| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11308 W Morrison St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11308 W Morrison St North Hollywood Multifamily Investment
Amenity-rich North Hollywood location with deep renter demand and stable leasing fundamentals, according to WDSuite s CRE market data. Neighborhood rents trend in the upper tiers for Los Angeles while occupancy performance is broadly in line with national norms.
Situated in an Urban Core pocket of North Hollywood (Los Angeles-Long Beach-Glendale metro), the neighborhood scores A- overall and is competitive among 1,441 metro neighborhoods for food and daily-needs access. Restaurant and grocery density rank near the top locally and score in the top national percentiles, supporting convenience that helps with tenant retention and leasing velocity.
Within a 3-mile radius, an estimated 66.8% of housing units are renter-occupied, indicating a sizable tenant base for multifamily investors. Median contract rents benchmark high versus national peers, and neighborhood-level occupancy is around the middle of U.S. neighborhoods, signaling steady demand with typical turnover and management needs rather than outsized vacancy risk.
Ownership costs are elevated relative to incomes in this neighborhood, with home values tracking near the top percentiles nationally. In practice, this high-cost ownership market tends to sustain reliance on rental housing, which can support pricing power and lease retention for well-managed assets.
School ratings in the area trend below national averages, which some renters may weigh against the strong amenity access. For investors, this mix suggests demand anchored more by proximity to employment and lifestyle services than by school-driven moves.
Neighborhood safety indicators compare favorably to many U.S. neighborhoods overall, with total crime levels tracking around the 73rd national percentile (safer than a majority of areas). Violent-offense metrics sit near the 59th national percentile, while property-offense levels are closer to the 35th percentile, indicating more exposure to property incidents than violent ones.
Recent trend data shows notable year-over-year improvements, with both violent and property offense rates decreasing materially. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), this pattern positions the area as competitive on safety momentum, though investors should still underwrite for standard urban property management and security measures.
The location taps into a diverse employment base across media, telecommunications, and entertainment, supporting workforce housing demand and commute convenience for renters. Nearby anchors include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney corporate offices (2.1 miles)
- Disney corporate offices (3.0 miles) HQ
- Charter Communications telecommunications offices (3.3 miles)
- Live Nation Entertainment entertainment offices (4.5 miles)
- Activision Blizzard Studios media & gaming offices (6.6 miles)
This 22-unit asset built in 1987 is slightly newer than the neighborhood s average vintage, offering competitive positioning versus older stock while still presenting potential to modernize systems and interiors. The surrounding North Hollywood neighborhood shows strong renter orientation within a 3-mile radius and amenity density in the top national percentiles, which supports leasing stability. Based on commercial real estate analysis from WDSuite, neighborhood rents benchmark high nationally, while occupancy trends are broadly mid-range, suggesting steady demand with management-focused value creation rather than outsized lease-up risk.
Elevated home values and value-to-income ratios in the neighborhood reinforce reliance on multifamily rentals, supporting pricing power for well-located assets. Forward-looking 3-mile demographics point to growth in households and incomes, implying a larger tenant base and continued depth of demand, though careful attention to rent-to-income levels and resident retention strategies remains important.
- Amenity-rich Urban Core location with food and grocery density in top national tiers, aiding retention and absorption.
- Strong renter concentration within 3 miles supports a deep tenant base and steady leasing.
- 1987 vintage offers relative competitiveness versus older stock with potential value-add through targeted modernization.
- High-cost ownership market supports rental demand and potential pricing power for well-managed units.
- Risks: mid-range neighborhood occupancy, below-average school ratings, and affordability pressure require active lease and expense management.