| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 88th | Best |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4318 Stern Ave, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1997 |
| Units | 27 |
| Transaction Date | 1996-04-01 |
| Transaction Price | $412,500 |
| Buyer | MALIK F SAMUEL |
| Seller | BECKERMANN CESIA |
4318 Stern Ave Sherman Oaks Multifamily Investment
This 27-unit property benefits from Sherman Oaks' strong rental market fundamentals, with neighborhood occupancy at 92.8% and elevated renter share supporting consistent demand dynamics.
Sherman Oaks ranks in the top 15% among 1,441 Los Angeles metro neighborhoods, earning an A rating for its combination of demographics, amenities, and housing fundamentals. The neighborhood maintains 92.8% occupancy with a 63.9% renter share, indicating stable rental demand in this urban core location. Built in 1997, this property aligns with the neighborhood's average construction vintage of 1974, positioning it competitively within the local housing stock.
Demographics within a 3-mile radius show 164,375 residents with a median household income of $104,570. The area maintains strong educational attainment with 45.6% of adults holding bachelor's degrees, ranking in the 99th percentile nationally. Forecasts indicate household growth of 33% through 2028, expanding the potential renter pool and supporting occupancy stability for multifamily properties.
The neighborhood offers exceptional amenity density with 40.6 restaurants per square mile and 6.8 grocery stores per square mile, both ranking in the 98th-99th percentile nationally. Contract rents average $2,101 for one-bedroom units, reflecting the area's desirability. However, elevated home values at $1.54 million median reinforce rental demand by keeping ownership costs beyond reach for many households, supporting sustained renter reliance on multifamily housing.
Sherman Oaks demonstrates strong safety metrics relative to the Los Angeles metro area. The neighborhood ranks 100th out of 1,441 metro neighborhoods for overall crime, placing it in the 86th percentile nationally. Violent crime rates are particularly low at 3.8 incidents per 100,000 residents, with a 95.6% year-over-year decline indicating improving conditions.
Property crime has also shown marked improvement, declining 79.3% over the past year while maintaining rates comparable to other high-amenity urban neighborhoods. These safety trends support tenant retention and lease renewal rates, contributing to occupancy stability for multifamily investors in the area.
The property benefits from proximity to major entertainment and corporate headquarters that anchor the regional employment base, supporting workforce housing demand for professionals across media, technology, and energy sectors.
- Radio Disney — entertainment media (5.4 miles)
- Live Nation Entertainment — live entertainment HQ (5.6 miles)
- Activision Blizzard Studios — gaming & technology (6.0 miles)
- Occidental Petroleum — energy HQ (6.2 miles)
- Disney — entertainment HQ (6.3 miles)
This Sherman Oaks property offers compelling fundamentals driven by the neighborhood's A-rated status and top-quartile demographics. According to CRE market data from WDSuite, the area maintains 92.8% occupancy with strong renter tenure at 63.9% of housing units, indicating sustained demand for multifamily housing. The 1997 construction year positions the property for potential value-add opportunities while avoiding the capital intensity of significantly older stock.
Demographic projections show household growth of 33% through 2028, expanding the potential tenant base while median incomes are forecast to increase 43.5% to $150,106. High home values at $1.54 million median reinforce rental demand by keeping ownership costs elevated relative to household incomes. The neighborhood's exceptional amenity density and proximity to major entertainment and corporate employers support tenant retention and lease renewal rates.
- A-rated neighborhood with 92.8% occupancy and strong renter share
- Forecast 33% household growth and 43.5% income increases through 2028
- 1997 construction offers value-add potential with manageable capital requirements
- High home values sustain rental demand and support pricing power
- Risk: Rent-to-income ratios may pressure affordability and renewal rates