| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14240 Burbank Blvd, Sherman Oaks, CA, 91401, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1977 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14240 Burbank Blvd Sherman Oaks Multifamily Opportunity
Neighborhood occupancy remains elevated and renter demand is supported by a deep tenant base, according to WDSuite s CRE market data. Positioning within Sherman Oaks urban core offers stable leasing fundamentals with room for operational optimization.
Sherman Oaks Urban Core setting scores strongly for day-to-day livability and investor fundamentals. The neighborhood ranks 16 out of 1,441 Los Angeles metro neighborhoods with an A+ rating, placing it among the metro s top tier. According to CRE market data from WDSuite, neighborhood occupancy is 96.9%, which supports a stable leasing backdrop for nearby multifamily assets (occupancy refers to the neighborhood, not this property).
Amenities are a relative strength: cafes and restaurants trend in the top decile nationally, and parks, pharmacies, and childcare access are also high versus U.S. neighborhoods. Average school ratings are above national norms (84th percentile), reinforcing family-friendly appeal that can aid retention.
Tenure patterns indicate depth in the renter pool: an estimated 55.8% of housing units are renter-occupied. In a high-cost ownership market (median home values and value-to-income metrics near the top of national ranges), renting remains a practical alternative, which can support leasing stability and pricing power for well-positioned assets.
Within a 3-mile radius, households have grown modestly in recent years and are projected to increase further, while average household size trends smaller. This points to a larger tenant base and steady demand for rental units, even as population counts remain roughly flat. Median household incomes are strong for Los Angeles, which helps moderate rent-to-income pressures and supports retention management.
Vintage context: the neighborhood s average construction year is 1983. With a 1977 build, this asset is slightly older than the local average, suggesting potential value-add through targeted renovations and systems modernization to maintain competitive positioning against newer stock.
Safety compares favorably in broader context. The neighborhood scores in the 74th percentile for safety nationally, and is competitive among Los Angeles neighborhoods (ranked 416 out of 1,441). Year-over-year estimates indicate a sharp decline in both violent and property offenses, a positive trend to monitor for potential impacts on tenant retention and leasing velocity.
As always, safety conditions can vary within small areas and over time. Investors should review current, property-level security measures and track neighborhood trends alongside regional benchmarks to inform underwriting assumptions.
Proximity to major employment centers in media, entertainment, and corporate services supports a broad commuter tenant base and can aid retention. Nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Occidental Petroleum.
- Charter Communications corporate offices (5.98 miles)
- Radio Disney corporate offices (5.98 miles)
- Disney corporate offices (6.86 miles) HQ
- Live Nation Entertainment corporate offices (7.21 miles) HQ
- Occidental Petroleum corporate offices (7.75 miles) HQ
14240 Burbank Blvd offers 25 units averaging about 723 square feet in a high-demand Sherman Oaks location where neighborhood occupancy is strong and the renter-occupied share is substantial. Elevated ownership costs in the area reinforce reliance on multifamily housing, supporting leasing durability for well-run assets. Based on CRE market data from WDSuite, the surrounding neighborhood sits in the metro s top tier by overall ranking, with amenities and schools that can bolster retention.
Built in 1977, the property is slightly older than the local average vintage, which points to potential value-add through unit renovations and building systems upgrades to sustain competitive positioning against newer stock. Within a 3-mile radius, households are expanding and projected to rise further as average household size declines, indicating a broader tenant base and ongoing demand for rental units. Local incomes are comparatively strong for Los Angeles, helping manage rent-to-income pressures and supporting occupancy stability.
- Occupancy strength at the neighborhood level supports steady leasing and retention
- High-cost ownership market sustains depth of renter demand and pricing power
- 1977 vintage suggests value-add upside via targeted renovations and systems modernization
- 3-mile household growth and smaller household sizes expand the tenant base
- Risk: older systems and potential capex needs require disciplined underwriting and execution