| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 80th | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14640 Burbank Blvd, Sherman Oaks, CA, 91411, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1981 |
| Units | 36 |
| Transaction Date | 1994-12-14 |
| Transaction Price | $261,000 |
| Buyer | ROJANY AVI |
| Seller | SCAGLIONI HERNAN |
14640 Burbank Blvd Sherman Oaks Multifamily Opportunity
High renter concentration in the surrounding neighborhood and elevated ownership costs in Sherman Oaks support a durable tenant base, according to WDSuite’s CRE market data. Neighborhood occupancy is around the metro middle, suggesting stable operations with room to optimize through asset-level execution.
Sherman Oaks’ Urban Core location offers strong daily-life convenience for renters. Neighborhood grocery access and dining density trend in the upper national percentiles, while parks, pharmacies, and cafe counts are lighter within the defined neighborhood boundary. For investors, this mix typically supports resident retention through essentials and restaurants, with some lifestyle amenities found in adjacent areas of the Los Angeles-Long Beach-Glendale metro.
The neighborhood ranks 323 out of 1,441 metro neighborhoods (A- rating), making it competitive among Los Angeles-Long Beach-Glendale neighborhoods. Median home values sit in the upper national percentiles, which points to a high-cost ownership market and tends to reinforce reliance on multifamily housing. Median contract rents are also elevated nationally, but the neighborhood’s rent-to-income ratio sits on the lower side relative to many coastal submarkets, a profile that can aid lease management and retention.
Vintage matters: the property was built in 1981, older than the neighborhood’s average year built. That points to straightforward value-add potential through interior upgrades and selective building-system improvements, improving competitive positioning versus late-1980s stock while planning for ongoing capital needs typical of this era.
Tenure patterns are favorable for multifamily: renter-occupied housing accounts for roughly two-thirds of units at the neighborhood level, indicating depth in the tenant pool. Within a 3-mile radius, demographics show households have edged up recently and are projected to grow further as average household size trends smaller. This combination suggests gradual renter pool expansion, supporting occupancy stability and steady leasing velocity.
Safety indicators compare reasonably well against the region. The neighborhood’s crime rank sits at 352 out of 1,441 in the metro, which is competitive among Los Angeles-Long Beach-Glendale neighborhoods and aligns with mid-to-better national positioning. Recent data also shows notable year-over-year declines in both violent and property offense rates, placing the area in a stronger improvement cohort nationally. As always, block-level conditions can vary, so investors should pair these trends with site-specific observations.
Nearby employment is anchored by media and corporate headquarters within an 8-mile commute, a base that supports renter demand and lease retention for workforce and professional tenants. The list below highlights key employers that shape local housing demand.
- Charter Communications — telecommunications (6.5 miles)
- Radio Disney — media (6.5 miles)
- Disney — media & entertainment (7.4 miles) — HQ
- Live Nation Entertainment — live entertainment (7.4 miles) — HQ
- Occidental Petroleum — energy (7.8 miles) — HQ
This 36-unit asset sits in a competitive Sherman Oaks neighborhood where elevated ownership costs and a high share of renter-occupied housing support multifamily demand. Neighborhood occupancy trends are around the metro middle, and median rents benchmark high nationally; together they suggest room for asset-level optimization without relying on outsized market tailwinds. Based on CRE market data from WDSuite, neighborhood NOI per unit performance ranks high nationally, underscoring revenue potential in comparable assets when operations are dialed in.
The 1981 vintage is slightly older than the neighborhood average, creating a practical value-add path through unit renovations and targeted system upgrades to compete with late-1980s stock. Within a 3-mile radius, households are increasing and are projected to grow further as household sizes moderate, indicating gradual renter pool expansion that can support occupancy stability. Offsetting factors to monitor include softer amenity counts for parks/cafes within the neighborhood boundary and normal cyclical risks tied to entertainment-centric employment.
- High-cost ownership market supports multifamily demand and pricing power
- Renter-occupied share in the mid-60s indicates a deep tenant base
- 1981 vintage offers tangible value-add via interior and system updates
- Household growth within 3 miles points to gradual renter pool expansion
- Risk: amenity gaps (parks/cafes) and sector cyclicality warrant underwriting buffers