| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15051 Moorpark St, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1987 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | $1,760,459 |
| Buyer | KARRAA ELIAS |
| Seller | CALIFORNIA FEDERAL BANK FSB |
15051 Moorpark St Sherman Oaks Multifamily Investment
High renter concentration and elevated ownership costs in the surrounding neighborhood support a deep tenant base and pricing resilience, according to WDSuite’s CRE market data. Neighborhood occupancy sits near the national middle, with amenity access and income levels helping sustain demand.
Sherman Oaks’ Urban Core location offers strong everyday convenience for renters. Amenity access ranks Competitive among Los Angeles-Long Beach-Glendale neighborhoods (204 out of 1,441), and amenity density trends in the top quartile nationally, led by restaurants, cafes, groceries, and pharmacies clustered within the neighborhood. Park access is limited, so investors should lean on walkable retail and services as the primary livability driver.
The area’s housing stock skews somewhat newer than much of the metro, with this property’s 1987 vintage positioned newer than the neighborhood’s average construction year of 1975. That relative vintage can be competitive versus older buildings while still warranting targeted system upgrades or common-area refreshes to meet current renter expectations.
Renter-occupied share in the neighborhood is high, signaling depth in the tenant pool and supporting lease-up and retention for multifamily. Neighborhood occupancy is around the national midpoint, but the combination of dense amenities and professional household profiles provides a buffer for leasing stability.
Within a 3-mile radius, demographics indicate a well-established renter base with stable household counts and rising incomes. Projections point to growth in households and higher nominal contract rents by 2028, implying a larger tenant base and support for occupancy and rent-to-income management over time. Elevated home values relative to incomes in the neighborhood reinforce renter reliance on multifamily housing, which can aid retention and pricing discipline.
Neighborhood safety indicators compare favorably at the national level. Overall crime sits in the top quartile nationally, and recent estimates show meaningful year-over-year declines in both property and violent offenses, suggesting an improving trend rather than a one-off fluctuation. Compared with the Los Angeles-Long Beach-Glendale metro, the neighborhood performs Competitive among metro neighborhoods and better than many urban Los Angeles areas.
Investors should still underwrite standard urban risk management measures (lighting, access control, package management), but current trend data points to stabilization rather than deterioration.
Proximity to major entertainment and corporate employers supports workforce housing demand and commute convenience for renters. Nearby anchors include Live Nation Entertainment, Occidental Petroleum, Radio Disney, Activision Blizzard Studios, and AECOM.
- Live Nation Entertainment — corporate offices (6.6 miles) — HQ
- Occidental Petroleum — corporate offices (6.6 miles) — HQ
- Radio Disney — corporate offices (6.9 miles)
- Activision Blizzard Studios — corporate offices (6.9 miles)
- AECOM — corporate offices (7.0 miles) — HQ
15051 Moorpark St aligns with renter preferences in an amenity-rich Urban Core pocket of Sherman Oaks. Elevated ownership costs in the neighborhood have historically reinforced multifamily demand, while a high renter-occupied share indicates depth in the tenant base. According to CRE market data from WDSuite, neighborhood occupancy trends near the national midpoint, and incomes and rents have moved upward over the last five years, supporting rent integrity and lease retention.
Built in 1987, the asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older properties. Within a 3-mile radius, projections show growth in households and higher nominal incomes through 2028, which supports a larger renter pool and potential for disciplined rent management. Investors should plan for targeted modernization and monitor any occupancy drift, but location fundamentals and employer proximity provide durable demand drivers.
- High renter concentration and elevated ownership costs support sustained multifamily demand and retention
- 1987 vintage offers competitive positioning versus older stock, with value-add via selective upgrades
- Amenity-dense Urban Core location with access to major entertainment and corporate employers
- 3-mile projections indicate household and income growth through 2028, supporting rent integrity
- Risks: neighborhood occupancy near the national middle and limited park access warrant active asset and amenity management