| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11117 Hartsook St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | 2008-11-13 |
| Transaction Price | $4,080,000 |
| Buyer | FMS Investments V LLC |
| Seller | 8386 Blackburn Partners |
11117 Hartsook St North Hollywood 24-Unit Multifamily
High renter concentration and strong amenity access point to durable tenant demand in this Urban Core pocket of North Hollywood, according to WDSuite’s CRE market data.
Situated in North Hollywood’s Urban Core, the property benefits from an A- neighborhood rating and top quartile among 1,441 metro neighborhoods overall. Restaurant and cafe density ranks near the top of the metro and sits in the 99th percentile nationally, supporting lifestyle convenience that helps leasing and retention.
Rents in the neighborhood are elevated versus national norms and have grown over the past cycle, while neighborhood occupancy is around the low-90s. With approximately 85% of housing units renter-occupied, the renter concentration indicates a deep tenant base and supports demand stability for multifamily operators.
Within a 3-mile radius, WDSuite data shows households have inched higher in recent years and are projected to continue growing, with smaller average household sizes over time. This trend typically expands the renter pool and supports occupancy stability and lease-up velocity for well-positioned assets.
Home values in this pocket are high relative to national benchmarks (mid-90s national percentile), and the value-to-income ratio is also elevated. In practice, a high-cost ownership market sustains reliance on rental housing and can reinforce pricing power for professionally managed communities.
The average construction year locally is mid-1980s; this 1987 vintage is slightly newer than the neighborhood norm, offering competitive positioning versus older stock. Investors should still plan for targeted system updates and common-area improvements to strengthen rent positioning.
School ratings in the neighborhood average on the lower side compared with national peers, which is a consideration for family-oriented demand. Childcare and park access also trend light relative to the metro. These factors may modestly skew demand toward singles and couples seeking amenity-rich, transit-accessible living.
Neighborhood safety indicators compare above the national median overall (roughly 73rd percentile nationally). Within the Los Angeles-Long Beach-Glendale metro, the area performs above the metro median, signaling competitive safety relative to many urban peers.
Violent incident estimates sit modestly better than national norms and have improved markedly year over year, while property offense levels are more mixed but show significant recent decline. For investors, the directional trend is constructive: recent improvements suggest stabilizing conditions, though prudent on-site security measures and lighting remain standard risk management for Urban Core assets.
Proximity to major media and corporate offices underpins workforce housing demand and supports retention. Nearby employers include Radio Disney, Disney, Charter Communications, and Live Nation Entertainment.
- Radio Disney — corporate offices (2.0 miles)
- Disney — corporate offices (2.8 miles) — HQ
- Charter Communications — corporate offices (2.9 miles)
- Live Nation Entertainment — corporate offices (4.6 miles)
- Live Nation Entertainment — corporate offices (6.4 miles) — HQ
11117 Hartsook St is a 24-unit, 1987-vintage asset positioned in a top-quartile Los Angeles metro neighborhood with exceptional amenity density and a very high share of renter-occupied housing units. The combination of high-cost homeownership and an expanding 3-mile household base supports a durable tenant pipeline and steady leasing, while the vintage offers manageable value-add pathways through interior refreshes and system modernization.
Neighborhood occupancy sits near 90%, and rents benchmark above national averages; according to commercial real estate analysis from WDSuite, these fundamentals, coupled with proximity to major employment nodes, point to stable demand with potential for thoughtful rent positioning. Key watch items include softer school ratings and limited childcare/park density, which may influence unit mix strategy and amenity programming.
- Top-quartile metro location with 99th-percentile amenity access supporting leasing and retention
- High renter-occupied share and high-cost ownership market reinforce rental demand depth
- 1987 vintage offers value-add potential via targeted renovations and systems updates
- Household growth within 3 miles and major employer proximity support occupancy stability
- Risks: lower average school ratings and lighter childcare/park access may narrow family appeal