| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10917 W Huston St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1988 |
| Units | 26 |
| Transaction Date | 1999-11-23 |
| Transaction Price | $1,950,000 |
| Buyer | SMITH GRANT |
| Seller | 10915 HUSTON LLC |
10917 W Huston St, North Hollywood Multifamily
Positioned in an Urban Core pocket of North Hollywood with resilient renter demand and amenity depth, this 26-unit asset benefits from neighborhood-level occupancy stability and elevated ownership costs, according to WDSuite’s CRE market data.
The property sits within a highly amenitized Urban Core neighborhood of the Los Angeles-Long Beach-Glendale metro, rated A and ranking 104 out of 1,441 neighborhoods—placing it in the top quartile metro-wide. Amenity access is a differentiator: grocery options rank 215 of 1,441 (top quartile) and restaurants 299 of 1,441 (top quartile), with cafes 424 of 1,441 (competitive among Los Angeles-Long Beach-Glendale neighborhoods). Parks and pharmacies also test in the top quartile nationally, supporting day-to-day convenience that helps leasing and retention.
Renter concentration is a core demand signal: 76.9% of housing units in the neighborhood are renter-occupied (98th percentile nationally), indicating a deep tenant base for multifamily. Neighborhood occupancy is 93.6% with stability over the last five years, supporting underwriting focused on steady cash flow rather than heavy lease-up risk. Neighborhood-level NOI per unit also tracks in a strong national percentile, underscoring solid operating performance benchmarks versus peers.
Household and income dynamics within a 3-mile radius show a modest increase in households alongside smaller average household sizes, a pattern that typically expands the renter pool. Forecasts point to growth in both households and incomes over the next five years, which supports sustained demand for professionally managed apartments and can aid rent resilience and renewal capture.
Ownership costs are elevated for the neighborhood (home values at a high national percentile), which tends to reinforce reliance on rental housing and can support pricing power where unit quality and management are competitive. School ratings are mixed and around the national midpoint, so family-driven demand may be more price- and amenity-sensitive than school-driven. Overall, this location offers strong amenity coverage and renter depth—key pillars highlighted by WDSuite’s multifamily property research.
Neighborhood safety indicators compare favorably at the national level on several measures. Violent offense rates are above the national median (higher percentile indicates safer), while property offense levels sit closer to the national midpoint. Recent trend data points to sharp year-over-year declines in both violent and property offenses, suggesting improving conditions. As with any Urban Core location, safety can vary within short distances; investors typically underwrite to property-level security measures and management practices rather than block-level assumptions.
Proximity to major media and corporate employers supports a deep white-collar renter base and commute convenience. The immediate area draws talent to Radio Disney, Disney, Charter Communications, Avery Dennison, and AECOM—all referenced below.
- Radio Disney — corporate offices (1.6 miles)
- Disney — corporate offices (2.5 miles) — HQ
- Charter Communications — corporate offices (3.1 miles)
- Avery Dennison — corporate offices (6.4 miles) — HQ
- AECOM — corporate offices (7.5 miles) — HQ
Built in 1988, the asset is slightly newer than the neighborhood’s average vintage, providing relative competitiveness versus older local stock while still offering potential modernization or value-add opportunities typical for 1980s construction (systems, finishes, curb appeal). The immediate neighborhood tests in the top quartile metro-wide with strong amenity depth and a very high share of renter-occupied housing units, which supports a larger tenant base and helps sustain occupancy. Elevated ownership costs in the area point to continued reliance on multifamily rentals, while neighborhood-level occupancy has remained stable—favorable for cash flow durability.
Within a 3-mile radius, household counts and incomes are projected to rise, implying renter pool expansion and support for rent growth management rather than aggressive concessions. According to CRE market data from WDSuite, neighborhood rents and occupancy compare well versus national benchmarks, and recent improvements in safety metrics reduce downside risk from volatility often associated with dense urban locations.
- Urban Core location with top-quartile amenity access and strong renter depth
- Neighborhood occupancy around the mid-90s supports cash flow stability
- 1988 vintage offers value-add and modernization potential versus older stock
- Elevated ownership costs reinforce rental demand and pricing power where quality is competitive
- Risk: Urban Core dynamics (safety and turnover) require active management and property-level security