| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 90th | Best |
| Amenities | 23rd | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13138 Moorpark St, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | 2003-02-14 |
| Transaction Price | $3,550,000 |
| Buyer | BIMAC KONISHI LP |
| Seller | KABAKOFF JEFFREY D |
13138 Moorpark St Sherman Oaks Multifamily Investment
This 24-unit property targets the high-income renter demographic in a neighborhood where 52% of housing units are renter-occupied and median home values exceed $1.3 million. According to WDSuite's CRE market data, the area maintains 93.5% occupancy rates with strong rent growth fundamentals.
Sherman Oaks presents strong multifamily fundamentals with neighborhood-level occupancy at 93.5%, supported by a substantial renter concentration where 52% of housing units are renter-occupied. The area ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for demographics and housing metrics, reflecting its appeal to high-income renters with median household income of $164,008.
Within a 3-mile radius, demographic data shows household growth remaining stable with a 0.1% increase over five years, while renter pool expansion is projected through 2028 with forecast household growth of 34.7%. The median rent of $2,540 ranks 233rd among metro neighborhoods, placing it in the 97th national percentile for rent levels. Home values averaging $1.3 million create elevated ownership costs that sustain rental demand, with the value-to-income ratio of 8.0 reinforcing renter reliance on multifamily housing.
The 1974 construction year positions this property among older building stock compared to the neighborhood average of 1987, presenting potential value-add opportunities through strategic capital improvements. Local amenities include 1.42 grocery stores per square mile, ranking above metro median for essential services that support tenant retention.
The neighborhood demonstrates strong safety metrics relative to the broader Los Angeles metro, ranking 57th out of 1,441 neighborhoods for overall crime - placing it in the top quartile for safety. This translates to the 88th national percentile when compared to neighborhoods nationwide.
Property crime rates show improvement trends with an 88.4% decline year-over-year, while violent crime rates decreased 96.7% during the same period. These safety improvements support tenant retention and can enhance the property's competitive positioning within the Sherman Oaks submarket.
The surrounding area benefits from proximity to major entertainment and media employers, supporting demand from high-income professionals in creative industries.
- Radio Disney — media & entertainment (4.5 miles)
- Live Nation Entertainment — entertainment services (5.4 miles) — HQ
- Disney — media & entertainment (5.4 miles) — HQ
- Charter Communications — telecommunications (5.5 miles)
- Activision Blizzard Studios — gaming & technology (5.8 miles)
This Sherman Oaks property targets a resilient high-income renter base in a neighborhood where elevated home values exceeding $1.3 million sustain rental demand. The 93.5% neighborhood-level occupancy rate and strong demographic profile, ranking in the top quartile among Los Angeles metro neighborhoods, indicate stable tenant retention potential.
The 1974 vintage presents value-add opportunities through strategic renovations that could capture upside in a market with median rents of $2,540. Proximity to major entertainment employers including Disney and Live Nation Entertainment headquarters supports demand from creative industry professionals, according to multifamily property research data from WDSuite.
- High-income renter demographic with $164,008 median household income
- Strong occupancy fundamentals at 93.5% neighborhood level
- Value-add potential through renovation of 1974-vintage units
- Proximity to entertainment industry employment base
- Risk: Older building stock may require significant capital expenditure