| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10906 W Victory Blvd, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | 2013-08-13 |
| Transaction Price | $3,600,036 |
| Buyer | CHOL FAMILY TRUST |
| Seller | 10906 VICTORY PARTNERS LLC |
10906 W Victory Blvd, North Hollywood Multifamily Investment
Positioned in a renter-heavy North Hollywood pocket with steady neighborhood occupancy, this asset benefits from strong daily conveniences and a deep local tenant base, according to WDSuite’s CRE market data.
The property sits within an Urban Core neighborhood in the Los Angeles-Long Beach-Glendale metro that is competitive among 1,441 metro neighborhoods (neighborhood rating: B+). Daily-needs access is a standout: grocery, pharmacy, and café density place the area in the top quartile nationally, supporting resident convenience and lease retention.
At the neighborhood level, occupancy has been resilient around the low-90s, with only modest softening versus five years ago. Renter-occupied share is elevated relative to the metro (above the metro median and high nationally), signaling depth in the local apartment-demand pool and a broad base for leasing.
The building’s 1985 vintage is newer than the neighborhood’s average 1970s stock, which can be a competitive advantage versus older product; selective modernization and common-area upgrades may further strengthen positioning while planning for aging systems over the hold.
Within a 3-mile radius, household counts have grown and are projected to continue rising through the forecast period, even as average household size trends slightly smaller. This points to a larger tenant base and ongoing demand for rental units. Elevated home values in the area (high nationally) indicate a high-cost ownership market, which tends to sustain renter reliance on multifamily housing and can support pricing power when managed carefully.
Safety indicators for the neighborhood benchmark favorably in national context. Overall crime metrics are in the top quartile nationally, and violent offense measures also score strongly, according to WDSuite’s datasets. Recent year-over-year trends show pronounced declines in both violent and property offenses, which, if sustained, would be constructive for resident appeal and retention.
As with most urban Los Angeles locations, conditions can vary by corridor and over time, so investors should incorporate ongoing monitoring and property-level security/lighting as part of standard asset management.
Proximity to major media and corporate employers underpins demand from creative and professional workers, supporting leasing stability and commute convenience for residents. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (1.6 miles)
- Radio Disney — media (2.8 miles)
- Disney — entertainment studios (3.2 miles) — HQ
- Live Nation Entertainment — entertainment (6.1 miles)
- Avery Dennison — materials & manufacturing (6.7 miles) — HQ
This 24-unit, 1985-vintage asset in North Hollywood aligns with durable renter demand drivers: a renter-heavy neighborhood, strong daily-needs access, and proximity to large media and corporate employers. Newer-than-neighborhood-average vintage offers a relative edge versus older competing stock, with value-add potential through targeted interior and common-area updates. Based on CRE market data from WDSuite, neighborhood occupancy trends remain healthy and ownership costs are elevated, reinforcing reliance on rentals and supporting long-term leasing fundamentals.
Demographic indicators within a 3-mile radius show growing households and a diversifying income mix, suggesting a larger tenant base over the medium term. While rent levels have risen, the area’s high-cost ownership market supports sustained apartment demand; disciplined revenue management and retention strategies can balance affordability pressure with stable cash flow.
- Renter-heavy neighborhood and steady occupancy support a deep tenant base
- 1985 construction is competitive versus older local stock, with clear value-add pathways
- Strong amenity access and proximity to major employers aid leasing stability
- Elevated ownership costs bolster rental reliance, supporting pricing power when managed carefully
- Risks: urban core variability and affordability pressure require active asset and lease management