| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11028 Landale St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1981 |
| Units | 26 |
| Transaction Date | 1998-08-18 |
| Transaction Price | $1,875,000 |
| Buyer | REDFERN THOMAS W |
| Seller | GELDBERG MORRIS AND NADIA TRUST |
11028 Landale St North Hollywood Multifamily Investment
Strong renter demand in the surrounding neighborhood and stable occupancy trends support income durability, according to WDSuite’s CRE market data. Metrics referenced reflect neighborhood conditions, not this specific property.
The property sits in an A-rated Urban Core neighborhood that is competitive among Los Angeles-Long Beach-Glendale metro neighborhoods (ranked 104 of 1,441), indicating depth of amenities and a renter base supportive of multifamily operations. Neighborhood occupancy is steady and above the national middle of the pack, which can aid retention and leasing continuity; note this is neighborhood occupancy, not property-level performance.
Daily convenience is a local strength: grocery, restaurant, cafe, park, and pharmacy access all score in the upper national percentiles, helping support resident satisfaction and lease renewals. School ratings trend around the national midpoint, which may matter less for primarily one- and two-bedroom renter profiles but is still a consideration for tenant mix.
Renter-occupied share in the neighborhood is high, with a renter concentration near the top of the national distribution. That depth of renter households points to a broad tenant base and typically supports occupancy stability for professionally managed assets. Median home values in the area are elevated versus national norms, a high-cost ownership backdrop that generally sustains reliance on rental housing and can support pricing power in well-managed buildings.
Within a 3-mile radius, demographics indicate a modest population dip in the recent past but a projected expansion in population and households over the next five years. Household sizes are expected to trend smaller, which can favor demand for apartments and smaller formats. Income measures in the 3-mile area are rising in the projections, which can support rent growth and reduce turnover risk when paired with prudent lease management.
Vintage considerations: built in 1981, the asset is slightly older than the neighborhood’s average vintage (early 1980s). Investors should anticipate ordinary capital planning and targeted renovations to keep units and building systems competitive against newer stock, potentially unlocking value-add upside in unit finishes and common areas.
Safety indicators are comparatively favorable versus many urban Los Angeles sub-areas: the neighborhood’s crime position ranks above the metro median (357 out of 1,441 metro neighborhoods), and national placement is in the upper quartile, signaling relatively lower reported crime than many neighborhoods nationwide. Year-over-year estimates indicate notable declines in both violent and property incidents, a constructive directional signal to monitor. These statistics describe neighborhood conditions broadly rather than block-level risk.
Nationally benchmarked measures place violent offense around the safer side of average and property offense near the national middle. For investors, these readings suggest resident appeal that can support leasing and retention, with ongoing monitoring warranted as part of standard risk management.
Proximity to major media and communications employers supports a deep professional renter pool and commute convenience for residents. Key nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media & entertainment (1.7 miles)
- Disney — media & entertainment (2.7 miles) — HQ
- Charter Communications — telecom & cable (3.7 miles)
- Live Nation Entertainment — media & entertainment (3.8 miles)
- Activision Blizzard Studios — video games & content (6.0 miles)
This 26-unit asset in North Hollywood is positioned within an A-rated, amenity-rich neighborhood where multifamily demand is reinforced by a large renter household base and steady neighborhood occupancy. Elevated for-sale housing costs in the area tend to sustain renter reliance on apartments, supporting leasing stability and measured pricing power when operations are disciplined. According to CRE market data from WDSuite, the neighborhood’s placement is competitive within the metro, with strong access to daily amenities that can bolster resident satisfaction and reduce turnover.
Built in 1981, the property is slightly older than nearby stock from the early 1980s, suggesting practical capital planning and targeted renovations could capture value-add upside and maintain competitiveness versus newer product. Within a 3-mile radius, projections show growth in population and households alongside smaller average household sizes and rising incomes—factors that point to a larger tenant base and support for occupancy stability over a multiyear hold. Key risks to underwrite include rental affordability pressures and execution needs around renovations and resident experience.
- A-rated, amenity-dense neighborhood with competitive metro standing supports leasing durability
- Large renter-occupied share and steady neighborhood occupancy underpin demand depth
- High-cost ownership market reinforces reliance on rental housing and pricing power
- 1981 vintage offers value-add potential via targeted renovations and system upgrades
- Risks: renter affordability pressure and renovation execution/CapEx planning