| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12040 Strathern St, N Hollywood, CA, 91605, US |
| Region / Metro | N Hollywood |
| Year of Construction | 1978 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12040 Strathern St N Hollywood Multifamily Investment
This 46-unit property built in 1978 offers value-add potential in a neighborhood with 57% renter-occupied housing. Commercial real estate analysis from WDSuite shows median home values above $693,000 supporting rental demand retention.
The North Hollywood neighborhood ranks in the top quartile nationally for crime safety (76th percentile) among 1,441 metro neighborhoods, with both violent and property crime rates declining significantly over the past year. The area maintains a 92% occupancy rate and median rents of $1,674, reflecting stable rental demand in this urban core location.
Demographics within a 3-mile radius show 199,000 residents with 57% of housing units renter-occupied, indicating strong multifamily fundamentals. Median household income of $69,371 supports current rent levels, though the rent-to-income ratio suggests some affordability pressure that requires careful lease management consideration.
The property's 1978 construction year aligns with the neighborhood average, presenting potential value-add opportunities through strategic renovations and unit improvements. With median home values at $693,000 and a high value-to-income ratio (99th percentile nationally), elevated ownership costs reinforce rental demand and sustain renter reliance on multifamily housing.
Amenity access includes strong park density (93rd percentile nationally) though limited grocery and restaurant options nearby. Five-year forecasts project 32% household growth and median income increases to over $100,000, expanding the potential tenant base and supporting long-term occupancy stability.
The neighborhood demonstrates strong safety fundamentals, ranking in the top quartile nationally for overall crime metrics (76th percentile among all U.S. neighborhoods). Property crime rates have declined dramatically by 74% over the past year, while violent crime dropped 91%, indicating improving security conditions.
Current property offense rates of 174 per 100,000 residents place this area above metro median among Los Angeles-Long Beach-Glendale neighborhoods, with ongoing downward trends supporting tenant retention and leasing stability for multifamily properties.
The property benefits from proximity to major corporate employers including entertainment and telecommunications companies, supporting workforce housing demand for commuting professionals.
- Charter Communications — telecommunications (3.1 miles)
- Radio Disney — media & entertainment (5.3 miles)
- Disney — entertainment & media (5.7 miles) — HQ
- Live Nation Entertainment — entertainment services (8.4 miles)
- Avery Dennison — industrial materials (8.9 miles) — HQ
This 46-unit North Hollywood property presents value-add potential in a stabilizing neighborhood with strong rental fundamentals. Built in 1978, the asset offers renovation upside while benefiting from 92% neighborhood occupancy rates and declining crime trends. CRE market data from WDSuite indicates median home values above $693,000 reinforce rental demand, as elevated ownership costs keep households in the multifamily market.
Demographic projections within a 3-mile radius show 32% household growth over five years, with median incomes forecast to increase 45% to over $100,000, expanding the potential tenant base. The 57% renter-occupied housing share supports sustained multifamily demand, though rent-to-income ratios require careful lease management and renewal strategies.
- Strong safety profile with 76th percentile national crime ranking and declining offense rates
- Value-add renovation potential in 1978-built property with neighborhood occupancy at 92%
- High ownership costs ($693K median home values) sustain rental demand
- 32% projected household growth supports long-term tenant base expansion
- Risk consideration: Rent-to-income ratios require active lease management strategies