| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10825 Blix St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 2001-06-27 |
| Transaction Price | $2,085,000 |
| Buyer | SANTA BARBARA EQUITIES |
| Seller | SIU KIN FAN |
10825 Blix St North Hollywood Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy stability, according to WDSuite’s CRE market data. A high share of renter-occupied units and strong local amenities support leasing durability for a 20-unit asset in this Los Angeles submarket.
The neighborhood ranks 104 out of 1,441 Los Angeles–area neighborhoods (A-rated), placing it in the top quartile locally for overall livability and investment drivers, based on CRE market data from WDSuite. Restaurant, grocery, and pharmacy access register in the top quartile nationally, reinforcing convenience and daily-needs appeal that typically support tenant retention and absorption.
Vintage context matters: with a 1986 construction year versus a local average around the early 1980s, the property is slightly newer than much of the surrounding stock. That positioning can aid competitiveness versus older assets, though investors should still underwrite targeted modernization and system updates to meet current renter expectations.
Renter concentration is high at the neighborhood level, indicating depth in the tenant base for multifamily leasing. Median contract rents sit at the higher end for the region, while the neighborhood’s occupancy has remained generally steady; together, these signals suggest demand resilience, though active lease management remains prudent where rent-to-income ratios are elevated.
Within a 3-mile radius, household counts are projected to expand over the next five years alongside smaller average household sizes, pointing to a larger renter pool and continued need for professionally managed units. Average school ratings trend near national mid-range, which is serviceable for a broad renter profile, while the area’s amenity density and transit connectivity underpin urban-core convenience. For investors prioritizing multifamily property research, neighborhood NOI per unit performs in the top quartile nationally, aligning with strong operating fundamentals across comparable assets.
Safety indicators are competitive versus many urban Los Angeles neighborhoods. The area ranks above the national median for safety, and recent year-over-year data show substantial declines in both property and violent offense estimates, according to WDSuite’s CRE market data.
At the metro level, the neighborhood’s crime standing is stronger than many peers, translating into a supportive backdrop for renter retention and leasing. As always, investors should evaluate property-level measures and recent local trends during diligence to confirm consistency with neighborhood patterns.
Proximity to major entertainment and communications employers anchors a diverse white-collar workforce, supporting demand for well-located apartments and reducing commute friction for tenants. Nearby anchors include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — entertainment media (1.46 miles)
- Disney — entertainment studios (2.38 miles) — HQ
- Charter Communications — telecommunications (3.21 miles)
- Live Nation Entertainment — entertainment (4.05 miles)
- Avery Dennison — materials manufacturing (6.31 miles) — HQ
10825 Blix St offers exposure to a high-amenity, A-rated Los Angeles neighborhood where renter demand is supported by a large base of renter-occupied housing and steady neighborhood occupancy. Elevated ownership costs in the area reinforce reliance on rentals, which, combined with top-quartile access to daily needs and employers, supports leasing stability and pricing power. The 1986 vintage is slightly newer than the neighborhood average, offering relative competitiveness while leaving room for targeted upgrades to capture value-add upside.
Within a 3-mile radius, forecasts indicate population and household growth alongside smaller household sizes, suggesting a larger tenant base and continued demand for professionally managed units. According to commercial real estate analysis from WDSuite, operating fundamentals at the neighborhood level compare favorably both within the metro and nationally, though elevated rent-to-income ratios call for thoughtful renewal strategies.
- Urban-core, A-rated location with top-quartile amenities and strong tenant convenience
- High neighborhood renter concentration supports depth of demand and occupancy stability
- 1986 vintage is slightly newer than local average, enabling competitive positioning with selective upgrades
- 3-mile forecasts point to household growth and a larger renter pool, supporting lease-up and retention
- Risk: higher rent-to-income ratios and average school ratings warrant active lease management and amenity-driven retention