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Sherman Oaks

California - Los Angeles

22.8°C

Sherman Oaks - Los Angeles

Sherman Oaks is a city with a specific character, that was founded in 1927 in the San Fernando Valley. This neighborhood of Los Angeles, close to North Hollywood, mixes urban and suburban facilities in a relaxed southern mood. This charming place is known for its calm and wealthy way of life. Besides, it tries to promote local brand shops such as Mom & Pop stores. The Sherman Oaks Galleria is an amazing location to visit as it is the place where the movie "Valley Girl" was filmed.

House
Surface type (Av.): 551 m2
Min price (Av.): $1,899,000
Med price (Av.): $4,591,500
Max price (Av.): $18,000,000
Market overview

The American real estate market has suffered from an important crisis, due to seizure of properties. This phenomenon had a huge consequence on prices, which plummeted. Therefore, investing in a property in L.A. is currently a safe investment and is interesting as the market benefits from favorable conditions.

Besides, the American population is mobile and often changes its accommodations. The law is particularly secured for financial backers and the American system is based on MLS (Multiple Listing System) which gathers all properties on sale, which is a guaranty of  ease to find one.

Thanks to a nice economic expansion, Los Angeles enjoys a large and diversified property portfolio with competitive prices for a city such vibrant, enormous and sunny. All in all, this area is a real heaven for owners and real estate investors.

Who buys?

Thanks to its multicultural aspects, Los Angeles is a global city which constantly attracts show business celebrities, fashion leaders, wealthy tourists as well as powerful financial people who are looking for an upscale quality of life, in a magnificent green oasis where are gathered culture, entertainment, glamor and leading-edge technology.

Buying basics

"Before any investment, the potential buyer will have to contact a professional of the real estate sector. The latter will need his client's passport and other administrative and bank documents to testify his identity and his solvency. The buying process is really fast (around one month). You do not need to have the American citizenship nor the famous Green card but you are required to provide a social security number (SSN), which is obligatory to fill in the tax return (that is only $100 for a property).

Besides, it is highly recommended to purchase an insurance regarding the ownership title in order to be secured in case of potential recording error. "

Peak Season
Jun 01 - Aug 31

From June to August, summers are particularly sunny and hot because of Santa Ana, a warm and dry wind that creates heatwaves. Therefore, temperatures can sometimes reach 35 degrees.

High Season
Apr 01 - Dec 01

The period from April to November is generally one of the best periods of the year to visit Los Angeles as temperatures are pleasant. Spring is also the period with shorter visitor queues and lower prices. However, between April and May, there is a "June Gloom" phenomenon (also called "May Grey") which corresponds  to a thick fog that appears at dawn and persists until midday.

Low Season
Dec 01 - Mar 31

Thanks to a Mediterranean climate, Los Angeles has a sweet climate throughout the year. Winters are mild and slightly rainy. Temperature scarcely drop below 10 degrees during the period from December to March.

Sherman Oaks Galleria

This is an unmissable mall in Sherman Oaks, as the city became the shopping Mecca. Besides, this is in this Galleria that was developed the well-known "Valley Girl" stereotype, according to which the Valley Girl is a materialist and self-centered American woman. Even though Sherman Oaks is mainly characterized by store chains and mass production, you will also be able to discover nice shops with craftsmen here and there in the city.

Sherman Oaks Castle Park

This park is considered to be the San Fernando Valley's first family entertainment center. It proposes a nice miniature golf, arcades and batting cages. It is the finest place to have fun with your family and your kids of all ages.

The Van Nuys Sherman Oaks Park

This lovely city park was qualified as a "popular site for family gatherings" by the Los Angeles Times in 2002. It has an auditorium, baseball diamonds, basketball courts, playgrounds for children, football fields and even dedicated areas to eat. During heatwaves, you could benefit from its outdoor swimming pool. This is an ideal, clean and friendly place, with lots of greenery and shades.

The PRESTIGE MLS agents

Syd Leibovitch
Director
Rodeo Realty
Mark A. McLaughlin
Director
Pacific Union International
Los Angeles
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