| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 84th | Best |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14424 Magnolia Blvd, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1979 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14424 Magnolia Blvd, Sherman Oaks Multifamily Investment
Renter-occupied share in the neighborhood is very high, supporting a deep tenant base and steady leasing, according to WDSuite’s CRE market data. Occupancy for the neighborhood sits near national norms, suggesting stable operations with room for asset-level value creation.
The property sits in an Urban Core pocket of Sherman Oaks that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods (A- neighborhood rating). Neighborhood fundamentals show strong renter demand: renter-occupied housing accounts for a large majority of units, indicating a wide tenant pool and depth for multifamily leasing. Neighborhood occupancy is near the national midpoint, implying generally steady operations with typical turnover risk management for the area.
Local amenity access is a mixed but favorable picture. Parks and pharmacies are abundant (both around the top decile nationally), while restaurants and groceries are also above national norms. Café and childcare density is thinner, so resident convenience for those specific services may depend on nearby submarkets.
Income and housing indicators point to pricing power with attention to retention. Household incomes in the neighborhood are above the national average, while typical contract rents benchmark high nationally. Rent-to-income ratios trend relatively manageable here, which can support lease retention and reduce affordability pressure for many renters.
Within a 3-mile radius, demographics show a modest population dip in recent years alongside a slight increase in households, pointing to smaller average household sizes and a potentially expanding renter pool. Projections indicate further gains in household counts by 2028 with continued downsizing, which typically supports absorption of multifamily units and occupancy stability. Elevated home values in the neighborhood reflect a high-cost ownership market, which tends to sustain reliance on rental housing and supports renter demand.
Vintage context: the asset was built in 1979, newer than the neighborhood’s average construction vintage of 1970. That positioning can aid competitive standing versus older stock, while investors should still plan for modernization of building systems and common areas to drive rentability and NOI.
Based on WDSuite’s CRE market data, the neighborhood’s overall safety profile is competitive among Los Angeles neighborhoods (ranked favorably relative to 1,441 metro neighborhoods) and sits above the national midpoint. Estimated violent and property offense rates have trended down year over year, indicating improving conditions, though investors should underwrite with standard urban monitoring and incorporate routine security and lighting upgrades where appropriate.
Proximity to major media and corporate employers underpins renter demand and commute convenience for knowledge-economy tenants. Nearby anchors include Radio Disney, Charter Communications, Live Nation Entertainment, Disney, and Activision Blizzard Studios.
- Radio Disney — media (6.1 miles)
- Charter Communications — telecommunications (6.3 miles)
- Live Nation Entertainment — entertainment (6.8 miles) — HQ
- Disney — media & entertainment (7.0 miles) — HQ
- Activision Blizzard Studios — gaming & media (7.2 miles)
This 32-unit 1979 asset offers durable renter demand in an Urban Core pocket that ranks among the stronger Los Angeles neighborhoods. Strong neighborhood incomes, high renter concentration, and a high-cost ownership landscape support a sizable tenant base and pricing resilience, while neighborhood occupancy trends are near national norms. According to CRE market data from WDSuite, amenity access skews favorable (notably parks, pharmacies, and daily needs), adding to livability and leasing appeal.
The vintage (1979) is newer than the local average, creating a platform for targeted modernization to enhance competitiveness versus older stock. Within a 3-mile radius, a gradual shift toward more households and smaller household sizes points to a broader renter pool over the forecast horizon, supporting occupancy stability and steady absorption. Investors should still account for routine capex and typical urban operating considerations.
- High renter concentration and strong incomes support demand depth and lease retention
- Favorable amenity access (parks, pharmacies, daily needs) enhances livability and leasing
- 1979 vintage offers value-add through targeted system and common-area modernization
- Household growth and downsizing within 3 miles support renter pool expansion and occupancy stability
- Risks: occupancy near national norms and lighter café/childcare density warrant focused leasing and resident services