| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10933 Huston St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1989 |
| Units | 40 |
| Transaction Date | 2025-10-09 |
| Transaction Price | $13,145,000 |
| Buyer | NOHO HUSTON APARTMENTS LP |
| Seller | HUSTON PARK LP |
10933 Huston St North Hollywood Multifamily Investment
Neighborhood occupancy is holding near the mid-90s with a high renter-occupied share, supporting stable demand according to WDSuite’s CRE market data. Position within an amenity-rich pocket of North Hollywood reinforces leasing depth for a 40-unit asset.
This Urban Core neighborhood in North Hollywood rates strongly overall (A) and is competitive among Los Angeles-Long Beach-Glendale submarket peers, ranking 104th out of 1,441 metro neighborhoods. Amenity access is a clear advantage: by rank, the area sits in the top quartile among 1,441 for overall amenities and in nationally high percentiles for restaurants, groceries, parks, and pharmacies—factors that support resident retention and day-to-day convenience.
Renter concentration is notably high (roughly three-quarters of housing units are renter-occupied), indicating a deep tenant base and steady multifamily demand at the neighborhood level. Neighborhood occupancy has been broadly stable over the past five years, which can aid underwriting around leasing continuity; these metrics are measured for the neighborhood and not the property.
Home values are elevated relative to national norms, which reinforces reliance on multifamily rentals and can support pricing power when managed carefully. Median contract rents in the neighborhood sit in the upper national percentiles, while the rent-to-income profile suggests some affordability pressure—an operational consideration for renewal strategy and concessions management.
Within a 3-mile radius, households have inched higher even as average household size edged down, pointing to demand from smaller households and singles. Forward-looking projections show meaningful household expansion by 2028, which would enlarge the local renter pool and support occupancy stability. The asset’s 1989 vintage is slightly newer than the area’s average stock from the early 1980s, implying relative competitive positioning versus older buildings, though selective modernization may still be prudent.
Safety trends are best viewed comparatively: based on national percentiles, this neighborhood sits in the upper tier for overall safety relative to neighborhoods nationwide, and recent year-over-year estimates indicate notable declines in both property and violent offenses. These figures reflect neighborhood-level data, not conditions on a specific block, and actual experiences can vary by micro-location and time of day.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area performs above the metro median on several safety indicators, with recent improvement momentum that investors can monitor alongside management practices such as access controls and lighting. Continuous tracking and resident feedback remain advisable to sustain retention and leasing velocity.
Proximity to major entertainment and media 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 — media (1.65 miles)
- Disney — entertainment & studios (2.54 miles) — HQ
- Charter Communications — telecommunications (3.06 miles)
- Live Nation Entertainment — entertainment (4.31 miles)
- Avery Dennison — materials & labeling (6.45 miles) — HQ
10933 Huston St offers 40 units in a high-amenity North Hollywood location with a renter-heavy housing base and historically steady neighborhood occupancy. Elevated home values in Los Angeles County reinforce rental reliance, while the surrounding 3-mile area shows rising household counts and smaller average household sizes—signals that typically widen the tenant base and support lease-up and renewal probability. According to commercial real estate analysis from WDSuite, the neighborhood’s rent levels and overall performance sit in upper national percentiles, underscoring durable market positioning.
Built in 1989, the asset is slightly newer than the local average vintage, which can provide a competitive edge versus older stock. That said, targeted upgrades to interiors, common areas, and building systems may capture value-add upside and help manage affordability pressure evident in neighborhood rent-to-income dynamics. Nearby media and entertainment employers add demand depth, aiding retention through commute convenience.
- High renter-occupied neighborhood and stable occupancy support demand durability
- Amenity-rich Urban Core location with strong national standing for retail, food, and daily needs
- 1989 vintage offers competitive position versus older stock with value-add modernization potential
- Proximity to major employers (Disney, Charter, Live Nation) supports leasing depth and retention
- Risks: affordability pressure and variable micro-level safety require active lease and asset management