| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 88th | Best |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4441 Woodman Ave, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1977 |
| Units | 39 |
| Transaction Date | 1994-07-06 |
| Transaction Price | $750,000 |
| Buyer | MARIAM INC |
| Seller | SHERWOOD PROPERTIES |
4441 Woodman Ave Sherman Oaks Multifamily Opportunity
Strong renter demand and amenity-rich surroundings in Sherman Oaks support stable operations, according to WDSuite’s CRE market data. With a deep renter base and proven neighborhood liquidity, this asset offers durable occupancy foundations.
Sherman Oaks’ Urban Core setting delivers convenience that supports retention and lease-up. Neighborhood amenity density is competitive, with restaurants, grocery options, cafes, and childcare facilities placing in the top quartile nationally, reinforcing daily-life convenience for residents and reducing reliance on long commutes for essentials.
Multifamily dynamics are solid. The neighborhood’s renter-occupied share is high, indicating depth in the tenant base and consistent demand for professionally managed units. Occupancy has edged higher over the past five years, and median contract rent levels sit well above national norms, signaling pricing power for quality product while still requiring disciplined lease management.
Within a 3-mile radius, demographics point to a stable-to-growing renter pool. While population was modestly down in recent years, WDSuite data indicates an expected increase in both households and higher-income cohorts ahead, alongside smaller average household sizes—factors that can expand the addressable renter base and support occupancy stability over time.
Home values in the neighborhood are elevated relative to national benchmarks. This high-cost ownership market tends to reinforce reliance on multifamily housing, supporting tenant retention and steady demand for well-located properties.
Based on WDSuite’s CRE market data, the neighborhood compares favorably on safety versus many U.S. neighborhoods, with indicators aligning to the top quartile nationally. Recent year-over-year readings also show notable declines in both violent and property offenses, a positive trajectory for resident appeal and leasing stability. As always, conditions vary by block and over time, so investors should reference up-to-date, area-wide trends when underwriting.
Nearby entertainment and media employers help sustain a diversified renter base and commuting convenience, supporting leasing and retention for workforce and creative professionals. The key nodes below represent the most proximate anchors likely to influence local housing demand.
- Radio Disney — corporate offices (5.15 miles)
- Live Nation Entertainment — corporate offices (5.65 miles) — HQ
- Charter Communications — corporate offices (5.98 miles)
- Activision Blizzard Studios — corporate offices (6.07 miles)
- Disney — corporate offices (6.11 miles) — HQ
4441 Woodman Ave is a 39-unit asset in Sherman Oaks positioned within an amenity-dense Urban Core neighborhood where renter households are prevalent and occupancy has trended upward. Built in 1977—slightly newer than the neighborhood’s average vintage—the property can compete well against older stock, while selective modernization of building systems and common areas may unlock additional value and support rent trade-outs.
According to CRE market data from WDSuite, elevated neighborhood home values and a high renter-occupied share reinforce multifamily demand, with top-quartile access to restaurants, groceries, and services underpinning livability and retention. Within a 3-mile radius, projections point to an increase in households and higher-income segments alongside smaller household sizes—trends that can broaden the tenant base and support occupancy stability and rent growth management for larger-format units (average ~1,016 sf).
- Amenity-dense Urban Core location with top-quartile food, grocery, and services supporting retention and leasing velocity.
- High renter-occupied share and elevated home values reinforce reliance on multifamily, sustaining demand depth.
- 1977 vintage offers competitive positioning versus older stock, with potential value-add through targeted upgrades.
- 3-mile demographics indicate household growth and rising incomes, supporting occupancy stability and rent optimization.
- Risks: exposure to macro cycles and submarket price sensitivity; prudent capex and lease management remain important.