| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 88th | Best |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4513 Woodman Ave, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1979 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4513 Woodman Ave Sherman Oaks Multifamily Investment
Renter concentration in the surrounding neighborhood and dense amenities support durable leasing, according to WDSuite s CRE market data. This location benefits from a high-cost ownership landscape, reinforcing multifamily demand and occupancy stability.
Competitive among Los Angeles-Long Beach-Glendale neighborhoods, this Urban Core pocket of Sherman Oaks carries an A neighborhood rating and a renter-occupied share near two-thirds, indicating a deep tenant base for multifamily. Neighborhood occupancy trends have been steady in recent years, supporting lease stability and predictable operations.
Amenity access is a clear strength: cafes, groceries, and restaurants rank in the upper percentiles nationally, translating to strong day-to-day convenience that underpins resident retention. While dedicated parks and pharmacies are less dense locally, the broader retail and service mix remains a differentiator for leasing.
Within a 3-mile radius, household counts have held roughly flat in the last five years and are projected to rise alongside smaller average household sizes, which can expand the renter pool for professionally managed apartments. Median household incomes have grown, and forward-looking estimates point to additional gains, supporting rent levels and absorption for well-positioned assets.
Ownership costs in the neighborhood are among the highest nationally, which tends to sustain renter reliance on multifamily housing and can bolster pricing power for quality product. The typical rent-to-income profile suggests manageable affordability pressure, but proactive lease management remains important for retention.
Vintage context: built in 1979, the property is slightly newer than the neighborhood s average stock from the mid-1970s, providing relative competitiveness versus older buildings. Investors should still plan for system upgrades and targeted renovations to defend positioning and capture value-add upside.
Safety indicators for the neighborhood test favorably in national comparisons, with overall and violent offense metrics landing in higher national percentiles (safer relative to many U.S. neighborhoods). Recent year-over-year estimates also point to meaningful declines in both violent and property offenses, according to WDSuite s data.
As with any dense urban area, on-the-ground conditions can vary by block and time of day. Investors typically pair neighborhood-level trends with property-specific diligence and security design when underwriting.
Nearby employment is anchored by entertainment, media, and telecom offices, which support leasing demand through short commutes and industry depth. The employers listed below reflect the most relevant drivers of workforce housing in this area.
- Radio Disney corporate offices (5.2 miles)
- Live Nation Entertainment entertainment HQ (5.8 miles)
- Charter Communications telecommunications (5.9 miles)
- Disney corporate offices HQ (6.1 miles)
- Activision Blizzard Studios gaming & media (6.2 miles)
4513 Woodman Ave is a 1979-vintage, mid-sized Sherman Oaks asset positioned in a high-demand renter market. Strong neighborhood amenity density, a large share of renter-occupied housing units, and a high-cost ownership environment underpin durable leasing and retention. Based on CRE market data from WDSuite, neighborhood occupancy has been resilient, and households within 3 miles are projected to increase while average household size trends lower, expanding the potential renter pool for well-maintained units.
The vintage offers room for targeted upgrades to enhance competitiveness versus older stock, while elevated incomes in the trade area support rent levels for quality renovations. Key risks include sensitivity to price increases amid affordability considerations and exposure to cyclical entertainment and media employment; disciplined capex planning and thoughtful lease management can help mitigate these factors.
- High renter concentration and resilient neighborhood occupancy support leasing stability
- Dense amenities and short commutes to major media/telecom employers aid retention
- 1979 vintage provides value-add potential to outcompete older local stock
- High-cost ownership market reinforces depth of multifamily demand
- Risks: affordability pressure and industry cyclicality require prudent pricing and capex