| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 85th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14522 W Magnolia Blvd, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1990 |
| Units | 21 |
| Transaction Date | 1997-04-07 |
| Transaction Price | $1,750,000 |
| Buyer | BERGLAS |
| Seller | 14520 MAGNOLIA LTD |
14522 W Magnolia Blvd Sherman Oaks Multifamily Investment
This 21-unit property benefits from Sherman Oaks' strong rental demand, with neighborhood-level occupancy at 91.8% supported by high-income demographics and proximity to major entertainment industry employers, according to WDSuite's CRE market data.
Sherman Oaks ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for demographics and housing fundamentals, with household incomes averaging $100,753 and 59.4% of residents choosing to rent. The neighborhood's urban core designation reflects its mature development pattern and strong amenity access, including childcare facilities at nearly three times the metro density.
Built in 1990, this property aligns with the neighborhood's average construction vintage of 1980, positioning it competitively within the established building stock while avoiding near-term obsolescence concerns. Demographic data aggregated within a 3-mile radius shows household growth of 1.1% over five years, with projections indicating a 31.4% increase in total households through 2028, expanding the potential renter pool significantly.
Median contract rents in the neighborhood reach $1,987, ranking above metro median levels and reflecting the area's appeal to higher-income tenants. Home values averaging over $1 million create a substantial ownership cost barrier that can help retain households in the rental market. The rent-to-income ratio of 0.24 suggests manageable affordability for the target demographic, supporting lease renewal rates and occupancy stability.
The neighborhood's amenity density includes 2.89 grocery stores per square mile, ranking in the 89th percentile nationally, along with strong restaurant and pharmacy access. However, investors should note the area's limited park and cafe density, which may affect tenant preferences for outdoor recreation and walkable lifestyle amenities.
Sherman Oaks demonstrates favorable safety metrics compared to the broader Los Angeles metro area, ranking 167th out of 1,441 neighborhoods for overall crime levels, placing it in the 82nd percentile nationally. This positions the area well above average for tenant security concerns and insurance considerations.
Property crime rates show particularly positive trends, with an estimated 173 incidents per 100,000 residents and a notable 84% year-over-year decrease. Violent crime remains minimal at under 8 incidents per 100,000 residents, with a 96% reduction from the previous year. These improving safety conditions support tenant retention and can enhance the property's competitive positioning in lease negotiations.
The Sherman Oaks area benefits from proximity to major entertainment and media industry employers, providing a stable employment base that supports consistent rental demand from creative professionals and corporate workers.
- Radio Disney — media & entertainment (6.2 miles)
- Charter Communications — telecommunications (6.5 miles)
- Live Nation Entertainment — entertainment services (6.9 miles) — HQ
- Disney — media & entertainment (7.2 miles) — HQ
- Occidental Petroleum — energy (7.3 miles) — HQ
This Sherman Oaks property offers exposure to one of Los Angeles' most demographically stable rental markets, with neighborhood-level occupancy at 91.8% and strong tenant income profiles supporting rent growth potential. The 1990 construction year positions the asset for strategic value-add improvements while maintaining competitive positioning within the established neighborhood building stock.
Demographic projections within a 3-mile radius indicate substantial household growth of 31.4% through 2028, expanding the renter pool significantly. According to CRE market data from WDSuite, the area's proximity to major entertainment industry headquarters and high educational attainment levels create a stable employment base that supports long-term occupancy fundamentals.
- Strong neighborhood demographics with top quartile ranking among 1,441 LA metro areas
- Projected 31.4% household growth through 2028 expanding rental demand
- High-income tenant base with median household income of $100,753
- Proximity to major entertainment industry employers providing employment stability
- Risk consideration: Limited park amenities may affect tenant preferences for outdoor lifestyle features