| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15301 Valley Vista Blvd, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1986 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15301 Valley Vista Blvd Sherman Oaks Multifamily Investment
In a high-cost ownership pocket of Sherman Oaks, renter demand is supported by strong incomes and a deep tenant base, according to WDSuite’s CRE market data. Neighborhood occupancy is stable and amenity access is extensive, favoring lease retention and long-term positioning.
Sherman Oaks’ Urban Core setting offers dense amenity coverage that supports renter convenience and leasing velocity. Restaurants, cafes, groceries, and pharmacies score in the upper national percentiles, and the neighborhood ranks competitive among Los Angeles neighborhoods (66 of 1,441) on overall fundamentals. While park acreage is limited locally, daily-needs retail density helps offset that for many renters.
The housing stock skews renter-occupied, with the neighborhood’s renter concentration in the upper tail nationally (97th percentile). For investors, that depth of renter demand translates into a larger tenant funnel and supports occupancy stability at the neighborhood level. Median contract rents run high for the metro and have grown meaningfully over five years, while the rent-to-income ratio trends lower than many U.S. neighborhoods (9th percentile), suggesting manageable affordability pressure that can aid retention.
Home values sit near the top of national comparisons (98th percentile). In investment terms, a high-cost ownership market often sustains reliance on multifamily housing and can reinforce pricing power during renewals. Neighborhood NOI per unit benchmarks also track in the upper national range (88th percentile), consistent with strong income potential where well-managed assets compete effectively.
Demographic statistics aggregated within a 3-mile radius indicate steady household counts with rising incomes and a forecasted increase in both population and households over the next five years. That outlook implies a gradually expanding renter pool and supports forward leasing confidence without relying on aggressive rent assumptions, based on commercial real estate analysis from WDSuite.
Vintage matters: the property’s 1986 construction is newer than the neighborhood’s average 1975 vintage. For investors, that typically confers relative competitiveness versus older stock, while still warranting targeted modernization or systems updates as part of capital planning.
Safety indicators compare favorably in a metro context and are solid versus national benchmarks. The neighborhood’s crime ranking sits above the metro median (359 of 1,441), and overall safety performance aligns with an upper-tier national percentile. Violent offense metrics are comparatively favorable nationally, while property incidents are nearer the middle of national peers but have improved sharply year over year, according to WDSuite’s CRE market data.
For investors, the directional trend—particularly the recent decline in estimated offense rates—supports renter retention and leasing narratives. As always, crime patterns vary by block and over time; underwriting should incorporate current, property-level security considerations and comparable submarket data.
Proximity to major Westside and Valley employers underpins renter demand through short commutes and diverse office clusters. Nearby anchors include Occidental Petroleum, Live Nation Entertainment, Activision Blizzard Studios, AECOM, and Thermo Fisher Scientific.
- Occidental Petroleum — energy HQ (6.3 miles) — HQ
- Live Nation Entertainment — entertainment HQ (6.5 miles) — HQ
- Activision Blizzard Studios — media & gaming offices (6.8 miles)
- AECOM — engineering & infrastructure HQ (6.9 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (7.6 miles)
This 62-unit asset offers scale in a renter-heavy Sherman Oaks neighborhood where elevated ownership costs reinforce multifamily demand. Neighborhood occupancy is steady, amenity access is strong, and the 3-mile trade area shows rising incomes with projected gains in households and population—signals that support tenant retention and measured rent growth. The 1986 vintage is newer than the area’s average stock, suggesting relative competitiveness versus older assets, though investors should plan for targeted modernization and building systems updates.
According to CRE market data from WDSuite, the neighborhood’s renter concentration ranks high nationally while the rent-to-income ratio trends comparatively low, a combination that can support leasing stability. High median home values reduce competition from entry-level ownership, and proximity to diverse employment nodes broadens the renter base across income tiers.
- Renter-heavy neighborhood with strong incomes supports a deep tenant base and occupancy stability
- High ownership costs sustain reliance on rentals, aiding pricing power at renewals
- 1986 vintage offers competitive positioning versus older stock, with value-add via selective upgrades
- Amenity-dense location near major employers supports leasing velocity across unit types
- Risks: limited park access locally and mid-pack property crime metrics warrant asset-level mitigation