| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11113 Moorpark St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11113 Moorpark St North Hollywood CA Multifamily Asset
Positioned in an A‑rated Urban Core pocket of North Hollywood, the asset benefits from a deep renter base and strong amenity access, according to WDSuite’s CRE market data. The neighborhood’s stability and high-cost ownership context support durable renter demand and disciplined pricing power.
Neighborhood fundamentals are solid for multifamily investors. The area ranks in the top quartile among 1,441 metro neighborhoods overall (A rating), with housing also in the top quartile, signaling competitive rents and balanced supply relative to the Los Angeles-Long Beach-Glendale market. Neighborhood occupancy sits above national medians and has been essentially flat over the past five years, supporting income stability for well-managed assets.
Livability is a clear strength. Amenity density is strong nationwide — restaurants, groceries, parks, and pharmacies all sit in high national percentiles — which helps with leasing velocity and retention. Café density is also well above national norms, while formal childcare is comparatively limited. School options are mixed around the national midpoint on average, so marketing may lean more heavily on location convenience and lifestyle access.
Tenure patterns favor multifamily demand: the neighborhood has a high share of renter‑occupied units (top national percentile), indicating a large and active tenant base. Home values are elevated versus national norms, a high-cost ownership environment that tends to reinforce reliance on rental housing and supports lease retention for quality units.
Demographic statistics within a 3‑mile radius show a modest population dip in recent years but forecast growth ahead, with households projected to increase and average household size trending lower. That combination generally expands the renter pool and supports occupancy stability for well-located properties. Average neighborhood NOI per unit ranks in the upper national percentiles, underscoring income potential for assets that are appropriately positioned and operated.
Vintage considerations: the property was built in 1978, slightly older than the neighborhood average year built. Investors should underwrite for ongoing capital planning and potential value‑add renovations to keep finishes, systems, and curb appeal competitive versus newer stock.
Safety indicators are comparatively favorable at the neighborhood level. By national comparison, the area sits in a high safety percentile, which is supportive for renter retention and leasing. Within the Los Angeles metro, conditions are competitive among neighborhoods, and recent data points to meaningful year‑over‑year declines in both violent and property offenses — an encouraging trend that, if sustained, can bolster long‑term occupancy and renewal rates.
As with any urban core location, conditions can vary by block and over time; investors typically confirm on‑the‑ground observations and align security, lighting, and access controls with target resident profiles.
The immediate employment base is anchored by entertainment and communications firms that draw a steady workforce, supporting multifamily renter demand and commute convenience for residents. Notable nearby employers include Radio Disney, Disney, Charter Communications, and Live Nation Entertainment.
- Radio Disney — media offices (1.8 miles)
- Disney — entertainment studios (2.8 miles) — HQ
- Charter Communications — telecommunications (3.8 miles)
- Live Nation Entertainment — entertainment offices (3.8 miles)
- Live Nation Entertainment — entertainment — HQ (5.5 miles)
11113 Moorpark St offers durable renter demand drivers in an A‑rated Urban Core location with high renter concentration, strong amenity access, and ownership costs that reinforce multifamily reliance. Neighborhood occupancy is above national medians and broadly steady, and average NOI per unit ranks in the upper percentiles nationally. Built in 1978, the asset is slightly older than nearby stock, creating a straightforward value‑add and capital planning path to sharpen competitiveness. These dynamics are supported by commercial real estate analysis from WDSuite indicating robust neighborhood-level income performance and resilient lifestyle fundamentals.
Within a 3‑mile radius, forecasts call for population growth and a sizable increase in households alongside smaller household sizes — conditions that typically expand the renter pool and support leasing and retention. Safety indicators have improved year over year, and proximity to major employers in entertainment and communications underpins steady workforce housing demand. Key risks to underwrite include capex for a 1970s vintage, mixed school ratings, and economic sensitivity to media/entertainment cycles.
- A‑rated Urban Core with high renter concentration and strong amenity access
- Above‑median neighborhood occupancy and upper‑percentile NOI per unit support income stability
- 1978 vintage provides value‑add and capex levers to enhance competitiveness
- 3‑mile forecasts point to renter pool expansion from household growth and smaller household sizes
- Risks: vintage‑related capex, mixed school ratings, and exposure to entertainment/communications employment cycles