CRE market data from WDSuite, amenity depth and occupancy strength compare favorably within the Los Angeles metro, supporting the case for stable performance in well-run assets.
Built in 2000, the asset is newer than much of the surrounding stock, offering a relative competitive edge versus older properties; investors should still plan for selective modernization to maintain positioning. Proximity to a broad employment base across life sciences, insurance, media, and energy helps deepen the tenant pool and can support leasing stability through cycles.
- Tight neighborhood occupancy supports income durability and limited downtime between turns.
- High-cost ownership market reinforces renter reliance and pricing power for competitive units.
- 2000 vintage provides relative edge versus older local stock; plan targeted modernization.
- Diverse nearby employers broaden the tenant base and support retention.
- Risks: below-median school ratings and limited park access warrant tailored leasing and amenity strategy.