Sherman Oaks Property Management
At the beginning of 2023, the median listing home price in Sherman Oaks was $1.7M which was a whopping increase of 18.6% over 2022. This translates to $747 per square foot. The median home selling price in Sherman oaks, however, was $1.6M.
Like Northridge, Sherman Oaks is also a neighborhood as well as a town located in Los Angeles’ San Fernando Valley. Founded in 1927, Sherman Oaks is best known for the expansive and well-used Van Nuys/Sherman Oaks Park (VNSO), golf, Ventura Blvd featuring diners such as Mel’s Drive-In, the Sherman Oaks Galleria, the Japanese Gardens, Farmer’s Market, an Aviation Museum, Sepulveda Basin Wildlife Reserve, and the Warner Brothers Ranch.
The most current demographic information indicates that the population is just about 50,000.
Sherman Oaks is bordered by Studio City, Van Nuys, Encino and Bel Air (over the Santa Monica Mountains).
Sherman Oaks was originally developed by Gen. Moses Hazeltine Sherman, an American land developer who, at the time, was partner with partner the Los Angeles Suburban Homes Company.
Some interesting facts about Sherman Oaks is that it’s only 9 square miles, you can get anywhere in LA in about 20 minutes, and part of it shares a zip code with Beverly Hills (90210).
Residential & Multi-Family Properties in Sherman Oaks
The median price for single family homes in Sherman Oaks is $1,7m. By comparison, the median price for single family homes in Northridge is $949,000, $814,000 in Reseda, and $2.1 million in Tarzana, and $1.24 million in Woodland Hills.
If you are considering purchasing a single-family or multi-family home as an investment, Belwood Properties should be on your preferred list of Residential Property Management Companies. Belwood has a 20 year+ track record of exceptional property management service for residential, HOA, and commercial properties.
Our Leasing Protocol in Sherman Oaks
- Show property to prospective tenants
- Thorough screening of prospective tenants
- Creating lease agreements
Our Property Management Protocols in Sherman Oaks
- Tenant relations
- Maintenance and emergencies (all requests are scheduled and overseen by commercial team)
- Property checks for preventative maintenance (once every 2 weeks)
- Rent collection
- Oversite of all vacancies and preparation
- Updated market reports
- Bank reconciliations
- Payment of property taxes, insurance, mortgage, utilities, maintenance, etc.
- Financial and owner reports
- Budget preparation
- Calculation or property expenses and explanation of property expenses
- Collection and processing of asset receipts
The median price for condos and townhomes in Sherman Oaks is $629,500. Condo prices can range from $390,000 to just under $3m. By comparison, Reseda’s median price for condos and townhomes is $538,000 and $495,000 in Tarzana.
HOA Association Property Management in Sherman Oaks
If you need better HOA association management for your condo or apartment building in Sherman Oaks, please contact us. HOA Association Property Management in Sherman Oaks requires the management of dues collection, property maintenance, CC&R enforcement, financials, and much more. Belwood Properties is a HOA property management company known for its exceptional communication with property managers.