| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 84th | Best |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14411 Riverside Dr, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1979 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14411 Riverside Dr, Sherman Oaks CA Multifamily Investment
Positioned in an Urban Core pocket of Sherman Oaks with strong renter concentration, the asset benefits from durable tenant demand and proximity to daily amenities, according to WDSuite’s CRE market data.
Sherman Oaks’ Urban Core location offers daily convenience for residents, with parks and pharmacies ranking in the top tier nationally and grocery access competitive for Los Angeles. Neighborhood quality is top quartile among 1,441 metro neighborhoods (A- rating), signaling fundamentals that support leasing and retention for workforce and professional tenants.
Renter-occupied housing makes up a very high share of local units (99th percentile nationally), indicating a deep tenant base for multifamily owners. Neighborhood occupancy trends are around the national middle, suggesting stable but competitive leasing conditions where product quality, management, and pricing discipline matter.
Within a 3-mile radius, demographics point to a sizeable, income-diverse renter pool with median incomes that support market-rate product and measured rent growth. Forecasts indicate an increase in households and a modest renter pool expansion over the next five years, which can underpin occupancy stability; this outlook is based on commercial real estate analysis from WDSuite.
Elevated home values relative to many U.S. neighborhoods reinforce reliance on rental housing and can support pricing power for well-managed assets, while a moderate rent-to-income environment reduces near-term affordability pressure and can aid lease retention.
Vintage context: the property was built in 1979, newer than the neighborhood’s average 1970 stock. This positioning helps competitiveness versus older buildings, though investors should plan for ongoing system modernization and targeted value-add to meet current renter expectations.
Safety indicators are favorable in a metro context: the neighborhood is competitive among Los Angeles areas, and WDSuite’s data place it in the top quartile nationally for safety. Recent year-over-year declines in both property and violent incident estimates further point to an improving trend. As always, conditions can vary block to block; investors should pair these area-level signals with property-specific diligence.
Nearby corporate offices create a diversified white-collar employment base that supports renter demand and commute convenience. Notable employers within roughly 6–7 miles include media, entertainment, and energy headquarters alongside major telecom operations referenced below.
- Radio Disney — media (6.1 miles)
- Live Nation Entertainment — entertainment HQ & corporate (6.4 miles) — HQ
- Charter Communications — telecom (6.5 miles)
- Occidental Petroleum — energy (6.8 miles) — HQ
- Disney — media & entertainment (7.0 miles) — HQ
This 22-unit, 1979-vintage property aligns with a renter-heavy submarket where elevated ownership costs sustain multifamily demand and household growth is projected to increase the local renter base within a 3-mile radius. According to CRE market data from WDSuite, neighborhood quality ranks in the top quartile among Los Angeles neighborhoods, while occupancy trends sit near the national middle—an environment where updated product and disciplined operations can capture steady absorption.
Relative to older 1970s-average stock nearby, 1979 vintage offers competitive positioning yet still leaves room for targeted renovations to enhance rents and retention. High neighborhood incomes and a moderate rent-to-income profile support ongoing leasing, though investors should plan for capital to modernize interiors and building systems to remain compelling against newer supply.
- Renter-heavy area (99th percentile nationally) supports depth of tenant demand and leasing durability.
- Top-quartile neighborhood quality in a major LA metro context underpins long-term fundamentals.
- 1979 vintage beats older local stock, with value-add potential via selective renovations.
- Elevated ownership costs bolster rental reliance, supporting pricing power for well-managed assets.
- Risk: occupancy performance is around the national middle, so execution on finishes, amenity mix, and management is key.