| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10707 Moorpark St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1972 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10707 Moorpark St North Hollywood Multifamily Investment
Positioned in an Urban Core pocket with strong renter demand and stable neighborhood occupancy, this asset benefits from deep tenant depth and amenity access, according to WDSuite’s CRE market data.
The property sits in a North Hollywood Urban Core neighborhood that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 104 out of 1,441). Amenity density is a clear strength: grocery access trends in the 97th percentile nationally, restaurants in the 96th, cafes in the 91st, parks in the 90th, and pharmacies in the 95th. This supports leasing velocity and day-to-day livability for residents.
Neighborhood occupancy is approximately 93.6% and has been steady over the past five years, aiding income durability for multifamily owners. The renter-occupied share of housing units is about 76.9%, indicating a deep tenant base that typically supports absorption and renewal activity. Average schools measure around mid-pack nationally (roughly 2.5 out of 5), which may matter less for studios and one-bedrooms but can influence demand mix for larger units.
Ownership is a high-cost proposition locally: home values trend in the 97th percentile nationally with a very high value-to-income ratio (99th percentile). This high-cost ownership market tends to sustain rental reliance and can support pricing power for well-positioned properties, while the neighborhood’s rent levels (around the 92nd percentile) underscore the need for attentive lease management and value delivery.
Within a 3-mile radius, recent population change has been modestly negative, but forecasts point to population and household growth over the next five years alongside declining household sizes. This combination typically expands the renter pool and supports occupancy stability for professionally managed buildings. These dynamics, based on CRE market data from WDSuite, suggest continued demand for quality rental housing near employment and services.
Safety indicators compare favorably in a broader context. The neighborhood sits in the top quartile nationally for overall crime safety, and recent estimates show sharp year-over-year declines in both property and violent offense rates. While conditions can vary block to block, the broader trend suggests improving safety momentum relative to many urban neighborhoods.
Against metro peers (1,441 neighborhoods in Los Angeles-Long Beach-Glendale), the area is competitive, with national percentiles indicating better performance than many urban cores. Investors should still underwrite site-specific security measures, but neighborhood-level trends are directionally supportive for retention and leasing.
Proximity to major media and corporate employers underpins renter demand, with a strong base in entertainment and communications plus several corporate headquarters within commuting range. The following anchors help support leasing and retention for workforce and creative-sector tenants.
- Radio Disney — media (1.3 miles)
- Disney — media & entertainment (2.3 miles) — HQ
- Charter Communications — telecommunications (3.6 miles)
- Live Nation Entertainment — entertainment (5.6 miles) — HQ
- Avery Dennison — materials & packaging (6.2 miles) — HQ
10707 Moorpark St is a 41-unit, 1972-vintage asset in an amenity-rich Urban Core location of North Hollywood. Neighborhood occupancy is stable near the mid-90s and renter-occupied housing is prevalent, indicating depth of tenant demand. Elevated home values relative to incomes reinforce renter reliance, while strong food, retail, and park access support resident satisfaction and renewal prospects. Based on commercial real estate analysis from WDSuite, these dynamics align with sustained leasing fundamentals.
The 1972 construction suggests potential value-add and capital planning opportunities around interiors, building systems, and curb appeal to stay competitive versus newer stock (the neighborhood skews slightly newer on average). Within a 3-mile radius, forecasts indicate growth in population and households alongside smaller household sizes, which typically expands the renter pool and supports occupancy stability. Investors should balance these positives with affordability pressure at higher rent levels and execute targeted renovations to maintain pricing power.
- Urban Core location with top-tier amenity access supporting leasing and retention
- Stable neighborhood occupancy and high renter-occupied share underpin demand depth
- 1972 vintage offers value-add potential through targeted renovations and system upgrades
- High-cost ownership market reinforces multifamily demand and pricing power potential
- Risks: affordability pressure at higher rents and capex needs for an older asset