| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 85th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15120 Magnolia Blvd, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15120 Magnolia Blvd Sherman Oaks Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy, with a high share of renter-occupied units and elevated ownership costs supporting leasing resilience, according to WDSuite’s CRE market data. Positioned in Sherman Oaks, the asset benefits from a deep tenant base typical of Los Angeles Long Beach Glendale urban neighborhoods.
Sherman Oaks offers investor-friendly demand drivers: the neighborhood posts an above-median renter concentration (share of housing units that are renter-occupied), which supports a deeper tenant pool and helps stabilize occupancy through cycles. While the neighborhood occupancy rate is roughly in line with national levels, five-year trends show modest softening, so proactive lease management remains important based on CRE market data from WDSuite.
Daily-life amenities are a relative strength. Grocery and pharmacy access score in higher national percentiles, and restaurant density is competitive for an Urban Core location. By contrast, cafes and parks are limited within the neighborhood footprint, so residents often rely on nearby submarkets for those lifestyle amenities. For investors, this mix still supports leasing, with most essentials within a short drive.
Vintage matters: the property was built in 1987, newer than the neighborhood 01980 average. That positioning can be competitive versus older local stock, though investors should budget for targeted modernization and systems upkeep typical of late-1980s construction to sustain rentability and reduce turnover risk.
Within a 3-mile radius, demographics show a large, affluent renter pool. Household counts have inched higher recently and are projected to grow further, even as average household size trends smaller—dynamics that generally expand the renter base and support occupancy stability. Elevated home values in the neighborhood (top national percentiles) create a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can aid pricing power. Rent-to-income ratios track below many coastal peers, suggesting manageable affordability pressure that can support retention.
Compared with neighborhoods nationwide, this area ranks in the top quartile for overall safety, indicating comparatively favorable conditions for residents and operators. Within the Los Angeles Long Beach Glendale metro, its crime rank places it well above the metro median among 1,441 neighborhoods, making it competitive from a safety standpoint.
Year over year, both property and violent offense estimates have improved materially, according to WDSuite 019s CRE market data. While safety can vary block to block and should be validated during due diligence, the directional trend supports leasing stability and tenant retention relative to many urban submarkets.
Proximity to major employers underpins workforce housing demand and commute convenience for residents, notably Radio Disney, Charter Communications, Live Nation Entertainment, Occidental Petroleum, and AECOM.
- Radio Disney media (6.98 miles)
- Charter Communications telecommunications (7.17 miles)
- Live Nation Entertainment entertainment (7.24 miles) HQ
- Occidental Petroleum energy (7.34 miles) HQ
- AECOM engineering & infrastructure (7.76 miles) HQ
This 24 unit asset combines a high-rent, high-earning Sherman Oaks location with a renter-heavy neighborhood, supporting a broad tenant base and resilient leasing. The 1987 vintage is slightly newer than the local average, offering competitive positioning versus older stock while leaving room for targeted value-add to meet current renter preferences. Elevated neighborhood home values point to sustained reliance on multifamily housing, and rent-to-income levels indicate manageable affordability pressure that can aid retention. According to commercial real estate analysis from WDSuite, occupancy performance is close to national norms, with modest recent softening that favors active asset management.
Forward-looking 3-mile demographics point to an increase in households and smaller average household sizes, which typically expands the renter pool and supports occupancy stability. Amenity access is anchored by grocery, pharmacy, and restaurant density, while limited parks and cafes within the immediate footprint are a neutral factor that can be offset by nearby submarket options.
- Renter-heavy neighborhood and high-cost ownership context support durable multifamily demand
- 1987 vintage positioned ahead of older local stock with selective value-add upside
- Essentials-rich amenity mix (grocery/pharmacy/restaurants) supports leasing and retention
- Risk: occupancy has softened versus five years ago; active lease and expense management is important