| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 48th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17442 Sherman Way, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2003 |
| Units | 32 |
| Transaction Date | 2000-07-06 |
| Transaction Price | $360,000 |
| Buyer | NEW HOMES 2000 LLC |
| Seller | YAZARYN BERDJ |
17442 Sherman Way, Van Nuys Multifamily Investment
Neighborhood occupancy trends are strong and historically resilient for this Inner Suburb pocket of Los Angeles, according to WDSuite s CRE market data, supporting stable cash flow potential at the property level. Note that occupancy figures reference neighborhood conditions rather than this specific asset.
The property sits in an Inner Suburb setting with a neighborhood rating of A- and a rank of 367 among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, placing it above the metro median. Retail and lifestyle access is a local strength: restaurants, groceries, parks, and pharmacies all score in the 90th percentile range nationally, signaling daily convenience that tends to support renter retention and leasing velocity.
Multifamily dynamics are favorable at the neighborhood level, with occupancy performance in the top quartile nationally. Median contract rents also benchmark high versus U.S. peers, and household incomes trend above national norms, suggesting capacity to support market-rate units when paired with disciplined rent management. Home values are elevated (top percentile range nationally), indicating a high-cost ownership market that can reinforce reliance on rental housing and help sustain demand depth for professionally managed apartments.
At the asset level, the 2003 construction year is newer than the neighborhood s older average housing stock (1960s vintage typical), which can enhance competitive positioning versus legacy product. Even so, two-decade-old systems often benefit from targeted modernization and common-area refreshes to meet current renter expectations while managing long-term capital planning.
Within a 3-mile radius, demographics show a large, diversified population base with households increasing even as overall population is projected to edge down, implying smaller household sizes and a broader renter pool. Renter-occupied share within this radius is more than half of housing units, indicating a deep tenant base for multifamily operators. These trends, combined with strong neighborhood amenity access, support occupancy stability and leasing performance.
Neighborhood safety indicators compare favorably versus many U.S. neighborhoods, landing in higher national percentiles according to WDSuite s CRE market data. Recent year-over-year estimates point to notable declines in both property and violent offenses, which, if sustained, can aid resident retention and reduce operational friction.
At the metro level, conditions remain mixed across Los Angeles submarkets; this neighborhood reads competitive rather than outlier-safe. Investors should underwrite with standard precautions lighting, access control, and partnership with responsive property management and track ongoing trend data rather than relying on any single year.
Proximity to major employers supports commuter convenience and broad renter demand, with a mix of life sciences, insurance, telecommunications, media, and energy employers in the surrounding area.
- Thermo Fisher Scientific life sciences offices (4.9 miles)
- Farmers Insurance Exchange insurance (5.2 miles) HQ
- Charter Communications telecommunications offices (9.7 miles)
- Radio Disney media offices (10.4 miles)
- Occidental Petroleum energy (10.5 miles) HQ
This 32-unit, 2003-vintage asset in Van Nuys benefits from strong neighborhood fundamentals: high national-percentile amenity access, above-median metro ranking, and occupancy performance in the top quartile nationally. Elevated home values in the area point to a high-cost ownership market, which typically sustains rental demand and supports pricing power when paired with prudent lease management. According to CRE market data from WDSuite, nearby households exhibit income levels that can support market-rate rents, and neighborhood occupancy trends have been persistently tight.
Within a 3-mile radius, households are expanding even as population growth softens, indicating smaller household sizes and a wider renter pool over time. The property s newer vintage versus the neighborhood s older stock can offer a competitive edge, while selective modernization and system updates may unlock further rent premiums and reduce long-run maintenance risk. Key underwriting considerations include maintaining product relevance amid high-rent benchmarks and monitoring school-quality perceptions and regional migration patterns that can influence leasing velocity.
- Tight neighborhood occupancy and strong amenity access support leasing stability
- 2003 construction competes well versus older local stock, with value-add potential via modernization
- High-cost ownership market reinforces renter reliance and depth of tenant base
- Expanding household counts within 3 miles suggest a broader renter pool over time
- Risks: elevated rent benchmarks, middling school scores, and region-wide demand shifts warrant conservative underwriting