| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 85th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15128 Burbank Blvd, Sherman Oaks, CA, 91411, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1980 |
| Units | 29 |
| Transaction Date | 2022-01-13 |
| Transaction Price | $19,800,000 |
| Buyer | COELER PETER ANDREW |
| Seller | NASCH TUDOR GARDENS LP |
15128 Burbank Blvd Sherman Oaks Multifamily Investment
High renter concentration and a high-cost ownership market point to durable renter demand, according to WDSuite’s CRE market data. Neighborhood occupancy levels have trended near national medians, supporting stable operations with prudent lease management.
Sherman Oaks offers established Urban Core fundamentals attractive to multifamily investors. Neighborhood restaurant and grocery access is competitive among Los Angeles-Long Beach-Glendale neighborhoods, while park and café density is thinner — a mix that favors daily convenience but limits green-space adjacency. Compared with national trends, amenity access sits above average, reinforcing location appeal for working households.
Renter-occupied housing accounts for a sizable share of neighborhood units (59.4%), signaling a deep tenant base and consistent leasing activity. Neighborhood occupancy is around the national median based on CRE market data from WDSuite, which supports day-to-day stability while still rewarding attentive renewals and pricing discipline.
Within a 3-mile radius, recent years show modest population softness but a slight increase in total households, indicating smaller household sizes and continued demand for rental housing. Looking ahead to 2028, household counts within 3 miles are projected to rise meaningfully, expanding the renter pool and supporting occupancy stability.
Ownership costs are elevated compared with national norms (home values sit in the 97th percentile nationwide), which tends to sustain reliance on multifamily rentals and can aid retention and pricing power. At the same time, the neighborhood’s rent-to-income ratio trends below many coastal submarkets, suggesting manageable affordability pressure that supports renewals.
Safety indicators should be assessed in both metro and national context. Nationally, the neighborhood scores in the higher percentiles for safety, placing it in the top quintile compared with neighborhoods across the country. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the crime rank indicates comparatively more reported incidents than many local peers, so prudent security measures and resident engagement remain relevant to operations.
Recent trend signals are constructive: both violent and property offense estimates show notable year-over-year declines, according to WDSuite’s data, which supports a cautiously positive trajectory. As always, investors should pair neighborhood-level metrics with property-specific measures and historical incident trends.
Proximity to major corporate offices supports a broad white-collar employment base and commute convenience, which can aid renter demand and lease retention. Nearby anchors include telecom, media, life sciences, live entertainment, and energy headquarters.
- Charter Communications — telecom (7.0 miles)
- Radio Disney — media (7.1 miles)
- Thermo Fisher Scientific — life sciences (7.5 miles)
- Live Nation Entertainment — live entertainment (7.7 miles) — HQ
- Occidental Petroleum — energy (7.8 miles) — HQ
15128 Burbank Blvd is a 29-unit asset in Sherman Oaks positioned to benefit from a deep renter base and a high-cost ownership landscape that reinforces reliance on multifamily housing. Neighborhood occupancy trends near national medians, and rent-to-income dynamics indicate manageable affordability pressure that can support renewals and operational stability. According to CRE market data from WDSuite, local amenity access is strong for daily needs, while café and park density is more limited — an important consideration for positioning and resident experience.
Within a 3-mile radius, households have edged higher even as average household size declines, and are projected to grow further by 2028 — a setup that expands the tenant base and supports leasing velocity. Elevated home values relative to national norms and proximity to diversified employers provide additional underpinning for long-term demand, while prudent expense and capital planning remain key to sustaining NOI.
- High renter concentration supports depth of demand and stable leasing
- Neighborhood occupancy near national medians with room for disciplined pricing
- Elevated ownership costs reinforce renter reliance and potential retention
- 3-mile household growth outlook expands the renter pool through 2028
- Risks: relative metro crime positioning and thinner park/café density warrant resident-experience focus