| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10963 Whipple St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1976 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10963 Whipple St North Hollywood Multifamily Investment
High renter concentration and steady neighborhood occupancy support durable leasing, according to WDSuite’s CRE market data. Strong local amenities and a deep entertainment employment base point to consistent renter demand.
Positioned in North Hollywood’s Urban Core, the property sits within a neighborhood rated A and competitive among Los Angeles neighborhoods (ranked 104 out of 1,441). Amenity access is a clear strength: grocery and restaurant density ranks in the top national percentiles, helping sustain renter appeal and day-to-day convenience for residents.
From an apartments perspective, neighborhood occupancy is solid and broadly in line with national norms, supporting income stability. The area also shows a high share of renter-occupied housing (76.9%), indicating a deep tenant base for multifamily owners. Median contract rents in the neighborhood are elevated relative to many U.S. locations, and have risen over the past five years, reinforcing the case for consistent demand and disciplined lease management.
Ownership costs are high in this part of Los Angeles (home values sit near the top of national ranges), which tends to reinforce reliance on multifamily rentals and can support pricing power and retention in stabilized assets. Average household sizes are relatively small, favoring one- and two-bedroom product mixes typical of infill Los Angeles.
Within a 3-mile radius, demographic data show stable households with modest recent population softness transitioning to projected growth over the next five years, alongside rising median incomes and smaller household sizes. These trends point to a larger tenant base over time and sustained demand for rental units, based on CRE market data from WDSuite.
Vintage and positioning: Built in 1976 versus a neighborhood average vintage of 1982, the asset is slightly older than nearby stock. That typically implies ongoing capital planning and potential value-add through unit and system upgrades to bolster competitiveness against newer comparables.
Safety metrics are competitive for Los Angeles: the neighborhood’s overall crime standing is in the top quartile among 1,441 metro neighborhoods and above national averages for safety. Recent year-over-year readings also indicate notable declines in both property and violent offense estimates, according to WDSuite’s CRE market data. While outcomes can vary by block and over time, the directional trend supports stability compared with broader urban submarkets nationwide.
Proximity to major entertainment and communications employers supports a steady renter pipeline of professionals seeking commute convenience. Key nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media & entertainment offices (1.6 miles)
- Disney — media & entertainment (2.6 miles) — HQ
- Charter Communications — telecommunications (3.8 miles)
- Live Nation Entertainment — live entertainment (5.4 miles) — HQ
- Activision Blizzard Studios — gaming & media (5.8 miles)
10963 Whipple St combines infill Los Angeles fundamentals with a strong renter base. Neighborhood occupancy remains competitive by national standards, and a high share of renter-occupied housing (76.9%) signals depth of demand. Elevated ownership costs in the area tend to sustain reliance on rentals, supporting lease retention and pricing power when operations are well-managed. Built in 1976, the property is slightly older than the neighborhood average and may benefit from targeted renovations and system upgrades to sharpen competitiveness and capture value-add upside.
Within a 3-mile radius, demographic patterns point to a stable-to-growing renter pool over the next five years alongside rising incomes and smaller household sizes — conditions that align with one- and two-bedroom demand. Amenity density and proximity to major entertainment and communications employers add to leasing resilience. These conclusions are grounded in commercial real estate analysis using WDSuite’s CRE market data.
- Infill location with top-tier amenity access supporting sustained renter demand
- High renter-occupied share and competitive occupancy support income stability
- 1976 vintage offers value-add potential via unit and system upgrades
- Proximity to major employers (Disney, Charter, Live Nation) underpins leasing
- Risks: affordability pressure and variable school ratings may require careful lease and expense management