| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 54th | Good |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20615 Vanowen St, Winnetka, CA, 91306, US |
| Region / Metro | Winnetka |
| Year of Construction | 1988 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20615 Vanowen St Winnetka Multifamily Investment
This 25-unit property built in 1988 sits in a B+ rated neighborhood with strong rental demand and occupancy rates above metro averages, according to CRE market data from WDSuite.
The Winnetka neighborhood ranks in the top quartile nationally for housing fundamentals and demonstrates solid rental market dynamics. With 64.7% of housing units renter-occupied, the area maintains strong multifamily demand supported by neighborhood-level occupancy rates of 95.5%. Median contract rents of $1,759 position the area competitively within the Los Angeles metro, while the 81st percentile housing ranking among 1,441 metro neighborhoods reflects stable fundamentals.
Demographics within a 3-mile radius show a population of approximately 211,540 with median household income of $92,467. The area's 53.7% renter share of housing units indicates sustained rental demand, while forecast data suggests household growth of 35.1% through 2028, supporting tenant pool expansion. Home values averaging $859,692 with a 9.5 value-to-income ratio reinforce rental demand as elevated ownership costs keep households in the multifamily market.
The 1988 construction year aligns closely with the neighborhood average of 1968, suggesting consistent building stock that may present value-add opportunities through targeted renovations and unit improvements. Amenity access includes adequate grocery and childcare density, with 2.29 grocery stores and childcare facilities per square mile supporting tenant retention and family appeal.
The neighborhood demonstrates improving safety trends with property offense rates declining 84.4% year-over-year, ranking in the 98th percentile nationally for crime reduction. Violent offense rates also decreased 96.5% annually, placing the area in the top percentile for safety improvements among metro neighborhoods. Current property offense rates of 152.4 per 100,000 residents rank above metro median among the 1,441 Los Angeles-area neighborhoods.
These declining crime trends support tenant retention and can positively influence lease renewal rates, though investors should monitor ongoing safety metrics as part of routine market analysis.
The area benefits from proximity to established corporate employers that support workforce housing demand and commute convenience for tenants.
- Thermo Fisher Scientific — life sciences and laboratory services (1.3 miles)
- Farmers Insurance Exchange — insurance services (1.3 miles) — HQ
- Thermo Fisher Scientific — life sciences operations (3.1 miles)
- Occidental Petroleum — energy and petrochemicals (12.2 miles) — HQ
- AECOM — engineering and infrastructure services (13.3 miles) — HQ
This 25-unit property offers stable cash flow potential in a B+ rated neighborhood with above-average occupancy rates and strong rental demand fundamentals. The 1988 vintage presents value-add opportunities through strategic renovations, while the area's 64.7% renter occupancy rate and declining crime trends support tenant retention. Commercial real estate analysis from WDSuite indicates the neighborhood ranks in the 81st percentile nationally for housing metrics, with forecast household growth of 35.1% through 2028 expanding the potential tenant base.
Home values at 9.5 times median income reinforce rental demand as ownership remains costly relative to renting. The location provides workforce housing for nearby corporate employers including Thermo Fisher Scientific and Farmers Insurance Exchange headquarters, supporting lease-up velocity and occupancy stability.
- Neighborhood occupancy rates of 95.5% above metro averages support stable cash flow
- 1988 vintage offers value-add potential through targeted unit improvements
- Forecast 35.1% household growth through 2028 expands tenant pool
- High home values relative to income sustain rental demand
- Risk: Monitor rent-to-income ratios at 22% for affordability pressure on renewals