| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4750 Kester Ave, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1984 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4750 Kester Ave, Sherman Oaks Multifamily Investment
High renter concentration in the neighborhood and elevated ownership costs point to a durable tenant base, according to WDSuite’s CRE market data. Occupancy trends sit near metro norms, suggesting steady leasing with upside through thoughtful operations.
Sherman Oaks’ Urban Core setting offers strong day-to-day convenience: dining, cafes, groceries, and pharmacies cluster at levels that place the neighborhood in the top quartile nationally for amenities, based on WDSuite’s CRE market data. Restaurant and cafe density is notably high relative to U.S. neighborhoods, supporting walkable lifestyles that can aid retention and lease velocity.
The neighborhood ranks 66 out of 1,441 Los Angeles–Long Beach–Glendale neighborhoods, which is competitive among metro peers by WDSuite’s methodology. Median home values sit well above national norms, which typically sustains renter reliance on multifamily housing and can support pricing power when managed carefully.
Renter-occupied housing makes up a large share of neighborhood units, indicating depth in the tenant pool for a 25‑unit asset. At the same time, neighborhood occupancy is around the national middle, implying leasing stability with room for operational improvement compared with higher-occupancy submarkets.
Within a 3‑mile radius, demographics point to stable population and a projected increase in households alongside smaller average household size. This combination generally expands the renter pool and supports occupancy stability and rent growth potential over the medium term, while higher area incomes can help sustain renewals.
The property’s 1984 construction is newer than the neighborhood’s average vintage (1975). For investors, that typically reduces near-term capital exposure versus older stock, though modernization of interiors and systems may still unlock value-add upside.
One trade-off: park access inside the immediate neighborhood is limited. For operators, that places more emphasis on property amenities and nearby private recreation offerings to maintain leasing competitiveness.
Safety indicators compare favorably to many neighborhoods nationwide on violent offenses, while property offenses trend closer to the national middle, per WDSuite’s data. Both categories have moved lower over the past year, suggesting gradual improvement rather than deterioration.
Within the Los Angeles–Long Beach–Glendale metro, the area performs better than several peer neighborhoods, yet investors should underwrite typical urban-core variability and maintain standard best practices for lighting, access control, and monitoring.
Proximity to major entertainment, media, energy, gaming, and telecom employers supports a broad white-collar renter base and commute convenience. Nearby anchors include Live Nation Entertainment, Radio Disney, Occidental Petroleum, Activision Blizzard Studios, and Charter Communications.
- Live Nation Entertainment — entertainment (6.6 miles) — HQ
- Radio Disney — media (6.6 miles)
- Occidental Petroleum — energy (6.8 miles) — HQ
- Activision Blizzard Studios — gaming & media (7.0 miles)
- Charter Communications — telecom (7.1 miles)
4750 Kester Ave is a 25‑unit, 1984‑vintage asset positioned in a high-amenity Urban Core pocket of Sherman Oaks. The neighborhood’s high renter concentration and elevated ownership costs point to a resilient tenant base, while mid-range neighborhood occupancy suggests stable operations with opportunity to enhance leasing and renewals through targeted management. The property’s relatively newer vintage versus local stock can moderate near-term capital needs, with selective modernization supporting rent positioning.
Within a 3‑mile radius, households are projected to increase and average household size to edge lower, expanding the renter pool and supporting occupancy stability. Higher area incomes and strong amenity access further reinforce retention potential; according to CRE market data from WDSuite, these fundamentals compare well against many metro peers without relying on aggressive assumptions.
- High renter concentration and elevated home values sustain multifamily demand and support pricing power when managed carefully.
- 1984 vintage is newer than nearby stock, reducing immediate capital intensity with value-add potential via targeted updates.
- Dense amenity base and proximity to major employers support leasing velocity and retention.
- Household growth and smaller household sizes within 3 miles expand the renter pool and support occupancy stability.
- Risks: mid-pack neighborhood occupancy and limited park access require strong on-site amenities and active leasing strategy.