| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11230 Camarillo St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | 2021-01-06 |
| Transaction Price | $8,265,000 |
| Buyer | EDESSA CAPITAL LLC |
| Seller | REVX-KELLER INC |
11230 Camarillo St North Hollywood Multifamily Opportunity
Amenity-rich Urban Core location with a deep renter base and elevated neighborhood rent levels, according to WDSuite’s CRE market data, positioning this asset for steady leasing supported by North Hollywood fundamentals.
This Urban Core pocket of North Hollywood scores A- at the neighborhood level and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 279 of 1,441). Amenity access is a clear strength: neighborhood cafe and restaurant densities track in the top percentile nationally, and grocery access also ranks among the strongest nationwide. These attributes support day-to-day convenience and enhance leasing appeal for renters.
The renter concentration for the neighborhood is high (about 85% of housing units are renter-occupied), which signals deep tenant demand for multifamily. Neighborhood occupancy is approximately 90%, indicating generally steady absorption with some room for asset-level differentiation via management and finishes. Median contract rents sit on the higher end for the metro, reinforcing the need for disciplined lease management while also supporting revenue potential for well-positioned units.
Within a 3-mile radius, demographics show a broad, professionally active renter pool. Over the last five years, population was essentially flat while household counts edged up, and WDSuite’s data points to a forecasted increase in both population and households through 2028 — effectively a larger tenant base even as average household size trends lower. This dynamic typically supports occupancy stability and consistent leasing velocity.
Ownership costs in the neighborhood are elevated relative to incomes (home values rank in the upper national percentiles), which tends to sustain reliance on rental housing and can support pricing power for competitive product. School ratings trend below national averages, so properties targeting adult roommates and professionals may capture demand most efficiently in this location.
Safety trends are mixed but improving. The neighborhood’s overall crime profile sits above the national median (roughly 73rd percentile for safety), and it ranks competitive within the Los Angeles-Long Beach-Glendale metro (crime rank 440 among 1,441 neighborhoods). Recent WDSuite indicators show notable year-over-year declines in both property and violent offense estimates, suggesting momentum in the right direction. As with any infill urban area, investors should plan for standard security measures and active property management to support tenant retention.
Proximity to entertainment and communications employers underpins renter demand via short commutes and diverse professional job bases. Nearby anchors include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — corporate offices (1.97 miles)
- Disney — corporate offices (2.90 miles) — HQ
- Charter Communications — corporate offices (3.40 miles)
- Live Nation Entertainment — corporate offices (4.28 miles)
- Activision Blizzard Studios — corporate offices (6.36 miles)
11230 Camarillo St benefits from an amenity-dense Urban Core location with high renter concentration and upper-tier neighborhood rent levels. Based on commercial real estate analysis using WDSuite’s CRE market data, occupancy in the surrounding neighborhood sits near 90% and retail-style amenities rank in top national percentiles, supporting leasing appeal and day-to-day convenience for tenants.
Investor considerations tilt constructive: elevated ownership costs in this part of Los Angeles reinforce reliance on multifamily housing, and 3-mile demographics point to a larger tenant base over the next five years as households increase and average household size declines. Risks to underwrite include below-average school ratings, some affordability pressure given rent-to-income dynamics, and the need for active management to capture demand and support retention.
- Amenity-rich Urban Core setting with top-tier cafe, restaurant, and grocery access supporting leasing velocity.
- High neighborhood renter concentration indicates deep tenant demand for multifamily product.
- 3-mile outlook shows growth in households and a larger renter pool, aiding occupancy stability.
- Elevated ownership costs sustain rental demand and can support pricing power for competitive units.
- Risks: below-average school ratings, affordability pressure, and standard Urban Core security/management needs.