| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11231 Otsego St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1974 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11231 Otsego St North Hollywood Multifamily Investment
Positioned in an Urban Core pocket with strong renter-occupied housing and dense amenities, this asset benefits from deep tenant demand and proximity to major entertainment employers, according to WDSuite s CRE market data. Neighborhood occupancy trends are stable but mixed; investor returns will hinge on unit positioning and operational execution rather than market beta.
The immediate area offers convenience-driven living that supports leasing velocity: cafes and restaurants rank among the highest concentrations in the metro (e.g., cafe density competitive among Los Angeles-Long Beach-Glendale neighborhoods at rank 46 of 1,441 and in the 99th percentile nationally), alongside strong grocery access (also 99th percentile nationally). Pharmacy access is well above national norms (92nd percentile). Limited formal parks and childcare options (both low relative to peers) suggest residents rely on private amenities and nearby commercial corridors for recreation and services.
Housing performance signals an investable renter base. The share of housing units that are renter-occupied is very high (rank 22 of 1,441; 99th percentile nationally), indicating depth for multifamily demand and potential retention when product is well maintained and priced appropriately. Neighborhood occupancy is in the mid range nationally, so property-level operations and unit quality will be important to sustain leasing and minimize downtime.
Within a 3-mile radius, demographics show a slightly smaller population over the past five years but a modest increase in households, pointing to smaller household sizes and a broader renter pool. Forecasts indicate growth in both population and households through 2028, which supports a larger tenant base and could underpin occupancy stability. Median household incomes have risen and are projected to continue increasing, which can support rent levels; however, rent-to-income ratios in the neighborhood are elevated, so lease management and pricing strategy should account for affordability pressure.
Home values are high for the region (96th percentile nationally), reinforcing renter reliance on multifamily housing and supporting demand depth for well-located units. Neighborhood NOI per unit benchmarks are strong (92nd percentile nationally), aligning with the area s A- neighborhood rating and signaling revenue potential for competitive assets.
The property s 1974 vintage is older than the neighborhood s average construction year (1984; rank 227 of 1,441), which points to capital planning needs but also clear value-add and modernization upside to strengthen competitive positioning against newer stock.
School ratings in the neighborhood are below national averages, which may be a consideration for family-oriented renter segments, but the area s location, amenities, and employment access remain the primary demand drivers for workforce and young professional cohorts.
Safety indicators compare favorably to many peer neighborhoods. The area ranks 440 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods for crime, which is competitive within the metro and above the national median (73rd percentile safer than neighborhoods nationwide). Recent trend data indicates sharp year-over-year declines in both property and violent offense estimates, suggesting improving conditions; investors should still underwrite to block-level variation and standard security measures typical of urban core locations.
Proximity to major media and communications employers supports workforce housing demand and commute convenience for tenants. Nearby anchors include Radio Disney, Disney, Charter Communications, and Live Nation Entertainment.
- Radio Disney entertainment/media (2.1 miles)
- Disney entertainment (2.9 miles) HQ
- Charter Communications cable & broadband offices (3.1 miles)
- Live Nation Entertainment entertainment (6.3 miles) HQ
11231 Otsego St is a 44-unit asset in North Hollywood s Urban Core, benefiting from a very high concentration of renter-occupied housing units and top-tier amenity density that helps sustain leasing. Based on CRE market data from WDSuite, neighborhood occupancy sits around the middle of national peers, making operational execution and unit differentiation meaningful value drivers. Elevated ownership costs in the area support renter demand, while the local employment base in entertainment and communications provides steady in-migration of professionals.
Constructed in 1974, the property is older than the neighborhood average and presents clear value-add potential through systems upgrades and interior renovations to compete with newer stock. Forward-looking 3-mile demographics point to growth in households and incomes, supporting rent attainment, though elevated rent-to-income ratios warrant disciplined pricing and renewal strategies to manage retention risk.
- Deep renter base and amenity-rich location support demand and leasing stability
- 1974 vintage offers value-add and modernization upside versus newer comparables
- High-cost ownership market reinforces reliance on multifamily, aiding pricing power
- Employment proximity to media and communications anchors underpins tenant pipeline
- Risk: Elevated rent-to-income ratios and mid-range occupancy require careful lease management