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Located in the San Fernando Valley between Studio City and Encino lies Sherman Oaks. Living in Sherman Oaks offers residents a quiet Los Angeles suburb that allows for city convenience with small-town peacefulness. Its close proximity to the 101 freeway offers quick access to Hollywood and Downtown L.A. High-end malls and a smattering of hip boutiques and restaurants are a draw for the families who call Sherman Oaks home, and the neighborhood has a reputation for being part of the affluent area of the Valley.