| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10953 W Bloomfield St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1989 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10953 W Bloomfield St North Hollywood Multifamily Opportunity
Neighborhood renter concentration and amenity depth point to durable demand, with occupancy in the mid-90s according to WDSuite’s CRE market data.
This A-rated Urban Core location in North Hollywood benefits from a dense amenity base that supports leasing and retention. Cafes, groceries, restaurants, parks, and pharmacies benchmark in the top quartile nationally, with groceries and restaurants especially strong. For investors, this amenity density typically translates to steady traffic and competitive positioning versus less centrally located assets across the Los Angeles-Long Beach-Glendale metro.
The neighborhood’s renter-occupied share is high (near the 98th percentile nationwide), indicating a deep tenant base for multifamily. Neighborhood occupancy is in the low-to-mid 90s and has been broadly stable over five years, which can support cash flow consistency and reduce downtime risk relative to weaker submarkets. Median contract rents sit at an upper-tier level for the region, underscoring pricing power while still requiring disciplined lease management.
Within a 3-mile radius, demographics show a large, affluent renter pool with median incomes trending higher over the past five years and projections calling for population and household growth through 2028. Forecast household expansion alongside smaller average household sizes suggests ongoing demand for studios and one-bedrooms, expanding the addressable renter base and supporting occupancy stability.
Ownership remains a high-cost proposition locally (elevated home values and value-to-income ratios are in the top national percentiles), which tends to reinforce reliance on rental housing and can bolster retention for well-operated assets. Schools trend around the national midpoint, so family-driven demand may be more property-specific, but the broader urban lifestyle drivers and employment access offer durable renter appeal. The property’s 1989 vintage is newer than the neighborhood average, helping it compete against older stock while still warranting targeted modernization for systems and finishes to sustain rent positioning.
Safety indicators compare favorably at the national level, with the neighborhood sitting above the national median and showing notable year-over-year declines in both violent and property offense rates. These broad improvements suggest a positive trend rather than block-level guarantees, and they align with the area’s amenity-rich Urban Core profile.
Against Los Angeles-Long Beach-Glendale peers, conditions are generally competitive, though safety can vary by micro-location and time of day. Investors should underwrite to property-level measures and operating practices; the recent downward trend in incident rates provides a constructive backdrop without removing the need for standard risk management.
Nearby corporate offices create a strong entertainment and media employment base that supports renter demand through commute convenience and diversified professional jobs, including Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media offices (1.6 miles)
- Disney — entertainment (2.6 miles) — HQ
- Charter Communications — telecommunications offices (3.7 miles)
- Live Nation Entertainment — entertainment (5.4 miles) — HQ
- Activision Blizzard Studios — gaming & media offices (5.9 miles)
10953 W Bloomfield St is positioned in an amenity-rich North Hollywood micro-market with a high renter concentration and stable neighborhood occupancy, supporting income durability. Elevated ownership costs in surrounding neighborhoods reinforce rental housing reliance, while a 3-mile radius outlook points to rising households and smaller average household sizes through 2028, expanding the renter pool and supporting lease-up and retention. According to CRE market data from WDSuite, the neighborhood benchmarks strongly on amenities and rents, indicating sustained tenant demand for well-maintained assets.
The 1989 vintage is newer than the neighborhood average and can compete effectively against older stock; selective system upgrades and interior modernization present an avenue to protect rents and drive incremental yield. Investors should balance these strengths against affordability pressures and standard urban operating considerations, underwriting prudent expense controls and thoughtful lease management.
- Amenity-rich Urban Core location with strong national benchmarking for groceries, restaurants, and daily needs.
- High renter-occupied share supports a deep tenant base and occupancy stability.
- 3-mile outlook indicates growing households and smaller household sizes, supporting demand for smaller floor plans.
- 1989 vintage offers competitive positioning versus older stock with value-add potential via targeted upgrades.
- Risk: elevated rent levels and urban operating dynamics require disciplined leasing and expense management.