| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15010 Dickens St, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1987 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15010 Dickens St Sherman Oaks Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting depth of tenant demand according to WDSuite’s CRE market data. Stable occupancy at the neighborhood level and strong local incomes point to durable leasing fundamentals.
Sherman Oaks’ Urban Core location provides investors with strong daily-needs access and lifestyle convenience. Amenity availability tests well above national norms, with dense concentrations of restaurants, cafes, groceries, and pharmacies (national percentiles in the 90s), indicating a walkable, services-rich environment that supports resident retention and lease stability, based on WDSuite’s CRE market data.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood ranks 66 out of 1,441 on overall neighborhood rating, signaling competitive positioning among metro peers. Neighborhood occupancy sits near the national midpoint, yet renter-occupied share is elevated (97th percentile nationally), which points to a deep renter base for multifamily assets and a broader pool of prospective tenants.
High ownership costs (home values testing in the upper 90th percentile nationally) make this a high-cost ownership market, which can reinforce reliance on rental housing and support pricing power when managed carefully. At the same time, median contract rents benchmark high nationally, so operators should balance rent growth with retention strategies; the local rent-to-income ratio trends on the lower side nationally, a positive for renewal durability.
Demographics aggregated within a 3-mile radius show modest contraction in recent population counts with a small increase in households, suggesting smaller household sizes and sustained demand for rental units. Forward-looking projections indicate population and household growth over the next five years, implying a larger tenant base and support for occupancy stability relative to metro trends.
Vintage matters: the property’s 1987 construction is newer than the neighborhood’s average vintage (1975). That positioning can offer a competitive edge versus older stock while still warranting targeted modernization and systems updates to match today’s renter expectations.
Safety indicators compare favorably in context. The neighborhood’s overall crime positioning is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 359 out of 1,441) and trends better than many U.S. neighborhoods (upper-70s national percentile), according to WDSuite’s CRE market data.
Recent year-over-year trends show notable improvement: violent offense rates and property offenses both declined materially, with improvement metrics placing the area among stronger movers nationally. As always, investors should underwrite with submarket and street-level diligence, but the directional trend supports resident retention and leasing stability.
Proximity to major employers in entertainment, energy, and engineering supports a diverse white-collar employment base and commute convenience for renters. Notable nearby employers include Live Nation Entertainment, Occidental Petroleum, Activision Blizzard Studios, Radio Disney, and AECOM.
- Live Nation Entertainment — entertainment HQ (6.39 miles) — HQ
- Occidental Petroleum — energy HQ (6.41 miles) — HQ
- Activision Blizzard Studios — media & gaming (6.75 miles)
- Radio Disney — media (6.80 miles)
- AECOM — engineering & infrastructure (6.85 miles) — HQ
15010 Dickens St is a 27-unit multifamily asset in Sherman Oaks with fundamentals supported by a services-rich neighborhood and a high renter concentration. According to CRE market data from WDSuite, neighborhood occupancy trends around the national midpoint while the renter-occupied share is high, indicating a deep tenant base that can sustain leasing activity. Elevated home values in the area reinforce reliance on multifamily housing, supporting pricing power when paired with deliberate renewal strategies.
Constructed in 1987, the property is newer than the area’s average vintage, offering a relative competitiveness versus older local stock while still benefiting from targeted modernization to optimize rent positioning. Three-mile demographics point to a near-term increase in households and population over the next five years, which supports a larger renter pool and occupancy stability for well-operated assets.
- Services-rich Urban Core location with strong amenity access that favors retention
- High renter concentration and high-cost ownership market support durable multifamily demand
- 1987 vintage offers competitive positioning with value-add potential through selective modernization
- 3-mile forecasts indicate household and population growth, expanding the tenant base
- Risks: occupancy sits near the national midpoint and local park access is limited; prudent underwriting and resident experience investments are important