| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15102 Dickens St, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1985 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15102 Dickens St Sherman Oaks Multifamily Investment
Renter demand is deep at the neighborhood level, supporting leasing durability, according to WDSuite’s CRE market data. Strong local amenities and a high renter-occupied share point to a broad tenant base for stabilized operations.
Sherman Oaks offers a strong daily-needs ecosystem with dense dining and services nearby. Restaurant and cafe density ranks competitively among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, indicating top-quartile access to food and beverage options, and pharmacy availability ranks near the top of the metro. This convenience supports resident retention and reduces friction for lease-up.
The property s 1985 vintage is newer than the neighborhood s average construction year (1975), which can provide a relative competitive edge versus older stock. Investors should still plan for targeted modernization of systems and finishes to maintain positioning and capture value-add upside.
Unit tenure skews toward renters at the neighborhood level (renter-occupied share is elevated), which supports a deeper tenant pool and steadier multifamily demand. Neighborhood occupancy is roughly in line with national norms and has softened over the past five years, suggesting the need for active leasing and renewal management rather than outsized concessions.
Within a 3-mile radius, demographics point to a resilient renter base: households have been edging higher and are projected to continue growing while average household size trends lower. Combined with higher incomes and rising contract rents in the radius, this indicates a larger tenant base and supports occupancy stability for well-managed assets.
Ownership costs are elevated in this submarket relative to incomes, and median home values are high. That dynamic tends to sustain reliance on rental housing, which can support pricing power and lease retention for well-amenitized multifamily assets.
Based on WDSuite s data, the neighborhood s crime profile is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 359 of 1,441), and it sits around the 76th percentile for safety compared with neighborhoods nationwide. Recent trend data shows notable year-over-year reductions in both violent and property offenses, which supports operational predictability without implying block-level conclusions.
Investors should continue to monitor trend direction at the neighborhood scale rather than single intersections, comparing rolling 12-month patterns to the broader metro. Stable or improving safety conditions can aid renewal rates and reduce non-rent costs tied to security.
Proximity to major employers anchors demand from professionals seeking commute convenience. Nearby corporate offices include Occidental Petroleum, Live Nation Entertainment, Activision Blizzard Studios, Radio Disney, and AECOM, supporting a steady white-collar renter base.
- Occidental Petroleum — energy (6.46 miles) — HQ
- Live Nation Entertainment — entertainment (6.47 miles) — HQ
- Activision Blizzard Studios — gaming & media (6.82 miles)
- Radio Disney — media (6.90 miles)
- AECOM — engineering & infrastructure (6.92 miles) — HQ
15102 Dickens St sits in a high-amenity pocket of Sherman Oaks with strong renter concentration and a service-rich streetscape that supports retention and lease-up. The 1985 construction is newer than the neighborhood average, offering a competitive position versus older inventory while leaving room for selective upgrades to capture value-add upside. Elevated home values in the area reinforce sustained reliance on multifamily housing, and, according to CRE market data from WDSuite, neighborhood occupancy is around national norms, pointing to steady operations when paired with proactive leasing.
Within a 3-mile radius, households are projected to increase as average household size trends lower, expanding the renter pool over the medium term. Dense dining and daily-needs access add to livability, while proximity to multiple corporate hubs supports a consistent pipeline of professional renters. Execution focus should remain on renewal economics and targeted capex that keeps the asset competitive as the submarket continues to evolve.
- Newer 1985 vintage versus local average supports competitive positioning with room for value-add.
- High-cost ownership market sustains multifamily demand and pricing power.
- Amenity-dense location and access to major employers underpin tenant retention.
- Demographic tailwinds within 3 miles point to a larger renter base and stable occupancy.
- Risk: Neighborhood occupancy has softened in recent years; active lease management is important.