| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 80th | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14805 Magnolia Blvd, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | 2014-07-10 |
| Transaction Price | $5,850,058 |
| Buyer | 13760 VANOWEN AVENUE LLC |
| Seller | MAGWIL LP |
14805 Magnolia Blvd Sherman Oaks Multifamily Investment
This 24-unit property built in 1984 sits in an Urban Core neighborhood with 96% rental occupancy and strong renter demographics, according to WDSuite's CRE market data.
The Sherman Oaks Urban Core neighborhood ranks in the top quartile nationally for housing fundamentals among 1,441 metro neighborhoods, with 65.4% of housing units renter-occupied. Current neighborhood-level occupancy sits at 91.6%, while median contract rents reach $1,971 with 28% growth over five years. Within a 3-mile radius, the area serves nearly 198,000 residents with a median household income of $91,495.
This 1984 construction year aligns with the neighborhood average of 1988, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The area demonstrates strong rental demand fundamentals, with elevated home values at $1.15 million median reinforcing renter reliance on multifamily housing options.
Demographic projections within the 3-mile radius show household growth of 31% through 2028, expanding the potential tenant base from 77,951 to 102,270 households. The neighborhood ranks in the 80th percentile nationally for demographics, with 28.1% of adults holding bachelor's degrees and strong childcare density supporting family-oriented renter demand.
The neighborhood ranks 352nd among 1,441 metro neighborhoods for overall crime metrics, placing it in the 76th percentile nationally for safety. Property offense rates show significant improvement with an 81% year-over-year decline, while violent crime rates decreased 87% over the same period, both ranking in the 98th percentile nationally for crime reduction trends.
Current property offense rates of 237 incidents per 100,000 residents place the area near the metro median, while violent crime rates of 23 per 100,000 residents remain well below regional averages. These improving safety trends support tenant retention and leasing stability for multifamily operators.
Major corporate employers within commuting distance include entertainment, telecommunications, and energy headquarters that support workforce housing demand in the Sherman Oaks area.
- Radio Disney — media and entertainment (6.6 miles)
- Charter Communications — telecommunications (6.8 miles)
- Live Nation Entertainment — entertainment services (7.1 miles) — HQ
- Occidental Petroleum — energy (7.3 miles) — HQ
- Disney — entertainment and media (7.5 miles) — HQ
This Sherman Oaks property benefits from Urban Core neighborhood fundamentals including 96th percentile rental occupancy share and top-quartile housing metrics among 1,441 metro neighborhoods. The 1984 construction year presents value-add renovation potential while demographic growth projections show 31% household expansion through 2028, supporting long-term tenant demand.
Elevated home values at $1.15 million median reinforce rental demand, while improving safety trends and proximity to major entertainment and energy employers provide operational stability. Commercial real estate analysis from WDSuite indicates neighborhood-level NOI averaging $15,637 per unit, ranking in the 95th percentile nationally.
- Top-quartile housing fundamentals with 96th percentile rental occupancy share
- 31% projected household growth through 2028 expanding tenant base
- Value-add renovation potential with 1984 vintage in established neighborhood
- Proximity to major corporate headquarters supporting workforce housing demand
- Monitor rent-to-income ratios at 23% which may pressure renewal rates