Sherman Oaks, CA
Commercial Real Estate Market Trends & Data

$491 Avg asking sale price
$34 Avg asking lease rate
3,371 SF Avg unit lease size
10,830 SF Avg building size for sale
5.47% 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%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Sherman Oaks, CA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Sherman Oaks $468 21,264 SF 8.61%
Van Nuys $398 25,245 SF 8.03%
Valley Glen $480 6,006 SF 8.47%
Encino $427 31,967 SF 8.03%
Lake Balboa $293 36,142 SF 8.03%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Van Nuys $483 11,871 SF 5.17%
Lake Balboa $410 15,528 SF 5.17%
Studio City $599 9,222 SF 6.65%
Nearby Retail Markets Avg Cost/SF Typical Size
Sherman Oaks $708 9,154 SF
Van Nuys $614 12,018 SF
Valley Glen $593 6,168 SF
Encino $559 18,883 SF
Lake Balboa $538 14,202 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Sherman Oaks $365 10,801 SF 7.78%
Van Nuys $348 10,621 SF 7.50%
Valley Glen $360 9,727 SF 7.78%
Encino $381 17,635 SF 5.00%
Lake Balboa $323 10,730 SF 7.50%

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

Demolish and Build Tomorrow. RTI.

Van Nuys, CA 91401

  • 0.14 AC Lot
  • 1 Residential Income Lot
  • $1,299,000
For Sale

15720 Ventura Blvd

Encino, CA 91436

  • 85,650 SF Office Building
  • 4.64% Cap Rate
  • $19,999,000
For Sale

6836 Whitman Ave

Van Nuys, CA 91406

  • 3,178 SF Multifamily
  • $1,695,000
For Sale

15603-15607 Ventura Blvd

Encino, CA 91436

  • 9,506 SF Retail Building
  • 1.35% Cap Rate
  • $6,250,000
For Sale

Victory Boulevard Portfolio

North Hollywood, CA

  • $2,800,000
For Sale

4325 Stern Ave

Sherman Oaks, CA 91423

  • 6,270 SF Multifamily
  • $3,195,000

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 $491 10,830 SF
Van Nuys $452 12,956 SF
Valley Glen $454 7,917 SF
Encino $690 21,486 SF
Lake Balboa $573 16,116 SF

Multifamily Properties For Sale in Sherman Oaks

For Sale

14827 W Victory Blvd

Van Nuys, CA 91411

  • 14,279 SF Multifamily
  • 5.32% Cap Rate
  • $4,650,000
For Sale

14629 W Erwin St

Van Nuys, CA 91411

  • 24,115 SF Multifamily
  • 5.43% Cap Rate
  • $10,950,000
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