| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 88th | Best |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13830 Moorpark St, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | 2016-09-28 |
| Transaction Price | $6,300,000 |
| Buyer | SELECT PRODUCE PROPERTIES LLC |
| Seller | MOORPARK WILCO LLC |
13830 Moorpark St Sherman Oaks Multifamily Investment
High renter concentration and steady neighborhood occupancy point to durable leasing fundamentals, according to WDSuite s CRE market data. Elevated local home values further support reliance on multifamily rentals in this Urban Core pocket of Sherman Oaks.
Sherman Oaks Urban Core location offers day-to-day convenience that supports renter retention. Amenities benchmark competitively among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, with cafes and grocery options ranking in the high national percentiles, indicating strong neighborhood services that help underpin leasing stability.
Neighborhood-level occupancy is in the upper-middle range nationally, and rents are positioned in a higher national percentile, signaling pricing power relative to many U.S. submarkets. At the same time, a renter-occupied share near two-thirds of housing units indicates a deep tenant base for multifamily owners, rather than “rental occupancy.”
Home values in the area sit at the high end nationally, which typically sustains renter reliance on multifamily housing and can support lease retention. Median rent relative to income trends point to manageable affordability pressure by Los Angeles standards, a positive for renewals and concessions management for professionally operated assets.
The average neighborhood construction year is 1974; this 1978-vintage asset is slightly newer than the area s typical stock, offering relative competitiveness versus older buildings while still warranting selective modernization of systems and interiors as part of a value-add plan. Demographic statistics within a 3-mile radius show modest recent population softness but a projected increase in households alongside smaller average household sizes, which can expand the renter pool and support occupancy over the medium term, based on CRE market data from WDSuite.
Safety indicators compare favorably at the national level, landing in the top quartile nationwide. Recent trend data also point to a notable year-over-year decline in estimated violent and property offenses, which is supportive of long-term neighborhood livability for renters and on-site staff.
Conditions can vary block to block in large metros like Los Angeles, so investors should focus on property-specific measures (access control, lighting, and management presence) alongside these broader neighborhood trends when underwriting.
Commuter access to nearby media and corporate employers supports workforce housing demand, with proximity to Radio Disney, Live Nation Entertainment, Activision Blizzard Studios, Charter Communications, and Occidental Petroleum helping stabilize the local renter base.
- Radio Disney 4 corporate offices (5.34 miles)
- Live Nation Entertainment 4 corporate offices (5.63 miles) 4 HQ
- Activision Blizzard Studios 4 media & entertainment (6.05 miles)
- Charter Communications 4 telecommunications (6.18 miles)
- Occidental Petroleum 4 energy (6.28 miles) 4 HQ
13830 Moorpark St benefits from a deep renter base and amenity-rich surroundings in Sherman Oaks. Neighborhood occupancy trends sit slightly above the national midpoint while rents are in a higher national percentile, supporting cash-flow durability. The area s elevated home values reinforce sustained apartment demand and potential lease retention. According to CRE market data from WDSuite, the 3-mile area is projected to see an increase in households and a reduction in average household size, expanding the renter pool over the medium term.
Built in 1978, the property is marginally newer than the neighborhood s average vintage, suggesting relative competitiveness versus older stock, with scope for targeted system updates and interior renovations to drive rent positioning. Rent-to-income dynamics point to manageable affordability pressure for professionally managed assets, though investors should plan for standard capital needs associated with late-1970s construction and monitor metro-wide demand shifts.
- Amenity-rich Urban Core location that supports retention and leasing velocity.
- Renter-occupied share near two-thirds indicates strong tenant base depth.
- Elevated home values reinforce sustained multifamily demand and pricing power.
- 1978 vintage offers value-add potential via targeted system and interior upgrades.
- Risks: late-1970s capital planning needs and broader Los Angeles demand cyclicality.