| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10741 Camarillo St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 48 |
| Transaction Date | 2016-07-28 |
| Transaction Price | $17,050,000 |
| Buyer | Nidal A Barakat Family Trust |
| Seller | The Laramar Group, LLC |
10741 Camarillo St North Hollywood Multifamily Investment
This 48-unit property sits in a neighborhood with strong renter demand, with 77% of housing units occupied by renters and neighborhood-level occupancy at 94%, according to CRE market data from WDSuite.
This North Hollywood neighborhood ranks in the top quartile nationally for amenities and housing fundamentals, with demographics aggregated within a 3-mile radius showing a stable renter base. The area maintains 77% rental occupancy among housing units, well above typical suburban markets, supporting consistent tenant demand for multifamily properties.
Built in 1987, this property aligns with the neighborhood's average construction year of 1982, indicating potential value-add opportunities through selective renovations and unit upgrades. Median contract rents in the neighborhood reach $2,028, ranking in the 92nd percentile nationally, while household incomes average $83,754 with 25% growth over five years.
The neighborhood benefits from strong amenity density, ranking in the 78th percentile nationally with notable restaurant and grocery access. Demographics show 42% of residents hold bachelor's degrees (98th percentile nationally), and population projections indicate 8% growth through 2028, expanding the potential tenant pool. Home values averaging $993,373 reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing.
Current neighborhood-level occupancy stands at 94%, though this has declined slightly over five years, suggesting the need for active lease management and competitive positioning. Schools average 2.5 out of 5 stars, which may influence family tenant retention but aligns with broader urban core dynamics in Los Angeles County.
Crime metrics show the neighborhood performing above the metro median among 1,441 Los Angeles area neighborhoods, ranking in the 76th percentile nationally for overall safety. Property crime rates have declined significantly, dropping 81% year-over-year, while violent crime rates decreased 96% over the same period.
Current property offense rates of 307 incidents per 100,000 residents place the area near the metro median, while violent crime remains relatively low at 20 incidents per 100,000 residents. These improving safety trends support tenant retention and can enhance the property's competitive position for lease renewals.
The property benefits from proximity to major entertainment and media employers, providing workforce housing for a diverse professional tenant base in North Hollywood's established employment corridor.
- Radio Disney — media & entertainment (1.4 miles)
- Disney — entertainment & media offices (2.3 miles) — HQ
- Charter Communications — telecommunications (3.1 miles)
- Live Nation Entertainment — entertainment services (4.1 miles)
- Avery Dennison — materials & manufacturing (6.2 miles) — HQ
This 48-unit North Hollywood property offers exposure to a stable rental market with 77% of neighborhood housing units occupied by renters and 94% neighborhood-level occupancy. Built in 1987, the property presents value-add potential through strategic renovations, particularly given the neighborhood's strong rent levels at $2,028 median and 42% college-educated resident base. Demographics within a 3-mile radius project 8% population growth through 2028, expanding the tenant pool while elevated home values near $1 million reinforce rental demand.
The location benefits from proximity to major entertainment employers including Disney headquarters and strong amenity access, ranking in the top quartile nationally. However, investors should monitor the slight occupancy decline over five years and consider competitive positioning strategies, as rent-to-income ratios suggest affordability pressures that may affect renewal rates and require active lease management.
- Strong rental market with 77% renter occupancy and 94% neighborhood-level occupancy
- Value-add potential through renovations of 1987 vintage property
- Proximity to Disney headquarters and entertainment industry employers
- 8% projected population growth through 2028 expanding tenant base
- Risk: Slight occupancy decline trend requires active lease management