| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14900 Moorpark St, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1990 |
| Units | 47 |
| Transaction Date | 2014-10-17 |
| Transaction Price | $9,000,000 |
| Buyer | VILL NICOLA LLC |
| Seller | REVX 499 LLC |
14900 Moorpark St Sherman Oaks Multifamily Opportunity
Positioned in a high-demand Sherman Oaks neighborhood where renter-occupied housing is prevalent and ownership costs are elevated, the asset benefits from durable rental demand, according to WDSuite’s CRE market data.
Sherman Oaks posts an A neighborhood rating and ranks 66 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, placing it in the top quartile locally. For investors, this signals strong location fundamentals supported by deep renter demand and income profiles that have outperformed many peer areas.
Amenity access is a clear strength: restaurants and cafes index in the top percentiles nationally, with groceries and pharmacies also abundant. This concentration of daily conveniences supports leasing velocity and retention for working professionals. Park acreage is limited within the neighborhood footprint, so outdoor recreation may rely more on private amenities or short drives to regional options.
The property’s 1990 construction is newer than the neighborhood’s average vintage (1975). That positioning typically enhances competitive standing versus older stock while still warranting selective modernization of building systems and common areas to protect NOI and support rent trade‑outs.
Tenure dynamics favor multifamily: a high share of housing units are renter-occupied (well above national norms), implying a large and active tenant base. Within a 3‑mile radius, recent years show steady household counts alongside smaller average household sizes; forward projections indicate household growth through 2028, which expands the renter pool and supports occupancy stability. Elevated for-sale home values in the neighborhood further sustain reliance on multifamily housing, reinforcing pricing power and lease retention potential.
Relative to the Los Angeles metro, the neighborhood’s safety profile is competitive, with a crime rank of 359 out of 1,441 — near the top quartile and above the metro median. Nationally, WDSuite’s data places the area around the 76th percentile for safety compared with neighborhoods across the country.
Trendwise, estimated rates for both property and violent offenses have moved lower year over year, indicating improving conditions. As always, outcomes vary block to block, but the directional trend provides a supportive backdrop for resident retention and long‑term leasing stability.
Nearby employment centers span entertainment, energy, media, gaming, and infrastructure, supporting a broad renter base and commute convenience for residents. Key employers within a short drive include Live Nation Entertainment, Occidental Petroleum, Radio Disney, Activision Blizzard Studios, and AECOM.
- Live Nation Entertainment — entertainment (6.4 miles) — HQ
- Occidental Petroleum — energy (6.5 miles) — HQ
- Radio Disney — media (6.6 miles)
- Activision Blizzard Studios — gaming (6.8 miles)
- AECOM — infrastructure & engineering (6.9 miles) — HQ
14900 Moorpark St offers exposure to a top-quartile Sherman Oaks location with deep renter demand, robust amenity access, and proximity to diverse white‑collar employment hubs. The 1990 vintage is newer than the local average, suggesting competitive positioning versus older assets while leaving room for targeted capital improvements to enhance rentability and operating efficiency.
Based on CRE market data from WDSuite, neighborhood occupancy trends sit around national norms while renter concentration and high for‑sale home values underpin demand for multifamily units. Within a 3‑mile radius, households are projected to increase as average household size trends lower, expanding the tenant base and supporting long‑term leasing fundamentals.
- Top-quartile Sherman Oaks location with strong amenity density supporting retention
- 1990 vintage newer than area average, with value-add potential via selective modernization
- Large renter-occupied housing base and high ownership costs reinforce multifamily demand
- Diverse nearby employers (entertainment, energy, media, engineering) bolster leasing depth
- Risks: neighborhood occupancy has softened versus five years ago and park access is limited; plan for targeted capex to sustain competitiveness