| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 88th | Best |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4930 Coldwater Canyon Ave, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1977 |
| Units | 32 |
| Transaction Date | 2010-09-30 |
| Transaction Price | $2,775,027 |
| Buyer | 4930 COLDWATER CANYON VENTURE LLC |
| Seller | REVX 492 LLC |
4930 Coldwater Canyon Ave Sherman Oaks Multifamily Opportunity
The surrounding Sherman Oaks neighborhood shows a deep renter base and high-cost ownership dynamics that support steady multifamily demand, according to WDSuite’s CRE market data. Neighborhood occupancy is stable and renter-occupied housing is elevated for Los Angeles, pointing to durable leasing fundamentals rather than outsized growth.
Rated A and ranked 164 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, this pocket of Sherman Oaks sits in the top quartile among metro peers. For investors, that positioning signals resilient fundamentals relative to the broader metro.
Neighborhood livability supports retention: pharmacy access is strong (99th percentile nationally) and grocery density is high (around the 90th percentile), while cafes and dedicated parks are limited in the immediate area. These dynamics tend to favor need-based trips and at-home amenities over discretionary, destination-style uses—useful context for positioning common areas and services.
Multifamily demand indicators are favorable. The share of housing units that are renter-occupied in the neighborhood is elevated (competitive among Los Angeles neighborhoods and high nationally), which points to a broad tenant base and supports occupancy stability over cycles. Median contract rents benchmark high nationally, yet the neighborhood’s rent-to-income levels read as manageable for many local households, a mix that can aid lease retention and pricing power without pushing into excessive affordability pressure.
Within a 3-mile radius, population edged down recently while household counts ticked higher, and forecasts call for further household growth alongside smaller average household sizes. That combination typically expands the renter pool and supports steady absorption, based on CRE market data from WDSuite.
Asset vintage in the neighborhood clusters around the mid-1970s. With a 1977 construction year, this property is slightly newer than the local average (1974). For investors, that suggests competitive positioning versus older stock while still leaving room for targeted modernization to enhance unit finishes, building systems, and operating efficiency.
Safety metrics compare favorably. The neighborhood ranks 180 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods—competitive among metro peers—with overall crime levels positioned in the higher (safer) national percentiles. Recent year-over-year estimates indicate notable declines in both violent and property offenses, reinforcing an improving trend rather than a one-off reading.
As always, safety varies by block and over time; investors should rely on multiple sources and on-the-ground observation when underwriting. At the neighborhood scale, however, comparative data indicates conditions that support renter retention and leasing stability versus many urban Los Angeles subareas.
Nearby media, telecommunications, and entertainment employers underpin a diversified white-collar employment base, supporting renter demand through commute convenience and industry depth. The list below highlights close-in anchors relevant to tenant capture and retention.
- Radio Disney — media offices (4.15 miles)
- Charter Communications — telecommunications (4.79 miles)
- Disney — entertainment (5.08 miles) — HQ
- Live Nation Entertainment — live entertainment (6.00 miles) — HQ
- Activision Blizzard Studios — video game/film studios (6.45 miles)
This 32-unit, 1977-vintage asset sits in a top-quartile Sherman Oaks neighborhood where renter-occupied housing shares are high and home values are elevated relative to income—conditions that tend to sustain reliance on multifamily. Neighborhood occupancy is steady and the rent-to-income profile supports retention while allowing for disciplined rent management, according to CRE market data from WDSuite. The property’s vintage is slightly newer than the local average, suggesting a competitive baseline with clear value-add potential through selective upgrades to finishes, common areas, and building systems.
Within a 3-mile radius, recent patterns show modest population softness alongside rising household counts, with forecasts pointing to more households and smaller household sizes. That typically expands the renter pool and supports ongoing absorption. Amenity access skews toward daily-needs retail (pharmacies and groceries), which aligns with stable, convenience-driven tenancy rather than destination nightlife—useful for underwriting retention and expense planning.
- High renter-occupied share and elevated ownership costs support depth of tenant demand and leasing stability.
- 1977 construction slightly newer than neighborhood average, with clear renovation and operational upside potential.
- Daily-needs amenity access (strong pharmacy and grocery presence) supports retention and day-to-day convenience.
- 3-mile area households projected to increase as household sizes shrink, typically expanding the renter pool and supporting occupancy.
- Risks: limited nearby parks/cafes and recent population softness; underwriting should account for amenities strategy and measured lease-up expectations.