| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13119 Moorpark St, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 1996-11-04 |
| Transaction Price | $62,500 |
| Buyer | FRIEDMAN ROGER DALE |
| Seller | MOORPARK INVESTORS LLC |
13119 Moorpark St Sherman Oaks Multifamily Opportunity
Positioned in a high-demand renter pocket of Sherman Oaks, the asset benefits from strong neighborhood fundamentals and a deep tenant base, according to WDSuite’s CRE market data. Elevated ownership costs locally help sustain rental demand and support occupancy stability.
Sherman Oaks’ Urban Core setting delivers daily convenience that supports leasing and retention. Cafes, restaurants, parks, childcare, and groceries are concentrated at levels that rank in the top quartile nationally, while pharmacy access is relatively limited. For investors, this mix typically underpins renter appeal and day‑to‑day livability.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood ranks 49 out of 1,441 overall (top quartile), reflecting broad strength across housing and amenities. Neighborhood occupancy is above national midrange and renter concentration is high (61% of housing units are renter-occupied), signaling depth in the tenant base. Average NOI per unit in the neighborhood sits in a strong national percentile, indicating competitive revenue performance versus similar areas.
Home values are elevated (top national percentiles), which points to a high-cost ownership market. For multifamily owners, this often reinforces renter reliance on apartments and can bolster pricing power and lease retention, particularly when paired with a rent-to-income profile that suggests manageable affordability pressure for many households.
Demographic trends, aggregated within a 3‑mile radius, indicate modest recent population movement with a forecast uptick in the next five years and a notable increase in household counts alongside smaller average household sizes. This combination generally expands the renter pool and supports occupancy stability and leasing velocity as more, smaller households seek rental options.
Safety indicators are comparatively favorable for the area. The neighborhood’s crime standing is competitive among Los Angeles metro neighborhoods (ranked 124 out of 1,441 — top quartile) and aligns with an 85th national percentile, indicating safer conditions than most neighborhoods nationwide.
Property-related incidents track near national midrange, while violent-offense measures are stronger (upper national percentiles) and have improved on a recent year-over-year basis. As always, investors should evaluate property-level security, lighting, and management practices in addition to neighborhood trends.
The employment base nearby is anchored by media, entertainment, telecom, and engineering headquarters and offices, supporting a steady pool of professional renters and commute-friendly demand for the submarket. The list below reflects prominent employers proximate to the property.
- Radio Disney — media (4.4 miles)
- Live Nation Entertainment — entertainment (5.4 miles) — HQ
- Disney — entertainment & media (5.4 miles) — HQ
- Charter Communications — telecom & media (5.4 miles)
- AECOM — engineering (6.3 miles) — HQ
The property sits within a top-quartile Sherman Oaks neighborhood for overall performance, with strong amenity access and a renter-occupied housing share that supports depth of demand. Elevated for-sale home values in the area tend to sustain multifamily reliance, while neighborhood NOI performance ranks high nationally, reinforcing the case for income stability. According to CRE market data from WDSuite, neighborhood occupancy trends are solid, and rent burdens appear manageable relative to incomes, aiding tenant retention.
Looking ahead, 3‑mile radius demographics point to modest population growth and a meaningful increase in households as average household sizes edge lower — dynamics that typically expand the renter base and support leasing. Key considerations include relatively limited pharmacy access and sensitivity to broader metro shocks, so underwriting should account for service amenity gaps and operational resiliency.
- Top-quartile neighborhood within the Los Angeles metro with strong amenity density that supports leasing
- High renter concentration and elevated ownership costs reinforce multifamily demand and retention
- Neighborhood NOI performance ranks strong nationally, supporting the income thesis
- 3‑mile outlook shows household growth and smaller household sizes, expanding the renter pool
- Risks: limited pharmacy access locally and potential metro-wide volatility warrant conservative operations