| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 51st | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16537 Vanowen St, Van Nuys, CA, 91406, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2003 |
| Units | 35 |
| Transaction Date | 2000-11-13 |
| Transaction Price | $500,000 |
| Buyer | VANOWEN COURT LLC |
| Seller | FLYNN DANIEL P |
16537 Vanowen St Van Nuys Multifamily Investment
This 35-unit property built in 2003 sits in an urban core neighborhood ranking in the top quartile nationally for housing fundamentals. Neighborhood-level occupancy of 98.1% reflects strong renter retention, supported by commercial real estate analysis showing limited rental alternatives in this Los Angeles submarket.
Van Nuys presents a compelling urban core investment environment, with this neighborhood ranking 336th among 1,441 metro neighborhoods and earning an A- rating. The area demonstrates strong housing fundamentals, ranking in the 81st percentile nationally, while maintaining robust occupancy levels of 98.1% that outperform many comparable markets.
Demographics within a 3-mile radius show a stable tenant base with 198,020 residents and an average household size of 2.8. The area maintains a strong renter-occupied housing share of 59%, providing consistent demand for multifamily properties. Median household income of $81,288 has grown 33% over five years, while forecasts project continued income growth to $122,919 by 2028, supporting rent growth potential.
The property's 2003 construction year aligns with neighborhood averages, suggesting reduced near-term capital expenditure needs compared to older building stock. Local amenities support tenant retention, with the neighborhood ranking in the 77th percentile nationally for amenity access, including dense restaurant options at 20.2 per square mile and strong childcare availability ranking in the 98th percentile nationally.
Current median contract rents of $2,031 reflect the area's competitive positioning, though rent-to-income ratios suggest affordability pressures that require careful lease management. Home values averaging $772,343 with 71% five-year appreciation reinforce rental demand by maintaining elevated ownership costs relative to renting options.
Safety metrics show a mixed profile requiring investor attention. The neighborhood ranks 260th among 1,441 metro neighborhoods for overall crime, placing it in the 79th percentile nationally for safety performance. Property offense rates have declined significantly by 80.8% year-over-year, ranking in the 98th percentile nationally for crime reduction trends.
Violent crime rates remain relatively contained at 12.6 incidents per 100,000 residents, with the area showing substantial improvement through a 96.2% reduction in violent offenses over the past year. These trending improvements suggest enhanced neighborhood stability, though investors should monitor ongoing security considerations as part of operational planning.
The Van Nuys area benefits from proximity to major corporate employers, providing workforce housing opportunities for professionals commuting to nearby business centers. Key employers within reasonable commuting distance include technology, entertainment, and financial services companies.
- Thermo Fisher Scientific — life sciences (5.9 miles)
- Farmers Insurance Exchange — insurance HQ (6.3 miles)
- Charter Communications — telecommunications (8.5 miles)
- Disney — entertainment HQ (10.0 miles)
- Activision Blizzard Studios — gaming & technology (10.3 miles)
This 35-unit Van Nuys property offers investors exposure to a stabilized urban core market with strong occupancy fundamentals and improving safety trends. The 2003 construction vintage positions the asset for reduced near-term capital needs while benefiting from neighborhood-level occupancy of 98.1% that outperforms regional averages. According to CRE market data from WDSuite, the area's A- neighborhood rating reflects balanced investment fundamentals across housing, demographics, and amenities.
Demographic projections within the 3-mile radius show household growth of 31% forecast through 2028, expanding the potential tenant base while supporting occupancy stability. Rising income levels from $81,288 to a projected $122,919 provide rent growth runway, though current rent-to-income ratios require careful lease management to maintain retention. The property's urban core location offers proximity to major employers including Disney and Farmers Insurance headquarters within 10 miles.
- Strong neighborhood occupancy at 98.1% indicates stable rental demand
- 2003 construction reduces immediate capital expenditure requirements
- Projected 31% household growth through 2028 supports tenant base expansion
- Proximity to major employers provides workforce housing appeal
- Risk: Current rent-to-income ratios may limit pricing power and require retention focus