| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10901 Whipple St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2006 |
| Units | 66 |
| Transaction Date | 1998-07-27 |
| Transaction Price | $2,000,000 |
| Buyer | 10901 WHIPPLE LLC |
| Seller | CRIVELLI FAMILY TRUST CRIVELLI CURTIS J JR CO |
10901 Whipple St, North Hollywood Multifamily Investment
Positioned in an Urban Core pocket with strong amenity access and a renter-oriented housing base, the property benefits from stable neighborhood occupancy and high-cost ownership dynamics, according to WDSuite’s CRE market data.
This North Hollywood location combines Urban Core convenience with investor-friendly fundamentals. Neighborhood occupancy is steady and above the national median, and renter concentration is high (renter-occupied share measured at the neighborhood level), supporting depth of demand for multifamily units rather than single-family ownership turnover. The average property vintage nearby skews older (1982), while this asset 9s 2006 construction positions it competitively versus older stock D typically requiring more frequent systems upgrades.
Amenity access is a local strength: neighborhood counts for grocery, restaurants, cafes, parks, and pharmacies rank in the upper deciles nationally, supporting daily convenience and leasing appeal. Childcare options are limited in the immediate neighborhood, which may matter for family-oriented renter cohorts, but overall amenity density remains a differentiator within the Los Angeles metro.
Neighborhood metrics point to healthy income profiles and rent levels relative to the nation, with median asking rents elevated and NOI per unit ranking in the top decile nationally. Elevated home values and a high value-to-income ratio indicate a high-cost ownership market; for investors, this tends to reinforce reliance on rental housing and can support pricing power and retention strategies over time.
Within a 3-mile radius, demographic data show small household sizes and a predominantly renter-occupied housing stock, providing a broad tenant base for one- and two-bedroom formats. Forward-looking projections indicate growth in both population and households alongside smaller average household sizes, which generally supports multifamily absorption and occupancy stability as more renters enter or remain in the market.
Neighborhood safety indicators are competitive in a national context, with overall crime measures landing in the upper quartile of safer neighborhoods nationwide. Recent data also show year-over-year declines in both property and violent offense rates at the neighborhood level. As with any dense urban location, conditions vary by block and over time, but the current trend is favorable relative to broader national patterns.
- Radio Disney D media offices (1.5 miles)
- Disney D entertainment studios (2.5 miles) D HQ
- Live Nation Entertainment D entertainment & venues (3.5 miles)
- Charter Communications D telecom & media (3.8 miles)
- Activision Blizzard Studios D gaming & media (5.9 miles)
Built in 2006 with 66 units, the property offers competitive positioning versus the neighborhood Bs older average vintage, reducing near-term capex exposure while leaving room for targeted modernization or value-add. The surrounding North Hollywood neighborhood exhibits steady occupancy, high renter concentration, and strong amenity density, aligning with durable multifamily demand. Elevated home values in Los Angeles support renter reliance on apartments, while rent-to-income readings indicate manageable affordability pressure, which can aid lease retention.
Within a 3-mile radius, projections show growth in population and households alongside smaller household sizes, pointing to a larger renter pool and support for occupancy over the medium term. Neighborhood NOI per unit ranks in the top decile nationally and amenity access is strong, according to CRE market data from WDSuite, framing a favorable backdrop for sustaining performance while monitoring risks common to urban submarkets.
- 2006 vintage vs. older neighborhood stock supports competitive positioning and moderated near-term capital needs
- High renter-occupied share and stable neighborhood occupancy underpin demand depth
- Amenity-rich Urban Core location enhances leasing appeal and retention
- Elevated ownership costs in the metro reinforce reliance on rental housing and pricing power
- Risks: urban submarket variability, limited nearby childcare options, and the need to monitor affordability and macro demand shifts