| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11045 La Maida St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | 2008-04-21 |
| Transaction Price | $3,500,000 |
| Buyer | PBM GROUP 2A LLC |
| Seller | CHING FENG HSU & CO LLC |
11045 La Maida St North Hollywood Multifamily Opportunity
Renter demand is reinforced by a very high share of renter-occupied housing and strong amenity density in the surrounding neighborhood, according to WDSuite’s CRE market data. The combination points to depth of tenant pool and leasing durability even as occupancy trends should be monitored at the neighborhood level.
Positioned in North Hollywood within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries an A- rating and ranks 279 out of 1,441 metro neighborhoods—competitive among Los Angeles neighborhoods. Amenity access is a clear strength: cafes, restaurants, groceries, and pharmacies score in the higher national percentiles, translating to daily convenience that supports renter retention and lease-up.
Renter-occupied share is among the highest in the metro (ranked 22 of 1,441), signaling a deep renter base and consistent multifamily demand. At the neighborhood level, occupancy sits below the metro median and has softened versus five years ago, so underwriting should account for slightly more competitive leasing in the near term while emphasizing unit quality and management to sustain occupancy.
Income and housing context indicate a high-cost ownership market: home values and value-to-income ratios sit in upper national percentiles, which tends to sustain reliance on rental housing and can support pricing power when units are well-positioned. At the same time, the rent-to-income profile suggests some affordability pressure; prudent lease management and renewal strategies remain important for retention.
Within a 3-mile radius, household counts are projected to grow over the next five years alongside rising incomes, expanding the local renter pool and supporting occupancy stability. School ratings trend low relative to national norms, which may affect family-oriented demand, but the area’s urban-core amenities and employment access remain attractive for young professionals and smaller households.
Safety indicators compare favorably in broader context: the neighborhood’s overall crime ranking is 440 out of 1,441 within the Los Angeles metro—competitive among peer neighborhoods—and sits above the national average by percentile. Recent trend data also points to meaningful year-over-year improvement in both property and violent incidents, which supports operational stability from a leasing perspective.
As always, investors should evaluate block-by-block conditions and property-specific security measures; neighborhood-level metrics are directional and best used comparatively across Los Angeles submarkets.
The surrounding employment base spans entertainment and communications, providing a broad white-collar renter pool and convenient commutes to nearby studios and corporate offices. Key nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media (1.8 miles)
- Disney — media & entertainment (2.7 miles) — HQ
- Charter Communications — telecommunications (3.2 miles)
- Live Nation Entertainment — live entertainment (6.0 miles) — HQ
- Activision Blizzard Studios — gaming & media (6.5 miles)
This 24-unit asset benefits from a neighborhood with strong renter concentration, high amenity density, and an employment base anchored by major media and telecom firms. While neighborhood occupancy trends are below the metro median, the area’s high-cost ownership market and deep renter base support ongoing demand for well-managed units. According to CRE market data from WDSuite, income and amenity fundamentals rank competitively in the metro and at higher national percentiles, positioning the property to capture steady leasing with disciplined operations.
Within a 3-mile radius, households and incomes are projected to rise over the next five years, indicating a larger tenant base and potential for rent growth when paired with targeted unit upgrades. Investors should balance this with prudent underwriting for affordability pressure and school-quality considerations, emphasizing unit finishes, resident experience, and renewal strategies to sustain occupancy.
- Deep renter concentration supports tenant demand and leasing stability
- High-cost ownership market reinforces reliance on multifamily rentals
- Amenity-rich urban core location near major employers
- Forward 3-mile household and income growth expands the renter pool
- Risks: below-metro occupancy, affordability pressure, and lower school ratings