| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5344 Circle Dr, Sherman Oaks, CA, 91401, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1983 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5344 Circle Dr Sherman Oaks Multifamily Investment
Neighborhood fundamentals point to durable renter demand and above-metro occupancy, according to WDSuite s CRE market data. Strong amenities and income levels support leasing stability for a 40-unit asset in Los Angeles s Sherman Oaks submarket.
Sherman Oaks sits in an Urban Core setting and ranks competitively among 1,441 Los Angeles-Long Beach-Glendale neighborhoods (A+ neighborhood rating). Amenity access is a clear strength, with the area landing in the upper tier nationally for dining, cafes, parks, pharmacies, and childcare (many measures in the high-80s to mid-90s percentiles), supporting day-to-day convenience that helps retention.
Schools in the surrounding area trend above national norms (average ratings in the mid-80th percentile nationwide), which can aid family-oriented leasing. Neighborhood occupancy is also strong relative to national benchmarks, reinforcing the case for income stability at similar multifamily assets. Median household incomes are elevated versus the U.S., and renter households are a sizable share of housing units locally, indicating depth in the tenant base rather than reliance on a narrow segment.
Within a 3-mile radius, demographic data show modest population softening in recent years alongside a small increase in household counts and a projected rise in households over the next five years. This pattern points to smaller household sizes and a gradually expanding renter pool, which typically supports absorption and helps sustain occupancy for well-located properties.
Ownership costs are high in this pocket of Los Angeles relative to incomes (home values rate near the top nationally), which tends to reinforce reliance on multifamily rentals. At the same time, rent-to-income ratios run comparatively manageable for the market, a mix that supports pricing power while limiting undue affordability pressure and potential turnover risk.
Safety indicators benchmark favorably compared with neighborhoods nationwide, with the area landing around the 74th percentile for overall crime (higher percentiles indicate safer conditions). Recent data also show year-over-year declines in both property and violent offense estimates, according to WDSuite, suggesting improving trends. As always, conditions vary by block and over time, so investors should consider property-level measures alongside these neighborhood trends.
Nearby corporate offices in media and telecommunications provide a sizable professional employment base that can support renter demand and retention, including roles at Radio Disney, Charter Communications, Live Nation Entertainment, Disney, and Activision Blizzard Studios.
- Radio Disney media offices (6.1 miles)
- Charter Communications telecommunications offices (6.3 miles)
- Live Nation Entertainment entertainment HQ (7.0 miles) HQ
- Disney entertainment HQ (7.1 miles) HQ
- Activision Blizzard Studios gaming & media offices (7.4 miles)
This 40-unit multifamily asset benefits from strong neighborhood fundamentals in Sherman Oaks: amenity-rich Urban Core positioning, above-metro occupancy, and a majority share of renter-occupied housing units nearby. Elevated home values in the immediate area sustain reliance on rentals, while rent-to-income levels remain comparatively manageable for tenants. Based on commercial real estate analysis from WDSuite, these dynamics support steady tenant demand and leasing resilience versus broader U.S. benchmarks.
Within a 3-mile radius, households have edged higher and are projected to grow further, pointing to a larger tenant base over the medium term. Coupled with improving safety trends and access to major entertainment and telecom employers, the property is positioned to compete for quality renters while offering scope to enhance operations through focused asset management.
- Amenity-rich Urban Core location with nationally strong scores for dining, services, and childcare supports retention.
- Above-metro neighborhood occupancy and a deep base of renter-occupied units underpin income stability.
- High-cost ownership market reinforces multifamily demand while rent-to-income remains comparatively manageable.
- 3-mile household growth and proximity to major employers expand the renter pool and support leasing.
- Risks: recent population softening and macro sensitivity in entertainment-related employment warrant disciplined underwriting.