| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 38th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11323 W Oxnard St, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1984 |
| Units | 80 |
| Transaction Date | 1997-07-08 |
| Transaction Price | $2,157,500 |
| Buyer | 11313 OXNARD PLAZA LLC |
| Seller | 11313 OXNARD PLAZA LTD |
11323 W Oxnard St North Hollywood Multifamily Investment
This 80-unit property targets a rental-dense neighborhood with 94% occupancy and strong tenant retention fundamentals. CRE market data from WDSuite indicates neighborhood-level rental demand supported by limited ownership options and workforce proximity.
The North Hollywood neighborhood ranks in the top quartile nationally for amenity access, with high-density retail, dining, and essential services supporting tenant retention. The area maintains 94% occupancy rates and a 96th percentile ranking nationally for rental unit concentration, indicating consistent demand for multifamily housing. Neighborhood-level rents have increased 34% over five years, reflecting pricing power despite affordability pressures.
Demographics within a 3-mile radius show 67.6% of housing units are renter-occupied, reinforcing rental demand depth. The median household income of $83,092 projects to reach $119,122 by 2028, supporting rent growth potential while current rent-to-income ratios suggest affordability monitoring may be warranted for lease renewals.
Built in 1984, the property aligns with the neighborhood's 1964 average construction year, positioning it as newer stock that may require less immediate capital expenditure compared to older area buildings. The urban core location provides access to 17.3 restaurants per square mile and strong transit connectivity, supporting tenant appeal and retention in a competitive rental market.
Crime metrics show the neighborhood ranking in the upper quartile among 1,441 Los Angeles metro neighborhoods, with property offense rates declining 86% year-over-year and violent crime down 91%. These trends suggest improving conditions, though investors should monitor ongoing patterns as part of tenant retention and leasing velocity assessments.
The neighborhood's 79th percentile national ranking for overall crime performance indicates competitive safety conditions compared to similar urban markets nationwide. Property offense rates of 113 per 100,000 residents remain within typical ranges for dense urban areas, supporting stable tenant demand fundamentals.
The property benefits from proximity to major entertainment and corporate employers, supporting workforce housing demand and commute convenience for professional tenants.
- Charter Communications — telecommunications (2.4 miles)
- Radio Disney — media & entertainment (2.8 miles)
- Disney — entertainment & media (3.4 miles) — HQ
- Live Nation Entertainment — entertainment services (5.7 miles)
- Avery Dennison — manufacturing & materials (7.1 miles) — HQ
This 80-unit North Hollywood property targets a fundamentally strong rental market with 94% neighborhood occupancy and 67.6% renter tenure, indicating consistent demand depth. The 1984 construction year positions the asset as competitive vintage requiring manageable capital planning compared to older area stock. Projected household income growth from $83,092 to $119,122 by 2028 supports rent advancement potential, while proximity to Disney headquarters and entertainment employers reinforces workforce housing appeal.
According to commercial real estate analysis from WDSuite, the neighborhood ranks in the top quartile nationally for rental concentration and amenity access, supporting tenant retention fundamentals. However, current rent-to-income ratios and affordability pressures warrant careful lease management and renewal strategies to maintain occupancy stability in a competitive urban market.
- Strong rental fundamentals with 94% neighborhood occupancy and 96th percentile national ranking for renter density
- Workforce housing location near Disney HQ and major entertainment employers supporting tenant demand
- 1984 vintage offers competitive positioning with manageable capital expenditure needs
- Projected 43% household income growth through 2028 supports rent advancement potential
- Risk consideration: Current affordability pressures require active lease management and renewal monitoring