| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 84th | Best |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14209 Riverside Dr, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14209 Riverside Dr Sherman Oaks Multifamily Investment
Positioned in an Urban Core pocket of Sherman Oaks with a deep renter base and steady occupancy, this asset benefits from durable neighborhood demand according to WDSuite s CRE market data.
Sherman Oaks Urban Core location scores well for overall neighborhood quality (A-), placing it competitive among Los Angeles-Long Beach-Glendale neighborhoods and in the top quartile nationally. Amenity access is balanced, with especially strong coverage of parks and pharmacies (both near the top of national comparisons), supporting resident convenience and lease retention. Median home values in the neighborhood sit in a high-cost ownership market (around the 90th percentile nationally), which tends to reinforce reliance on multifamily housing and supports pricing power for well-positioned assets.
The property s 1980 vintage is newer than the neighborhood s typical 1970 stock. That relative youth can be a competitive advantage versus older buildings, while investors should still underwrite modernization of systems and finishes to meet current renter expectations and drive value-add outcomes.
Renter demand indicators are constructive: the neighborhood shows an elevated share of renter-occupied units mong the highest within the 1,441-neighborhood metro ignaling depth in the tenant base and support for occupancy stability. Neighborhood occupancy trends sit near national norms, so execution and asset quality will be key to outperform.
Within a 3-mile radius, WDSuite s data shows a large and diversified population with a modest recent dip offset by a projected increase in households over the next five years, implying a larger tenant base and potential renter pool expansion. Household incomes are comparatively strong and rent levels have risen over time, which supports collections but also calls for attentive lease management as affordability pressure can vary by unit type.
Safety compares favorably to national norms, with the neighborhood performing above the U.S. median (around the mid-70s percentile) per WDSuite s data. Recent readings indicate notable year-over-year declines in both property and violent offenses, which supports resident retention and leasing narratives.
Conditions can vary across Los Angeles sub-areas; investors typically underwrite to neighborhood-level trends rather than block-level assumptions and monitor ongoing patterns as part of standard risk management.
Proximity to major entertainment and communications employers supports a robust white-collar renter base and commute convenience for residents, including Radio Disney, Live Nation Entertainment, Charter Communications, Activision Blizzard Studios, and Disney.
- Radio Disney media (5.8 miles)
- Live Nation Entertainment entertainment (6.3 miles) HQ
- Charter Communications telecommunications (6.3 miles)
- Activision Blizzard Studios gaming & media (6.7 miles)
- Disney media (6.7 miles) HQ
This 20-unit asset in Sherman Oaks offers exposure to an Urban Core neighborhood with a deep renter base, high-cost ownership alternatives, and amenity strengths that favor retention. Based on commercial real estate analysis from WDSuite, neighborhood occupancy is around national norms while NOI performance trends above many U.S. neighborhoods, suggesting well-executed operations can capture stable income with selective pricing power.
Built in 1980, the property is relatively newer than much of the local 1970-era stock a positioning that can reduce near-term competitive obsolescence while leaving room for targeted renovations to elevate rents. Within a 3-mile radius, households are projected to increase, implying a larger tenant base that can support lease-up and renewal velocity, though investors should manage affordability pressure thoughtfully as rents rise with income growth.
- Urban Core location with top-quartile neighborhood fundamentals and strong amenity access supporting retention
- 1980 vintage offers competitive positioning versus older local stock with clear value-add pathways
- High-cost ownership market reinforces multifamily demand and supports pricing power
- Household growth within 3 miles expands the renter pool, aiding occupancy stability over time
- Risk: neighborhood occupancy is near national averages; performance depends on execution and targeted capex