Sherman Oaks is an affluent neighborhood in the San Fernando Valley region of the city of Los Angeles, California. It has two city parks and a senior center. The neighborhood includes eight public and seven private schools. The main commercial pedestrian-friendly shopping district was established in 1999 and is known as “The Village at Sherman Oaks.” This unique shopping district is the heart of the commercial area. The Village at Sherman Oaks is located along Ventura Boulevard between Van Nuys Boulevard and Cedros Avenue. It continues along Van Nuys Boulevard between Ventura Boulevard and Hortense Avenue.
A partner of the Los Angeles Suburban Homes Company, Gen. Moses Hazeltine Sherman, developed Sherman Oaks. The company had subdivided 1,000 acres (400 ha) of land that would become Sherman Oaks. In 1927 each acre was sold for $780.
In 1991 Marvin Braude, a member of the Los Angeles City Council, redesignated a 45-block area from being a part of Van Nuys to being a part of Sherman Oaks. This redesignated area included the community of Magnolia Woods. Some area residents had presented a petition and several original deeds that stated “Sherman Oaks” to Braude. They argued that the area was originally a part of Sherman Oaks until the 1960s, when ZIP codes labeling the area as Van Nuys were established.
The 1994 Northridge earthquake caused damages in the surrounding area. The Community Redevelopment Agency sought to manage the rebuilding efforts. The homeowners in the Sherman Oaks area filed a lawsuit to prevent the agency from managing efforts, and the lawsuit went in the favor of the homeowners.