| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11270 Huston St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11270 Huston St North Hollywood Multifamily Investment
This 22-unit property sits within an urban core neighborhood where 85% of housing units are renter-occupied, ranking in the top quartile nationally for rental demand concentration according to CRE market data from WDSuite.
Located in North Hollywood's urban core, this neighborhood ranks in the top quartile nationally with 85% of housing units renter-occupied, creating a concentrated rental market that supports consistent tenant demand. The area attracts highly educated residents, with 46.3% holding bachelor's degrees—ranking 18th among 1,441 metro neighborhoods. Within a 3-mile radius, the population of over 204,000 maintains demographic stability with a median household income of $93,388.
The property, built in 1988, aligns with the neighborhood's average construction year of 1984, indicating established building stock without immediate capital expenditure pressures. Neighborhood-level occupancy stands at 90.1%, though this has declined 8.5% over five years, suggesting increased supply or changing tenant preferences that warrant monitoring for lease management strategies.
Dense amenity access supports tenant retention, with 62 restaurants per square mile and 8.6 grocery stores per square mile—both ranking in the 99th percentile nationally. However, the area shows limited childcare and park amenities, with zero facilities per square mile in both categories. Median contract rents of $2,182 have grown 37.9% over five years, though high home values at $902,574 reinforce rental demand by keeping ownership costs elevated relative to renting options.
The neighborhood demonstrates improving safety trends with property crime rates declining 77.7% year-over-year, ranking in the 97th percentile nationally for crime reduction. Current property offense rates of 547 incidents per 100,000 residents place the area in the middle range among 1,441 metro neighborhoods, while violent crime remains relatively low at 20 incidents per 100,000 residents with a 97.5% decline over the past year.
These downward crime trends, particularly the significant year-over-year improvements in both property and violent offenses, suggest enhanced neighborhood stability that can support tenant retention and property values over time.
The property benefits from proximity to major entertainment and media employers, providing workforce housing for a diverse professional tenant base in North Hollywood's creative economy.
- Radio Disney — media and entertainment (2.1 miles)
- Disney — entertainment and media (3.0 miles) — HQ
- Charter Communications — telecommunications (3.3 miles)
- Live Nation Entertainment — entertainment services (4.5 miles)
- Activision Blizzard Studios — gaming and entertainment (6.5 miles)
This 22-unit property capitalizes on North Hollywood's concentrated rental market, where 85% of housing units are renter-occupied—ranking in the top quartile nationally for rental demand density. The neighborhood's highly educated workforce, with 46.3% holding bachelor's degrees, supports stable tenant quality and retention potential. Built in 1988, the property aligns with neighborhood vintage averages, minimizing immediate capital expenditure pressures while offering potential value-add opportunities through selective improvements.
Demographic projections within a 3-mile radius show household growth of 37.3% by 2028, expanding the renter pool and supporting long-term occupancy stability. However, neighborhood-level occupancy has declined 8.5% over five years to 90.1%, requiring careful lease management and competitive positioning. The property's proximity to major entertainment employers like Disney provides workforce housing demand, while dense amenity access supports tenant satisfaction and renewal rates.
- Top quartile nationally for rental market concentration with 85% renter-occupied units
- Highly educated tenant base with 46.3% holding bachelor's degrees
- Projected 37.3% household growth by 2028 expanding renter demand
- Proximity to major entertainment employers supporting workforce housing demand
- Risk: Neighborhood occupancy decline of 8.5% over five years requires active lease management