| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10640 Woodbridge St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2008 |
| Units | 21 |
| Transaction Date | 2016-01-12 |
| Transaction Price | $14,725,000 |
| Buyer | 10640 Woodbridge Villa, LLC |
| Seller | Verona Villas LLC |
10640 Woodbridge St North Hollywood Multifamily Investment
Positioned in an amenity-rich pocket of North Hollywood, the neighborhood s renter-occupied share and steady occupancy support durable cash flow, according to WDSuite s CRE market data. This asset s 2008 vintage offers competitive appeal versus older local stock.
The surrounding neighborhood rates A and is competitive among Los Angeles neighborhoods (104 of 1,441), with lifestyle convenience as a core strength. Amenity density sits in the top quartile nationally, including strong access to groceries (97th percentile), pharmacies (95th), parks (90th), and a deep restaurant and cafe scene (both mid-90s percentiles). For investors, this supports leasing velocity and day-to-day livability that helps with retention.
Renter demand is reinforced by a high concentration of renter-occupied housing units at the neighborhood level, placing the area among the highest renter shares in the metro. Neighborhood occupancy trends are solid by national comparison and have been stable in recent years, which supports income durability for multifamily assets.
The property s 2008 construction is newer than the local average vintage (1982). Newer construction typically competes well versus older inventory, though investors should still underwrite ongoing system maintenance and selective modernization to sustain positioning.
Home values in the area are elevated (97th percentile nationally), indicating a high-cost ownership market that tends to sustain reliance on multifamily housing. At the same time, rent-to-income metrics point to some affordability pressure relative to national norms; prudent lease management and value-focused amenity upgrades can help support retention.
Within a 3-mile radius, demographics show a large working-age base today and forecasts from WDSuite indicate population growth with a notable increase in households over the next five years, alongside a gradual shift toward smaller household sizes. For investors, that points to a larger tenant base and continued depth for professionally managed rentals. Average school ratings in the broader neighborhood are around the national midpoint, an acceptable baseline for many urban-core renters.
Safety indicators compare favorably in a regional and national context. The neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods and sits above the national midpoint, indicating comparatively safer conditions than many urban peers. Recent data also show meaningful year-over-year declines in both violent and property offenses at the neighborhood level. As always, investors should evaluate property-level security, building access, and lighting as part of asset operations.
Nearby media and corporate employers help anchor demand and shorten commutes for renters, with proximity to Radio Disney, Disney, Live Nation Entertainment, Avery Dennison, and AECOM supporting leasing stability.
- Radio Disney media & entertainment offices (1.3 miles)
- Disney media & entertainment (2.3 miles) HQ
- Live Nation Entertainment media & entertainment (3.5 miles)
- Avery Dennison packaging materials (6.1 miles) HQ
- AECOM engineering & infrastructure (6.9 miles) HQ
10640 Woodbridge St is a 21-unit asset delivered in 2008, a relative advantage versus the neighborhood s older average vintage. The area features high renter concentration, stable neighborhood occupancy, and strong amenity access factors that typically support leasing velocity and income consistency. Elevated for-sale home values suggest a sustained renter pool, while the urban amenity base aids retention.
Within a 3-mile radius, WDSuite s commercial real estate analysis points to forecasts for population growth and a sizable increase in households over the next five years, implying renter pool expansion. Investors should balance this demand outlook with practical underwriting around rent-to-income affordability pressure and average school ratings, focusing on operational execution and targeted upgrades rather than outsized rent assumptions.
- 2008 vintage positions the asset competitively versus older neighborhood stock
- High neighborhood renter-occupied share and solid occupancy support demand stability
- Amenity-rich Urban Core location bolsters leasing and retention
- 3-mile forecasts indicate population growth and more households, expanding the tenant base
- Risks: affordability pressure relative to income and average school ratings may temper pricing power