| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10619 Landale St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10619 Landale St, North Hollywood Multifamily Investment
Renter demand is reinforced by a high neighborhood share of renter-occupied units and steady occupancy patterns, according to WDSuite’s CRE market data. Neighborhood statistics reflect conditions around the property, not the property itself, supporting an investor read on stability rather than lease-up risk.
The location sits within an Urban Core pocket of Los Angeles that scores an A on neighborhood fundamentals and is competitive among Los Angeles neighborhoods (ranked 242 out of 1,441) for amenity access. Grocery, restaurant, and pharmacy density trend in the top quartile nationally, which typically supports day-to-day convenience and resident retention.
Rents in the surrounding neighborhood are elevated relative to many U.S. areas (national 92nd percentile), and occupancy has been resilient, helping frame expectations for stable cash flow at the submarket level. The share of housing units that are renter-occupied is notably high (top national percentile), signaling a deep tenant base for multifamily owners.
Within a 3-mile radius, demographics show a modest dip in recent population totals over the prior five years, but projections point to population growth and a substantial increase in households by 2028. A gradual reduction in average household size suggests steady demand for one- and two-bedroom product, supporting occupancy stability and leasing velocity.
Home values in the neighborhood are among the highest nationally (97th percentile). In practice, this high-cost ownership market sustains reliance on rentals, which can bolster pricing power and lease retention for well-managed assets. Average school ratings sit near the national midpoint, which may fit a broad renter profile, though it is not a distinct driver of premium rents.
The property’s 1987 vintage is slightly newer than the neighborhood average (1982), offering competitive positioning versus older stock. Investors should still plan for targeted modernization of systems and finishes to enhance rentability and reduce near-term capex surprises.
Safety indicators for the surrounding neighborhood compare favorably in a regional and national context. Overall crime ranks in the top quartile among 1,441 Los Angeles neighborhoods (lower rank indicates comparatively safer conditions), and the area sits above the national median for safety.
Year-over-year trends show meaningful declines in both property and violent offense estimates, according to WDSuite s data, which supports a constructive view on stability. Nationally, violent-offense levels track better than average and property-offense levels hover near the national midpoint—useful framing for resident retention and insurance considerations.
Nearby employment anchors span media, entertainment, and corporate services—sectors that underpin local renter demand and commute convenience for workforce and creative-class tenants. Employers listed below reflect the immediate employment base that can support leasing and retention.
- Radio Disney — media (1.2 miles)
- Disney — entertainment studios (2.2 miles) — HQ
- Charter Communications — telecommunications (3.5 miles)
- Live Nation Entertainment — entertainment (3.6 miles)
- Live Nation Entertainment — entertainment (5.7 miles) — HQ
10619 Landale St offers exposure to a high-renter neighborhood with durable amenity depth and strong relative incomes, supporting day-to-day convenience and leasing stability. Based on commercial real estate analysis from WDSuite, the surrounding area trends near the top nationally for renter concentration and amenity access, while ownership costs are elevated—conditions that typically sustain rental demand and help underpin pricing power.
The 1987 vintage provides a modest age advantage versus nearby stock, with potential upside from targeted interior and building-system updates. Within a 3-mile radius, projections indicate population growth and a notable increase in households through 2028, pointing to a larger tenant base and support for occupancy. Investors should balance these strengths against localized schooling that is near the national midpoint and select service gaps (e.g., childcare), which may influence unit mix targeting and marketing.
- High renter-occupied share and amenity depth support demand and retention
- Elevated ownership costs in the area reinforce reliance on multifamily rentals
- 1987 vintage offers competitive positioning with value-add modernization potential
- 3-mile outlook shows population and household growth, expanding the renter pool
- Risks: childcare scarcity and mid-range school ratings may temper family-driven demand