| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 38th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11426 Calvert St, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1997 |
| Units | 22 |
| Transaction Date | 2012-08-13 |
| Transaction Price | $3,800,000 |
| Buyer | N M & H M LLC |
| Seller | CALVERT LLC |
11426 Calvert St North Hollywood 22-Unit Multifamily Investment
In North Hollywood's Urban Core, neighborhood-level occupancy has been resilient and renter concentration is high, supporting steady leasing conditions; according to WDSuite's CRE market data, this high-cost ownership market tends to reinforce multifamily demand.
This location sits within a B+ rated Urban Core neighborhood that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (based on relative rank out of 1,441), offering solid day-to-day convenience for residents. Cafes, restaurants, groceries, and pharmacies are all in the top quartile nationally, indicating a dense amenity footprint that helps with resident retention and leasing velocity. By contrast, park access is limited, which may reduce appeal for some renters seeking abundant green space.
Neighborhood occupancy is above the national median, supporting income stability, though it does not lead the metro. The share of renter-occupied housing units is high, deepening the tenant base and generally supporting demand for multifamily units. Median home values are elevated for the area, which tends to sustain reliance on rentals and can aid pricing power and lease retention for well-positioned assets.
The property's 1997 vintage is newer than the neighborhood's average housing stock, which skews mid-century. That can provide a competitive edge versus older product while still leaving room for modernization or system upgrades to enhance positioning and drive rents within the submarket's range.
Demographic statistics are aggregated within a 3-mile radius. Household counts have inched up recently and are projected to expand further, with forecasts indicating population growth and a smaller average household size by 2028. These trends point to a larger tenant base and support for occupancy stability over the medium term, based on CRE market data from WDSuite.
School ratings in the surrounding area are below the national median, which may matter for family-focused renters, but the strong amenity mix and employment access often offset this for many renter cohorts seeking proximity to jobs and services.
Safety indicators compare favorably at the national level, landing in the top quartile nationwide, which supports leasing and retention narratives for a broad renter pool. At the same time, the neighborhood trends weaker relative to the Los Angeles-Long Beach-Glendale metro average, so operators should budget for standard security measures and resident communications appropriate for an urban Los Angeles location.
Recent year-over-year data shows notable declines in both property and violent offense rates in the neighborhood, according to WDSuite's CRE market data. While block-level variation can be meaningful, the directional trend is constructive for long-term operations.
Nearby employers span telecom, media, entertainment, live events, and corporate services, supporting renter demand through diverse white-collar and creative economy jobs. The companies below reflect the most proximate anchors likely to influence commuting patterns and leasing stability.
- Charter Communications — telecom (2.4 miles)
- Radio Disney — media (2.9 miles)
- Disney — entertainment (3.6 miles) — HQ
- Live Nation Entertainment — live events (5.9 miles)
- Avery Dennison — materials and labeling (7.3 miles) — HQ
11426 Calvert St offers 22 units built in 1997, positioning the asset as newer than much of the surrounding housing stock. Neighborhood-level occupancy runs above the national median and the renter-occupied share is high, supporting demand depth and potential leasing stability. Elevated home values in the area suggest a high-cost ownership market, which often sustains rental reliance and provides room for disciplined pricing. According to CRE market data from WDSuite, amenity density ranks in the top quartile nationally, aiding resident retention despite limited park access.
Within a 3-mile radius, households have been edging higher and are projected to grow further by 2028 as average household size trends lower, implying a broader tenant base over time. The combination of employment accessibility, strong daily amenities, and a value-add path for a late-1990s asset creates a straightforward, operations-focused thesis, while acknowledging metro-relative safety positioning and the need for continued capital planning as systems age.
- Newer 1997 vintage versus neighborhood stock, with room for targeted modernization
- High renter concentration and above-national occupancy support demand depth
- Top-quartile amenity density and access to major employers aid retention
- Risks: metro-relative safety positioning and limited parks; plan for ongoing CapEx and affordability management