Sherman Oaks, CA
Commercial Real Estate Market Trends & Data

$481 per SF Avg asking sale price
$34 per SF Avg asking lease rate
3,373 SF Avg unit lease size
12,055 SF Avg building size for sale
5.29% Average cap rate

Sherman Oaks's Demographic Profile

Sherman Oaks has 50,184 households and a median income of $87,157, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 120,275
# Households 50,184
Median age 40
Median household income $87,157
Avg household size 2.0
Renter-occupied housing units 32,040
5-year population change -3%

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Sherman Oaks $453 22,836 SF 8.47%
Van Nuys $412 24,401 SF 8.80%
Valley Glen $665 6,006 SF 8.47%
Encino $429 31,166 SF 8.03%
Lake Balboa $325 33,826 SF 8.80%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Van Nuys $491 11,730 SF 5.17%
Lake Balboa $407 14,332 SF 5.17%
Nearby Retail Markets Avg Cost/SF Typical Size
Sherman Oaks $707 10,840 SF
Van Nuys $624 12,450 SF
Valley Glen $604 6,168 SF
Encino $521 21,074 SF
Lake Balboa $571 15,080 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Sherman Oaks $364 12,805 SF 7.92%
Van Nuys $364 15,629 SF 8.80%
Valley Glen $340 12,469 SF 7.92%
Encino $366 14,862 SF 5.05%
Lake Balboa $333 17,356 SF 8.80%

Commercial Properties For Sale in Sherman Oaks

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Creative Sherman Oaks Owner/User Office

Sherman Oaks, CA 91423

  • 10,334 SF Office Building
  • $2,995,000
For Sale

4956-4960 Kester Ave

Sherman Oaks, CA 91403

  • 9,060 SF Multifamily
  • 4.85% Cap Rate
  • $4,100,000
For Sale

7766 Burnet Ave

Van Nuys, CA 91405

  • 4,980 SF Industrial Building
  • $2,100,000
For Sale

2022 Built Valley Glen Multifamily | 68 Units

Van Nuys, CA 91401

  • 66,796 SF Multifamily
  • 5.50% Cap Rate
  • $22,900,000
For Sale

14722 Magnolia Blvd

Sherman Oaks, CA 91403

  • 3,588 SF Multifamily
  • 4.14% Cap Rate
  • $1,545,000
For Sale

7451 Coldwater Canyon

North Hollywood, CA 91605

  • 2,450 SF Industrial Building
  • $2,050,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Sherman Oaks pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Sherman Oaks $485 12,124 SF
Van Nuys $449 15,159 SF
Valley Glen $624 9,203 SF
Encino $472 21,368 SF
Lake Balboa $416 18,790 SF

Multifamily Properties For Sale in Sherman Oaks

For Sale

2022 Built Valley Glen Multifamily | 68 Units

Van Nuys, CA 91401

  • 66,796 SF Multifamily
  • 5.50% Cap Rate
  • $22,900,000
For Sale

14827 W Victory Blvd

Van Nuys, CA 91411

  • 14,279 SF Multifamily
  • 5.71% Cap Rate
  • $4,500,000
For Sale

Celeste

Van Nuys, CA 91401

  • 37,778 SF Multifamily
  • 5.46% Cap Rate
  • $14,750,000

Regional Demographic Comparison

This comparison places Sherman Oaks alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Sherman Oaks or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Sherman Oaks 120,275 50,184 40 $87,157 2 32,040 -3%
Van Nuys 340,931 123,574 39 $73,759 3 77,227 -2%
Valley Glen 56,700 20,536 40 $61,523 3 13,783 -3%
Encino 117,082 40,828 42 $84,524 3 19,555 -3%
Lake Balboa 53,701 18,315 39 $66,552 3 11,322 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Sherman Oaks, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Sherman Oaks

View All Commercial Real Estate For Sale in Sherman Oaks
Is Sherman Oaks a good market for a first-time commercial real estate investor?

Sherman Oaks offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Sherman Oaks?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Sherman Oaks. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Sherman Oaks?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Sherman Oaks. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Sherman Oaks compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Sherman Oaks. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Sherman Oaks acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Sherman Oaks, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends