| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10621 Valley Spring Ln, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 45 |
| Transaction Date | 1998-02-24 |
| Transaction Price | $3,660,000 |
| Buyer | STUDIO HEIGHTS EQUITY LLC |
| Seller | CHUNG SAN HOLDINGS USA LTD |
10621 Valley Spring Ln North Hollywood Multifamily Investment
Positioned in an urban core pocket of North Hollywood with strong renter demand and amenity access, this asset benefits from neighborhood occupancy stability and income depth, according to WDSuite’s CRE market data. Neighborhood metrics, not property-level figures, indicate resilient leasing conditions supported by a large renter base and a high-cost ownership market.
The immediate neighborhood ranks 104 out of 1,441 Los Angeles metro neighborhoods with an A rating, signaling competitive fundamentals among metro peers. Amenity access is a clear strength: groceries, restaurants, cafes, parks, and pharmacies all score in the top decile nationally, supporting day-to-day convenience that helps leasing and retention.
Renter-occupied housing concentration is high at the neighborhood level (among the top tier in the metro), which typically indicates a deep tenant base and supports demand for multifamily units. Neighborhood occupancy trends are in the upper half nationally and have been broadly stable, which can aid underwriting around downtime and renewal assumptions.
Within a 3-mile radius, demographics show a sizable population with small average household size and a renter share above 60%, reinforcing multifamily demand depth. Projections over the next five years call for a meaningful increase in households and a return to population growth, implying a larger tenant base and support for occupancy stability as more renters enter the market.
Ownership costs in the area are elevated compared with national norms, and home values rank in the top few percent of neighborhoods nationwide. In practice, this high-cost ownership market sustains reliance on rental housing, which can bolster lease retention and pricing power for well-positioned assets. Rent-to-income near 30% suggests some affordability pressure, making thoughtful lease management and renewal strategies important.
Built in 1987, the property is slightly newer than the neighborhood’s average vintage (early 1980s). That positioning can be competitive versus older stock, while still leaving room for targeted modernization to sharpen curb appeal, unit finishes, and building systems where needed.
Neighborhood safety indicators are comparatively favorable: overall crime sits in the top quartile nationally, with violent-offense measures near the upper half and property-offense measures around the national midpoint. Year-over-year estimates point to notable declines across both violent and property categories, a trend consistent with improving conditions versus many urban peers. These are neighborhood-level indicators and not block-specific.
Proximity to major entertainment and media employers supports workforce housing demand and commute convenience for renters, including Radio Disney, Disney, Live Nation Entertainment, and Charter Communications.
- Radio Disney — corporate offices (1.3 miles)
- Disney — corporate offices (2.2 miles) — HQ
- Live Nation Entertainment — corporate offices (3.3 miles)
- Charter Communications — corporate offices (3.8 miles)
10621 Valley Spring Ln is a 45-unit, 1987-vintage multifamily asset positioned in a top-ranked Los Angeles metro neighborhood where renter demand is reinforced by amenity density and a high-cost ownership market. Neighborhood-level occupancy sits above many national peers, and the local renter-occupied share is high, supporting a broad tenant base and lease-up durability. According to CRE market data from WDSuite, the area’s income profile and amenity access align with solid NOI potential for well-managed assets.
Within a 3-mile radius, projections indicate population growth and a substantial increase in households over the next five years, expanding the renter pool and supporting occupancy stability. While rent-to-income near 30% warrants attentive lease management and renewal strategies, the property’s slightly newer-than-average vintage offers value-add flexibility through targeted renovations and system upgrades to enhance competitiveness against older stock.
- High renter concentration and amenity-rich location support steady multifamily demand and retention.
- Neighborhood occupancy and NOI potential compare favorably versus national benchmarks, per WDSuite data.
- 1987 vintage offers competitive positioning versus older stock with targeted renovation upside.
- 3-mile projections call for household growth, expanding the tenant base and supporting leasing stability.
- Risk: elevated ownership and rent-to-income levels require disciplined lease management and pricing strategy.