| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 85th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15357 Magnolia Blvd, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 2009 |
| Units | 99 |
| Transaction Date | 2005-07-19 |
| Transaction Price | $613,000 |
| Buyer | GREENE MARGARET GARTH STEINERT |
| Seller | 15357 MAGNOLIA ASSOCIATES LLC |
15357 Magnolia Blvd Sherman Oaks Multifamily Investment
2009 construction in an Urban Core pocket where elevated ownership costs sustain renter demand, according to WDSuite’s CRE market data. Newer vintage versus the neighborhood’s older stock supports competitive positioning and resident retention.
Located in Sherman Oaks within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries an A rating and ranks 198 out of 1,441 metro neighborhoods, making it competitive among Los Angeles-Long Beach-Glendale neighborhoods. The area skews Urban Core, with strong access to daily needs: grocery, pharmacy, and restaurant density track in the higher national percentiles, while cafes and park space are more limited. School ratings are not available in this dataset.
From an income and pricing standpoint, the neighborhood reflects a high-cost ownership market. Home values sit in the upper national percentiles and the value-to-income ratio is elevated; together these dynamics tend to reinforce reliance on multifamily housing and can support pricing power. By contrast, the rent-to-income ratio sits closer to the national middle, suggesting manageable affordability pressure that can aid lease retention.
Renter-occupied housing accounts for a sizable share of units at the neighborhood level (59.4% renter concentration), indicating depth in the tenant base. Neighborhood occupancy is 91.8% (neighborhood-level occupancy), roughly around the national midpoint and modestly softer over five years, calling for active lease management but still consistent with stable Urban Core demand, based on CRE market data from WDSuite.
Construction trends matter for competitive positioning: the average neighborhood vintage is 1980, so a 2009 asset offers a newer profile than much of the local stock. That typically reduces near-term capital needs for exterior and systems work and can improve leasing velocity versus older comparables, while still leaving room for targeted interior upgrades over a hold.
Demographics aggregated within a 3-mile radius show household counts edging higher even as population has been roughly flat to slightly down in recent years, implying smaller household sizes and a steady renter pool. Looking ahead, projections point to further increases in households and higher incomes, which can support demand for professionally managed rentals and occupancy stability.
Safety indicators point favorably at the national level: the neighborhood sits in the top quartile nationally for overall safety, with violent and property offense measures comparing well to many neighborhoods across the country. Within the metro, conditions vary by subarea, and investors should underwrite to property-level security and operations rather than block-level assumptions.
Recent WDSuite trend data shows notable year-over-year declines in estimated violent and property offenses for the neighborhood, a positive directional signal. As always, compare these trends with on-the-ground diligence and management practices to sustain resident confidence and retention.
Proximity to major media, energy, and corporate services employers supports a deep commuter tenant base and can aid retention for workforce and professional households. Nearby anchors include Radio Disney, Thermo Fisher Scientific, Occidental Petroleum, Live Nation Entertainment, and Charter Communications.
- Radio Disney — corporate offices (7.3 miles)
- Thermo Fisher Scientific — corporate offices (7.3 miles)
- Occidental Petroleum — corporate offices (7.4 miles) — HQ
- Live Nation Entertainment — corporate offices (7.4 miles) — HQ
- Charter Communications — corporate offices (7.5 miles)
15357 Magnolia Blvd offers a 2009 vintage in a high-cost ownership pocket of Sherman Oaks where renter reliance is durable and neighborhood renter concentration is substantial. Neighborhood occupancy sits around the national midpoint and has eased slightly over five years, but demand is supported by strong local incomes, deep amenity access for daily needs, and a competitive position versus older 1980s-era stock. According to commercial real estate analysis from WDSuite, national-percentile indicators for amenities and safety are favorable, while ownership costs remain elevated—conditions that typically support tenant retention and steady leasing.
Within a 3-mile radius, households have grown despite flat-to-slightly lower population, pointing to smaller household sizes and a stable-to-expanding renter pool. Forward-looking projections indicate rising household counts and incomes, aligning with sustained demand for professionally managed multifamily. Investors should still account for potential softening in occupancy and selective capital to keep interiors competitive.
- Newer 2009 construction versus older local stock supports competitive leasing and moderated near-term capex
- High-cost ownership market reinforces multifamily demand and pricing power potential
- Strong national-percentile standing for daily-needs amenities and safety supports resident satisfaction
- 3-mile household growth and rising incomes point to a stable renter pool and occupancy resilience
- Risk: neighborhood occupancy has eased over five years; plan for active lease management and targeted upgrades