| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4251 Fulton Ave, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1999 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4251 Fulton Ave Sherman Oaks Multifamily Investment
This 24-unit property sits in a neighborhood ranking in the top quartile nationally for overall investment fundamentals, with strong renter demand supported by 61% rental occupancy and proximity to major entertainment industry employers, according to CRE market data from WDSuite.
Sherman Oaks presents an A+ rated neighborhood ranking 49th among 1,441 metro neighborhoods, placing it in the top quartile nationally for overall investment metrics. The area demonstrates strong rental fundamentals with 61% of housing units occupied by renters, well above national averages and indicative of sustained multifamily demand. Neighborhood-level occupancy rates of 92.9% reflect stable tenant retention, though this metric has shown modest fluctuation over recent years.
Built in 1999, this property aligns with the neighborhood's average construction vintage of 1986, positioning it as relatively newer stock that may require less immediate capital expenditure compared to older inventory. The area's median contract rent of $2,205 ranks in the 94th percentile nationally, reflecting strong pricing power, though investors should monitor affordability pressures given the rent-to-income ratio dynamics in this high-cost market.
Demographics within a 3-mile radius show a stable population base of approximately 161,000 residents, with forecasts indicating modest population growth to 167,000 by 2028. Household income projections suggest continued strength, with median incomes expected to rise from $106,000 to $148,000 over the next five years. The area's high concentration of college-educated residents (39% with bachelor's degrees, ranking 96th percentile nationally) supports employment stability and rental demand sustainability.
Amenity density enhances tenant appeal, with the neighborhood ranking in the 77th percentile nationally for overall amenities. Restaurant concentration of 22.45 per square mile places the area in the 97th percentile, while childcare facilities and grocery access support family-oriented renters. The urban core designation reflects walkability and transit connectivity that many tenants prioritize.
Safety metrics present a mixed but generally favorable picture for this Sherman Oaks location. The neighborhood ranks 124th out of 1,441 metro neighborhoods for overall crime, placing it in the 85th percentile nationally and indicating above-average safety conditions compared to other urban markets.
Violent crime rates are particularly low, with the area ranking in the top decile (10th out of 1,441 neighborhoods) and achieving the 88th percentile nationally. Property crime rates are more moderate, ranking around the metro median. Notably, both violent and property crime trends show significant year-over-year improvement, with violent offenses declining 98% and property crimes down nearly 80%, though investors should view these dramatic changes cautiously as they may reflect reporting variations or statistical anomalies rather than sustained trends.
The property benefits from proximity to major entertainment and media industry employers, providing workforce housing for professionals in one of Los Angeles' key economic sectors.
- Radio Disney — media and entertainment (4.7 miles)
- Live Nation Entertainment — live entertainment and ticketing (5.3 miles) — HQ
- Disney — entertainment and media (5.6 miles) — HQ
- Charter Communications — telecommunications (5.7 miles)
- Activision Blizzard Studios — gaming and entertainment (5.7 miles)
This Sherman Oaks property offers exposure to a top-tier Los Angeles submarket with strong rental fundamentals and demographic stability. The neighborhood's A+ rating and top quartile national ranking reflect sustained demand drivers, including high educational attainment, proximity to entertainment industry employment, and urban amenities that attract quality tenants. Commercial real estate analysis from WDSuite indicates the area maintains above-average occupancy rates and rent levels, though investors should monitor affordability pressures in this high-cost market.
Built in 1999, the property's vintage positions it favorably within the neighborhood's building stock, potentially requiring less immediate capital investment than older inventory while still offering value-add opportunities. Projected household income growth of 40% over five years, combined with expected population increases, supports continued rental demand. However, the area's high home values and elevated rent-to-income ratios warrant careful lease management and retention strategies.
- Top quartile neighborhood ranking nationally with A+ investment rating
- Strong rental market with 61% renter occupancy and stable demand fundamentals
- Proximity to major entertainment industry employers supporting workforce housing demand
- 1999 construction year offers modern amenities with manageable capital requirements
- Risk consideration: High rent-to-income ratios may pressure tenant retention and require active lease management