| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11737 Vanowen St, N Hollywood, CA, 91605, US |
| Region / Metro | N Hollywood |
| Year of Construction | 1978 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11737 Vanowen St N Hollywood Multifamily Investment
This 23-unit property sits in a neighborhood with 97.1% occupancy and a 71.5% rental share, indicating strong multifamily property research fundamentals according to WDSuite's CRE market data.
Built in 1978, this property aligns with the neighborhood's average construction year of 1976, suggesting consistent building stock with potential value-add opportunities through strategic capital improvements. The area demonstrates strong rental fundamentals with neighborhood-level occupancy at 97.1%, ranking in the top quartile nationally among the 1,441 metro neighborhoods.
The neighborhood maintains a rental-dominant housing profile with 71.5% of units occupied by renters, ranking in the 97th percentile nationally. This high concentration of rental housing reinforces consistent demand for multifamily properties. Demographics within a 3-mile radius show a stable population base of approximately 235,000 residents, with projections indicating household growth through 2028 that should support continued rental demand.
Median home values of $714,884 with 55.9% appreciation over five years create pricing dynamics that reinforce rental demand, as elevated ownership costs keep households in the rental market longer. The neighborhood's median contract rent of $1,638 has grown 35.8% over five years, though affordability pressures reflected in rent-to-income ratios suggest careful lease management considerations.
Amenity access supports tenant retention with strong grocery store density ranking in the 99th percentile nationally and robust childcare availability in the 94th percentile. The area maintains an Urban Core designation with good restaurant density, though limited pharmacy and cafe options may affect convenience appeal for some tenant segments.
The neighborhood demonstrates improving safety trends with property crime rates declining 85.3% year-over-year and violent crime down 96.2%, placing both metrics in the top percentile nationally for crime reduction. Current property crime rates rank in the upper-middle range among the 1,441 metro neighborhoods, while violent crime rates perform above metro averages.
These positive safety trends support tenant retention and leasing velocity, as prospective renters increasingly prioritize secure living environments. The significant crime reduction trajectory suggests ongoing neighborhood stabilization that benefits long-term property operations.
The property benefits from proximity to major entertainment and corporate employers that support workforce housing demand, including media companies and Fortune 500 headquarters within commuting distance.
- Charter Communications — telecommunications (2.6 miles)
- Radio Disney — media & entertainment (3.9 miles)
- Disney — entertainment & media (4.5 miles) — HQ
- Live Nation Entertainment — entertainment services (6.9 miles)
- Avery Dennison — materials & packaging (8.0 miles) — HQ
This 1978-vintage property presents a value-add opportunity in a neighborhood with exceptional occupancy fundamentals and strong rental demand drivers. The 97.1% neighborhood occupancy rate and 71.5% rental share indicate stable multifamily demand, while the property's construction year aligns with neighborhood norms and suggests renovation upside potential. Commercial real estate analysis from WDSuite shows the area ranking in the top quartile nationally for housing metrics, supported by proximity to major entertainment employers including Disney headquarters.
Demographics within a 3-mile radius project household growth through 2028, with median income increases of 44.8% forecasted to support rental demand expansion. High home values relative to incomes reinforce renter reliance on multifamily housing, though rent-to-income ratios require careful lease management to maintain retention rates.
- Neighborhood occupancy at 97.1% ranks top quartile nationally among 1,441 metro areas
- Strong rental housing concentration at 71.5% supports consistent multifamily demand
- 1978 construction year offers value-add renovation opportunities in stable neighborhood
- Proximity to Disney headquarters and entertainment employers supports workforce housing demand
- Monitor rent-to-income pressures and potential ownership competition as affordability dynamics evolve