Zumper
modified
2 Days Ago

Highlights

  • Spacious storage options
  • Sparkling swimming pool
  • Gated underground parking
  • Newly renovated units
  • Bbqs
  • Lounge chairs

Location

14556 Magnolia Blvd, Sherman Oaks, CA 91403, USA|Sherman Oaks
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Contact

Management

TruAmerica Multifamily LLC

Leasing office

(844) 336-1024 ext. 9097

Open 

Friday 8:00 am–5:00 pm PT

Property Overview

Terraces at the Summit offers an overall Zumper rating of 8 out of 10, highlighting its excellent amenities and strong value for the price. With a location rating of 9, it provides residents convenient access to key points of interest and transport options. Notable features include spacious storage options, a sparkling swimming pool, and newly renovated units, making this property a compelling choice for renters seeking quality living.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.0
Very Good
With a solid 8 out of 10 overall, Terraces at the Summit is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Terraces at the Summit has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • High school nearby
  • Middle school nearby

Floor plans

0x1AR1Studio1 bath575 sqft$1,825 /mo
0x1ACStudio1 bath575 sqft$2,100 /mo
1x1AR11 bed1 bath770 sqft$2,300 /mo1 unit available
1x1AC1 bed1 bath770 sqft$2,300 /mo1 unit available
1x1BR11 bed1 bath770 sqft$2,375 /mo
1x1BC1 bed1 bath770 sqft$2,375 /mo

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Amenities for Terraces at the Summit

Grounds

Garage Parking
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

$500

OPTIONAL FEES

Parking Policy

Covered Lot

Street

Covered Lot

Parking Fee

Monthly. 2 covered lots max. Unassigned parking.

Contact Property

Street

Parking Fee

Monthly. 2 streets max. Unassigned parking.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Units50
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About Terraces at the Summit

HomeApartments in Los AngelesSherman Oaks Terraces at the Summit

Welcome home! Enjoy our newly renovated units and a vibrant community setting. Residents can relax in a well-lit courtyard featuring a sparkling swimming pool, lounge chairs, and shaded tables—perfect for unwinding. The beautifully landscaped backyard offers BBQs and shaded seating, creating the ideal outdoor retreat. Our community also includes on-site fitness facilities, convenient laundry rooms, and spacious storage options. Plus, enjoy the security and convenience of gated underground parking, with one assigned space included in rent. Experience comfort, convenience, and modern living—welcome home! Our Sherman Oaks location (14556 Magnolia Blvd. just west of Van Nuys Blvd.) is two minutes away from the 405 and 101 freeways, and the Sherman Oaks Galleria, Regal Theatres, Balboa Park, Sepulveda Dam Recreation Area, Ventura Blvd and much more are a short drive. Sherman Oaks park is a five minute walk away, with tennis/basketball courts, two running paths, multiple baseball diamonds and soccer fields. Please call with questions or to schedule a showing. We are available M-F 9-6 pm by appointment only


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very Good
With a solid 8 out of 10 overall, Terraces at the Summit is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Terraces at the Summit has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Terraces at the Summit
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Terraces at the Summit stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Terraces at the Summit is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Terraces at the Summit is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Terraces at the Summit does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Terraces at the Summit provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Terraces at the Summit compares to other nearby properties.

Positives

More space
Studio is 75 sqft larger than other listings nearby
High school nearby
There is a high school 2 miles away
Middle school nearby
There is a middle school 0.3 mile away
More space
The 1-bedroom is 70 sqft larger than other listings nearby

Considerations

Grow a garden indoors
A balcony, backyard, or shared outdoor space isn't available

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Rent trends in Sherman Oaks

Studio apartments at Terraces at the Summit cost about 2% more than the average rent price for studios in Sherman Oaks.

1-bedroom apartments here are priced 6% higher than 1-bedrooms in Sherman Oaks.

Median rents as of Dec 27 2025.
Sherman Oaks
Los Angeles
A table of studio rental data trends in Los Angeles
MonthMedian Rent
January 2024$1,795
February 2024$1,695
March 2024$1,712
April 2024$1,718
May 2024$1,750
June 2024$1,778
July 2024$1,816
August 2024$1,848
September 2024$1,848
October 2024$1,801
November 2024$1,814
December 2024$1,845
January 2025$1,848
February 2025$1,815
March 2025$1,810
April 2025$1,756
May 2025$1,745
June 2025$1,750
July 2025$1,750
August 2025$1,736
September 2025$1,702
October 2025$1,702
November 2025$1,709
December 2025$1,738
A table of studio rental data trends in Sherman Oaks
MonthMedian Rent
January 2024$1,850
February 2024$1,795
March 2024$1,865
April 2024$1,842
May 2024$1,795
June 2024$1,822
July 2024$1,894
August 2024$1,879
September 2024$1,755
October 2024$1,881
November 2024$1,909
December 2024$1,891
January 2025$1,852
February 2025$1,921
March 2025$1,872
April 2025$1,823
May 2025$1,905
June 2025$1,919
July 2025$1,854
August 2025$1,818
September 2025$1,895
October 2025$1,901
November 2025$1,895
December 2025$1,903

Affordability calculator

Can I afford to live at 14556 Magnolia Blvd?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$78,500/yr

With your selected rent-to-income ratio, you'd ideally want to make $78,500 annually to afford this studio median monthly rent price of $1,962.
For more information on rent affordability, visit our rent calculator.

Schools near Terraces at the Summit

Kester Avenue Elementary School

5353 kester ave

van nuys, CA, 91411

K-5Public
A-

Charles Leroy Lowman Special Ed & Career Transition Center

12827 saticoy st

north hollywood, CA, 91605

K-12Public

Lokrantz Special Education Center

19451 wyandotte st

reseda, CA, 91335

K-12Public

Sophia T. Salvin Special Education Center

1925 budlong ave

los angeles, CA, 90007

K-10Public

Marlton

4000 santo tomas dr

los angeles, CA, 90008

K-12Public
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Neighborhood

Sherman Oaks | Los Angeles, CA

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Sherman Oaks near 14556 Magnolia Blvd

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

4/10
Frequent public transit options are within walking distance.

Points of interest for 14556 Magnolia Blvd, Sherman Oaks

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

7/10
At least one elementary school within a 20-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Parks

9/10
Large amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

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