| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11039 W Camarillo St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 22 |
| Transaction Date | 1997-01-29 |
| Transaction Price | $1,675,000 |
| Buyer | HALT TEN CAMARILLO LLC |
| Seller | FIRST PARIS PROPERTY LTD PARTNERSHIP |
11039 W Camarillo St North Hollywood Multifamily
Positioned in an Urban Core pocket of North Hollywood, the asset benefits from deep renter demand and proximity to major employment nodes, according to WDSuite’s CRE market data. Neighborhood occupancy reflects area dynamics rather than this property, offering investors context for pricing power and retention planning.
This Urban Core location is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 279 out of 1,441) with strong daily-needs access. Cafes, restaurants, and groceries are dense (restaurants and cafes rank in the 99th percentile nationally), supporting walkable living and consistent multifamily renter appeal. Park access is limited locally, so on-site amenities or nearby private fitness options can help leasing.
Neighborhood-level rents are elevated relative to many U.S. areas (top decile nationally) and have grown meaningfully over the last five years, while the median home value sits in a high-cost ownership market. That ownership backdrop typically sustains rental demand and can support lease retention. Rent-to-income measures indicate some affordability pressure, so operators may want to emphasize renewal management and value communication.
Renter-occupied share is high at the neighborhood level, indicating a deep tenant base and stable demand for apartments. By contrast, neighborhood occupancy has been softer than the metro average in recent years; investors should underwrite with realistic downtime and focused leasing strategies rather than extrapolating metro-wide performance.
Demographic indicators aggregated within a 3-mile radius show households trending up and income growth outpacing recent history, with projections calling for additional household gains and higher median incomes by 2028. This points to a larger tenant base and supports occupancy stability and renewal pricing over the medium term, based on CRE market data from WDSuite.
The average construction year in the neighborhood is 1984; this 1987 vintage is slightly newer than the local average, suggesting relative competitiveness versus older stock. Nevertheless, systems are aging, so targeted modernization (common areas, energy efficiency, in-unit finishes) can enhance positioning and support rent premiums.
School ratings in the immediate area trend below national norms, which may matter less for studios and one-bedrooms but can influence demand mix. Amenity depth, commute convenience, and professional services access (pharmacies and groceries score in the 90s by national percentile) help offset this for core renter cohorts.
Safety indicators for the neighborhood compare favorably to many urban peers in the region, ranking above the metro median (crime rank 440 out of 1,441). Nationally, the area sits in roughly the upper-third for overall safety (73rd percentile), with violent offense rates around the national middle (59th percentile) and property offense rates closer to the lower middle (35th percentile).
Recent trend data shows notable improvement year over year, with both violent and property offense estimates declining at a faster pace than most neighborhoods nationwide. As always, investors should evaluate property-level security features and block-specific conditions during due diligence.
Proximity to entertainment, media, and telecom employers underpins renter demand and short commute times for a large professional workforce. The following nearby employers are most relevant to leasing, renewal stability, and day-one demand.
- Radio Disney — media offices (1.8 miles)
- Disney — media & entertainment (2.7 miles) — HQ
- Charter Communications — telecommunications (3.3 miles)
- Live Nation Entertainment — entertainment offices (4.2 miles)
- Activision Blizzard Studios — gaming & media (6.4 miles)
With 22 units built in 1987, the property sits slightly newer than the neighborhood average vintage, offering a platform that can compete against older stock while benefiting from targeted modernization. The surrounding neighborhood shows strong amenity depth and a high renter-occupied share, reinforcing demand for professionally managed apartments. At the same time, neighborhood occupancy has been softer than the metro median, pointing to the need for active lease-up and renewal management to achieve stabilized performance.
Within a 3-mile radius, household counts and incomes are projected to rise into 2028, expanding the tenant base and supporting rent growth and retention. According to CRE market data from WDSuite, elevated ownership costs in this submarket typically sustain reliance on multifamily housing, which is constructive for long-term cash flow durability—provided operators manage affordability pressure and deliver the right finishes and services for the target renter.
- Slightly newer 1987 vintage enables value-add modernization to improve competitive positioning
- High renter-occupied share and dense amenities support day-one leasing and renewal depth
- 3-mile household and income growth points to a larger tenant base and supports occupancy stability
- High-cost ownership market reinforces multifamily demand and potential pricing power
- Risk: neighborhood occupancy trails metro norms; operators should underwrite realistic downtime and affordability-sensitive leasing