| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11024 Acama St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1979 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11024 Acama St, North Hollywood Multifamily Opportunity
Neighborhood occupancy trends sit in the low-90s with a deep renter base, according to WDSuite’s CRE market data—supportive for income stability in Los Angeles’ Urban Core.
Neighborhood context and livability
The property sits in an Urban Core pocket of North Hollywood with strong convenience drivers: grocery access, pharmacies, restaurants, and parks all rank in high national percentiles. Amenity density is competitive among the 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, helping support retention and leasing velocity.
Neighborhood rents price toward the higher end nationally, while occupancy trends remain in the low-90% range—an indicator of steady demand rather than overheated conditions. Roughly three-quarters of local housing units are renter-occupied, pointing to a broad tenant base that can support absorption and renewals. Average school ratings track near the national midpoint; positioning that emphasizes commute convenience and services should resonate with the area’s renter profile.
Within a 3-mile radius, recent population and household counts have been stable to slightly down, but WDSuite’s forward view points to household growth through 2028, implying a larger renter pool over time. With elevated ownership costs in the vicinity, renters are likely to remain reliant on multifamily options—an insight reinforced by WDSuite’s multifamily property research.
Safety context
Based on WDSuite’s indicators, the neighborhood performs above the metro median for safety when compared with the 1,441 Los Angeles-Long Beach-Glendale neighborhoods, and lands in the upper tiers nationally (around the top quartile). That relative standing can support leasing confidence and resident retention.
Trend data show year-over-year declines in both property and violent offenses locally, which is constructive for long-term operations. As always, safety varies block to block; prudent underwriting should consider property-level measures and ongoing monitoring rather than relying solely on neighborhood averages.
Proximity to entertainment, media, and infrastructure employers helps anchor local renter demand and supports retention through commute convenience. Notable nearby employment nodes include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and AECOM.
- Radio Disney — entertainment (1.8 miles)
- Disney — entertainment (2.7 miles) — HQ
- Charter Communications — telecom & media (4.0 miles)
- Live Nation Entertainment — entertainment (5.2 miles) — HQ
- AECOM — engineering & infrastructure (6.6 miles) — HQ
11024 Acama St is a 21-unit asset built in 1979—slightly older than the neighborhood average—positioning it for targeted value-add and system upgrades to enhance competitiveness against newer stock. At the neighborhood level, occupancy trends are in the low-90% range and renter concentration is high, which supports a stable tenant base and consistent leasing. Elevated home values in the area tend to reinforce rental demand over ownership, while rent levels require attentive lease management to maintain retention.
According to CRE market data from WDSuite, the surrounding neighborhood ranks strongly on amenity access and produces competitive income performance among metro peers, while 3-mile demographic projections indicate household growth through 2028—expanding the renter pool and supporting long-term demand. Execution risk centers on vintage-related capital needs and managing affordability pressure, but the submarket’s convenience profile and diversified employment base help underpin durable occupancy.
- Occupancy in the low-90% range and high renter concentration support leasing stability
- 1979 vintage offers value-add potential via interior and system upgrades
- Strong amenity access and proximity to major employers aid retention and pricing power
- 3-mile household growth outlook expands the tenant base over the medium term
- Risks: capital expenditures for older systems and affordability pressures that require proactive lease management