| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 80th | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14710 Burbank Blvd, Sherman Oaks, CA, 91411, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | 1995-03-14 |
| Transaction Price | $348,000 |
| Buyer | COELER |
| Seller | COELER ADELHEID |
14710 Burbank Blvd Sherman Oaks Multifamily Investment
This 24-unit property in Sherman Oaks benefits from strong neighborhood-level occupancy at 91.6% and rental demand supported by high home values that reinforce renter reliance on multifamily housing.
Sherman Oaks ranks in the top quartile among 1,491 Los Angeles metro neighborhoods for housing metrics (85th percentile nationally) and demographics (80th percentile nationally). The neighborhood maintains a median contract rent of $1,971 with 28% growth over five years, while occupancy holds at 91.6%. With 65.4% of housing units renter-occupied, the area demonstrates strong rental market fundamentals.
Built in 1985, this property aligns with the neighborhood's average construction year of 1988, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The area's median home value of $1.15 million reinforces rental demand by keeping ownership costs elevated relative to renting, supporting tenant retention and lease renewal rates.
Demographics within a 3-mile radius show household income growth of 27% over five years to a median of $85,678, with forecasts projecting continued income gains of 43% by 2028. The neighborhood offers strong childcare density (95th percentile nationally) and restaurant access (87th percentile nationally), supporting tenant appeal and retention for families and working professionals.
The Sherman Oaks neighborhood ranks 352nd among 1,491 Los Angeles metro neighborhoods for crime metrics, placing it in the 76th percentile nationally for safety. Property offense rates have declined significantly by 81% year-over-year, while violent crime rates dropped 87% over the same period, indicating improving security trends that support tenant retention and leasing stability.
Sherman Oaks benefits from proximity to major entertainment and corporate employers that provide workforce housing demand, including Disney headquarters and Live Nation Entertainment within the broader Los Angeles market.
- Charter Communications — telecommunications (6.5 miles)
- Radio Disney — media and entertainment (6.5 miles)
- Disney — entertainment and media (7.4 miles) — HQ
- Live Nation Entertainment — entertainment and events (7.4 miles) — HQ
- Occidental Petroleum — energy and oil (7.8 miles) — HQ
According to CRE market data from WDSuite, this Sherman Oaks property benefits from neighborhood-level fundamentals that support multifamily investment performance. The area's 91.6% occupancy rate and $1,971 median rent reflect stable rental demand, while elevated home values of $1.15 million reinforce renter reliance on multifamily housing. The 1985 construction year presents potential value-add opportunities through strategic renovations and unit improvements.
Demographic projections within a 3-mile radius show household income growth continuing through 2028, supporting rent growth potential and tenant quality. The neighborhood's high density of childcare facilities and restaurants enhances tenant appeal, while proximity to major entertainment employers like Disney provides workforce housing demand. However, investors should monitor the area's lower COVID resilience ranking and rent-to-income ratios for potential affordability pressure on renewals.
- Strong neighborhood occupancy at 91.6% with 65.4% rental tenure supporting demand stability
- Elevated home values reinforce rental market positioning and tenant retention
- 1985 vintage offers value-add renovation upside for capital improvement strategies
- Proximity to Disney headquarters and entertainment employers supports workforce housing demand
- Risk consideration: Monitor rent-to-income ratios and COVID resilience metrics for renewal management