| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10620 Victory Blvd, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1972 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10620 Victory Blvd, North Hollywood Multifamily Opportunity
Investor profile points to steady renter demand supported by a high share of renter-occupied units in the neighborhood and strong daily-needs amenities, according to WDSuite’s CRE market data. Neighborhood occupancy has held near broader benchmarks, suggesting manageable leasing risk for a 52-unit asset.
The property sits in North Hollywood’s Urban Core, rated B+ and competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 475 of 1,441). Daily conveniences are a clear strength: grocery stores, pharmacies, and cafes place the area in the top quartile nationally, which helps underpin resident retention and day-to-day livability for multifamily renters.
Local renter concentration is elevated — 58% of neighborhood housing units are renter-occupied — indicating depth in the tenant base and consistent leasing velocity for multifamily operators. At the neighborhood scale, occupancy has hovered around the national middle, which typically supports stable cash flows with active leasing management.
Within a 3-mile radius, demographic data show modest population trends recently but growth in household counts, with projections calling for additional household gains by 2028. A growing number of households alongside slightly smaller average household sizes points to a larger prospective renter pool and supports occupancy stability.
Ownership costs are high relative to incomes in this part of Los Angeles (home values and value-to-income metrics rank in the upper national percentiles), which tends to reinforce renter reliance on multifamily housing and can support pricing power. One trade-off: park access is limited in the immediate area, which operators should consider when positioning amenities.
Neighborhood safety indicators compare favorably. Crime ranks near the safer end of the spectrum within the Los Angeles-Long Beach-Glendale metro (ranked 83 of 1,441), and the area sits in the upper national percentiles for safety. Recent year-over-year trends also indicate declines in both violent and property offenses, signaling improving conditions relative to prior periods.
As always, safety can vary by block and over time; investors should pair these comparative metrics with on-the-ground diligence and current reports for a complete view.
Proximity to major media and corporate employers supports workforce housing demand and commute convenience for renters, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (1.37 miles)
- Radio Disney — media (2.59 miles)
- Disney — entertainment (2.96 miles) — HQ
- Live Nation Entertainment — live entertainment offices (5.97 miles)
- Avery Dennison — packaging & materials (6.40 miles) — HQ
This 1972 vintage, 52-unit property offers durable renter demand in a North Hollywood Urban Core location where renter-occupied housing is prevalent and daily-needs amenities are strong. According to CRE market data from WDSuite, neighborhood occupancy is around national norms while ownership costs are elevated in national terms — a combination that tends to support leasing stability and measured pricing power for well-managed assets.
The asset’s older-than-average vintage versus local stock (1976 neighborhood average) points to potential value-add and capital planning opportunities to enhance competitiveness against newer product. Within a 3-mile radius, household counts have been rising and are projected to continue increasing by 2028, implying a larger tenant base and supporting long-run demand for multifamily units.
- High renter concentration and strong daily amenities support stable leasing
- Elevated ownership costs in the area reinforce multifamily demand
- 1972 vintage offers value-add and modernization upside relative to newer stock
- 3-mile household growth and projected gains expand the renter pool
- Risks: aging systems and limited nearby park space require thoughtful amenity and CapEx strategies