| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10875 Kling St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 36 |
| Transaction Date | 1997-10-31 |
| Transaction Price | $1,560,000 |
| Buyer | HALT TEN KLING LLC |
| Seller | WEST COAST INVESTMENTS CORP |
10875 Kling St, North Hollywood Multifamily Investment
Neighborhood occupancy in the low-90s and a deep renter base point to steady demand drivers for this 36-unit asset, according to WDSuite’s CRE market data. Strong amenity density supports leasing durability relative to the broader Los Angeles metro.
The property sits in an Urban Core pocket of North Hollywood with strong lifestyle access: cafes, groceries, restaurants, and parks all index well above national averages, and amenity quality is competitive among Los Angeles-Long Beach-Glendale neighborhoods (242nd of 1,441). This concentration of daily-needs retail and services helps sustain traffic and supports resident retention.
Neighborhood occupancy is 93.6% and has held broadly stable, and roughly 76.9% of housing units are renter-occupied. For investors, that renter concentration signals a sizable tenant base for multifamily and supports ongoing leasing velocity even as new supply ebbs and flows across the metro.
Within a 3-mile radius, demographics indicate a stable, higher-income renter pool today with forecasts calling for population growth and a substantial increase in households by the next five-year window. Smaller average household sizes are expected, which typically expands the pool of renters and can support occupancy stability and unit absorption.
Ownership costs in the immediate area are elevated (home values rank in the high national percentiles), which tends to reinforce reliance on multifamily housing and can bolster pricing power and lease retention. Rent-to-income levels are higher than many U.S. neighborhoods, so asset plans should consider affordability pressure in renewal and concession strategies.
Built in 1978, the property is slightly older than the neighborhood average vintage (early 1980s). Investors should underwrite ongoing capital planning and potential value-add or systems modernization to enhance competitiveness against newer stock while leveraging the location’s amenity strengths.
Safety trends are comparatively favorable for this part of North Hollywood. The neighborhood benchmarks safer than a majority of U.S. neighborhoods (around the mid-70s national percentile) and is competitive among Los Angeles-area neighborhoods. Recent year-over-year estimates indicate notable declines in both violent and property offenses, a constructive signal for tenant retention and leasing.
As always, crime patterns vary by block and over time; investors should pair these neighborhood-level readings with on-the-ground diligence and property-level controls when forming operating plans.
Proximity to major media and corporate employers underpins weekday demand and commute convenience for renters, including Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media (1.5 miles)
- Disney — media & entertainment (2.5 miles) — HQ
- Charter Communications — telecommunications (3.3 miles)
- Live Nation Entertainment — entertainment offices (4.0 miles)
- Avery Dennison — labeling & packaging (6.4 miles) — HQ
This 36-unit, 1978-vintage asset is positioned in a high-amenity North Hollywood location with neighborhood occupancy in the low-90s and a renter-occupied share near three-quarters, indicating durable depth for multifamily demand. Elevated home values in the area tend to sustain renter reliance on apartments, while the immediate retail and service mix supports day-to-day convenience and leasing stability. According to CRE market data from WDSuite, the neighborhood ranks strongly on amenity access and shows safety readings better than most U.S. neighborhoods, both constructive for retention.
Investor focus should balance location strengths with prudent underwriting: 1970s construction implies ongoing capital planning and potential value-add to match newer competitive stock. Within a 3-mile radius, forecasts point to population growth and a meaningful increase in households, which can expand the tenant base; at the same time, higher rent-to-income levels suggest thoughtful lease management and renewal strategies.
- Amenity-rich Urban Core location competitive among Los Angeles neighborhoods, supporting leasing durability.
- Neighborhood occupancy in the low-90s with a large renter-occupied share, indicating demand depth.
- High ownership costs reinforce multifamily demand and potential pricing power.
- 1978 vintage offers value-add and systems modernization opportunities to enhance competitiveness.
- Risk: higher rent-to-income levels and middling school ratings call for careful lease and resident retention strategies.