| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 87th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15126 W Moorpark St, Sherman Oaks, CA, 91403, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 2001 |
| Units | 85 |
| Transaction Date | 1999-12-09 |
| Transaction Price | $2,050,000 |
| Buyer | MENORAH HOUSING FOUNDATION |
| Seller | ALPERT DAN |
15126 W Moorpark St Sherman Oaks Multifamily Investment
Renter demand is reinforced by a high neighborhood renter concentration and strong amenity density, according to WDSuite’s CRE market data. For investors, this supports stable leasing in an Urban Core pocket of Sherman Oaks even as occupancy trends vary across the Los Angeles metro.
Located in Sherman Oaks’ Urban Core, the property benefits from a neighborhood rated A and ranked 66 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile locally. Amenity access is a core strength: restaurant and cafe density score in the high national percentiles (near the top decile), and pharmacy access is especially strong, which helps sustain day-to-day convenience for renters.
The area skews renter-occupied, with a renter concentration measured at 68.9% of housing units and ranked 193 of 1,441 in the metro (97th percentile nationally). For multifamily owners, that signals depth in the tenant base and supports ongoing demand. Neighborhood occupancy is around the national middle by percentile, and has eased over the past five years, suggesting owners should prioritize competitive positioning and active leasing management.
Vintage also favors this asset: the neighborhood’s average construction year is 1975, while 15126 W Moorpark St was built in 2001. Newer stock typically competes well against older buildings; investors should still plan for targeted modernization and systems upkeep as the asset moves beyond two decades of operations.
Within a 3-mile radius, recent demographic patterns show a modest population dip over the last five years but a projected return to growth by 2028 alongside a notable increase in households and smaller average household sizes. This points to a larger renter pool over time and potential support for smaller-unit demand, aligning with typical urban one- and two-bedroom leasing. Elevated home values in the neighborhood (high national percentile) indicate a high-cost ownership market, which tends to reinforce reliance on rental housing and can aid pricing power and retention for well-positioned multifamily assets.
Compared with Los Angeles metro peers, the neighborhood’s crime rank is 359 out of 1,441, placing it in the top quartile locally and around the 76th percentile nationally for safety. For investors, this positions the area as relatively safer than many urban neighborhoods across the country.
Year over year, WDSuite data indicates meaningful declines in both violent and property offense estimates in the neighborhood, with improvement metrics that rank strongly versus national peers. While conditions can vary by block and over time, the directional trend supports leasing stability narratives for professionally managed properties.
Proximity to major employers in energy, live entertainment, media, and engineering broadens the potential renter base and supports retention through commute convenience. Notable nearby employers include Occidental Petroleum, Live Nation Entertainment, Radio Disney, Activision Blizzard Studios, and AECOM.
- Occidental Petroleum — energy (6.6 miles) — HQ
- Live Nation Entertainment — live entertainment (6.6 miles) — HQ
- Radio Disney — media (6.9 miles)
- Activision Blizzard Studios — gaming & media (7.0 miles)
- AECOM — engineering & infrastructure (7.1 miles) — HQ
This 85-unit, 2001-vintage asset sits in an A-rated Sherman Oaks neighborhood with high renter concentration and strong amenity coverage. Based on CRE market data from WDSuite, neighborhood occupancy sits near the national middle while renter share and household income levels are comparatively strong, suggesting a sizable tenant base with capacity to support stabilized operations when assets are competitively positioned.
Forward-looking indicators within a 3-mile radius point to household growth and smaller household sizes by 2028, which can expand the renter pool and favor urban unit mixes. Elevated home values in the area support sustained reliance on multifamily rentals, while the property’s newer-than-neighborhood vintage offers a competitive edge versus older local stock—though investors should plan for ongoing modernization to maintain that advantage. Key risks include variable occupancy trends in the metro and limited park access, reinforcing the importance of asset-level amenities and disciplined lease management.
- A-rated neighborhood (top quartile in LA) with strong amenity density supporting renter appeal
- High renter concentration signals depth of tenant demand and leasing resilience
- 2001 construction competes well against older local stock; plan targeted modernization
- 3-mile outlook shows household growth and smaller sizes, expanding the renter pool
- Watchlist: neighborhood occupancy drift and limited park access require proactive leasing and amenity strategy