| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 91st | Best |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14812 Dickens St, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1982 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14812 Dickens St Sherman Oaks Multifamily Investment
This 22-unit property built in 1982 positions investors in Sherman Oaks' high-amenity urban core neighborhood, which ranks 7th among 1,441 metro neighborhoods and maintains strong renter demand with 60.3% rental occupancy according to CRE market data from WDSuite.
Sherman Oaks delivers exceptional amenity access that supports tenant retention and lease-up velocity. The neighborhood ranks in the 97th percentile nationally for amenities, with 73 restaurants per square mile, 8 cafés per square mile, and robust access to groceries and childcare facilities. This density creates a walkable environment that appeals to renters seeking urban convenience.
Demographic trends within a 3-mile radius show a stable, educated tenant base with 47.9% of adults holding bachelor's degrees, ranking 12th among metro neighborhoods. The area maintains 60.3% rental occupancy, significantly above typical ownership-heavy suburbs, supporting consistent multifamily demand. Median household income of $104,176 provides solid rent-paying capacity, though investors should monitor the rent-to-income ratio trends for pricing power considerations.
The property's 1982 construction year aligns closely with the neighborhood average of 1976, suggesting potential value-add opportunities through strategic renovations and unit upgrades. With home values at $1.3 million median and strong ownership costs, elevated purchase prices reinforce rental demand as residents rely on multifamily housing options rather than transitioning to ownership.
Forward-looking demographics indicate household growth of 33.7% projected through 2028, expanding the potential tenant base. Combined with forecast median income growth to $151,279, this suggests sustained rental demand and potential for measured rent growth, though investors should evaluate market absorption capacity and competitive supply dynamics.
The neighborhood demonstrates improving safety trends that support tenant retention and property values. Property crime rates declined 80.3% year-over-year, ranking in the 98th percentile nationally for crime reduction. Violent crime also decreased substantially by 95.6%, placing the area in the top tier nationwide for safety improvements.
Current crime levels position the neighborhood competitively within the Los Angeles metro, ranking 367th out of 1,441 neighborhoods and achieving the 76th percentile nationally for overall safety. While urban areas typically experience higher baseline crime rates, the significant downward trend indicates effective local safety initiatives that can enhance long-term tenant appeal and retention rates.
The property benefits from proximity to major corporate headquarters and entertainment industry employers that provide workforce housing demand and commute convenience for tenants.
- Live Nation Entertainment — entertainment services (6.2 miles) — HQ
- Occidental Petroleum — energy sector (6.3 miles) — HQ
- Activision Blizzard Studios — gaming and technology (6.6 miles)
- AECOM — engineering and infrastructure (6.7 miles) — HQ
- Disney — entertainment and media (7.5 miles) — HQ
This Sherman Oaks property offers investors exposure to a top-tier neighborhood with strong fundamentals and upside potential. The area's A+ rating and 7th place ranking among 1,441 metro neighborhoods reflects exceptional amenity access and educated demographics that support tenant quality and retention. The 1982 construction vintage presents value-add opportunities through strategic renovations while maintaining structural integrity common to the neighborhood's building stock.
Multifamily property research indicates favorable demand drivers, with 60.3% rental occupancy well above metro averages and projected household growth of 33.7% through 2028 expanding the tenant base. High ownership costs at $1.3 million median home values reinforce rental demand, while proximity to major entertainment and corporate employers provides workforce housing appeal. However, investors should monitor rent-to-income ratios and evaluate capital expenditure needs given the property's age.
- Top-tier neighborhood ranking (7th of 1,441) with exceptional amenity access
- Strong rental demand supported by high ownership costs and educated demographics
- Value-add potential through strategic renovations of 1982-vintage units
- Projected 33.7% household growth expanding tenant base through 2028
- Risk consideration: Monitor capital expenditure needs and rent-to-income sustainability