| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 88th | Best |
| Amenities | 35th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14336 W Dickens St, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1987 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14336 W Dickens St, Sherman Oaks Multifamily Investment
Positioned in an Inner Suburb with strong household incomes and a high-cost ownership market, the area’s renter demand is supported by stable neighborhood occupancy, according to WDSuite’s CRE market data.
Sherman Oaks’ Inner Suburb setting offers livability drivers that appeal to professional tenants, with neighborhood amenities competitive in parks access (top quartile nationally) but overall retail density measured at the neighborhood level trending below national medians. For investors, this points to a residential feel with lifestyle conveniences accessible in the broader area rather than concentrated on the immediate blocks.
The local housing stock skews somewhat older than this property (1974 average neighborhood vintage versus this asset’s 1987 construction). Newer construction relative to nearby stock can enhance leasing competitiveness, though investors should underwrite routine modernization for systems typical of late-1980s buildings.
Neighborhood rent levels are among the highest nationally while neighborhood occupancy is in the upper-80s; treat these as neighborhood metrics rather than property performance. The neighborhood’s renter-occupied share is about 30%, indicating a larger owner-occupied base locally; however, within a 3-mile radius, renters account for a majority of housing units, widening the prospective tenant base and supporting leasing depth.
Within a 3-mile radius, demographic statistics show high incomes and a professional-skewed age mix. Recent population change has been near flat, but WDSuite indicates a projected increase in households alongside smaller average household sizes through 2028, which typically supports steady demand for well-located apartments and can aid occupancy stability.
Home values in the neighborhood are elevated relative to national benchmarks. In investor terms, a high-cost ownership market tends to sustain reliance on rental housing, bolstering pricing power for quality units while still requiring careful lease management to balance affordability pressure and retention.
Safety indicators benchmark favorably: the neighborhood scores in the high national percentiles for safety (around the upper decile nationwide), which is competitive among Los Angeles-Long Beach-Glendale neighborhoods. Year over year, both violent and property offense estimates have declined materially according to WDSuite, suggesting an improving trend. These references are neighborhood-level, not block-specific, and conditions can vary by street and time of day.
Nearby employment anchors span media/entertainment, energy, and engineering—industries that support a deep professional renter base and commute convenience for residents. The list below highlights Live Nation Entertainment, Radio Disney, Occidental Petroleum, Activision Blizzard Studios, and AECOM.
- Live Nation Entertainment — entertainment/events (5.8 miles) — HQ
- Radio Disney — media (6.0 miles)
- Occidental Petroleum — energy (6.2 miles) — HQ
- Activision Blizzard Studios — gaming/media (6.2 miles)
- AECOM — engineering (6.5 miles) — HQ
This 45-unit, 1987-vintage asset competes against an older local housing stock, offering a relative quality edge in an Inner Suburb where neighborhood rents are among the highest nationally. Based on CRE market data from WDSuite, the surrounding neighborhood maintains upper-80s occupancy and sits within a high-cost ownership market—factors that typically underpin renter demand and support pricing power for well-maintained units. Investors should still plan for selective modernization consistent with late-1980s construction to sustain competitive positioning.
Within a 3-mile radius, household incomes are high and households are projected to increase alongside smaller average household sizes by 2028, expanding the renter pool and supporting leasing stability. While the immediate neighborhood has a lower renter concentration, the broader area’s majority-renter profile widens demand capture, particularly for professionally managed apartments catering to commuters tied to nearby corporate employers.
- Newer-than-neighborhood vintage (1987) provides a competitive edge versus older local stock, with targeted upgrades to sustain appeal.
- High-cost ownership landscape supports renter reliance on multifamily, aiding pricing power and lease retention.
- Upper-80s neighborhood occupancy and projected household growth within 3 miles support demand and leasing stability.
- Proximity to diversified employers (media, energy, engineering) broadens the professional tenant base.
- Risks: modest immediate retail density and an owner-leaning neighborhood mix require emphasis on amenity upgrades and professional management to drive absorption.