| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 80th | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14925 Magnolia Blvd, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 2013 |
| Units | 49 |
| Transaction Date | 2017-05-24 |
| Transaction Price | $21,700,000 |
| Buyer | BPP ALPHABET MF MAGNOLIA APARTMENTS LLC |
| Seller | IMT CAPITAL MAGNOLIA LLC |
14925 Magnolia Blvd Sherman Oaks Multifamily Investment
This 49-unit property benefits from neighborhood-level occupancy at 91.6% and strong renter demand with 65.4% of units tenant-occupied in the immediate area, supported by CRE market data from WDSuite.
Sherman Oaks presents a mature multifamily environment with the neighborhood ranking in the top quartile nationally for net operating income per unit at $15,637, placing 92nd among 1,441 metro neighborhoods. The property's 2013 construction year positions it newer than the neighborhood average of 1988, potentially reducing near-term capital expenditure needs while maintaining competitive positioning in an established rental market.
Demographics within a 3-mile radius show 193,425 residents with 64.5% of housing units renter-occupied, indicating strong rental demand depth. Median household income of $91,782 has grown 26.4% over five years, while contract rents increased 34% to $1,770 median, suggesting sustained pricing power. Forecasts through 2028 project household count growth of 31.5% and median income rising to $131,758, expanding the potential tenant base.
The neighborhood demonstrates solid fundamentals with median home values at $1,147,771 and a value-to-income ratio ranking in the 98th percentile nationally. These elevated ownership costs reinforce rental demand and sustain renter reliance on multifamily housing. Amenity access includes 2.67 grocery stores per square mile and 2.67 childcare facilities per square mile, both ranking above metro averages and supporting tenant retention appeal.
Safety metrics show the neighborhood ranking 352nd among 1,441 metro neighborhoods for overall crime, placing it in the 76th percentile nationally. Property offense rates have declined 81.1% year-over-year, ranking in the 98th percentile for improvement trends nationwide. Violent offense rates also decreased 87% annually, demonstrating positive directional momentum in public safety indicators.
The surrounding employment base includes major corporate offices and headquarters within commuting distance, supporting workforce housing demand and tenant retention in the Sherman Oaks submarket.
- Radio Disney — media & entertainment (6.7 miles)
- Charter Communications — telecommunications (6.9 miles)
- Live Nation Entertainment — entertainment services (7.1 miles) — HQ
- Occidental Petroleum — energy & oil (7.3 miles) — HQ
- Disney — media & entertainment (7.7 miles) — HQ
This Sherman Oaks property offers exposure to a stable rental market with neighborhood occupancy at 91.6% and strong demographic fundamentals. The 2013 construction vintage provides modern appeal while avoiding the capital intensity of older properties, positioning the asset competitively within a submarket where NOI per unit averages $15,637. According to commercial real estate analysis from WDSuite, the area's 98th percentile ranking for home value-to-income ratios reinforces rental demand by maintaining elevated ownership barriers.
Forward-looking metrics support continued multifamily demand with projected household growth of 31.5% through 2028 and median income rising to $131,758. The neighborhood's 65.4% renter-occupied share ranks in the 96th percentile nationally, indicating deep rental market penetration. Recent crime reduction trends, including an 81% decline in property offenses, enhance the location's tenant appeal and retention potential.
- Strong occupancy fundamentals with neighborhood-level rates at 91.6%
- 2013 construction reduces near-term capital expenditure requirements
- Projected 31.5% household growth expands tenant base through 2028
- Elevated ownership costs sustain rental demand in high-value market
- Risk consideration: Recent occupancy decline of 2.8% requires monitoring of lease renewal rates