4355 sepulveda blVd, sherman oaks, ca 91304
The Highland at Sherman Oaks presents the exceptionally rare opportunity to acquire a prominent asset in one of the most affluent neighborhoods within the San Fernando Valley. Only three apartment buildings with over 100 units have traded in Sherman Oaks over the past decade.
$32M
asking price
1971
year built
105
units
79,303
gross sf
premier core-plus asset
The Highland has been thoughtfully renovated for contemporary living, with 65% of the units remodeled to include modern finishes. Common areas and on-site amenities have also been upgraded to enhance the experience for today’s discerning renters.
rarity of offering
In the last ten years, only three assets with over 100 units have traded in Sherman Oaks, highlighting the exceptional rarity of this offering. This limited market activity underscores the unique opportunity to acquire a prominent property in a highly sought-after location.
prime sherman oaks location
The Highland is ideally situated south of Ventura Blvd, offering residents the ability to walk to Whole Foods Market in just 5 minutes and The Sherman Oaks Galleria in 10 minutes or less.
affluent demographics
Known as one of the most affluent and desirable neighborhoods in the San Fernando Valley, Sherman Oaks has an average household income of more than $170,000 with 56 percent of households earning $100,000+ annually.
excellent accessibility to employment
The property's prime location offers residents easy access to over 150 million square feet of office space and thousands of high-wage jobs within a 10-mile radius, including Warner Center, Burbank, Studio City, Hollywood, Beverly Hills, and more.
significant value-add opportunity
Over 34% of the units (36 of 105) are occupied by legacy tenants, presenting an opportunity to achieve approximately 19% in rental upside through proven renovation strategies as these units turnover. Additionally, implementing RUBS for these units could generate $12,000+ in annual income.
abundant amenities
The property includes modern amenities such as a fitness center, resort-style pool, secure package lockers, EV chargers, and an expansive center courtyard with multiple lounge areas, all enhancing the living experience for residents.
INVESTMENT HIGHLIGHTS
5 minute
walk to whole foods
10 minute
walk to sherman oaks galleria
Exclusively Listed By
Kidder Mathews is the largest independent commercial real estate firm in the Western U.S., with 900 real estate professionals and staff in 19 offices in Washington, Oregon, California, Idaho, Arizona, and Nevada. For more information, visit kidder.com.
