| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 88th | Best |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4333 Stern Ave, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1985 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4333 Stern Ave Sherman Oaks Multifamily Investment
Positioned in a high-cost ownership pocket of Sherman Oaks, this asset benefits from deep renter demand and steady neighborhood occupancy, according to WDSuite’s CRE market data. The area’s strong incomes and service-rich amenities support retention and pricing discipline for well-managed multifamily.
Sherman Oaks’ Urban Core location delivers daily-life convenience that supports leasing velocity: dense clusters of restaurants, cafes, childcare, and groceries place the neighborhood competitive among Los Angeles-Long Beach-Glendale neighborhoods on amenity access (ranked 438 out of 1,441). Nationally, food and daily-needs access scores in the upper percentiles, which tends to reduce friction in household location decisions and sustain renter appeal.
Neighborhood occupancy has held in a stable range with a modest five-year uptick, and the area posts a high share of renter-occupied housing (95th percentile nationally). For investors, that renter concentration points to a deep tenant base and generally reliable re-leasing prospects, while the neighborhood’s rent-to-income profile (low national percentile) indicates comparatively lower affordability pressure that can aid retention.
The property’s 1985 vintage is newer than the neighborhood’s average construction year (1974). That positioning helps competitiveness versus older stock while still warranting underwriting for targeted modernization of building systems and common areas to meet current renter expectations.
Within a 3-mile radius, recent years show slight population softness but resilient household counts; WDSuite’s data indicate a forecast increase in households alongside smaller average household sizes by 2028. For multifamily, this trend typically expands the renter pool and supports occupancy stability even if population growth is modest. Elevated home values (top national percentiles) signal a high-cost ownership market that reinforces reliance on rentals and can support pricing power for quality units.
Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood ranks among the safer areas (crime rank 100 out of 1,441). Nationally, safety metrics are in the upper percentiles, indicating stronger comparative conditions than many U.S. neighborhoods.
According to WDSuite’s data, both violent and property offense rates have improved year over year, with violent incidents trending in the upper national safety percentiles. For investors, the directional improvement reduces a potential drag on leasing and supports long-run renter demand without relying on block-level conclusions.
Proximity to major media, entertainment, telecom, and energy employers underpins a diversified white-collar renter base and supports retention through commute convenience. The following nearby employers anchor demand in the submarket:
- Radio Disney — corporate offices (5.39 miles)
- Live Nation Entertainment — entertainment — HQ (5.62 miles)
- Activision Blizzard Studios — media & gaming (6.03 miles)
- Charter Communications — telecom (6.24 miles)
- Occidental Petroleum — energy — HQ (6.24 miles)
This 38-unit, 1985-vintage asset sits in a renter-oriented Sherman Oaks location with strong household incomes, top-tier home values, and dense daily amenities. Based on CRE market data from WDSuite, neighborhood occupancy has been steady with a slight upward trend, while a high renter-occupied share signals depth in the tenant base. The property’s vintage is newer than the local average, offering competitive positioning versus older stock and potential value-add through targeted modernization.
Within a 3-mile radius, forecasts point to growth in households and smaller household sizes by 2028, which typically expands the renter pool and supports lease-up and retention. Elevated ownership costs in the immediate area sustain reliance on multifamily housing, and strong employer proximity provides a durable source of demand. Risks to underwrite include limited nearby parks and pharmacies and pockets of historical population softness, offset by service-rich amenities and household growth projections.
- Renter-driven submarket with steady occupancy and high renter-occupied share supporting demand depth
- 1985 vintage newer than area average; scope for targeted system upgrades and common-area refresh
- Service-rich location (food, childcare, groceries) competitive among Los Angeles neighborhoods
- 3-mile outlook shows household growth and smaller household sizes, supporting renter pool expansion
- Watch factors: limited immediate park/pharmacy access and modest historical population softness