| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11025 W Morrison St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1989 |
| Units | 36 |
| Transaction Date | 1995-04-24 |
| Transaction Price | $1,681,980 |
| Buyer | CONCHO PROPERTIES II LP |
| Seller | LYCON ASSOCIATES |
11025 W Morrison St North Hollywood Multifamily Investment
Urban-core location with strong renter demand supported by elevated ownership costs and dense amenities, according to WDSuite’s CRE market data. Neighborhood occupancy is around the metro middle, pointing to stable—but competitive—leasing conditions.
Rated A- and ranking in the top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, this Urban Core pocket of North Hollywood offers depth of demand for multifamily. Rents trend high versus national norms while neighborhood occupancy sits near the national middle, suggesting steady absorption with active tenant turnover that favors well-positioned assets.
Amenities are a clear strength: restaurant, café, grocery, and pharmacy density all score in high national percentiles, supporting car-light living and day-to-day convenience. Offsetting factors include limited nearby parks and minimal childcare density, which can modestly narrow the family renter segment. Average school ratings trail national benchmarks, so leasing may skew toward singles, couples, and roommates rather than school-driven households.
Within a 3-mile radius, recent patterns show flat-to-slight population movement but an increase in households and a forecast for renewed population growth by 2028. That shift toward more, smaller households typically expands the renter pool and supports occupancy stability. Elevated home values in the area indicate a high-cost ownership market, which reinforces reliance on rental housing and can sustain pricing power when paired with effective lease management.
The property’s 1989 vintage is modestly newer than the neighborhood average (1984). That positioning helps competitive standing against older stock, while still leaving room for targeted modernization and systems upgrades to capture value-add upside. The neighborhood’s renter-occupied share is high (top national percentile), indicating a deep tenant base for multifamily demand and consistent leasing velocity under professional operations. This context aligns with investor-focused commercial real estate analysis on renter concentration and demand durability.
Relative to neighborhoods nationwide, overall safety indicators place this area above average (high national percentile), which aligns with its broader urban-core positioning. Property-related incidents benchmark lower than overall safety scores, but year-over-year trends show pronounced improvement, indicating recent positive momentum.
Violent offense measures also reflect improvement on a national-comparative basis. As always, safety can vary block to block in large metros, so investors should consider property-level measures and professional management practices when underwriting risk.
Proximity to major media and corporate employers supports a steady renter pipeline seeking commute convenience. Notable nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media & entertainment (1.8 miles)
- Disney — media & entertainment (2.68 miles) — HQ
- Charter Communications — telecom & cable services (3.06 miles)
- Live Nation Entertainment — entertainment & events (4.43 miles)
- Avery Dennison — materials & packaging (6.59 miles) — HQ
11025 W Morrison St offers 36 units with spacious floor plans averaging about 1,140 square feet, positioned in a top-quartile North Hollywood neighborhood for overall fundamentals. Elevated home values reinforce the rental alternative, while amenity density drives livability and retention potential. Neighborhood occupancy trends are near the national middle, which rewards properties that differentiate through design, modernization, and management execution. According to CRE market data from WDSuite, rents benchmark high nationally in this area, underscoring pricing power for well-operated assets.
The 1989 construction provides a competitive edge over older stock and a practical runway for selective value-add—updating interiors, common areas, and building systems to capture rent premiums without ground-up risk. Forward-looking 3-mile demographics point to household growth and a larger renter pool, supporting long-term demand. Key underwriting considerations include school quality, limited park/childcare access, and active competition within the submarket—factors best mitigated through targeted CapEx and disciplined leasing strategy.
- Amenity-rich Urban Core location with top-quartile neighborhood fundamentals among 1,441 metro neighborhoods
- High-cost ownership market supports rental demand depth and pricing power
- 1989 vintage enables targeted value-add and modernization relative to older competing stock
- 3-mile outlook indicates renter pool expansion via household growth, aiding occupancy stability
- Risks: middling occupancy, lower school ratings, and limited parks/childcare; offset by management execution and upgrades