| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 88th | Best |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4934 Coldwater Canyon Ave, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1977 |
| Units | 25 |
| Transaction Date | 2008-09-19 |
| Transaction Price | $4,053,000 |
| Buyer | GNM LP |
| Seller | WOODMAN AVENUE EQUITIES LLC |
4934 Coldwater Canyon Ave Sherman Oaks Multifamily Investment
This 25-unit property sits in an A-rated neighborhood ranking in the top 12% among 1,441 metro neighborhoods. According to CRE market data from WDSuite, neighborhood-level occupancy remains stable at 93.3% with strong renter demographics supporting tenant retention.
Sherman Oaks delivers a compelling investment environment with demographic fundamentals that support multifamily demand. Within the 3-mile radius, the area maintains 66.3% renter-occupied housing units, providing a substantial tenant base for rental properties. Median household incomes of $92,459 combined with contract rents averaging $1,824 demonstrate balanced affordability metrics for the Los Angeles market.
The neighborhood ranks in the 83rd percentile nationally for housing metrics, reflecting strong residential fundamentals. Construction activity centers around a 1974 average vintage, similar to this property's 1977 construction year, which presents value-add renovation opportunities for investors focused on capital improvements and unit upgrades.
Demographic projections through 2028 indicate household growth of 37.1% within the 3-mile area, expanding the potential renter pool. Median household incomes are forecast to increase 39.5% to approximately $128,965, supporting rent growth potential while contract rents are projected to rise 35.7% to $2,475. This income-to-rent relationship suggests sustained affordability for the target demographic.
Home values averaging $1.38 million rank in the 99th percentile nationally, reinforcing rental demand as elevated ownership costs sustain renter reliance on multifamily housing. The neighborhood benefits from strong amenity density including 3.15 grocery stores per square mile (90th percentile nationally) and 4.2 pharmacies per square mile (99th percentile nationally), supporting tenant retention through convenience and walkability.
The neighborhood demonstrates favorable safety trends for investor consideration. Property crime rates rank 434th among 1,441 metro neighborhoods, placing it above the metro median with a 57th percentile performance nationally. More significantly, property crime has declined 87.6% year-over-year, ranking in the 99th percentile nationally for improvement trends.
Violent crime metrics show similarly positive patterns, with rates ranking 193rd among metro neighborhoods (74th percentile nationally) and a substantial 92.3% year-over-year decrease ranking in the 99th percentile for improvement. These declining crime trends support neighborhood stability and can contribute to tenant retention and lease renewal rates.
The property benefits from proximity to major entertainment and media employers that provide workforce housing demand for the area.
- Radio Disney — media & entertainment (4.2 miles)
- Charter Communications — telecommunications (4.8 miles)
- Disney — entertainment & media (5.1 miles) — HQ
- Live Nation Entertainment — entertainment services (5.7 miles) — HQ
- Activision Blizzard Studios — gaming & technology (6.5 miles)
This 25-unit Sherman Oaks property presents a value-add opportunity in a demographically strong submarket. Built in 1977, the vintage aligns with neighborhood norms while offering renovation upside potential for unit improvements and rent optimization. Household growth projections of 37.1% through 2028 within the 3-mile radius expand the renter pool, while income growth forecasts of 39.5% support rent advancement potential.
The neighborhood's A-rating and top 12% ranking among metro areas reflects solid fundamentals for multifamily investment. Commercial real estate analysis from WDSuite shows neighborhood-level NOI per unit averaging $18,087, ranking in the 97th percentile nationally, indicating strong income-generating potential for well-managed properties. High home values sustain rental demand by reinforcing renter reliance on multifamily housing options.
- Strong demographic growth with 37% household increase projected through 2028
- A-rated neighborhood ranking in top 12% of 1,441 metro areas
- Value-add potential with 1977 vintage allowing for strategic renovations
- Proximity to major entertainment employers supporting workforce housing demand
- Risk consideration: Occupancy trends show modest decline requiring active lease management