| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4616 Willis Ave, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 2000 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4616 Willis Ave, Sherman Oaks CA — 2000-Vintage Multifamily
Positioned in an amenity-rich Sherman Oaks pocket with a deep renter base and high-cost ownership alternatives, the asset benefits from durable demand and competitive positioning, according to WDSuite’s CRE market data.
Sherman Oaks’ Urban Core location delivers strong day-to-day convenience: cafes and restaurants rank in the top tier nationally by density, while pharmacies are especially prevalent. This concentration of amenities supports leasing velocity and retention for professionally managed multifamily. Park access within the immediate neighborhood is limited, so investors should consider on-site open space and nearby private amenities as part of the resident experience.
The property’s 2000 construction is newer than the neighborhood’s typical 1970s vintage, offering a relative edge versus older stock. This positioning can reduce near-term capital intensity while still leaving room for targeted modernization to drive rent premiums and renewal capture.
Ownership costs in the neighborhood are elevated compared with incomes and the local renter concentration is high, reinforcing reliance on multifamily housing and supporting pricing resilience. Rent-to-income levels track around national norms, which can aid lease retention and limit turnover risk in a market that still commands premium home values.
Within a 3-mile radius, WDSuite data indicate stable population levels and a projected increase in households over the next five years, alongside smaller average household sizes. For investors, a growing household count and smaller households point to a larger tenant base and ongoing demand for well-located, professionally managed units. At the metro level, the neighborhood is competitive among Los Angeles-Long Beach-Glendale neighborhoods, with demographics and income profiles that align with sustained renter demand.
Based on WDSuite’s benchmarked indicators, the neighborhood’s safety profile is favorable versus many U.S. areas, with overall conditions around the 75th percentile nationally. It is competitive among Los Angeles-Long Beach-Glendale neighborhoods (359 of 1,441), suggesting comparatively better conditions within the metro context without implying block-level outcomes.
Recent trend data show a notable decline in estimated property and violent offense rates over the last year, which supports leasing stability and resident retention. As always, investors should underwrite to submarket and asset-level security measures and monitor citywide policy trends that may affect perceptions over time.
Proximity to major entertainment, energy, gaming, and engineering employers supports a broad professional renter pool and commute convenience for residents, reinforcing multifamily demand at this location. The list below highlights nearby anchors likely to influence leasing and retention.
- Live Nation Entertainment — entertainment (6.4 miles) — HQ
- Radio Disney — media (6.5 miles)
- Occidental Petroleum — energy (6.6 miles) — HQ
- Activision Blizzard Studios — gaming & production (6.8 miles)
- AECOM — engineering & infrastructure (7.0 miles) — HQ
4616 Willis Ave combines a 2000 vintage, strong neighborhood amenities, and a renter-oriented housing landscape that collectively support occupancy stability and pricing power over the cycle. According to commercial real estate analysis from WDSuite, the submarket’s high ownership costs and competitive amenity access bolster multifamily demand, while rent-to-income dynamics near national norms help sustain renewals.
Forward-looking indicators within a 3-mile radius point to an increase in households and smaller household sizes, expanding the tenant base. The asset’s newer construction versus local stock can moderate near-term capex while offering selective value-add potential to capture incremental premiums. Key risks include limited immediate park access and metro policy or economic shifts that could influence leasing velocity, so prudent underwriting and asset management remain important.
- 2000-vintage asset outpositions older neighborhood stock, with targeted modernization upside
- Amenity-dense Urban Core location supports leasing velocity and resident retention
- High-cost ownership market reinforces depth of the renter pool and pricing resilience
- Household growth and smaller household sizes within 3 miles expand the tenant base
- Risks: limited park access and broader metro policy/economic shifts may affect absorption