| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 51st | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16808 Sherman Way, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16808 Sherman Way, Van Nuys CA Multifamily Investment
Neighborhood occupancy is strong and local renter demand is reinforced by a high-cost ownership market, according to CRE market data from WDSuite. For investors, that points to steady leasing dynamics with upside from thoughtful renovations.
Van Nuys sits within the Los Angeles-Long Beach-Glendale metro and this neighborhood scores A- overall, ranking 336 out of 1,441 metro neighborhoods — a top-quartile position that signals competitive fundamentals for multifamily. Amenity access is also strong (rank 272 of 1,441), with dense food, pharmacy, and cafe options that support day-to-day convenience and renter retention.
Occupancy in the neighborhood trends high (top quartile among 1,441), which aligns with stable renter demand observed across LA s Urban Core clusters. At the property level, the 1984 vintage is slightly newer than the neighborhood s average stock from the early 1980s; investors should plan for 1980s-era systems and finishes, with potential value-add via common-area refreshes, unit interior updates, and energy-efficiency upgrades to differentiate versus older peers.
Within a 3-mile radius, a majority of housing units are renter-occupied, indicating a deep tenant base and breadth of demand for mid-size apartment buildings. Household counts have grown recently and are projected to increase further even as average household size trends lower — dynamics that typically expand the renter pool and support occupancy stability.
Home values in the neighborhood sit in a high-cost ownership market (top national percentiles), which tends to sustain reliance on multifamily housing and can aid lease retention. The area s restaurant and daily-needs density is a strength, though limited park access and below-average school ratings versus national benchmarks may matter for family-oriented renters; operators often offset this with on-site amenities and targeted resident programming.
Safety indicators compare favorably in a metro context, with the neighborhood performing above the median among 1,441 Los Angeles neighborhoods and in higher national percentiles for overall safety. Recent year-over-year trends show notable declines in both property and violent offense estimates, suggesting improving conditions; investors should still underwrite with standard operating controls and monitor submarket trends rather than block-level assumptions.
The employment base nearby mixes insurance, life sciences, media, and energy — a diversified set of white-collar and operations roles that supports weekday traffic and multifamily leasing depth for workforce and professional renters. Notable nearby employers include Farmers Insurance Exchange, Thermo Fisher Scientific, Charter Communications, Radio Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences (5.6 miles)
- Farmers Insurance Exchange — insurance (6.0 miles) — HQ
- Charter Communications — telecommunications (8.9 miles)
- Radio Disney — media (9.6 miles)
- Occidental Petroleum — energy (10.3 miles) — HQ
This 24-unit, 1984-vintage asset in Van Nuys benefits from top-quartile neighborhood ranking, strong amenity density, and high occupancy levels that support durable cash flow. According to CRE market data from WDSuite, the neighborhood s ownership costs remain elevated relative to incomes, reinforcing renter reliance on multifamily product and aiding lease retention for well-managed properties.
Investor focus centers on executing a targeted value-add to 1980s systems and interiors while leveraging proximity to diversified employment nodes. Household growth and a majority-renter tenure profile within a 3-mile radius point to a broad tenant base; however, below-average school performance and limited park proximity warrant positioning toward singles, couples, and professionals, with on-site amenities helping to offset lifestyle gaps.
- Top-quartile neighborhood rank among 1,441 LA neighborhoods supports demand and occupancy stability
- High-cost ownership market sustains multifamily renter demand and can aid retention
- 1984 vintage offers practical value-add via systems upgrades and unit/interior refresh
- Diverse nearby employers (insurance, life sciences, media, energy) underpin leasing
- Risks: weaker school ratings and limited park access; plan amenities and marketing to target likely renter profiles