| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10740 Blix St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 2013-01-18 |
| Transaction Price | $109,001 |
| Buyer | DAVIS DANIEL B |
| Seller | DAVIS KATHLEEN T |
10740 Blix St North Hollywood Multifamily Investment
This 20-unit property benefits from strong neighborhood occupancy of 93.6% and proximity to major entertainment employers. CRE market data from WDSuite indicates the area ranks in the top quartile nationally for housing fundamentals and amenity access.
The North Hollywood neighborhood ranks 104th among 1,491 metro neighborhoods with an A rating, positioning it in the top quartile for overall investment fundamentals. With 76.9% of housing units occupied by renters — ranking 96th metro-wide in the 98th national percentile — the area demonstrates strong rental demand that supports occupancy stability and lease retention.
Built in 1986, this property aligns with the neighborhood's average construction year of 1982, suggesting consistent building stock that may present value-add renovation opportunities for investors seeking to enhance unit appeal and rental rates. The area's median home value of $993,373 ranks in the 97th national percentile, reinforcing rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Demographics within a 3-mile radius show a stable population of approximately 184,000 with 64.5% renter-occupied units. Household income growth of 32.7% over five years supports rent growth potential, while projected population growth to nearly 199,000 by 2028 indicates expanding renter demand. The neighborhood's 91st national percentile ranking for cafe density and 97th percentile for grocery stores enhances tenant retention through walkable amenities.
Current median contract rent of $2,028 represents 36% growth over five years, with neighborhood occupancy rates holding steady at 93.6%. The area's strong amenity infrastructure and proximity to employment centers in entertainment and media support consistent leasing velocity and tenant satisfaction.
The neighborhood demonstrates favorable safety trends for multifamily investors, ranking 357th among 1,491 metro neighborhoods for overall crime metrics — placing it in the 76th national percentile. Property offense rates have declined significantly by 81.1% year-over-year, ranking 201st metro-wide in the 98th national percentile for improvement trends.
Violent crime rates remain relatively low at 19.7 incidents per 100,000 residents, with the area showing substantial improvement with a 96% decline in violent offenses year-over-year — ranking 101st metro-wide in the 100th national percentile for safety improvements. These positive trends support tenant retention and property values in the competitive North Hollywood rental market.
The property benefits from proximity to major entertainment and media employers that anchor the regional economy and support consistent renter demand from industry professionals.
- Radio Disney — media and entertainment (1.4 miles)
- Disney — entertainment and media headquarters (2.3 miles) — HQ
- Charter Communications — telecommunications (3.2 miles)
- Live Nation Entertainment — live entertainment (4.0 miles)
This 20-unit North Hollywood property offers investors access to a top-quartile neighborhood with strong rental fundamentals and entertainment industry employment. The area's 93.6% occupancy rate and 76.9% renter-occupied housing stock — ranking in the 98th national percentile — indicate sustained multifamily demand. According to commercial real estate analysis from WDSuite, the neighborhood's A rating reflects superior housing metrics and amenity access that support tenant retention.
Built in 1986, the property presents value-add renovation potential while benefiting from proximity to Disney headquarters and other major entertainment employers. Population growth projections to 199,000 by 2028 and household income increases of 32.7% over five years support expanding renter demand and rent growth potential. However, investors should monitor the area's rent-to-income ratio pressures and evaluate capital expenditure needs given the property's vintage.
- Top quartile neighborhood ranking with A-rated fundamentals and 98th percentile renter occupancy
- Proximity to Disney headquarters and major entertainment employers supporting workforce housing demand
- Strong occupancy trends at 93.6% with declining crime rates and improving neighborhood safety metrics
- Population growth projections and household income increases indicating expanding renter base
- Value-add renovation potential given 1986 construction year and neighborhood improvement trends