| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 88th | Best |
| Amenities | 35th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14430 Benefit St, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1987 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14430 Benefit St Sherman Oaks Multifamily Investment
Positioned in a high-cost ownership market, this 26-unit asset targets a deep renter pool and stable occupancy, according to WDSuite’s CRE market data. Thoughtful operations and large floor plans support disciplined commercial real estate analysis for long-term performance.
Sherman Oaks’ Inner Suburb location combines affluent demographics with steady renter demand. Neighborhood home values rank among the highest nationally, which tends to reinforce reliance on multifamily housing and can support pricing power and lease retention. Median contract rents in the neighborhood are elevated as well. Note that occupancy figures referenced here are measured for the neighborhood, not the property.
Livability indicators are mixed: park access performs well nationally (around the top quintiles), and childcare density is also strong, while the immediate neighborhood footprint shows lighter café, grocery, and pharmacy density. For investors, this pattern points to residents relying on nearby commercial corridors for daily needs while valuing residential quiet and access to open space.
Within a 3-mile radius, renter-occupied housing accounts for a majority of units today and is projected to remain around that level, indicating depth in the tenant base and support for multifamily absorption. Neighborhood occupancy sits in the high-80s with only modest softening over five years, suggesting resilient renter demand when paired with prudent leasing and retention strategies.
Three-mile demographics show high household incomes with notable growth over the past five years, and forward-looking data from WDSuite indicates continued income gains alongside an increase in total households and smaller average household size. For multifamily investors, that combination expands the renter pool and supports occupancy stability for well-positioned assets.
Safety metrics compare favorably: the neighborhood is in the top quintile nationally for safety relative to neighborhoods across the country, and recent trends show meaningful year-over-year declines in both violent and property offense rates. These are neighborhood-level readings within the Los Angeles-Long Beach-Glendale metro and should be used as comparative context rather than block-level guidance.
A strong white-collar employment base in entertainment, energy, and engineering underpins renter demand and retention through commute convenience and professional wage stability. Nearby anchors include Live Nation Entertainment, Radio Disney, Occidental Petroleum, Activision Blizzard Studios, and AECOM.
- Live Nation Entertainment — entertainment (5.9 miles) — HQ
- Radio Disney — media (6.1 miles)
- Occidental Petroleum — energy (6.2 miles) — HQ
- Activision Blizzard Studios — entertainment & gaming (6.2 miles)
- AECOM — engineering & infrastructure (6.4 miles) — HQ
Built in 1987, the property is newer than much of the surrounding stock, providing a competitive position versus older assets while leaving room for targeted modernization to enhance rents and resident retention. Large average unit sizes (about 1,175 SF) align with demand from higher-income renters who prioritize space, and the neighborhood’s high-cost ownership landscape tends to sustain reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood occupancy has been stable in the high-80s, indicating durable demand rather than transient lease-up dynamics.
Within a 3-mile radius, incomes are strong and trending upward, and WDSuite’s outlook points to growth in total households with smaller average household sizes over the next five years—supporting a larger renter pool and steady absorption. Area-level rent trajectories are positive, creating an opportunity to capture incremental revenue through thoughtful renovations and disciplined operations, balanced against elevated resident expectations in a premium submarket.
- 1987 vintage offers relative competitiveness versus older stock, with selective value-add potential
- Large average floor plans support renter demand and retention among higher-income households
- High-cost ownership market reinforces multifamily demand and pricing power
- Household growth and smaller household sizes within 3 miles expand the renter base
- Risk: amenity density is lighter within the immediate footprint, requiring emphasis on access to nearby corridors and in-building value