| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15050 Moorpark St, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1984 |
| Units | 25 |
| Transaction Date | 2025-02-10 |
| Transaction Price | $329,300 |
| Buyer | 15050 MOORPARK LLC |
| Seller | SCHIFF QMM LLC |
15050 Moorpark St Sherman Oaks Multifamily Investment
High renter concentration and elevated ownership costs in the surrounding neighborhood point to durable apartment demand, according to WDSuite’s CRE market data. Occupancy trends sit below the metro median, so asset selection and operations are the levers for performance.
Sherman Oaks is an Urban Core pocket with strong daily convenience: restaurants, cafes, groceries, and pharmacies index in the top quartile nationally, supporting renter appeal and retention. Park access is limited within the immediate neighborhood, which places more weight on on-site amenities for livability.
The property s 1984 vintage is newer than the neighborhood s average construction year of 1975, suggesting relative competitiveness versus older stock. Investors should still underwrite modernization of interiors and building systems typical for assets of this age, but near-term capital planning can prioritize targeted value-add over full system replacement.
Renter-occupied share is high at the neighborhood level (ranked among the top quartile nationally), indicating a deep tenant base for multifamily. Neighborhood occupancy is below the metro median (rank 1204 of 1441), so leasing execution and product differentiation will be important to sustain stability.
Within a 3-mile radius, recent trends show essentially flat household counts with small household sizes, while forward-looking data points to an increase in households and a lower average household size. This combination typically expands the renter pool and supports occupancy stability. Elevated home values in the neighborhood (top percentile nationally) reinforce reliance on multifamily housing, while rent-to-income levels indicate manageable affordability pressure that can aid lease retention.
Compared with neighborhoods nationwide, this area trends safer than average overall, with crime levels in the upper quartiles nationally. Within the Los Angeles-Long Beach-Glendale metro, its crime profile is competitive among peer neighborhoods, and recent data shows notable improvement in property and violent offense rates, supporting a constructive operating outlook for managers focused on resident experience.
Neighborhood standing: overall crime sits in a stronger position nationally (approximately top quartiles) with metro rank 359 out of 1441, while recent year-over-year declines in both property and violent offenses track among the better improvements nationally. As with any Urban Core location, property-level security and lighting remain standard best practices.
Proximity to large employers supports a steady renter base and commute convenience, primarily across entertainment, energy, media, gaming, and engineering. The employers below reflect the immediate draw for workforce housing in this submarket.
- Live Nation Entertainment entertainment HQ and offices (6.6 miles) — HQ
- Occidental Petroleum — energy (6.6 miles) — HQ
- Radio Disney — media (6.9 miles)
- Activision Blizzard Studios — gaming & content (6.9 miles)
- AECOM — engineering & infrastructure (7.0 miles) — HQ
15050 Moorpark St benefits from a high renter-occupied neighborhood, strong amenity density, and ownership costs that support continued reliance on rentals. Based on CRE market data from WDSuite, neighborhood occupancy trends are below the metro median, so execution around leasing, renewals, and product positioning is central to returns. The 1984 vintage is newer than the local average, offering a platform for targeted value-add rather than heavy system replacement.
Within a 3-mile radius, forward projections indicate growth in households alongside smaller household sizes, which typically enlarges the renter pool and supports occupancy stability. Elevated home values in the neighborhood strengthen pricing power for well-positioned assets, while rent-to-income levels suggest manageable affordability pressure that can aid retention.
- High renter concentration and deep tenant base support demand durability
- 1984 vintage newer than area average, enabling focused value-add strategy
- Amenity-rich Urban Core location aids leasing and renewals
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risk: neighborhood occupancy below metro median requires tight operations and product differentiation