| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 85th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15328 Albers St, Sherman Oaks, CA, 91411, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1973 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15328 Albers St Sherman Oaks Multifamily Investment
Stabilized renter demand in a high-cost ownership pocket of Sherman Oaks supports consistent leasing, according to WDSuite's CRE market data. Neighborhood occupancy tends to hold in the low-90s with a majority of units renter-occupied, pointing to a broad tenant base.
Sherman Oaks' Urban Core setting combines daily conveniences with strong household fundamentals relative to the Los Angeles-Long Beach-Glendale metro. Amenity access trends slightly above national norms (around the 60th percentile), with grocery and pharmacy density competitive among metro neighborhoods. Restaurant density also outperforms national averages, signaling walkable options that can aid resident retention and leasing velocity.
Renter-occupied housing comprises a sizable share of neighborhood units (among the higher concentrations nationally), which deepens the tenant pool and supports occupancy stability. Neighborhood occupancy generally sits near the metro middle, suggesting steady demand without signs of oversupply. Median contract rents are elevated versus national levels, consistent with an affluent Los Angeles submarket, while the area's high-cost ownership market sustains reliance on multifamily housing and helps underpin pricing power.
Within a 3-mile radius, WDSuite's data shows households have inched higher even as population has been roughly flat to slightly down in recent years, implying smaller average household sizes and stable apartment demand. Looking forward, projections indicate modest population growth and a more noticeable increase in household count over the next five years, which typically supports a larger tenant base and leasing resilience for well-managed assets.
Vintage is a consideration: the property's 1973 construction precedes the neighborhood's average 1980 stock, creating potential value-add and capital planning opportunities. Targeted renovations and system updates can enhance competitiveness versus newer product while capturing demand from a well-educated renter base that ranks in the top decile nationally.
Safety trends compare favorably in broader context. The neighborhood's crime profile sits in the stronger tier nationally (around the 82nd percentile for safety), and it performs well within the Los Angeles metro. According to WDSuite's data, both violent and property offense rates have posted notable year-over-year declines, which supports renter confidence and can aid renewal rates.
As with any urban-core location, conditions can vary by block and over time. Investors should evaluate on-the-ground patterns and property-level security measures alongside these comparative indicators to calibrate leasing strategy and expense planning.
Proximity to major employment centers supports commuter convenience and multifamily demand, notably across media/entertainment, life sciences, telecommunications, live events, and energy employers listed below.
- Radio Disney — media & entertainment (7.3 miles)
- Thermo Fisher Scientific — life sciences (7.3 miles)
- Charter Communications — telecommunications (7.3 miles)
- Live Nation Entertainment — live events & entertainment (7.7 miles) — HQ
- Occidental Petroleum — energy (7.8 miles) — HQ
15328 Albers St offers a manageable 22-unit footprint in a Los Angeles submarket where renter concentration is high and ownership costs are elevated, supporting depth of demand and pricing power. According to CRE market data from WDSuite, neighborhood occupancy trends around the metro middle while median contract rents track well above national levels, indicating steady absorption and the potential for disciplined revenue management rather than aggressive concessions.
Built in 1973, the asset is older than the neighborhood's average vintage, positioning it for targeted value-add through interior upgrades and building-system improvements to compete with newer stock. Within a 3-mile radius, household counts are expected to rise over the next five years, expanding the renter pool and supporting occupancy stability; pairing this demand with thoughtful capex can enhance cash flow durability. Key watch items include maintaining retention amid elevated rents and executing renovations without disrupting income.
- High renter-occupied share and elevated ownership costs reinforce multifamily demand and renewal potential.
- 1973 vintage offers value-add levers via interior upgrades and system modernization to improve competitive positioning.
- Household growth within 3 miles supports a larger tenant base and occupancy stability over the medium term.
- Revenue management focus favored over concessions as neighborhood rents benchmark above national levels.
- Risk: Neighborhood occupancy has edged down over the past five years; underwriting should account for potential leasing friction during renovations.