| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11255 Huston St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | 2003-05-19 |
| Transaction Price | $3,350,000 |
| Buyer | COELER WILLI O |
| Seller | CHANG NORMAN Y |
11255 Huston St, North Hollywood Multifamily Investment
Neighborhood data points to deep renter demand supported by a high renter-occupied housing share and a high-cost ownership market, according to WDSuite’s CRE market data. These indicators at the neighborhood level (not the property) suggest durable leasing fundamentals with some affordability management considerations.
Rated A- and competitive among Los Angeles-Long Beach-Glendale neighborhoods, the area surrounding 11255 Huston St offers investors a dense, urban-core environment with strong lifestyle convenience. Amenity access is a standout: cafes, restaurants, groceries, and pharmacies score in the top percentiles nationally, reinforcing walkable, service-rich demand drivers for renters.
Renter-occupied housing is elevated at the neighborhood level, indicating a deep tenant base that typically supports absorption and lease-up. Neighborhood occupancy is around the mid-range relative to national benchmarks, so operators should prioritize renewal strategies and resident experience to sustain stability.
Within a 3-mile radius, recent trends show modest population softening alongside a slight increase in households and smaller average household sizes—conditions that can expand the renter pool over time. Forecasts point to population and household growth over the next five years, which would add depth to prospective demand and support occupancy.
Home values in the neighborhood rank high nationally, signaling a high-cost ownership market. For multifamily investors, elevated ownership costs generally sustain reliance on rental housing and can support pricing power, though the neighborhood’s rent-to-income profile suggests careful lease management to balance rent growth and retention. Average school ratings in the immediate area are lower, and nearby park and childcare counts are limited; this may temper family-driven demand but is often offset in urban cores by employment access and amenity density.
Vintage context: the neighborhood’s average construction year is mid-1980s. With a 1988 build, this asset is slightly newer than the local average, often competitive versus older stock while still warranting targeted modernization and system updates to capture rent premiums.
Safety indicators are mixed but improving on key measures. At the national level, violent offense rates benchmark above average (higher national percentile indicates comparatively safer conditions), while property offense sits closer to national norms. Notably, recent year-over-year estimates suggest a sharp improvement in both violent and property offense trends, which, if sustained, can support leasing stability and resident satisfaction over time.
Investors should view these as neighborhood-level signals rather than block-specific conditions and continue standard diligence, focusing on submarket trends, on-site security practices, and resident feedback.
Proximity to media and telecom employers supports renter demand through short commutes and diversified professional job bases. The list below highlights nearby anchors in entertainment and communications that can aid leasing and retention.
- Radio Disney — media & entertainment (2.1 miles)
- Disney — media & entertainment (3.0 miles) — HQ
- Charter Communications — telecom & cable (3.3 miles)
- Live Nation Entertainment — live entertainment offices (4.5 miles)
- Activision Blizzard Studios — gaming & entertainment (6.5 miles)
This 22-unit, 1988-built asset sits in a high-amenity North Hollywood location with a renter-centric housing base and a high-cost ownership landscape that generally reinforces multifamily demand. According to CRE market data from WDSuite, the surrounding neighborhood rates competitively within the Los Angeles metro, with top-tier access to cafes, restaurants, and groceries that supports tenant retention and absorption.
The vintage is slightly newer than the neighborhood average, offering relative competitiveness versus older stock while leaving room for targeted renovations and systems upgrades to unlock value-add upside. Near-term operations should balance pricing power with rent-to-income considerations and monitor occupancy trends; medium-term, projected population and household expansion within a 3-mile radius point to a larger renter pool that can support occupancy stability and steady leasing.
- Amenity-rich urban core with top-percentile food, cafe, and grocery access that supports leasing and retention.
- Renter-occupied housing share is high at the neighborhood level, indicating depth of tenant demand.
- 1988 construction offers competitive positioning vs. older stock with clear value-add modernization potential.
- High-cost ownership market can sustain reliance on rentals and support measured pricing power.
- Risks: manage affordability pressure (rent-to-income) and monitor neighborhood occupancy softness relative to national benchmarks.