| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10841 Whipple St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1972 |
| Units | 41 |
| Transaction Date | 2022-02-02 |
| Transaction Price | $10,025,000 |
| Buyer | WHIPPLE PLAZA LLC |
| Seller | AMERICANA GARDEN LLC |
10841 Whipple St North Hollywood Multifamily
Renter demand is reinforced by a high-cost ownership landscape and steady neighborhood occupancy, according to WDSuite’s CRE market data. This positioning supports durable cash flow potential with operational upside.
The property is in an A‑rated Urban Core pocket of North Hollywood where neighborhood occupancy (measured at the neighborhood level) has been stable and the share of housing units that are renter‑occupied is high. For investors, that depth translates into a broad tenant base and potential for consistent leasing.
Amenity access is a strength: grocery stores, restaurants, cafes, pharmacies, and parks benchmark in high national percentiles, supporting daily convenience and resident livability. School ratings trend near national midrange, a typical profile for dense Los Angeles neighborhoods, and should be balanced against employment access and services.
Within a 3‑mile radius, recent history shows essentially flat household counts alongside smaller average household sizes, while WDSuite’s outlook points to population growth and a notable increase in households over the next five years. That setup implies a larger renter pool and supports occupancy stability for well‑run assets. Elevated home values relative to incomes indicate a high‑cost ownership market that tends to sustain rental demand and pricing power, though rent‑to‑income levels warrant thoughtful lease management.
Performance signals compare favorably versus metro and national benchmarks: per‑unit NOI trends index in upper national percentiles and amenity strength places the area above the metro median among 1,441 Los Angeles‑Long Beach‑Glendale neighborhoods. Together with proximity to major employment nodes, these dynamics underpin a practical investment case grounded in commercial real estate analysis.
Neighborhood safety metrics compare well nationally, with overall crime performance placing the area in the top quartile of neighborhoods across the country. Recent WDSuite readings also indicate meaningful year‑over‑year declines in both violent and property offenses—an encouraging trend that can support resident retention and leasing consistency.
Conditions can vary across Los Angeles‑Long Beach‑Glendale, so prudent underwriting should incorporate property‑level security and management practices rather than assuming uniform outcomes across nearby blocks.
Entertainment and media firms nearby create a substantial professional employment base that supports renter demand and retention. Key employers include Radio Disney, Disney, Live Nation Entertainment, and Charter Communications.
- Radio Disney — corporate offices (1.4 miles)
- Disney — corporate offices (2.4 miles) — HQ
- Live Nation Entertainment — corporate offices (3.5 miles)
- Charter Communications — corporate offices (3.7 miles)
- Live Nation Entertainment — corporate offices (5.4 miles) — HQ
Built in 1972, this 41‑unit asset offers classic‑vintage positioning in a neighborhood where newer stock is common. The vintage suggests value‑add potential through unit and system modernization, while neighborhood occupancy remains healthy and the renter‑occupied share is high—factors that can support leasing stability. Elevated ownership costs locally reinforce reliance on multifamily, according to CRE market data from WDSuite, though operators should calibrate rents with awareness of rent‑to‑income pressures.
Forward‑looking 3‑mile demographics from WDSuite indicate population growth and a substantial increase in households, implying renter pool expansion and support for absorption. With strong amenity access and proximity to major employers, location fundamentals are likely to remain competitive provided capital plans address aging systems and repositioning needs.
- High renter concentration and steady neighborhood occupancy support demand depth
- 1972 vintage enables targeted value‑add and system modernization to enhance NOI
- High‑cost ownership market sustains rental demand and potential pricing power
- 3‑mile outlook points to household growth, bolstering the future renter pool
- Risks: affordability pressure (rent‑to‑income) and capital needs tied to vintage