| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13561 Moorpark St, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1985 |
| Units | 26 |
| Transaction Date | 1996-10-23 |
| Transaction Price | $293,000 |
| Buyer | BENCHAY LEE S |
| Seller | FAMILY TRUST LAUN CARL A AND ELEANOR M TRS LA |
13561 Moorpark St Sherman Oaks Multifamily Investment
This 26-unit property offers exposure to a neighborhood ranking in the top quartile nationally for demographics and housing fundamentals. According to CRE market data from WDSuite, the area maintains strong renter demand with 61% of housing units occupied by tenants.
Sherman Oaks presents a mature urban core environment with established rental demand fundamentals. The neighborhood ranks 49th among 1,441 metro neighborhoods overall, earning an A+ rating. Demographics data aggregated within a 3-mile radius shows 174,575 residents with a median household income of $102,457, positioning the area in the 83rd percentile nationally for income levels.
The local housing market demonstrates investor-relevant characteristics with 61.7% of units occupied by renters, reflecting sustained multifamily demand. Neighborhood-level occupancy rates of 92.9% indicate stable absorption, though this metric ranks in the middle tier among metro areas. Median contract rents of $1,922 within the 3-mile radius have grown 31.6% over five years, with forecasts projecting continued increases to $2,528 by 2028.
The property's 1985 construction year aligns with the neighborhood average vintage, suggesting potential value-add opportunities through strategic capital improvements. Amenity density supports tenant retention with strong restaurant and cafe concentrations ranking in the 97th and 91st percentiles nationally. The area maintains low violent crime rates, ranking 10th among metro neighborhoods, though property crime levels remain moderate at the 52nd percentile nationally.
Demographic projections indicate household growth within the 3-mile radius, with total households forecast to increase 34.1% to 100,768 by 2028. This expansion, combined with median income growth projections of 43.1%, suggests a strengthening renter pool. However, investors should monitor the rent-to-income ratio of 23%, which ranks in the lower tier nationally and may influence lease renewal dynamics.
The Sherman Oaks neighborhood demonstrates favorable safety metrics for multifamily investors, particularly regarding violent crime trends. Violent offense rates rank 10th among 1,441 metro neighborhoods, placing the area in the 88th percentile nationally. Recent data shows a significant 98.2% decrease in violent crime rates year-over-year, ranking 14th metro-wide for improvement trends.
Property crime presents a more mixed picture, with rates at 240.5 incidents per 100,000 residents ranking near the metro median at 540th of 1,441 neighborhoods. However, property crime has declined 79.7% over the past year, ranking in the 98th percentile nationally for improvement. These trends suggest stabilizing conditions that support tenant retention and property management objectives.
The Sherman Oaks area benefits from proximity to major entertainment and media employers, supporting workforce housing demand within commuting distance of key job centers.
- Radio Disney — media and entertainment (5.0 miles)
- Live Nation Entertainment — entertainment services (5.5 miles) — HQ
- Charter Communications — telecommunications (5.9 miles)
- Disney — media and entertainment (6.0 miles) — HQ
- AECOM — engineering and construction (6.4 miles) — HQ
This Sherman Oaks property offers exposure to established rental market fundamentals in a neighborhood ranking in the top quartile nationally for overall investment metrics. The 1985 vintage presents value-add potential through strategic improvements, while the area's 61.7% renter occupancy rate indicates sustained multifamily demand. Demographic projections show household growth of 34.1% within three miles by 2028, expanding the potential tenant base.
According to commercial real estate analysis from WDSuite, the neighborhood maintains stable occupancy at 92.9% with strong safety trends, including a 98.2% reduction in violent crime rates. Proximity to major entertainment and media employers within six miles supports workforce housing demand, though investors should monitor the area's rent-to-income dynamics which rank below national medians.
- Top quartile neighborhood ranking among 1,441 metro areas with A+ overall rating
- 1985 construction offers value-add renovation opportunities in established market
- 34.1% projected household growth within 3-mile radius through 2028
- Major entertainment employers within 6 miles support workforce housing demand
- Risk consideration: rent-to-income ratios below national averages may affect renewal rates