| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 85th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15222 Magnolia Blvd, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1979 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15222 Magnolia Blvd, Sherman Oaks Multifamily Thesis
Large floor plans and a deep, high-income renter base support durable leasing fundamentals, according to WDSuite’s CRE market data.
Sherman Oaks’ Urban Core setting combines daily convenience with investor-relevant fundamentals. Grocery and pharmacy access register strong versus national peers (both near the upper deciles), while café density and park acreage are comparatively limited. Within Los Angeles, overall amenities place the neighborhood above the metro median (rank 602 of 1,441), aiding day-to-day livability that can support tenant retention.
Renter-occupied housing is a defining feature: neighborhood renter concentration is roughly six in ten units, indicating a sizable tenant base and steady multifamily demand. Within a 3-mile radius, households are edging higher and average household size is trending smaller over time, expanding the renter pool and supporting occupancy stability rather than new-unit formation.
Pricing context favors rentals. Home values sit in a high-cost ownership market (around the 97th percentile nationally), which tends to reinforce reliance on multifamily housing and can support lease retention. At the same time, neighborhood rent-to-income levels track on the lower side nationally, a combination that can temper affordability pressure and reduce turnover risk for well-managed assets.
Demographic quality is a strength: the neighborhood’s profile ranks competitively in the LA metro (108 of 1,441; top quartile nationally), and degree attainment sits among the highest percentiles nationwide. These dynamics, paired with above-median housing and amenity standing, create favorable conditions for stabilized occupancy and selective rent growth when finishes are competitive.
Safety indicators are comparatively favorable in a national context and improving. The area sits around the 82nd percentile nationally for safety, and both violent and property offenses show sharp year-over-year reductions. Within the Los Angeles metro, the neighborhood ranks 167 out of 1,441 on crime (lower ranks indicate more reported incidents), so standard urban risk controls remain prudent for leasing and retention.
For investors, the net read is a location that compares well nationally with improving trends, while warranting routine property-level measures typical for urban LA assets.
Proximity to major entertainment, media, life sciences, and energy employers helps anchor renter demand and commute convenience, including Radio Disney, Charter Communications, Live Nation Entertainment, Occidental Petroleum, and Thermo Fisher Scientific.
- Radio Disney — corporate offices (7.1 miles)
- Charter Communications — telecom & media offices (7.3 miles)
- Live Nation Entertainment — entertainment (7.3 miles) — HQ
- Occidental Petroleum — energy (7.4 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (7.5 miles)
Built in 1979, the property is slightly older than the neighborhood average, pointing to targeted capital planning and value-add potential where interiors or systems trail current renter expectations. At roughly 1,400 square feet on average, units are materially larger than typical LA apartments, enabling family and roommate demand and supporting pricing power when finishes are competitive.
According to CRE market data from WDSuite, neighborhood occupancy sits in the low 90s with a renter-occupied share near the low-60s, while a 3-mile radius shows rising household counts alongside smaller household sizes—an outlook that expands the renter pool and supports leasing stability. High ownership costs locally reinforce multifamily reliance, and rising incomes in the surrounding area strengthen the case for well-executed renovations and unit repositioning.
- Large floor plans (~1,400 sf avg) support family/roommate demand and rent positioning
- High-cost ownership market sustains renter reliance and can aid retention
- Renter concentration and nearby employers underpin depth of tenant base
- Value-add path: 1979 vintage suggests selective upgrades for NOI growth
- Risk: amenity gaps (parks/cafés) and urban safety variability call for active management