| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15215 Dickens St, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15215 Dickens St Sherman Oaks Multifamily Opportunity
Neighboring blocks show a high renter concentration and strong daily-need amenities that support multifamily demand, according to WDSuite’s CRE market data. Investors can target steady leasing in a high-cost ownership pocket of Sherman Oaks while monitoring neighborhood occupancy normalization.
Sherman Oaks’ Urban Core setting places the property within a neighborhood that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods, based on overall score and livability indicators. Dining density is a standout (restaurants and cafes both among the highest national percentiles), complemented by abundant groceries and pharmacies, which supports retention and minimizes drive times for residents.
The 1987 vintage is newer than the neighborhood’s average construction year (1975), positioning the asset competitively versus older stock while still warranting typical system updates over a hold. For multifamily demand, the neighborhood’s renter-occupied share is elevated (top national percentiles), indicating a deep tenant base and consistent leasing velocity for well-managed units.
Within a 3-mile radius, household incomes skew higher and have trended upward, and households are projected to increase through 2028 even as average household size edges lower. This points to a larger tenant base and more one- to two-person households entering the market, supporting occupancy stability and absorption for appropriately sized floor plans.
Home values in the neighborhood sit in the upper national percentiles, creating a high-cost ownership market that reinforces reliance on multifamily housing. At the same time, neighborhood rent-to-income levels land near the national middle, which can aid lease retention and reduce turnover risk when paired with disciplined rent setting and resident experience.
Neighborhood safety trends compare favorably to national norms: overall crime is safer than a majority of neighborhoods nationwide, and violent-offense levels sit above the national midpoint. Property-related offenses track closer to the national middle but have shown notable year-over-year improvement, which supports resident perception and renewal conversations.
As with any dense Los Angeles sub-area, safety can vary by block and time of day. Investors typically emphasize lighting, access control, and community standards to sustain leasing performance and mitigate risk as conditions evolve.
Major employment nodes within an easy commute include energy, live entertainment, engineering, and media—drivers that help sustain a diverse renter base and weekday occupancy. The list below highlights nearby anchors likely to influence leasing and retention.
- Occidental Petroleum — energy (6.5 miles) — HQ
- Live Nation Entertainment — live entertainment (6.6 miles) — HQ
- Activision Blizzard Studios — media & gaming (6.9 miles)
- AECOM — engineering & infrastructure (7.0 miles) — HQ
- Radio Disney — media (7.0 miles)
This 24-unit, 1987-vintage asset benefits from a high-demand, renter-heavy Sherman Oaks location with strong daily-need amenities and an ownership market priced well above national norms—factors that support steady tenant demand and renewal potential. According to CRE market data from WDSuite, neighborhood rents and incomes sit in supportive ranges for lease management, while dining and service density provide lifestyle value that helps reduce churn.
Relative to older local stock, the vintage offers competitive positioning with potential to capture incremental rent through targeted modernization. Forward-looking 3-mile demographics point to growth in households and a slight shift toward smaller household sizes, expanding the renter pool and supporting occupancy stability over a longer hold, while acknowledging that neighborhood occupancy has eased from prior peaks.
- Renter-heavy neighborhood and high-cost ownership context reinforce demand depth and lease retention.
- 1987 vintage competes well versus older stock, with upside from focused renovations and systems updates.
- Amenity-rich Urban Core location (food, grocery, pharmacy) supports absorption and resident stickiness.
- 3-mile household growth and smaller household sizes expand the tenant base over the forecast period.
- Risk: neighborhood occupancy has normalized from earlier highs; prudent leasing and renewals remain key.