Description

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale Alister Sherman Oaks (the “Property”), a 105-unit boutique multi-housing community located in the heart of Sherman Oaks, one of the most desirable and fundamentally strong markets in Los Angeles County. Built in 1988 and renovated in 2017, the Property delivers residents a modern living experience through elevated interiors across a diverse unit mix of studio, one-, and two-bedroom residences averaging ±869 square feet.

Alister Sherman Oaks continues to perform exceptionally well, with year-to-date trade outs averaging ±7.0% on new leases and ±3.3% on renewals, underscoring the sustained renter demand at the Property. Residents are drawn to the Property’s elevated unit interiors, featuring open floor plans, quartz countertops, tile backsplashes, vinyl plank flooring, and in-unit washers and dryers. The Property also offers amenities that deliver day-to-day convenience, including rooftop sundeck with grilling stations, a resort-style pool, a state-of-the-art fitness studio, package lockers, and storage.

Sherman Oaks is a high barrier-to-entry market defined by minimal new supply, with only one property currently under construction and only 422 units delivered in the last 10 years. The Property’s walkable location (83 WalkScore) places residents within immediate proximity to Whole Foods, the Sherman Oaks Galleria, and a wide array of dining and lifestyle amenities, creating a true live-work-play environment. Direct access to the 405 freeway provides seamless connectivity to major employment hubs across the Valley, West Los Angeles, and greater Los Angeles. Exceptional construction quality, strong operating fundamentals, and supply scarcity position Alister Sherman Oaks as one of the San Fernando Valley’s premier investment opportunities.

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