| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10834 Blix St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | 2005-11-21 |
| Transaction Price | $6,250,000 |
| Buyer | Avenida Tribune Properties, |
| Seller | Ocean Properties Trust (et |
10834 Blix St, North Hollywood Multifamily Investment
Neighborhood metrics point to a deep renter base and steady occupancy, according to WDSuite’s CRE market data. These are neighborhood-level indicators rather than property specifics, but they suggest durable demand drivers for this address.
The property sits in an Urban Core pocket of North Hollywood with strong daily convenience. Amenity access ranks competitively (ranked 242 among 1,441 Los Angeles–area neighborhoods), and nationally the area scores well for restaurants, groceries, parks, and pharmacies, supporting renter retention and day-to-day livability.
Neighborhood occupancy is above the national median and has been stable, signaling resilient leasing fundamentals at the sub-neighborhood level. Rents in the neighborhood benchmark high versus the U.S. (upper decile nationally), which pairs with a small average household size to indicate a concentration of singles and couples who often prioritize location and amenities.
The share of housing units that are renter-occupied is elevated both in the immediate neighborhood and within the broader 3-mile radius, implying a sizable tenant pool and depth for multifamily. Median home values in the neighborhood are high relative to national norms, and that ownership cost environment typically sustains reliance on multifamily housing and supports pricing power, though it calls for careful lease management to monitor affordability pressure.
Demographic statistics are aggregated within a 3-mile radius: recent history shows essentially flat population, but projections indicate population growth and a notable increase in households by 2028, which would expand the renter pool and support occupancy stability. Educational attainment is strong at the neighborhood level (top percentile nationally for bachelor’s share), aligning with demand from professionals employed across nearby entertainment, media, and corporate offices.
Vintage and positioning: Built in 1986 versus a neighborhood average vintage of 1982, the asset is slightly newer than the local stock. That positioning can aid competitiveness against older buildings, while investors should still underwrite ongoing modernization needs for systems and common areas to sustain premiums.
Neighborhood safety conditions compare favorably to many U.S. neighborhoods overall, with crime levels in the top quartile nationally. Recent year-over-year trends indicate sharp declines in both violent and property offenses at the neighborhood level, according to WDSuite’s market data. As always, safety can vary block by block; investors should evaluate on-the-ground conditions and multi-year trends when assessing tenant retention and operating risk.
Proximity to major entertainment and corporate employers underpins renter demand and commute convenience, particularly for professionals tied to Disney, Radio Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — corporate offices (1.5 miles)
- Disney — corporate offices (2.4 miles) — HQ
- Charter Communications — corporate offices (3.2 miles)
- Live Nation Entertainment — corporate offices (5.9 miles) — HQ
- Avery Dennison — corporate offices (6.3 miles) — HQ
10834 Blix St offers exposure to a renter-heavy, amenity-rich Los Angeles neighborhood where occupancy trends are stable and homeownership costs remain elevated relative to incomes—factors that typically sustain multifamily demand and support pricing discipline. Built in 1986, the asset is slightly newer than the neighborhood average, providing a competitive baseline versus older stock while leaving room for targeted value-add and systems modernization to enhance leasing performance.
According to CRE market data from WDSuite, neighborhood-level rents and incomes skew high versus national norms, and the share of renter-occupied housing is substantial—both locally and across the 3-mile radius. Forward-looking demographics point to growth in households, which would expand the tenant base and help support occupancy stability. Balanced against these strengths, affordability pressure and exposure to entertainment-oriented employment cycles warrant prudent underwriting and active lease management.
- Renter-heavy neighborhood supports deep tenant demand and retention
- Amenity access and corporate employment nodes reinforce leasing velocity
- 1986 vintage enables competitive positioning with value-add upside through modernization
- Household growth within 3 miles supports occupancy stability over the medium term
- Risks: affordability pressure and sector cyclicality tied to entertainment employment