Zumper
modified
Updated 5+ 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 today 

10:00 am–6:00 pm PT

Property Overview

Terraces at the Summit earns a strong 8.3/10 overall rating, with standout marks for value, amenities, and location. Its notable features include newly renovated units, a sparkling swimming pool, gated underground parking, spacious storage options, BBQs, and lounge chairs. The property’s nearby public transit and grocery options add to its appeal for renters seeking convenience and comfort.

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

8.3
Very Good
With a solid 8.3 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

  • High school nearby
  • Middle school nearby
  • Less expensive

Floor plans

0x1AR1Studio1 bath575 sqft$1,765 /mo2 units available
0x1ACStudio1 bath575 sqft$1,865 /mo
1x1AC1 bed1 bath770 sqft$1,925 /mo1 unit available
1x1AR11 bed1 bath770 sqft$1,940 /mo
1x1BC1 bed1 bath770 sqft$2,015 /mo
1x1BR11 bed1 bath770 sqft$2,015 /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.

Contact Property

Street

Parking Fee

Monthly. 2 streets max.

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.
8.3
/10
Very Good
With a solid 8.3 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·10A 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 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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

High school nearby
There is a high school 2 miles away
Middle school nearby
There is a middle school 0.3 mile away
Less expensive
The 1-bedrooms are cheaper than other similar 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 3% less than the average rent price for studios in Sherman Oaks.

1-bedroom apartments here are priced 8% lower than 1-bedrooms in Sherman Oaks.

Median rents as of Aug 15 2026.
Sherman Oaks
Los Angeles
A table of studio rental data trends in Los Angeles
MonthMedian Rent
August 2024$1,850
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
January 2026$1,739
February 2026$1,721
March 2026$1,697
April 2026$1,690
May 2026$1,650
June 2026$1,651
July 2026$1,650
August 2026$1,650
A table of studio rental data trends in Sherman Oaks
MonthMedian Rent
August 2024$1,850
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
January 2026$1,965
February 2026$1,940
March 2026$1,897
April 2026$1,836
May 2026$1,782
June 2026$1,769
July 2026$1,824
August 2026$1,875

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

$72,600/yr

With your selected rent-to-income ratio, you'd ideally want to make $72,600 annually to afford this studio median monthly rent price of $1,815.
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

Burbank Unified Independent Learning Academy (Buila)

3715 allan ave

burbank, CA, 91505

K-12Public
B+

Lokrantz Special Education Center

19451 wyandotte st

reseda, CA, 91335

K-12Public

Allies for Every Child

12120 wagner st

culver city, CA, 90230

PKPublic
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Internet available near Terraces at the Summit

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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