| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4434 Fulton Ave, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 2020-09-25 |
| Transaction Price | $2,085,000 |
| Buyer | TAN ANTONIUS Y |
| Seller | TAN ANTONIUS Y |
4434 Fulton Ave Sherman Oaks Multifamily Investment
This 20-unit property benefits from Sherman Oaks' strong rental demand fundamentals, with neighborhood-level occupancy rates above 90% and premium rental rates reflecting the area's desirability according to CRE market data from WDSuite.
Sherman Oaks ranks in the top quartile among 1,441 metro neighborhoods with an A+ rating, reflecting exceptional fundamentals for multifamily investment. The neighborhood achieves a 92.9% occupancy rate with median contract rents of $2,205, positioning 40% above typical metro levels. With 61.1% of housing units occupied by renters, the area maintains consistent rental demand depth.
Demographics within a 3-mile radius support stable tenant fundamentals, with median household income of $103,000 and 39% of residents holding bachelor's degrees. The area ranks in the 96th percentile nationally for education levels. Population projections indicate 2.2% growth through 2028, expanding the renter pool and supporting occupancy stability.
Built in 1987, this property aligns with neighborhood construction patterns and offers potential value-add opportunities through strategic renovations. The submarket benefits from strong amenity density, ranking in the 77th percentile nationally, with extensive dining options and childcare facilities that enhance tenant retention appeal.
Home values averaging $1.4 million reinforce rental demand by keeping ownership costs elevated relative to rental alternatives. This dynamic sustains renter reliance on multifamily housing and supports lease renewal rates in the submarket.
Sherman Oaks demonstrates strong safety metrics compared to regional benchmarks, ranking in the 85th percentile nationally for overall crime performance. Violent crime rates are exceptionally low at 2.6 incidents per 100,000 residents, placing the neighborhood in the top decile among 1,441 metro neighborhoods.
Property crime trends show meaningful improvement, with recent data indicating a 79.7% decline year-over-year. This improvement trajectory ranks in the 98th percentile nationally for crime reduction, reflecting enhanced neighborhood conditions that support tenant retention and leasing velocity.
The property benefits from proximity to major entertainment and technology employers that anchor the regional workforce and support consistent rental demand.
- Radio Disney — media and entertainment (4.6 miles)
- Live Nation Entertainment — entertainment services (5.5 miles) — HQ
- Charter Communications — telecommunications (5.6 miles)
- Disney — entertainment and media (5.6 miles) — HQ
- Activision Blizzard Studios — gaming and technology (5.9 miles)
This Sherman Oaks property offers compelling fundamentals driven by neighborhood-level occupancy above 92% and premium rental rates that reflect sustained demand from high-income renters. The 1987 construction year presents value-add opportunities through strategic renovations, while the submarket's A+ rating and top-quartile performance among metro neighborhoods provide downside protection.
Demographics within a 3-mile radius indicate population growth of 2.2% through 2028, expanding the tenant base while household income projections support rent growth potential. According to multifamily property research from WDSuite, the combination of elevated home values and strong rental demand fundamentals creates a stable operating environment for long-term investors.
- Neighborhood occupancy above 92% with premium rental rates
- Value-add potential through strategic renovations of 1987 vintage
- Population growth supporting expanded renter pool through 2028
- High home values sustaining rental demand fundamentals
- Risk consideration: Premium market positioning requires active lease management