| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 85th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15144 Burbank Blvd, Sherman Oaks, CA, 91411, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1980 |
| Units | 29 |
| Transaction Date | 1996-10-23 |
| Transaction Price | $3,300,000 |
| Buyer | NASCH JULIUS |
| Seller | GLENDALE FEDERAL BANK FSB |
15144 Burbank Blvd Sherman Oaks Multifamily Investment
Renter demand is supported by a majority of neighborhood housing units being renter-occupied and home values that make ownership a high-cost alternative, according to WDSuite’s CRE market data. Occupancy trends are near the national middle, suggesting stable leasing with careful asset management.
Positioned in Sherman Oaks’ Urban Core, the property benefits from a neighborhood rated A and ranked 198 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods — top quartile in the metro. This translates to competitive fundamentals for multifamily, with household incomes above national norms and a deep renter base supporting absorption and retention.
Amenities tilt toward daily-needs convenience: grocery and pharmacy access score well versus national peers, while restaurants are reasonably dense. Park and café density is thinner locally, so on-site and nearby private amenities can play a larger role in resident satisfaction and leasing.
Neighborhood occupancy sits around the national median and has softened modestly over five years, a dynamic that rewards disciplined operations and effective renewals. A high renter concentration at the neighborhood level signals depth in the tenant pool and supports leasing visibility for small and mid-sized assets.
Within a 3-mile radius, demographics indicate a diversified age mix and steady household growth, with median incomes rising and rents trending upward. This points to a broader renter pool expansion and supports pricing power for well-managed properties, based on commercial real estate analysis from WDSuite.
Home values rank in the upper tier nationally, creating a high-cost ownership market that tends to reinforce reliance on rental housing. For investors, that backdrop can bolster lease retention and limit move-outs to ownership, particularly for professionally managed, well-located assets.
Safety indicators are comparatively favorable: the neighborhood ranks well versus the Los Angeles-Long Beach-Glendale metro and sits in a higher national safety percentile. Recent data also show notable year-over-year declines in both property and violent offense estimates, according to WDSuite, which supports resident retention and leasing stability without overreaching on block-level claims.
Proximity to major corporate offices supports a steady, professional renter base and commute-friendly living. Nearby employers span media, energy, entertainment, and life sciences — the same mix reflected below.
- Charter Communications — telecommunications (7.1 miles)
- Radio Disney — media (7.1 miles)
- Thermo Fisher Scientific — life sciences (7.5 miles)
- Live Nation Entertainment — entertainment (7.7 miles) — HQ
- Occidental Petroleum — energy (7.8 miles) — HQ
This 29-unit asset is positioned in a top-quartile Los Angeles metro neighborhood with strong daily-needs access and a renter-heavy housing stock that deepens the tenant base. Neighborhood occupancy trends are around the national middle, while elevated home values in Sherman Oaks point to sustained reliance on rentals and potential support for rent growth with effective lease management.
Within a 3-mile radius, households and incomes are trending upward, expanding the renter pool and reinforcing demand for professionally managed units. According to CRE market data from WDSuite, crime indicators have improved year over year, and neighborhood restaurants, grocery, and pharmacy access compare well nationally — balancing lighter park and café density.
- Top-quartile metro location with competitive renter fundamentals
- Majority renter-occupied neighborhood supports demand depth and leasing visibility
- High-cost ownership market reinforces rental reliance and potential retention
- Improving safety metrics and strong daily-needs access aid tenant retention
- Risk: occupancy near the national median and lighter park/café density require disciplined asset and amenity strategy