| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11007 Hartsook St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 26 |
| Transaction Date | 1993-12-08 |
| Transaction Price | $1,065,000 |
| Buyer | HEKMATJAH MAJID |
| Seller | HARTSOOK APARTMENTS |
11007 Hartsook St, North Hollywood Multifamily Investment
Amenity-rich Urban Core location with a deep renter base supports demand durability, according to WDSuite’s CRE market data. Occupancy in the surrounding neighborhood has been mixed, so leasing performance is likely to hinge on asset quality and operations.
Situated in North Hollywood’s Urban Core, the property benefits from dense retail and daily-needs access. Neighborhood amenity density for restaurants, cafes, groceries, and pharmacies ranks in the top tier nationally, helping support resident convenience and lease retention. Park and childcare access are thinner, which may matter for family-oriented tenants, but the area’s lifestyle offerings skew toward young professionals.
The neighborhood is rated A- and is in the top quartile among 1,441 Los Angeles metro neighborhoods, indicating competitive fundamentals relative to the region. Median contract rents and home values sit in the higher national percentiles, a high-cost ownership backdrop that tends to sustain reliance on multifamily housing and supports pricing power when operations are strong.
Tenure patterns point to a deep renter pool: renter-occupied housing units comprise a very high share of the local stock, reinforcing demand depth for apartment product and aiding absorption. Neighborhood occupancy has trended below the metro median, so investors should underwrite to asset-specific leasing execution and renewal strategies rather than assuming broad market lift.
Within a 3-mile radius, demographics show stable to improving demand drivers: households and families have inched up and are projected to grow further over the next five years, even as average household size trends smaller. This combination generally expands the renter pool and supports occupancy stability for well-managed assets, based on commercial real estate analysis from WDSuite.
Neighborhood safety indicators compare favorably to many areas nationwide, with overall crime sitting above the national median for safety. Recent trends show sharp year-over-year reductions in both property and violent offense rates, placing the neighborhood among the stronger improvers nationally.
Within the Los Angeles metro context (1,441 neighborhoods), safety performance is competitive rather than top-tier; investors should remain attentive to standard property- and lighting-related measures while noting the positive direction of change. Use comparative benchmarking across the submarket to calibrate expectations rather than relying on block-level assumptions.
Proximity to major studio, media, and corporate offices supports a robust employment base and commuter convenience for renters, including Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — corporate offices (1.8 miles)
- Disney — corporate offices (2.7 miles) — HQ
- Charter Communications — corporate offices (2.9 miles)
- Live Nation Entertainment — corporate offices (4.6 miles)
- Avery Dennison — corporate offices (6.6 miles) — HQ
11007 Hartsook St is a 26-unit, 1987-vintage asset positioned in an amenity-dense pocket of North Hollywood. The location’s high renter-occupied share indicates depth of demand, while elevated home values in the neighborhood reinforce multifamily reliance and support rent positioning. According to CRE market data from WDSuite, neighborhood occupancy has run below the metro median, making asset quality, targeted upgrades, and disciplined leasing practices central to performance.
The 1987 vintage is slightly newer than the neighborhood average, offering relative competitiveness versus older stock; selective modernization of common areas, systems, or interiors may enhance leasing velocity and renewal capture. Near-term outcomes will likely be driven by operational execution against strong lifestyle amenities and a broad employment base, with underwriting that reflects neighborhood-level occupancy variability.
- Deep renter base in a high-cost ownership market supports demand and pricing resilience
- Amenity-rich, employment-accessible location aids leasing and retention
- 1987 vintage offers competitive positioning with value-add potential via targeted upgrades
- Risk: neighborhood occupancy below metro median—returns depend on execution and renewal strategy