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Demographic
Information
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Land Area (Sq. Mi.):
8.1 |
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Population:
56,280 |
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African American:
5.2%
Asian American:
6.7%
Hispanic:
11.2%
White:
76.5%
Other:
0.4% |
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Median Housing Value:
$736,500
(average of east south valley as per Southland Regional
Association of Realtors) |
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Number of Households:
25,972 |
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Sherman Oaks, close to two major freeways, serves as a gateway to
the San Fernando Valley. The community is perhaps best known as the home of the Sherman
Oaks Galleria, considered by many to be the undisputed residence
of the Valley Girl, a cultural label popularized by the song and 1983 movie of the same
name. Numerous smaller boutiques and
plazas line Ventura Boulevard, providing residents and visitors with endless
window-shopping opportunities.
Many members of the financial industry, including banks and brokerage
houses, are located in the area.
Sherman Oaks was one of the first Valley communities to experience
intensive real estate development. Anticipating the development of the
Los Angeles Aqueduct in 1913, Los Angeles Suburban Homes Co. purchased
47,500 acres of the southeast Valley in 1910. In 1911, a subdivision map
called Tract 1000 was filed with the county. From that parcel, one of
the partners in the company, Gen. Moses Hazeltine Sherman, bought 1,000
acres for himself. |
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