| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10930 Otsego St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1988 |
| Units | 21 |
| Transaction Date | 2014-05-14 |
| Transaction Price | $6,350,063 |
| Buyer | 10930 OTSEGO PARTNERS LLC |
| Seller | MARIMO CO LTD |
10930 Otsego St North Hollywood 21-Unit Multifamily
Neighborhood-level occupancy remains steady and renter demand is reinforced by strong amenity access in North Hollywood, according to WDSuite’s CRE market data. This location offers investors exposure to a deep tenant base in Los Angeles’ Urban Core while maintaining pricing discipline.
The property sits in an A-rated Urban Core neighborhood ranked 104 out of 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, placing it in the top decile locally. Amenity access is a clear strength: grocery, restaurant, and pharmacy density track in the top quartile nationally, and cafes are also well represented. Childcare options are comparatively thin, which may skew demand toward smaller household renters.
Renter-occupied housing accounts for a high share of units in the neighborhood (occupancy_rental_share), indicating a sizable tenant base and supporting multifamily leasing depth. Neighborhood occupancy is 93.6% and has been broadly stable over the last five years; this is a neighborhood metric and not specific to the property, but it supports expectations for steady leasing conditions.
Within a 3-mile radius, recent population trends have been flat to slightly down, while WDSuite’s forecasts show a prospective increase in households alongside smaller average household size. That combination typically expands the renter pool and can support occupancy stability for one- and two-bedroom product. Median household incomes are solid for the metro, and school ratings average around the national midpoint, suggesting broad but not premium family-demand attributes.
Ownership costs are elevated for the area (home values near the top of national comparisons), which tends to sustain reliance on multifamily rentals and can aid lease retention. At the same time, a rent-to-income ratio around 0.30 points to potential affordability pressure for some renter cohorts—an investor consideration for renewals and rent setting. Neighborhood-level NOI per unit benchmarks are competitive nationally, based on CRE market data from WDSuite, but operators should remain attentive to concessions in slower leasing periods.
Safety indicators compare favorably: the neighborhood’s crime position is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 357 out of 1,441, which is within the top quartile locally) and sits around the 76th percentile for safety nationally. Recent estimates also show sharp year-over-year declines in both property and violent offense rates, which, if sustained, would further support renter confidence. These metrics describe neighborhood trends rather than conditions at the property itself.
Proximity to major media and corporate employers underpins workforce housing demand and commute convenience for renters. Key nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — corporate offices (1.7 miles)
- Disney — entertainment HQ (2.6 miles) — HQ
- Charter Communications — telecommunications (2.9 miles)
- Live Nation Entertainment — entertainment (4.5 miles)
- Avery Dennison — materials manufacturing (6.5 miles) — HQ
Built in 1988, the 21-unit asset is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still warranting selective modernization of systems and finishes. Demand fundamentals are anchored by a high concentration of renter-occupied units and stable neighborhood occupancy, with elevated ownership costs in Los Angeles reinforcing renter reliance on multifamily housing.
Within a 3-mile radius, forecasts indicate a rise in households and smaller average household sizes, expanding the near-term renter pool. According to WDSuite’s commercial real estate analysis, amenity density and proximity to major employers support leasing durability, while rent-to-income levels suggest prudent renewal strategies and attention to affordability-driven retention risk.
- Renter-heavy neighborhood and steady occupancy support leasing stability
- 1988 vintage offers competitive positioning with targeted value-add potential
- Amenity-rich location and employer proximity aid demand and retention
- Elevated ownership costs bolster multifamily demand and pricing power
- Risk: affordability pressure may temper rent growth; thoughtful renewal management recommended