| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11101 Aqua Vista St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 23 |
| Transaction Date | 1994-10-19 |
| Transaction Price | $380,909 |
| Buyer | AQUA VISTA ASSOCIATES LTD |
| Seller | HAUSSMANN RALPH C |
11101 Aqua Vista St North Hollywood Multifamily Investment
This 23-unit property benefits from neighborhood-level occupancy rates above 93% and strong renter demand in an Urban Core location. According to WDSuite's CRE market data, the area ranks in the top quartile nationally for amenity access and housing fundamentals.
The North Hollywood neighborhood ranks in the top quartile among 1,491 metro neighborhoods for overall housing fundamentals, with a 93.6% occupancy rate that reflects stable rental demand. This Urban Core location benefits from exceptional amenity density, ranking in the 97th percentile nationally for grocery store access and 96th percentile for restaurant availability, supporting strong tenant retention fundamentals.
Demographics within a 3-mile radius show a mature rental market with 65% of housing units occupied by renters, creating a substantial tenant pool. The area attracts educated professionals, with 42% of residents holding bachelor's degrees—ranking in the 98th percentile nationally. Median household income of $101,561 provides solid rent-paying capacity, though rent-to-income ratios suggest some affordability pressures that require careful lease management.
Home values averaging nearly $1 million limit ownership accessibility and sustain rental demand for multifamily housing. The property's 1987 construction year aligns with the neighborhood average, indicating consistent building stock without immediate capital expenditure pressures. Projected population growth of 9.6% through 2028 and a 39.6% increase in households should expand the renter pool and support occupancy stability.
Contract rents averaging $2,028 reflect the area's positioning in a high-demand submarket, with recent rent growth of 36% over five years demonstrating pricing power. The neighborhood's average NOI per unit of $13,720 ranks in the 92nd percentile nationally, indicating strong income-generating potential for well-positioned multifamily assets.
The neighborhood demonstrates improving safety trends, with property crime rates declining 81% year-over-year and violent crime down 96%—both ranking in the top decile nationally for crime reduction. Current property crime rates of approximately 307 incidents per 100,000 residents place the area near the metro median among 1,491 neighborhoods.
Violent crime rates remain relatively low at under 20 incidents per 100,000 residents, ranking in the 59th percentile nationally. The significant year-over-year improvements in both categories suggest strengthening public safety conditions that support tenant comfort and retention in this Urban Core location.
The property benefits from proximity to major entertainment and media employers that provide workforce housing demand in North Hollywood's creative economy hub.
- Radio Disney — media & entertainment (1.8 miles)
- Disney — entertainment & media (2.8 miles) — HQ
- Live Nation Entertainment — live events & entertainment (3.4 miles)
- Charter Communications — telecommunications (4.1 miles)
- Activision Blizzard Studios — gaming & technology (5.6 miles)
This 23-unit North Hollywood property offers exposure to a stable Urban Core rental market with 93.6% neighborhood occupancy and strong demographic fundamentals. The 1987 construction year provides opportunities for value-add improvements while avoiding immediate capital expenditure pressures. Based on commercial real estate analysis from WDSuite, the area's 98th percentile ranking for renter concentration and exceptional amenity access support long-term tenant demand.
Projected household growth of 39.6% through 2028 within the 3-mile radius should expand the tenant base, while elevated home values near $1 million sustain rental demand by limiting ownership accessibility. The neighborhood's average NOI per unit of $13,720 ranks in the 92nd percentile nationally, indicating strong income-generating potential for well-positioned assets.
- Stable occupancy fundamentals with 93.6% neighborhood rate and 76.9% renter concentration
- Strong demographic profile with 42% college-educated residents and $101,561 median income
- Value-add potential from 1987 vintage without immediate capital expenditure needs
- Projected 39.6% household growth through 2028 supporting tenant demand expansion
- Risk consideration: rent-to-income ratios suggest affordability pressures requiring active lease management