| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 85th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15354 Weddington St, Sherman Oaks, CA, 91411, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1975 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15354 Weddington St Sherman Oaks Multifamily Investment
Positioned in a high-cost ownership pocket of Sherman Oaks where renter demand remains durable, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit in the low-90s, supporting steady leasing fundamentals for a 26-unit, 1975-vintage asset with value-add potential.
Sherman Oaks’ Urban Core location delivers daily-needs convenience—grocery, pharmacy, childcare, and restaurants register in the top quartile nationally—while park and cafe density is more limited. This mix supports resident retention and everyday livability, with the trade-off of fewer nearby green spaces and third-wave coffee options.
For investors, the ownership landscape is a meaningful tailwind: home values rank in the upper tier nationally, signaling a high-cost ownership market that reinforces reliance on rental housing and helps sustain pricing power. Median household incomes are also above national norms, while rent-to-income metrics point to manageable affordability pressure, which can aid renewal rates and reduce turnover risk.
Tenure patterns favor multifamily demand. The neighborhood shows a renter-occupied share near 60%, and within a 3-mile radius the renter concentration is approximately 64% (demographic statistics aggregated within a 3-mile radius). This depth of renter households indicates a broad tenant base and supports occupancy stability through cycles, according to WDSuite’s multifamily property research.
Vintage and product positioning offer upside. Built in 1975—slightly older than the neighborhood average vintage—this asset may benefit from targeted capital improvements and modernization to compete against newer stock. Neighborhood occupancy sits around the national middle and has eased modestly over five years, suggesting disciplined asset management and selective value-add can drive relative performance versus the Los Angeles metro.
Safety indicators are competitive among Los Angeles-Long Beach-Glendale neighborhoods, with the area performing in the top quartile among 1,441 metro neighborhoods. Nationally, the neighborhood sits above average (higher safety percentile), and recent WDSuite indicators show year-over-year declines in estimated violent and property offense rates—an encouraging directional trend for risk management and leasing stability.
As always, safety can vary by block and over time; investors typically validate on-the-ground conditions and property-level measures (lighting, access control, and management practices) as part of due diligence.
Proximity to entertainment, media, and corporate services employers supports a deep white-collar renter base and commute convenience that can aid retention. Nearby anchors include Radio Disney, Thermo Fisher Scientific, Charter Communications, Live Nation Entertainment, and Occidental Petroleum.
- Radio Disney — media (7.3 miles)
- Thermo Fisher Scientific — life sciences (7.3 miles)
- Charter Communications — telecommunications (7.4 miles)
- Live Nation Entertainment — entertainment (7.5 miles) — HQ
- Occidental Petroleum — energy (7.5 miles) — HQ
15354 Weddington St offers a 26-unit footprint in a renter-heavy pocket of Sherman Oaks where elevated ownership costs and above-average incomes underpin steady multifamily demand. Neighborhood occupancy trends sit in the low-90s—near the national middle—while the local renter pool is deep both in the immediate neighborhood and within a 3-mile radius, supporting leasing durability. Built in 1975, the property presents clear value-add and capital planning angles to enhance competitiveness versus newer Los Angeles stock.
Demographic statistics aggregated within a 3-mile radius indicate stable population, rising household counts, and smaller average household sizes over the forecast period—factors that typically expand the tenant base for smaller units and support occupancy stability. According to CRE market data from WDSuite, high home values in the area reinforce renter reliance on multifamily housing, while rent-to-income levels suggest manageable affordability pressure that can aid renewals and pricing discipline.
- High-cost ownership market supports durable rental demand and pricing power
- Renter concentrations near 60% locally and about mid-60s within 3 miles deepen the tenant base
- 1975 vintage creates value-add and modernization opportunities to drive NOI
- Neighborhood occupancy in the low-90s and above-average incomes support leasing stability
- Risks: limited nearby parks/cafes and modest occupancy softening warrant focused asset management