| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15040 Moorpark St, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15040 Moorpark St Sherman Oaks Multifamily Investment
This 24-unit property benefits from strong neighborhood occupancy fundamentals in an A-rated Sherman Oaks location. Commercial real estate analysis indicates the area maintains competitive renter demand with above-metro income levels and high educational attainment, according to WDSuite's CRE market data.
Sherman Oaks ranks among the top quartile of neighborhoods in the Los Angeles metro area (66th of 1,441 neighborhoods), earning an A rating for overall investment fundamentals. The area demonstrates strong renter-focused demographics, with 68.9% rental occupancy share ranking in the 97th percentile nationally. Neighborhood-level occupancy of 90.7% reflects stable tenant retention, while median household income of $98,212 provides solid rent-paying capacity.
The property's 1984 construction year positions it slightly newer than the neighborhood average of 1975, potentially reducing near-term capital expenditure needs while maintaining competitive positioning. Demographics within a 3-mile radius show a mature, educated tenant base with 42.3% holding bachelor's degrees (98th percentile nationally). Household projections indicate a 33% increase in total households through 2028, supporting expanded renter pool demand.
Sherman Oaks benefits from exceptional amenity density that supports tenant retention. The neighborhood ranks in the 97th percentile nationally for cafe density and 99th percentile for pharmacy access, creating walkable convenience that appeals to quality renters. High home values with a median of $1.1 million can keep households in the rental market longer, though investors should monitor renewal rates given the premium pricing environment.
Sherman Oaks demonstrates above-average safety metrics compared to the broader Los Angeles metro area. The neighborhood ranks 359th of 1,441 metro neighborhoods for overall crime, placing it in the 76th percentile nationally for safety performance. Violent crime rates remain relatively low, with recent trends showing a 94.7% decrease year-over-year.
Property crime has also declined significantly, dropping 73.4% over the past year and ranking in the 96th percentile nationally for improvement trends. While urban core locations typically face higher crime exposure than suburban alternatives, Sherman Oaks maintains competitive safety levels that support stable tenant retention and leasing appeal for quality renters seeking Los Angeles accessibility.
Sherman Oaks benefits from proximity to major corporate headquarters and entertainment industry employers that anchor the regional workforce and support consistent renter demand from professional tenants.
- Live Nation Entertainment — entertainment & media (6.6 miles) — HQ
- Occidental Petroleum — energy & oil (6.6 miles) — HQ
- Radio Disney — media & broadcasting (6.8 miles)
- Activision Blizzard Studios — gaming & technology (6.9 miles)
- AECOM — engineering & infrastructure (7.0 miles) — HQ
This Sherman Oaks property offers exposure to one of Los Angeles' most stable rental markets, with neighborhood-level occupancy of 90.7% and strong demographic fundamentals supporting long-term tenant demand. The area's A-rating reflects top-quartile performance among metro neighborhoods, while high educational attainment (42.3% with bachelor's degrees) and above-average incomes create a quality renter base. Multifamily property research shows the 3-mile radius projects 33% household growth through 2028, expanding the potential tenant pool significantly.
The 1984 construction vintage positions the asset for targeted value-add opportunities while avoiding major structural obsolescence common in older inventory. Premium home values exceeding $1.1 million help retain households in the rental market, though investors should factor affordability pressures into renewal strategies and potential concession needs during economic downturns.
- Top-quartile neighborhood ranking with A-grade fundamentals and 90.7% occupancy
- High-income, educated tenant base with 97th percentile rental share demographics
- Projected 33% household growth within 3-mile radius through 2028
- 1984 vintage allows value-add potential while minimizing major capital needs
- Risk: High home values and rent-to-income ratios may pressure renewal rates during economic stress