| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10341 Magnolia Blvd, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | 2015-10-30 |
| Transaction Price | $12,284,000 |
| Buyer | USEF RWS 10407 MAGNOLIA LLC |
| Seller | PUR HACIENDAS APARTMENTS LLC |
10341 Magnolia Blvd North Hollywood Multifamily Investment
Well-located in North Hollywood s Urban Core, the asset benefits from dense amenities and a deep renter base that supports durable leasing. According to WDSuite s CRE market data, neighborhood fundamentals point to steady renter demand even as occupancy trends vary across Los Angeles.
Situated in Los Angeles s North Hollywood Urban Core, the property is surrounded by strong daily-needs access grocery and dining densities rank in the high national percentiles, indicating convenience that tends to aid retention and lease-up. The neighborhood is competitive among Los Angeles neighborhoods (296 of 1,441) and carries an A- rating, with average school scores above the national median (73rd percentile), which can help sustain family-oriented renter appeal.
2008 construction is newer than the area s typical vintage (1971 average), giving the asset a relative edge versus older stock on finishes and systems; investors should still plan for periodic modernization to maintain competitiveness against ongoing deliveries.
Renter concentration in the neighborhood is high (about 73.8% of housing units are renter-occupied), signaling a deep tenant base. Within a 3-mile radius, approximately two-thirds of housing units are renter-occupied, and households have grown modestly despite a small population dip pointing to smaller household sizes and a steady flow of renters entering the market. These dynamics support absorption and help buffer seasonality.
Local rent levels and home values are elevated relative to national norms. A high-cost ownership market (neighborhood home values in the upper national percentiles) typically reinforces reliance on multifamily housing, supporting pricing power and lease stability. At the same time, a higher rent-to-income environment (neighborhood affordability pressure) warrants attentive lease management and renewal strategies.
Amenity depth is a clear advantage: cafes and restaurants rank in the mid-to-high 90th percentiles nationally, while grocery access is near the top of U.S. peers. A tradeoff is limited park and pharmacy count in the immediate neighborhood, which investors should weigh against the strong private-amenity and service mix common to this submarket.
Neighborhood safety compares favorably overall: crime performance is above the national median (around the 70th percentile nationwide) and competitive among Los Angeles neighborhoods. Recent data also indicate notable year-over-year declines in both violent and property offenses, according to WDSuite s CRE datasets, which supports a more stable operating backdrop.
That said, property offense levels sit closer to national mid-pack, so ongoing monitoring remains prudent. Investors should assess on-the-ground security practices and consider the broader Los Angeles-Long Beach-Glendale metro context when underwriting.
Proximity to major media and corporate offices supports renter demand, commute convenience, and retention. Notable nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney media offices (1.19 miles)
- Disney entertainment studios (1.88 miles) HQ
- Charter Communications telecommunications (2.47 miles)
- Live Nation Entertainment entertainment & events (4.46 miles)
- Avery Dennison materials & labeling (5.74 miles) HQ
The asset s 2008 vintage, strong renter concentration, and high-amenity Urban Core setting underpin a durable tenant base and competitive positioning versus the area s older stock. While neighborhood occupancy has moderated relative to national medians, elevated ownership costs and dense employment nodes nearby support ongoing renter demand and leasing stability. According to CRE market data from WDSuite, the neighborhood scores well on income growth and NOI per-unit performance relative to many peers, reinforcing the case for steady operations with thoughtful asset management.
Forward-looking demographics aggregated within 3 miles point to meaningful household expansion and a larger renter pool, which should aid absorption. Investors should balance these strengths with measured risks around affordability pressure and variable park access, aligning renovation scope and lease strategies accordingly.
- 2008 construction offers a competitive edge versus older neighborhood stock, with manageable modernization needs over time.
- High renter concentration and dense amenities support demand depth, retention, and pricing power.
- Proximity to major employers (media and corporate offices) underpins leasing and renewal velocity.
- Household growth within 3 miles expands the tenant base, aiding occupancy stability.
- Risks: softer neighborhood occupancy, affordability pressure, and limited park access warrant conservative underwriting and active lease management.