| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11030 Hartsook St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1989 |
| Units | 60 |
| Transaction Date | 2016-11-17 |
| Transaction Price | $22,300,000 |
| Buyer | P.A.C. Properties |
| Seller | The Laramar Group, LLC |
11030 Hartsook St North Hollywood Multifamily Investment
Renter demand is supported by an urban core location with strong amenity density and high-cost homeownership dynamics, according to WDSuite’s CRE market data. Expect competitive positioning for stabilized leasing, with pricing power tied to neighborhood-level income and rent-to-income management.
Located in North Hollywood’s Urban Core, the neighborhood carries an A- rating and ranks 279 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile metro-wide. Amenity access is a differentiator: neighborhood cafe and grocery densities sit in the 99th percentile nationally, supporting walkability and daily convenience for renters.
The share of housing units that are renter-occupied is elevated (neighborhood metric), indicating a deep tenant base and consistent multifamily demand. By contrast, the neighborhood occupancy rate is around the national middle, suggesting leasing performance will be driven by asset quality, management, and unit mix rather than automatic tailwinds.
Home values in the neighborhood are elevated relative to national norms (96th percentile), and the value-to-income ratio trends high as well. In practice, this high-cost ownership market tends to reinforce reliance on multifamily housing and can support retention and pricing power, especially for well-managed, renovated units.
Within a 3-mile radius, households and incomes are trending favorable for rental demand. Recent data show small shifts in population but steady households, with forecasts pointing to an increase in households and a smaller average household size. That typically expands the renter pool and supports occupancy stability for well-located assets, based on commercial real estate analysis from WDSuite.
School ratings in the neighborhood track below national averages, which may affect appeal for family-oriented renters; however, the broader amenity mix and proximity to major employment nodes help sustain young professional demand. Average construction vintage nearby skews mid-1980s; at 1989, the property is somewhat newer than local stock, offering competitive positioning versus older buildings while still warranting targeted system upgrades or modernization to drive rent premiums.
Neighborhood safety indicators are comparatively favorable versus many U.S. neighborhoods, with overall crime levels tracking around the 73rd percentile nationally (higher percentile indicates safer relative standing). Year over year, WDSuite data show material declines in both violent and property offense estimates, pointing to an improving trend line rather than a one-off shift.
Investors should underwrite to submarket policing patterns and property-level security measures, but current neighborhood trends suggest conditions that are competitive among Los Angeles neighborhoods without signaling outlier risk.
Nearby media and communications employers form a substantial white-collar base, supporting renter demand through commute convenience and diversified professional employment. The bullets below reflect key nodes within a practical commuting radius.
- Radio Disney — media (1.9 miles)
- Disney — media & entertainment (2.7 miles) — HQ
- Charter Communications — telecommunications (2.9 miles)
- Live Nation Entertainment — entertainment offices (4.6 miles)
- Live Nation Entertainment — entertainment offices (6.4 miles) — HQ
11030 Hartsook St offers scale at 60 units with an average unit size suitable for longer tenancy. The neighborhood skews renter-occupied at a high share of housing units, paired with top-tier amenity access and a high-cost ownership environment—factors that typically sustain multifamily demand and support rent growth for well-positioned assets. According to CRE market data from WDSuite, neighborhood occupancy sits around the national middle, so execution and product differentiation should be the primary levers for performance.
Built in 1989, the asset is somewhat newer than much of the mid-1980s local stock, suggesting relative competitiveness versus older properties while still warranting capital planning for aging systems and targeted renovations to capture premiums. Within a 3-mile radius, forecasts point to more households and a smaller average household size, which typically expands the renter pool and supports lease-up and retention. Investors should balance these positives against below-average neighborhood school ratings and rent-to-income management needs.
- Urban core location with top-tier amenity density and deep renter base
- High-cost ownership market supports sustained rental demand and pricing power
- 1989 vintage offers relative competitiveness with targeted value-add potential
- Household growth and smaller household sizes within 3 miles support renter pool expansion
- Risks: mid-range neighborhood occupancy, lower school ratings, and affordability pressure require active lease and expense management