| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 88th | Best |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13141 Riverside Dr, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1985 |
| Units | 28 |
| Transaction Date | 2000-06-12 |
| Transaction Price | $3,200,000 |
| Buyer | INNODEX PROPERTIES LLC |
| Seller | PCS DEVELOPMENT INC |
13141 Riverside Dr Sherman Oaks Multifamily Investment
Positioned in an A-rated Sherman Oaks neighborhood with solid renter demand and high home values, this asset benefits from steady neighborhood occupancy and an educated tenant base, according to WDSuite s CRE market data. Neighborhood metrics reference the surrounding area, not this specific property.
Sherman Oaks a0 e the neighborhood surrounding 13141 Riverside Dr e carries an A rating and ranks 164 out of 1,441 Los Angeles eLong Beach eGlendale neighborhoods, signaling competitive fundamentals within the metro. Neighborhood occupancy is in the low e90% range (above national averages), helping support cash flow stability at multifamily properties. Renter concentration within a 3 emile radius is high, indicating a deep tenant base and consistent leasing velocity.
Local amenity access skews toward daily needs: grocery and pharmacy density is strong (around the top decile nationally), while cafes and parks are comparatively limited. For investors, this mix supports day eto eday convenience that can aid retention, even if lifestyle amenities are less concentrated than in core entertainment districts.
Home values in the neighborhood are elevated (top percentile nationally), which typically reinforces reliance on multifamily housing and supports pricing power for well epositioned assets. The neighborhood es median contract rents sit on the higher side for the region, but rent eto eincome metrics indicate manageable affordability pressure relative to peer Los Angeles neighborhoods, according to CRE market data from WDSuite.
Within a 3 emile radius, population has been broadly stable in recent years while the household count edged up and is projected to grow further, implying smaller household sizes and a gradual expansion of the renter pool. The area skews well eeducated and higher eincome compared with national norms, supporting demand for quality, professionally managed rentals.
Vintage context: the property was built in 1985, newer than the neighborhood es average construction year of 1974. That relative youth can enhance competitive positioning versus older inventory while still warranting selective system modernization or value eadd interior updates to meet current renter expectations.
Neighborhood safety indicators compare favorably in a metro and national context. Crime overall ranks 180 out of 1,441 Los Angeles eLong Beach eGlendale neighborhoods, which is competitive within the metro, and national comparisons place the area roughly in the top quartile for safety. Recent estimates also show notable year eover eyear declines in both violent and property offenses, suggesting an improving trend. These figures reflect the broader neighborhood, not conditions at a specific block or property.
Proximity to major employers in media, telecom, and engineering supports a large commuter tenant base and can bolster leasing stability. Notable nearby employers include Radio Disney, Charter Communications, The Walt Disney Company, Live Nation Entertainment, and AECOM.
- Radio Disney e media & entertainment (4.5 miles)
- Charter Communications e telecom (5.2 miles)
- Disney e media & entertainment (5.4 miles) e HQ
- Live Nation Entertainment e media & entertainment (5.9 miles) e HQ
- AECOM e engineering & infrastructure (6.8 miles) e HQ
13141 Riverside Dr is a 28 eunit asset built in 1985, positioned in an A erated Sherman Oaks neighborhood where elevated home values and a sizable renter base support durable multifamily demand. Neighborhood occupancy sits around the low 90s, and the surrounding 3 emile area shows steady household growth projections e eall of which point to a broad tenant pool and potential for stable leasing performance.
Relative to the neighborhood es older average vintage (1974), this property es 1985 construction offers a competitive edge versus older stock, with opportunity for targeted upgrades to enhance rents and retention. Based on CRE market data from WDSuite, the neighborhood es rent and income profile supports sustained renter reliance on multifamily housing, while proximity to major employers underpins commute efriendly appeal. Key watch items include modest occupancy softening over the past five years and limited nearby parks/cafes, which argue for careful amenity programming and active lease management.
- A erated Sherman Oaks location with above eaverage neighborhood occupancy and strong renter demand
- 1985 vintage offers competitive positioning versus older local stock with value eadd upgrade potential
- High home values reinforce multifamily reliance and support pricing power for well eamenitized units
- Diverse nearby employer base in media, telecom, and engineering supports leasing stability
- Risks: slight five eyear occupancy drift and limited park/cafe density warrant focused amenity strategy and lease management