| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10407 Magnolia Blvd, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2008 |
| Units | 42 |
| Transaction Date | 2011-07-18 |
| Transaction Price | $4,641,546 |
| Buyer | USEF RWS 10407 MAGNOLIA LLC |
| Seller | PUR TOLUCA APARTMENTS LLC |
10407 Magnolia Blvd North Hollywood 2008 Multifamily Investment
Neighborhood-level data points to a deep renter base and strong amenity access supporting tenant demand, according to WDSuite’s CRE market data; these metrics describe the surrounding neighborhood rather than the property itself.
Located in North Hollywood’s Urban Core, the property benefits from a neighborhood rated A- and ranked 296 of 1,441 within the Los Angeles-Long Beach-Glendale metro—competitive among Los Angeles-Long Beach-Glendale neighborhoods and above the metro median. Amenity density is a clear strength: grocery options score in the 99th percentile nationally, with cafes and restaurants also testing in the mid-90s, which helps leasing and day-to-day convenience for residents.
The building’s 2008 vintage stands newer than the neighborhood’s average 1971 construction year, giving it a competitive position versus older stock. Investors should still plan for targeted modernization over a typical hold to keep systems current and sustain leasing velocity against newer deliveries.
Renter concentration is high at the neighborhood level (share of housing units that are renter-occupied), indicating depth in the tenant pool and supporting multifamily demand. Within a 3-mile radius, recent years show slight population contraction alongside an increase in households and smaller average household sizes—conditions that often sustain apartment demand. Forecasts within this 3-mile radius point to population growth and a sizable increase in households over the next five years, which would expand the renter pool and support occupancy stability if realized.
Ownership costs are elevated locally, with neighborhood home values testing in the high national percentiles and value-to-income ratios near the top of U.S. neighborhoods. In practice, this high-cost ownership market tends to reinforce reliance on multifamily housing, supporting lease retention and pricing power, though rent-to-income levels in the area suggest some affordability pressure that warrants attentive lease management.
Two considerations to monitor: parks and pharmacies are relatively limited in the immediate area by count, and neighborhood occupancy has softened relative to metro norms. These factors place a premium on active marketing, renewals, and amenity programming to maintain performance. Insights are based on neighborhood metrics and national percentiles from WDSuite’s CRE datasets.
Neighborhood safety trends are comparatively favorable against national benchmarks, with overall crime positioning around the 70th percentile nationally—better than many U.S. neighborhoods. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area performs competitively rather than at the top, suggesting a generally serviceable safety profile in regional context.
Recent trend data shows substantial year-over-year improvement in both violent and property offense estimates, ranking near the best improvements nationally. While these shifts are encouraging, investors should evaluate on-the-ground conditions and property-level security practices as part of routine diligence, recognizing that figures reflect neighborhood-level patterns rather than the specific block.
Proximity to major entertainment and media employers underpins renter demand and commute convenience in this submarket, notably Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media (1.2 miles)
- Disney — entertainment studios (1.9 miles) — HQ
- Charter Communications — telecommunications (2.5 miles)
- Live Nation Entertainment — live entertainment offices (4.5 miles)
- Avery Dennison — materials & labeling (5.8 miles) — HQ
This 42-unit community, built in 2008, is positioned newer than much of the surrounding housing stock, supporting competitive leasing versus older assets while leaving room for targeted modernization to enhance rents and retention. Neighborhood fundamentals favor multifamily: a high share of renter-occupied housing units signals depth in the tenant base, and elevated ownership costs tend to sustain rental demand. According to CRE market data from WDSuite, amenity density (particularly groceries, cafes, and restaurants) is a standout, which supports day-to-day convenience and leasing appeal.
Forward-looking 3-mile-radius indicators point to growth in households and population, implying renter pool expansion that can support occupancy over time. Balanced against these tailwinds, investors should account for neighborhood occupancy that has trended softer than metro norms and manage affordability pressure (as implied by rent-to-income levels) through renewals discipline and unit positioning.
- 2008 vintage offers competitive positioning versus older stock, with selective value-add potential
- Amenity-rich Urban Core location supports leasing and resident retention
- High neighborhood renter concentration and elevated ownership costs reinforce multifamily demand
- 3-mile forecasts indicate household and population growth, expanding the renter base
- Risks: softer neighborhood occupancy and affordability pressure require active lease management