| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 80th | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14805 W Magnolia Blvd, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | 2018-12-03 |
| Transaction Price | $8,850,000 |
| Buyer | --- |
| Seller | Magwil, LP, Developer, Ridan, Inc., PrCiaces/hu Enqitu aivnadle /nstf |
14805 W Magnolia Blvd Sherman Oaks Multifamily Investment
Renter demand is supported by a high-cost ownership landscape and a sizable renter-occupied housing base in the surrounding neighborhood, according to WDSuite’s CRE market data. This positioning favors steady leasing with room for selective value-add execution.
Sherman Oaks posts an A- neighborhood rating and ranks 323 out of 1,441 Los Angeles metro neighborhoods — a top quartile position that signals competitive fundamentals for multifamily investors. Neighborhood occupancy is in a mid-range band nationally, while the share of housing units that are renter-occupied is high, indicating depth in the tenant base and support for leasing velocity.
Lifestyle access skews toward daily needs over destination retail: neighborhood grocery coverage sits in a strong national band, and restaurants are plentiful compared with U.S. norms. Cafes, parks, and pharmacies are thinner locally, so on-site amenities and walkable conveniences nearby become differentiators for retention.
School quality trends above national averages, which can bolster lease stability for larger floor plans. Median home values rank in the upper tier nationally, reflecting a high-cost ownership market that tends to sustain reliance on multifamily housing and supports pricing power when operations execute well.
The asset was built in 1984, slightly older than the neighborhood’s average vintage. This often points to manageable capital planning with potential renovation upside to modernize interiors and systems for competitive positioning against newer stock.
Within a 3-mile radius, recent data show a modest dip in population alongside a slight increase in total households, with projections indicating incremental population growth and a larger household count over the next five years. Smaller average household sizes and rising incomes suggest a stable to expanding renter pool, supporting occupancy and renewal potential. Median contract rents and incomes are expected to trend upward locally, reinforcing an investor thesis centered on sustained demand and disciplined rent management based on WDSuite’s commercial real estate analysis.
Relative to the Los Angeles metro, the neighborhood’s safety profile is competitive, with a rank of 352 out of 1,441 — placing it near the top quartile locally. Nationally, indices land in mid-to-better percentiles, indicating conditions that many multifamily operators would consider supportive of leasing and retention without being a primary differentiator.
Recent year-over-year trends show notable improvement in both property and violent offense measures compared with neighborhoods nationwide, a constructive signal for long-term operations. As always, investors should pair these neighborhood-level trends with property-specific security practices and lender requirements.
Proximity to major media, telecom, and energy employers underpins a diverse white-collar renter base and convenient commutes for residents. Key nearby employers include Radio Disney, Charter Communications, Live Nation Entertainment, Occidental Petroleum, and Disney.
- Radio Disney — media (6.6 miles)
- Charter Communications — telecommunications (6.8 miles)
- Live Nation Entertainment — entertainment offices (7.1 miles) — HQ
- Occidental Petroleum — energy (7.3 miles) — HQ
- Disney — entertainment (7.5 miles) — HQ
This 24-unit, 1984-vintage property in Sherman Oaks benefits from a renter-heavy neighborhood profile and a high-cost ownership market, both of which reinforce multifamily demand and support occupancy stability. Neighborhood rent levels and incomes sit in ranges that favor retention and measured rent growth, while median home values in the top national tier tend to sustain renter reliance on multifamily housing.
The vintage opens a path for targeted value-add: updating interiors and common areas can enhance competitiveness versus newer assets without full repositioning. Within a 3-mile radius, projections point to incremental population growth and a rising number of households, indicating a larger tenant base over the next cycle. According to CRE market data from WDSuite, the broader neighborhood fundamentals are competitive within the Los Angeles metro, providing a constructive backdrop for disciplined operations.
- Renter-occupied housing concentration supports a deep tenant base and steady leasing
- High-cost ownership market sustains rental demand and pricing power
- 1984 vintage offers practical renovation and repositioning upside
- 3-mile household growth outlook indicates a larger renter pool over time
- Risk: amenities like parks/cafes are thinner locally, so property-level features and management execution are important for retention