| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10301 Magnolia Blvd, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2009 |
| Units | 40 |
| Transaction Date | 2011-07-18 |
| Transaction Price | $4,482,044 |
| Buyer | USEF RWS 10407 MAGNOLIA LLC |
| Seller | PUR CASITA APARTMENTS LLC |
10301 Magnolia Blvd North Hollywood Multifamily Opportunity
Newer vintage in an amenity-dense Urban Core supports renter demand and competitive positioning, according to WDSuite s CRE market data. Neighborhood metrics suggest a deep renter base and pricing supported by a high-cost ownership market.
The property s 2009 construction stands notably newer than the neighborhood s average 1970s housing stock, suggesting relative competitiveness versus older assets while still warranting standard capital planning over a hold period. The area ranks in the top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods (A- rating), indicating strong overall fundamentals for multifamily.
Local amenity access is a clear strength: grocery and caf e9 density scores in the high national percentiles, and restaurants are well represented. Average school ratings sit above the national median, offering broader livability support for leasing, while the immediate neighborhood s occupancy trend is below the national median and should be underwritten conservatively. Median rents are elevated versus national norms, reinforcing the need for product differentiation and asset quality to sustain absorption.
Tenure patterns favor multifamily: the neighborhood shows a high share of renter-occupied units, pointing to a sizable tenant base and steady leasing visibility. Within a 3-mile radius, recent years show a modest dip in population but growth in households alongside smaller average household sizes dynamics that can expand the renter pool. Forecasts point to increases in both population and households over the next five years, supporting demand durability for well-managed assets.
Home values sit in the upper national percentiles and the value-to-income ratio is high, signaling a high-cost ownership market that tends to sustain reliance on multifamily housing. For investors, this backdrop supports rent stabilization and retention strategies, though lease management should account for rent-to-income pressures and competition from newer product across the metro.
Neighborhood safety indicators compare favorably at roughly the 70th percentile nationally and are competitive among Los Angeles neighborhoods (ranked relative to 1,441 metro neighborhoods). Recent data also shows notable year-over-year declines in both property and violent offense rates, which, if maintained, can help leasing stability. As always, investors should evaluate block-level nuances and property-specific security measures as part of due diligence.
Proximity to major media, entertainment, telecom, and corporate services employers supports a robust commuter tenant base and retention potential for workforce and creative-class renters.
- Radio Disney corporate offices (1.2 miles)
- Disney corporate offices (1.8 miles) HQ
- Charter Communications telecom & media offices (2.4 miles)
- Live Nation Entertainment corporate offices (4.5 miles)
- Avery Dennison corporate offices (5.7 miles) HQ
10301 Magnolia Blvd offers 40 units averaging near 1,000 square feet, delivering larger floor plans relative to much of the older local stock. Based on CRE market data from WDSuite, the surrounding neighborhood sits in the metro s top quartile with strong amenity access and a high renter concentration, while ownership costs remain elevated factors that support a deep tenant base and pricing resilience for quality assets.
The 2009 vintage positions the property competitively versus 1970s-era comparables, with potential to drive rent premiums through targeted modernization rather than heavy repositioning. Underwriting should remain prudent around neighborhood occupancy that trails national medians and rent-to-income pressures, but forecast growth in households within 3 miles and proximity to major employers can underpin steady absorption and retention.
- Newer 2009 vintage versus older local stock, supporting competitive positioning with manageable capital planning.
- High renter concentration and elevated ownership costs bolster multifamily demand depth and leasing visibility.
- Household growth and smaller household sizes within 3 miles expand the renter pool and support occupancy stability.
- Employer proximity across media, entertainment, and telecom supports retention and day-one demand.
- Risk: neighborhood occupancy trails national medians and rent-to-income pressure warrants disciplined lease management.