| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 84th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11416 Albers St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11416 Albers St, North Hollywood Multifamily
Renter demand is reinforced by an Urban Core neighborhood with a high renter-occupied share and solid amenity access, according to WDSuite’s CRE market data. Occupancy in the surrounding area has been steady, supporting income durability for a 22-unit asset.
The property sits in an A-rated Urban Core pocket of the Los Angeles-Long Beach-Glendale metro, ranking in the top quartile among 1,441 metro neighborhoods. Neighborhood-level occupancy has held near the national middle, while the renter-occupied share is elevated, indicating a deep tenant base and potential leasing stability for multifamily operators.
Vintage is investor-relevant: the building was constructed in 1988, newer than the neighborhood s average 1970 stock. That positioning can reduce immediate core system risk relative to older comparables, while still leaving room for targeted modernization to lift rents and competitive standing.
Local dynamics favor daily convenience more than destination retail. Neighborhood data show strong access to parks (top national decile) and solid restaurant and grocery density, while cafes and pharmacies are comparatively sparse. This blend supports day-to-day livability without relying on premium retail, a profile that can underpin steady occupancy rather than discretionary traffic, per commercial real estate analysis from WDSuite.
Within a 3-mile radius, demographic statistics indicate a stable to expanding renter pool: households have grown recently and are projected to increase further, with smaller average household sizes over time. Median incomes have climbed, and neighborhood home values sit in a high-cost ownership market, which tends to sustain reliance on rental housing and can support retention and pricing power. Neighborhood rent-to-income levels remain manageable in aggregate, suggesting lower affordability pressure and fewer lease management frictions than in higher-burden submarkets.
Safety trends are competitive versus national benchmarks. The neighborhood sits around the top quartile nationally for overall safety, and recent year-over-year declines in both violent and property offenses rank among the steepest nationwide, based on WDSuite s data. As always, conditions vary block to block, but at the neighborhood level this trajectory supports renter confidence and leasing consistency.
Proximity to media, telecom, and corporate headquarters supports renter demand through short commutes and diversified white-collar employment. Notable nearby employers include Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media (2.5 miles)
- Charter Communications — telecom & media (2.8 miles)
- Disney — entertainment studios (3.3 miles) — HQ
- Live Nation Entertainment — live events & media (5.2 miles)
- Avery Dennison — materials & labeling (7.1 miles) — HQ
11416 Albers St offers exposure to a top-quartile Los Angeles metro neighborhood where renter concentration is high and home ownership costs are elevated, supporting depth of demand for apartments. Built in 1988, the asset is newer than much of the surrounding housing stock, which can moderate near-term capital needs while preserving value-add potential through selective renovations. Neighborhood occupancy is stable and rent-to-income levels are manageable, supporting retention and cash flow consistency, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics point to a larger tenant base over time as households expand and average household size trends lower. Combined with strong park, grocery, and restaurant access, and proximity to major employers in entertainment and telecom, the submarket s fundamentals support long-term leasing durability. Risks to underwrite include periodic competition from new deliveries in nearby nodes and the uneven distribution of certain amenities (e.g., limited cafes and pharmacies) that may shape micro-location appeal.
- High renter concentration and elevated ownership costs sustain multifamily demand and support retention
- 1988 vintage offers relative systems maturity with clear value-add/modernization pathways
- Neighborhood occupancy and rent-to-income levels align with steady cash flow potential
- Employer proximity (entertainment, telecom, corporate HQs) supports leasing stability
- Watchlist: competitive new supply in adjacent nodes and uneven amenity mix at the micro level