| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10939 Morrison St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10939 Morrison St, North Hollywood Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and steady neighborhood occupancy, according to WDSuite’s CRE market data. Positioned in an amenity-rich pocket of North Hollywood, the asset’s location favors leasing stability over a full cycle.
Located in North Hollywood’s Urban Core, the property sits in a neighborhood rated A and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 104 out of 1,441). For investors, that signals durable location fundamentals and broad renter appeal within the metro.
Amenity access is a strength: the neighborhood posts high densities of restaurants, groceries, pharmacies, parks, and cafes (nationally in the upper quartiles), supporting daily convenience and walkable lifestyle drivers that bolster multifamily leasing. Average school ratings are closer to the national midpoint, which may temper family-oriented demand but generally aligns with urban renter profiles.
Multifamily dynamics are favorable. Neighborhood occupancy is in the mid-90s and the renter-occupied share is elevated, indicating a deep tenant base that supports absorption and renewal activity. Median contract rents and NOI per unit trend above national benchmarks, suggesting established pricing power for quality product while still requiring active lease and retention management.
Vintage considerations: built in 1986, the property is slightly newer than the neighborhood’s average construction year (1982). That positioning helps competitiveness versus older stock, though investors should underwrite ongoing modernization of interiors and building systems typical for assets from this era.
Demographics within a 3-mile radius point to a stable-to-expanding renter pool: households are projected to increase, with smaller average household sizes over the next five years. This generally supports demand for professionally managed apartments and sustained occupancy, particularly for well-located, mid-size units.
Ownership costs in the area are elevated relative to incomes, reinforcing renter reliance on multifamily housing and aiding lease retention. At the same time, rent-to-income ratios are higher than many U.S. markets, so prudent pricing and value delivery remain important to mitigate affordability pressure.
Safety indicators for the neighborhood are above national averages (around the top quartile nationally), according to WDSuite’s CRE market data. Recent trends show notable year-over-year declines in both violent and property offenses, placing the area among the stronger improvers nationwide. While urban settings can exhibit variability by block, the directional improvement and comparative positioning provide a constructive backdrop for tenant retention and leasing.
Proximity to major entertainment and corporate offices supports a robust renter base seeking commute convenience. Nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and AECOM.
- Radio Disney — media offices (1.7 miles)
- Disney — studios & corporate (2.6 miles) — HQ
- Charter Communications — telecommunications (3.0 miles)
- Live Nation Entertainment — entertainment offices (4.4 miles)
- AECOM — engineering & infrastructure (7.6 miles) — HQ
10939 Morrison St offers investors exposure to an amenity-rich, renter-oriented pocket of North Hollywood with comparative strength inside the Los Angeles metro. Neighborhood occupancy is stable, the renter-occupied share is high, and NOI per unit performance ranks among the stronger cohorts nationally — factors that support cash flow resilience through cycles. Built in 1986, the asset is slightly newer than the local average, with clear scope for targeted renovations to sustain competitiveness and capture rent premiums.
Within a 3-mile radius, households are projected to increase over the next five years as average household size edges down — a dynamic that typically expands the renter pool and supports occupancy. Elevated ownership costs in the area further reinforce reliance on multifamily housing, while recent safety trends have improved. According to CRE market data from WDSuite, these fundamentals compare favorably to national baselines, though effective rent strategy and asset upkeep remain important given affordability pressures.
- Competitive Los Angeles metro location with amenity density that supports leasing and renewal activity.
- Stable neighborhood occupancy and high renter-occupied share indicate depth of tenant demand.
- 1986 vintage provides value-add potential via targeted modernization to sustain pricing power.
- 3-mile household growth and smaller household sizes point to a larger renter base and support for occupancy.
- Risk: higher rent-to-income and midrange school ratings call for careful rent management and resident experience focus.