| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4474 Woodman Ave, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1998 |
| Units | 20 |
| Transaction Date | 2010-03-01 |
| Transaction Price | $369,503 |
| Buyer | FRIEDKIN REALTY MANAGEMENT GROUP INC |
| Seller | COHEN SAM W |
4474 Woodman Ave Sherman Oaks Multifamily Investment
This 20-unit property benefits from Sherman Oaks' high renter concentration and elevated home values that sustain rental demand, with neighborhood-level occupancy rates maintaining stability according to WDSuite's CRE market data.
Sherman Oaks demonstrates strong fundamentals for multifamily investment, ranking 49th among 1,441 Los Angeles metro neighborhoods with an A+ rating. The area maintains a 61.1% renter-occupied housing share (94th percentile nationally), indicating deep rental demand that supports occupancy stability. Neighborhood-level occupancy sits at 92.9%, providing a solid foundation for lease management.
The property's 1998 construction year aligns closely with the neighborhood average of 1986, reducing capital expenditure concerns while fitting the established housing stock profile. Demographics within a 3-mile radius show household income growth of 26.3% over five years to a median of $101,025, with projections indicating continued expansion to $145,148 by 2028. This income trajectory supports rental pricing power and tenant retention.
Home values averaging $1.4 million (99th percentile nationally) create substantial barriers to ownership, reinforcing reliance on rental housing. The rent-to-income ratio of 23% suggests manageable affordability for the target demographic, while the area's urban core classification provides access to employment centers and amenities. Restaurant density ranks in the 97th percentile nationally, and childcare facilities are abundant, supporting tenant appeal and retention.
Sherman Oaks demonstrates favorable safety trends that support multifamily investment fundamentals. The neighborhood ranks 124th out of 1,441 metro neighborhoods for overall crime (85th percentile nationally), indicating above-average safety conditions. Violent crime rates are particularly low, ranking 10th metro-wide (88th percentile nationally).
Property crime trends show significant improvement, with rates declining 79.7% year-over-year, placing the neighborhood in the 98th percentile nationally for crime reduction. These safety metrics contribute to tenant retention and support stable occupancy patterns that benefit long-term investment performance.
The property benefits from proximity to major entertainment and media employers that anchor the San Fernando Valley's employment base, providing workforce housing opportunities for professionals in these stable industries.
- Radio Disney — media & entertainment (5.1 miles)
- Live Nation Entertainment — live entertainment & venues (5.7 miles) — HQ
- Charter Communications — telecommunications (5.9 miles)
- Disney — entertainment & media (6.1 miles) — HQ
- Activision Blizzard Studios — gaming & technology (6.1 miles)
This Sherman Oaks property offers stable fundamentals driven by high renter concentration and elevated ownership costs that sustain rental demand. The neighborhood's 61.1% renter-occupied share ranks in the 94th percentile nationally, while median home values of $1.4 million create substantial ownership barriers that reinforce multifamily housing reliance. Income growth projections of 44% over the next five years within a 3-mile radius support rental pricing power and tenant retention.
The 1998 construction vintage aligns with neighborhood norms, minimizing near-term capital expenditure needs while maintaining competitive positioning. Proximity to major entertainment employers including Disney and Live Nation Entertainment provides workforce housing opportunities in stable industries. According to CRE market data from WDSuite, the area's A+ neighborhood rating and strong safety metrics support long-term occupancy stability.
- High renter concentration (94th percentile nationally) indicates deep rental demand
- Elevated home values ($1.4M median) sustain rental housing reliance
- Income growth projections support rental pricing power through 2028
- 1998 construction reduces near-term capital expenditure requirements
- Risk: Rent-to-income ratio of 23% requires careful lease management in economic downturns