| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11247 La Maida St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 21 |
| Transaction Date | 1996-07-18 |
| Transaction Price | $185,000 |
| Buyer | SMITH GRANT B |
| Seller | TRUST AHN, KUNHI AND YO M TRS AHN FAMILY |
11247 La Maida St North Hollywood Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and steady occupancy around 90%, according to WDSuite’s CRE market data. Positioned in an amenity-rich pocket of North Hollywood, the asset benefits from strong leasing fundamentals relative to the broader Los Angeles metro.
North Hollywood’s Urban Core setting delivers daily convenience that supports leasing and retention. Neighborhood amenities are competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, with cafes, restaurants, groceries, and pharmacies measuring in the top national percentiles. Limited park space and childcare options may require residents to rely on nearby submarkets for recreation and services, but food-and-beverage density (cafes and restaurants both near the 99th percentile nationally) underpins walkable lifestyle appeal, based on CRE market data from WDSuite.
For investors, the neighborhood’s renter-occupied share is elevated, indicating depth in the tenant base for multifamily. Median contract rents benchmark high versus the U.S., which can support pricing power for well-positioned product while making lease management and renewals more sensitive to affordability. The local rent-to-income ratio trends on the higher side, suggesting careful attention to concessions and renewal strategies during softer periods.
Within a 3-mile radius, demographics show a large working-age cohort and rising incomes, with households projected to expand by the forecast horizon even as average household size drifts lower. This combination points to a broader renter pool and sustained demand for professionally managed apartments, supporting occupancy stability. Elevated home values relative to income signal a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can aid retention.
Asset positioning: built in 1987, the property is slightly newer than the neighborhood’s average vintage (mid-1980s). That relative youth can enhance competitiveness versus older stock while still warranting selective modernization or systems updates to capture value-add upside. Average unit sizes here are larger than typical for the area, offering layouts that can appeal to roommates or households seeking extra space.
Neighborhood safety indicators compare favorably overall, with crime levels performing above national averages (around the 73rd percentile for safety nationally) and competitive among Los Angeles neighborhoods. According to WDSuite’s CRE market data, recent-year trends show notable declines in both property and violent offense estimates, an encouraging directional signal for resident perception and leasing stability. As with any urban-core location, conditions can vary by block and time of day; investors typically underwrite prudent on-site security and lighting standards.
Nearby entertainment and telecom employers anchor a diverse white-collar workforce, supporting renter demand through commute convenience and steady in-migration. The following employers represent the most relevant nearby drivers of leasing depth cited for this neighborhood.
- Radio Disney — media (2.0 miles)
- Disney — entertainment (2.9 miles) — HQ
- Charter Communications — telecom (3.4 miles)
- Live Nation Entertainment — entertainment (6.0 miles) — HQ
- Activision Blizzard Studios — entertainment & gaming (6.4 miles)
11247 La Maida St offers investors exposure to an amenity-rich North Hollywood location with elevated renter concentration and resilient leasing drivers. Neighborhood NOI per unit trends in the upper deciles nationally, and occupancy has remained solid even as it softened modestly in recent years. Elevated home values relative to incomes point to a high-cost ownership market that can sustain multifamily demand and support retention for well-managed assets. According to CRE market data from WDSuite, rents benchmark high versus national levels, rewarding quality execution on renovations and resident experience.
Constructed in 1987, the property is slightly newer than the surrounding mid-1980s average, offering a competitive edge versus older stock while leaving room for targeted capital improvements to drive rent premiums. Within a 3-mile radius, household counts are projected to grow and average household size to contract, implying a larger renter pool and sustained absorption potential. Key watchpoints include affordability pressure (higher rent-to-income ratios), limited nearby park and childcare infrastructure, and mixed school ratings that may affect family households; these risks are manageable with thoughtful leasing and amenity strategies.
- Amenity-rich Urban Core location with top-tier F&B density supporting walkability and leasing
- High neighborhood renter-occupied share indicates depth of tenant base and occupancy resilience
- 1987 vintage offers competitive positioning with value-add potential through selective modernization
- Strong nearby employer base (entertainment/telecom) supports demand and retention
- Risks: higher rent-to-income ratios, limited parks/childcare, and softer school ratings require proactive lease management