| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 88th | Best |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13221 W Riverside Dr, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1975 |
| Units | 26 |
| Transaction Date | 2012-07-18 |
| Transaction Price | $5,150,051 |
| Buyer | AYNTAB HOLDINGS LLC |
| Seller | 13221 RIVERSIDE DRIVE LLC |
13221 W Riverside Dr Sherman Oaks Multifamily Investment
Positioned in a high-cost ownership pocket of Sherman Oaks, the surrounding neighborhood shows solid renter demand and steady occupancy, according to WDSuite’s CRE market data. These dynamics support long-term cash flow visibility for well-managed assets near Valley employment and transit.
Sherman Oaks’ immediate neighborhood rates strongly for overall investment fundamentals (A rating; rank 164 among 1,441 Los Angeles metro neighborhoods), indicating competitive location quality for multifamily. Neighborhood occupancy is stable and sits modestly above national mid-point, which supports rent collections and lease retention at the submarket level rather than the property specifically.
Daily-needs access is a relative strength. Grocery and pharmacy density rank in the upper decile nationally, and the amenity profile sits above the metro median (rank 657 of 1,441). By contrast, cafes and park access are limited locally, suggesting tenants rely more on nearby commercial corridors and private/community amenities.
The renter-occupied share in the neighborhood is above the metro median, signaling a deep tenant base for Class B multifamily. Elevated home values (top percentile nationally) and a high value-to-income environment point to a high-cost ownership market that tends to sustain rental demand and support pricing power when operations are disciplined.
Within a 3-mile radius, household counts have inched higher in recent years with projections calling for further household growth alongside smaller average household sizes. This combination typically broadens the renter pool and supports occupancy stability and leasing velocity as more one- and two-person households seek well-located rental options.
Safety trends are competitive against both metro and national benchmarks. The neighborhood sits in the top quartile nationally for overall safety and is competitive among Los Angeles neighborhoods (ranked 180 out of 1,441), a profile that can aid tenant retention and support consistent leasing.
Recent data indicate meaningful year-over-year declines in both violent and property offenses at the neighborhood level, according to WDSuite’s CRE market data. While conditions vary block to block across any urban core, the comparative trend supports a stable operating backdrop for professionally managed multifamily.
- Radio Disney — corporate offices (4.6 miles)
- Charter Communications — corporate offices (5.2 miles)
- Disney — corporate offices (5.5 miles) — HQ
- Live Nation Entertainment — corporate offices (5.9 miles) — HQ
- Activision Blizzard Studios — corporate offices (6.3 miles)
This Sherman Oaks location pairs a deep renter pool with high-cost ownership dynamics, translating to durable demand for well-located Class B multifamily. Neighborhood occupancy is steady and the renter-occupied share is above the metro median, while median home values sit near the top of national distributions—factors that help support pricing power and lease retention for professionally managed assets. According to CRE market data from WDSuite, the area’s NOI performance and amenity access (notably grocery and pharmacy density) compare favorably across the metro, even as parks and cafe density are lighter nearby.
Within a 3-mile radius, population is broadly stable and household counts are projected to rise as average household size trends smaller, which typically expands the renter pool and supports occupancy stability. Proximity to major media and corporate employers further underpins workforce demand and reduces commute friction, reinforcing leasing fundamentals over a full cycle.
- High-cost ownership market supports sustained rental demand and pricing power
- Neighborhood occupancy and renter concentration indicate a deep tenant base
- Strong daily-needs access (grocery, pharmacy) with competitive amenity rank in the metro
- Household growth and smaller household sizes within 3 miles support leasing velocity
- Risks: limited park/cafe density locally and cyclical exposure to entertainment-oriented employment