| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10625 Valley Spring Ln, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2003 |
| Units | 22 |
| Transaction Date | 2002-03-20 |
| Transaction Price | $1,250,000 |
| Buyer | VALLEY SPRING LLC |
| Seller | MEARS CLYDEAN E |
10625 Valley Spring Ln North Hollywood 22-Unit Investment
Renter demand is supported by a high neighborhood renter-occupied share and steady occupancy levels, according to WDSuite s CRE market data for North Hollywood. The area s newer-vintage asset relative to local stock positions this property for competitive leasing with selective updates.
This Urban Core neighborhood ranks 104th among 1,441 Los Angeles metro neighborhoods (A-rated), placing it in the top quartile nationally for overall livability and investment fundamentals. Amenity access is a strength: grocery, dining, and parks score in the higher national percentiles, which helps leasing velocity and retention for professionally managed assets.
The property s 2003 construction is newer than the neighborhood s average 1982 vintage. That typically supports competitiveness versus older stock while still warranting capital planning for mid-life systems and modernization to meet current renter expectations.
At the neighborhood level, occupancy is stable and above the national median, and the renter-occupied share is high, indicating a deep tenant base for multifamily. Median contract rents have risen over the past five years and remain aligned with an urban, high-demand context, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics show smaller average household sizes and modest recent softness in population, with forecasts calling for renewed population growth and a notable increase in households. That pattern points to a larger tenant base and supports occupancy stability, even as unit mix and pricing should account for evolving household composition.
Home values in the immediate area are elevated relative to income, framing a high-cost ownership market. For investors, that tends to reinforce reliance on rental housing and can support pricing power, though lease management should consider rent-to-income affordability pressure to mitigate turnover risk. Local schools average mid-range ratings, which may influence household preferences but does not typically diminish core renter demand in amenity-rich urban settings.
Safety indicators compare favorably in a regional and national context. The neighborhood sits in the top quartile for safety among 1,441 Los Angeles metro neighborhoods and is above the national median on crime safety percentiles, suggesting comparatively lower risk relative to many urban peers.
Recent trends are constructive: both property and violent offense rates show sharp year-over-year declines, ranking among the strongest improvements metro-wide and nationally. While conditions can vary block to block, the directional trend supports a more stable operating backdrop for multifamily assets.
Proximity to major entertainment and corporate offices underpins workforce housing demand and commute convenience for renters. Nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — corporate offices (1.3 miles)
- Disney — corporate offices (2.3 miles) — HQ
- Charter Communications — corporate offices (3.8 miles)
- Live Nation Entertainment — corporate offices (5.4 miles) — HQ
- Activision Blizzard Studios — corporate offices (5.9 miles)
This 22-unit asset in North Hollywood aligns with a renter-heavy Urban Core location where neighborhood occupancy is stable and amenity access is strong. The 2003 vintage is competitive versus older local stock and presents an opportunity to target selective renovations and system updates to enhance rent positioning without the scope of a full repositioning. Elevated for-sale home values relative to income bolster reliance on rental housing, supporting depth of demand and lease retention.
Within a 3-mile radius, projections indicate population growth and a meaningful increase in households, implying a larger tenant base and favorable leasing backdrop. According to CRE market data from WDSuite, the neighborhood s income performance per unit is competitive for the metro, while rent-to-income levels warrant disciplined renewals and careful pricing to protect occupancy.
- Renter-heavy neighborhood with stable occupancy supports consistent leasing
- 2003 construction offers competitive positioning vs. older nearby stock
- High-cost ownership market reinforces multifamily demand and retention
- 3-mile forecasts show growth in households, expanding the tenant base
- Risk: rent-to-income pressure and mid-range schools call for prudent pricing and amenities strategy