| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11266 W Otsego St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 41 |
| Transaction Date | 1994-07-12 |
| Transaction Price | $1,800,000 |
| Buyer | RUBENSTEIN LAWRENCE |
| Seller | BLACK CO |
11266 W Otsego St North Hollywood Multifamily Investment
Situated in an Urban Core pocket of North Hollywood, the asset benefits from strong renter demand and high-cost ownership dynamics, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit near national midpoints, while deep renter concentration supports leasing durability.
This North Hollywood location offers dense daily conveniences and entertainment that underpin multifamily appeal. Cafe and restaurant density ranks among the highest nationally, and groceries and pharmacies are readily accessible, reflecting a walkable, amenity-rich corridor that helps with retention and leasing velocity.
Neighborhood fundamentals are competitive among Los Angeles-Long Beach-Glendale’s 1,441 neighborhoods, with an A- neighborhood rating and above-median scores for housing and amenities. Median home values sit in a high-cost ownership range (well above national norms), which typically sustains renter reliance on multifamily housing and supports pricing power for well-positioned assets.
Renter-occupied share is very high locally, indicating a deep tenant pool relative to ownership stock—an advantage for ongoing demand. While the neighborhood’s occupancy rate is around national midpoints, average net operating income per unit trends in the upper tier locally, suggesting potential for stable operations when assets are maintained and positioned appropriately.
Within a 3-mile radius, recent data show relatively stable population levels and a modest increase in households, with forecasts calling for additional household growth and income gains over the next five years. Smaller average household sizes are expected, which can translate into a larger tenant base and support occupancy stability for well-managed multifamily properties.
School ratings in the immediate area trail many Los Angeles neighborhoods, which investors may factor into renter profile assumptions. Childcare and park counts are limited nearby, but the strong amenity mix and entertainment access can offset these gaps for many renter cohorts.
Neighborhood safety indicators compare favorably versus many areas nationwide, with crime levels trending above the national safety average. Among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, this location performs better than areas clustered toward the higher-crime end of the metro distribution.
Recent trends are constructive: both violent and property offense estimates show meaningful year-over-year improvement, placing the area in stronger national percentiles for change. Investors should continue to monitor local patterns, but current momentum supports a cautiously positive outlook for community stability.
Proximity to major media and communications employers supports a steady renter base seeking commute convenience. Key nearby employers include Radio Disney, The Walt Disney Company, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media (2.1 miles)
- Disney — media & entertainment (3.0 miles) — HQ
- Charter Communications — telecommunications (3.1 miles)
- Live Nation Entertainment — live entertainment offices (4.7 miles)
- Activision Blizzard Studios — gaming & media (6.7 miles)
11266 W Otsego St is a 1987-vintage, 41-unit multifamily asset positioned in an amenity-dense North Hollywood corridor. The location features a high renter-occupied share and a high-cost ownership market, both of which reinforce multifamily demand and can support rent durability for competitive product. Neighborhood occupancy trends sit near national midpoints, but upper-tier per‑unit NOI metrics in the area indicate potential for stable operations when assets are well maintained and actively managed.
According to CRE market data from WDSuite, the neighborhood sits above metro medians for amenities and housing factors while home values track well above national norms—conditions that typically sustain a deep tenant base. The 1987 vintage is slightly newer than the neighborhood average, which can aid competitive positioning versus older stock; investors should still underwrite routine system updates and selective modernization to capture value and support retention.
- Amenity-rich Urban Core location that supports leasing velocity and retention
- High renter-occupied share and costly ownership landscape sustain rental demand
- 1987 vintage offers relative competitiveness; targeted updates can unlock value
- Neighborhood occupancy near national midpoints with upper-tier NOI per unit potential
- Risks: school ratings below many LA areas and limited parks/childcare; active management and positioning are important