Sherman Oaks multifamily real estate area overview and market statistics

Sherman Oaks

Sherman Oaks, a highly sought-after neighborhood in the southern San Fernando Valley, offers a convenient and upscale suburban lifestyle. It is roughly bounded by Ventura Boulevard to the north, Mulholland Drive and the Santa Monica Mountains to the south, the I-405 Freeway to the west, and Woodman Avenue / Laurel Canyon Boulevard to the east, with Ventura Boulevard serving as the vibrant main commercial corridor. It borders Studio City and North Hollywood to the east, Encino to the west, Van Nuys to the north, and Beverly Glen and Bel Air over the hills to the south. The area boasts plenty of things to do, including upscale dining and shopping along Ventura Boulevard, enjoying the scenic Fryman Canyon Trail and Wilacre Park hikes with stunning city views, visiting local parks, and taking advantage of its close proximity to Universal Studios Hollywood, the Hollywood Bowl, and Studio City’s entertainment scene.

In the Sherman Oaks apartment market, multifamily properties remain popular among investors due to strong rental demand, excellent freeway access, and a desirable mix of walkability and residential charm. This makes Sherman Oaks an attractive option for apartment building owners and investors seeking reliable cash flow and long-term value in one of the San Fernando Valley’s most balanced and desirable neighborhoods.

2025 Sherman Oaks Multifamily Market Statistics at a Glance

Sherman Oaks Annual Multifamily Apartment Building Sales Statistics*

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Buildings Sold: 36

Avg. Sale Price: $7,071,458

Avg. Price/Unit: $299,497

Avg. Months to Sale: 5.2 mos

Avg. Price/SF: $363

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Average Rent vs Vacancy Rate- Historical & Estimated

Sherman Oaks California average vacancy rate and asking market rent multifamily units 
2025 Q3: Sherman Oaks, California Multifamily Average Rent: $2,465 Average Vacancy Rate: 5.8%

Average GRM and Cap Rate- Historical

Sherman Oaks california average grm and cap rates of multifamily apartment buildings sold 
2025: Sherman Oaks, California multifamily apartments sold Average GRM: 11.6 Average Cap Rate 5.7%

Number of Multifamily Buildings Sold- Historical

Sherman Oaks California number of Apartment buildings sold between 2020 and 2025 
2025: Sherman Oaks, California Multifamily Buildings Sold: 36

Average Price/Unit and Price/SF- Historical

Sherman Oaks California average price per unit and sf of sold multifamily buildings 
2025: Sherman Oaks, California Multifamily Average Price/Unit Sold: $299,497 Price/SF Sold: $363
Historical and estimated market statistics for the Sherman Oaks, California multifamily apartment building submarket. The graphs above show the average Price/Unit, Price/SF, GRM, Cap Rate, Average Asking Market Rent and Vacancy for Sherman Oaks multifamily apartment buildings for the years 2020-2025. 
*All data has been obtained from CoStar. Jake Plewa, the Taksa Investment Group and ReMax Commercial cannot guarantee the accuracy of the data above. The graphs and statistics are for information purposes only.

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