| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10756 Blix St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10756 Blix St North Hollywood Multifamily Investment
This 20-unit property benefits from North Hollywood's strong rental market fundamentals, with neighborhood occupancy at 93.6% and a renter-occupied housing share of 76.9% according to CRE market data from WDSuite.
North Hollywood ranks in the top quartile nationally among 1,491 metro neighborhoods for overall investment fundamentals, earning an "A" neighborhood rating. The area demonstrates strong rental demand with 76.9% of housing units renter-occupied, significantly above typical metro averages, supporting consistent tenant pool depth for multifamily properties.
Built in 1986, this property aligns with the neighborhood's average construction year of 1982, indicating stable building stock without immediate major capital expenditure pressures. Median contract rents of $2,028 position the area in the 92nd percentile nationally, while maintaining occupancy rates of 93.6% that suggest balanced demand and supply dynamics.
Demographics within a 3-mile radius show a stable tenant base with 184,350 residents and household incomes averaging $134,423. Population projections indicate 8.1% growth through 2028, with forecast household formation increasing 37.6%, expanding the potential renter pool. The area's 42.1% bachelor's degree attainment rate ranks in the 98th percentile nationally, supporting income stability and lease retention.
Amenity density supports tenant appeal, with grocery stores, restaurants, and cafes ranking in the 90th percentile or higher nationally. However, childcare availability ranks low, which may limit appeal to certain demographic segments. The area's urban core classification provides walkability and transit access that younger professional renters typically value.
Crime metrics show a mixed profile for North Hollywood. The neighborhood ranks 357th among 1,491 metro neighborhoods for overall crime, placing it above the metro median and in the 76th percentile nationally. Property offense rates have declined significantly, dropping 81.1% year-over-year, ranking in the 98th percentile nationally for improvement trends.
Violent crime rates remain relatively contained at 19.7 incidents per 100,000 residents, with a dramatic 96% year-over-year decrease that ranks in the 100th percentile nationally for improvement. While these positive trends support tenant retention and property appeal, investors should monitor whether recent improvements sustain over longer periods as part of ongoing market evaluation.
The North Hollywood area benefits from proximity to major entertainment and media employers, providing workforce housing opportunities for a stable professional tenant base.
- Radio Disney — media & entertainment (1.4 miles)
- Disney — media & entertainment (2.3 miles) — HQ
- Charter Communications — telecommunications (3.2 miles)
- Live Nation Entertainment — entertainment services (4.0 miles)
- Avery Dennison — manufacturing & materials (6.3 miles) — HQ
This North Hollywood property offers exposure to a high-performing rental market with demonstrated occupancy stability and strong demographic fundamentals. The neighborhood's 93.6% occupancy rate and 76.9% renter-occupied housing share indicate sustained rental demand, while projected household growth of 37.6% through 2028 supports long-term tenant pool expansion. Commercial real estate analysis from WDSuite confirms the area's top-quartile national ranking among metro neighborhoods, with median household incomes of $134,423 providing solid rent collection potential.
The 1986 construction year aligns with neighborhood norms, suggesting manageable near-term capital requirements while offering potential value-add opportunities through selective improvements. Proximity to major entertainment employers including Disney headquarters provides workforce housing demand from a stable professional tenant base, though investors should monitor market rent growth potential given current affordability ratios.
- Strong rental fundamentals with 93.6% neighborhood occupancy and 76.9% renter-occupied units
- Projected 37.6% household growth through 2028 expanding tenant pool
- Top-quartile neighborhood ranking with stable professional employment base
- 1986 vintage allows value-add potential without immediate major capital needs
- Risk consideration: Monitor rent-to-income ratios at 30% for affordability pressure