| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 80th | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5206 Norwich Ave, Sherman Oaks, CA, 91411, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5206 Norwich Ave Sherman Oaks Multifamily Investment
Renter demand is supported by a high-cost ownership market and a renter-occupied housing base in the surrounding neighborhood, according to WDSuite’s CRE market data. Expect stable leasing fundamentals driven by location quality and proximity to major employment nodes.
Situated in Sherman Oaks within the Los Angeles metro, the neighborhood scores an A- and is competitive among metro options, ranking in the top quartile among 1,441 metro neighborhoods. The area functions as an Urban Core setting with solid day-to-day convenience from restaurants and grocery options, while park and café density is thinner, which may shape amenity expectations and on-site activation strategies.
Schools average around the mid-3s (out of five) and are above national norms, and childcare access is a relative strength. Compared with national CRE trends, neighborhood amenities cluster toward necessities (grocery, restaurants) rather than leisure spaces (parks, cafés), which can reinforce demand for well-programmed common areas at the asset level.
Multifamily dynamics are supported by a high renter-occupied share at the neighborhood level, indicating depth in the tenant base and potential for steady absorption. Neighborhood occupancy trends sit near national norms, suggesting leasing stability without outsized vacancy risk in typical conditions.
The property’s 1985 construction is slightly older than the neighborhood’s average vintage, pointing to practical value-add and modernization levers (systems, interiors, and curb appeal) to sharpen competitive positioning against newer stock.
Within a 3-mile radius, demographics indicate a large, diversified population with households edging higher over time even as average household size trends down. This shift generally expands the renter pool and supports sustained demand for multifamily units, particularly in professionally managed, well-located assets.
Home values in the neighborhood are elevated relative to national benchmarks. In investor terms, a high-cost ownership market tends to sustain reliance on rental housing, which can support tenant retention and pricing power for competitively positioned properties.
Safety indicators for the immediate neighborhood compare favorably with national norms, landing around the top quartile nationally. Recent year-over-year trends show notable declines in both property and violent offense estimates, signaling an improving backdrop. While conditions can vary by block and over time, the broader pattern points to a comparatively stable environment by national standards.
Within the Los Angeles metro context, results vary by sub-area; investors should weigh this neighborhood’s improving trajectory alongside typical Urban Core considerations such as foot traffic and activity patterns. Periodic review of updated local data is prudent for ongoing risk assessment.
Regional employment is anchored by media, entertainment, and corporate services within an 8-mile radius, supporting a robust renter base seeking commute convenience. Notable nearby employers include Radio Disney, Charter Communications, Live Nation Entertainment, Occidental Petroleum, and Activision Blizzard Studios.
- Radio Disney — corporate offices (6.86 miles)
- Charter Communications — corporate offices (7.05 miles)
- Live Nation Entertainment — corporate offices (7.21 miles) — HQ
- Occidental Petroleum — corporate offices (7.36 miles) — HQ
- Activision Blizzard Studios — corporate offices (7.58 miles)
5206 Norwich Ave offers a 20-unit footprint in a top-quartile Los Angeles metro neighborhood, where elevated ownership costs and a high renter-occupied housing share underpin durable demand. The 1985 vintage introduces actionable value-add potential to enhance unit finishes and building systems, positioning the asset to compete effectively against newer product while benefiting from proximity to major employment hubs. According to CRE market data from WDSuite, neighborhood occupancy aligns with national norms, which supports a case for steady leasing performance.
Within a 3-mile radius, households are trending upward while average household size edges lower, typically expanding the renter pool and supporting occupancy stability. Elevated neighborhood home values and solid income levels point to continued reliance on multifamily housing, with amenity-light public spaces (parks, cafés) increasing the importance of on-site programming and thoughtful property upgrades.
- Top-quartile neighborhood in the Los Angeles metro with strong fundamentals supporting leasing stability.
- High renter-occupied share and elevated ownership costs deepen the tenant base and support retention.
- 1985 vintage provides clear value-add and modernization levers to improve competitive positioning.
- Proximity to major entertainment and corporate employers underpins steady demand.
- Risk: Lighter park/café density and mixed Urban Core dynamics require asset-level amenities and attentive operations.