| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11115 Hartsook St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2011 |
| Units | 24 |
| Transaction Date | 2008-04-04 |
| Transaction Price | $1,150,000 |
| Buyer | SPECTOR IRWIN |
| Seller | SCHUCK SUSAN L |
11115 Hartsook St, North Hollywood Multifamily Investment
Positioned in an amenity-dense North Hollywood pocket, this 24-unit asset offers renter demand supported by a high neighborhood renter concentration and a newer 2011 vintage, according to WDSuite’s CRE market data.
The property sits in an Urban Core neighborhood rated A- and ranked 279th among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, placing it above the metro median. Dense retail, dining, and daily-needs access are standouts: restaurants and cafes are both in the top national percentiles, and grocery access also rates near the top nationally. Park access is limited in the immediate area, which may influence lifestyle-driven leasing decisions at the margin.
With construction year 2011 versus a neighborhood average year of 1984, the vintage is newer than much of the local stock. That positioning typically supports leasing competitiveness versus older assets, though investors should plan for mid-life system updates and targeted modernization to sustain rent premiums over time.
Renter-occupied share is high at the neighborhood level (ranked 22nd of 1,441, top quartile nationally), signaling a deep tenant base for multifamily operators. Neighborhood occupancy is around the middle of national peers and has softened over five years, suggesting the need for active leasing and retention management rather than relying solely on market momentum.
Within a 3-mile radius, WDSuite data show a large population base with modest recent change and forecasts calling for an increase in households by 2028. A rising household count and smaller household sizes point to a larger renter pool over time, which can support occupancy stability and absorption for well-positioned properties.
Ownership costs are elevated locally (home values in high national percentiles), which tends to reinforce reliance on rental housing and can support pricing power for quality units. At the same time, rent-to-income readings indicate some affordability pressure, so operators should prioritize renewal strategies, unit-level value creation, and thoughtful rent setting.
Neighborhood safety trends are competitive within the metro and improving on several measures. Crime ranks 440th among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, which is competitive among peers, and the area sits in the upper national percentiles for overall safety.
Recent year-over-year movement indicates notable declines in both violent and property offense rates, according to WDSuite’s CRE market data. While no neighborhood is immune to volatility, this directional improvement, combined with a metro-competitive standing, supports resident retention and leasing narratives without overstating block-level conditions.
Proximity to major entertainment and telecom employers underpins workforce housing demand and supports commute convenience for renters, including Radio Disney, Disney, Charter Communications, and Live Nation Entertainment.
- Radio Disney — media (2.0 miles)
- Disney — entertainment (2.8 miles) — HQ
- Charter Communications — telecommunications (2.9 miles)
- Live Nation Entertainment — entertainment (4.6 miles)
11115 Hartsook St offers 24 units built in 2011, a newer vintage relative to much of the local stock, which can support leasing competitiveness versus older product while calling for prudent mid-life capital planning. The neighborhood shows strong amenity access and a high share of renter-occupied housing units, indicating depth in the tenant base. According to commercial real estate analysis from WDSuite, neighborhood occupancy sits around the middle of national peers with some five-year softening, suggesting returns will be driven by active asset management rather than tailwinds alone.
Within a 3-mile radius, forecasts point to growth in households and a gradually expanding renter pool through 2028, which can support absorption and renewal performance. Elevated ownership costs in the area tend to sustain multifamily demand, while rent-to-income readings argue for careful rent setting and resident retention strategies. Larger average unit sizes (around 1,030 sq. ft.) further enhance livability positioning for longer stays.
- Newer 2011 vintage versus local average supports leasing competitiveness; plan for mid-life system updates.
- High neighborhood renter-occupied share suggests a deep tenant base and demand resilience.
- Amenity-rich Urban Core location with strong dining, cafe, and grocery access supports retention.
- Household growth within 3 miles points to renter pool expansion and support for occupancy over time.
- Risks: mid-cycle capex needs, mixed occupancy trends, and affordability pressure requiring disciplined lease and pricing management.