Sprawled over an area of eight square miles, Sherman Oaks feels like a scaled-down version of downtown LA. Its main boulevards are dotted with a diverse mix of financial, business, and retail establishments and many of the area’s design elements are reminiscent of downtown.
Sherman Oaks is still part of the San Fernando Valley area with residential backstreets attesting to the suburban character it shares with its Valley neighbors.
Sandwiched between Encino and Studio City, this neighborhood of 77,000 people lies 22 miles northwest of downtown LA. Those who pass through Sherman Oaks often decide to stop and stroll the streets instead of venturing to other haunts in the Los Angeles area.
Living in Sherman Oaks
While Sherman Oaks is not completely pedestrian-friendly, main boulevards like Ventura, Magnolia, and Lankershim are hospitable to strollers. Here, the concentration of eateries, bars, shopping malls, and activity centers makes it inviting to explore the areas by foot.
Boasting two city parks and 15 highly rated schools, Sherman Oaks is also an ideal place to raise children. The neighborhood offers myriad options as well: established wine bars and gastropubs, upscale restaurants, art galleries, and so much more.
Real estate in Sherman Oaks
While it has become one of the more popular and fashionable neighborhoods to move to, Sherman Oaks maintains the casual vibe that true-blue locals have known since their childhood.
Yet housing options span the spectrum – from modest single-family homes to luxury buys. Condominiums have also become a popular choice as more than 60% of residents rent their living spaces.
It’s also a great opportunity to invest in income-producing single and multi-residential properties as well as look into vacant land deals, development opportunities, 1031 exchanges, reverse exchanges, and trustee sales and purchases.
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