The subject property is situated in Sherman Oaks, an affluent residential community located in the southern San Fernando Valley. The submarket’s expansive green spaces, neighborhood charm, and central location make it a desirable place of residence for many and result in some of the strongest area demographicsin Los Angeles. Sherman Oaks offers single family, apartment and condominium living options all in close proximity to several business districts providing a diverse array of job opportunities including law, finance, accounting and architecture.