| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 38th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11434 Calvert St, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1977 |
| Units | 40 |
| Transaction Date | 2007-12-01 |
| Transaction Price | $307,500 |
| Buyer | HELPER EILEEN |
| Seller | HORLICK ANN |
11434 Calvert St North Hollywood Multifamily Investment
Renter-occupied housing is prevalent in this North Hollywood neighborhood, and occupancy trends remain in the mid-90s, according to WDSuite’s CRE market data. Strong daily-needs amenities support leasing stability for value-add and hold strategies.
This Urban Core neighborhood of North Hollywood shows balanced fundamentals that matter for multifamily operations. Neighborhood occupancy trends sit above the national median, supporting stable collections and retention, while a high renter-occupied share signals a deep tenant base for 1- and 2-bedroom units. The property’s 1977 vintage is newer than the neighborhood’s average construction year, pointing to relative competitiveness versus older local stock, though investors should plan for aging-system updates and modernization where needed.
Amenity access is a clear strength at the neighborhood level. Restaurant and café density ranks in the top quartile nationally, and grocery and pharmacy access also test in the upper percentiles. These concentrations typically reduce car dependence and help sustain leasing velocity, particularly for workforce renters seeking walkable conveniences.
Within a 3-mile radius, households have increased modestly over the last five years and are projected to grow further by the next planning period, with smaller average household sizes. This pattern generally expands the renter pool and supports occupancy stability. Median home values in the neighborhood are elevated and rank near the top nationally, and the value-to-income ratio also falls in the top tier; in practice, a high-cost ownership market often reinforces reliance on multifamily housing and can bolster pricing power and lease retention.
On the other side of the ledger, local school ratings trend below the national median, which can moderate family-driven demand. Parks are relatively limited within the neighborhood boundary. Still, strong daily-needs amenities, above-median neighborhood occupancy, and a high renter concentration (renter-occupied share among the highest nationally) combine to support consistent demand.
Safety indicators for the neighborhood compare favorably at the national level, trending above the U.S. median and closer to the top quartile nationally. At the metro scale (Los Angeles‑Long Beach‑Glendale, 1,441 total neighborhoods), conditions vary by corridor, so block-level experience can differ from the broader trend.
Recent year-over-year readings show notable declines in both property and violent offense rates at the neighborhood level, indicating improving momentum. Investors should still underwrite to submarket norms and consider standard security and lighting upgrades typical for Urban Core locations.
Proximity to major media and corporate offices underpins a diverse employment base and supports renter demand through commute convenience. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (2.4 miles)
- Radio Disney — media (2.9 miles)
- Disney — media & entertainment (3.6 miles) — HQ
- Live Nation Entertainment — live entertainment offices (5.9 miles)
- Avery Dennison — materials & packaging (7.3 miles) — HQ
11434 Calvert St positions investors in a renter-heavy North Hollywood neighborhood where occupancy trends are above the national median and daily-needs amenities rank in the upper percentiles. Built in 1977, the asset is newer than much of the local housing stock, offering relative competitive positioning versus older comparables while still warranting targeted CapEx for systems and finishes. Elevated neighborhood home values and a high value-to-income ratio indicate a high-cost ownership market, which typically sustains multifamily demand and supports lease retention.
Within a 3-mile radius, households have grown and are projected to increase further while average household size edges down, expanding the renter pool over time. According to CRE market data from WDSuite, neighborhood occupancy remains resilient and the renter-occupied share is among the highest nationally—favorable signals for long-term demand, tempered by below-median school ratings and the need for prudent expense management as the property ages.
- Renter-heavy neighborhood and above-median occupancy support stable leasing
- 1977 vintage is newer than local average, with value-add and modernization potential
- Strong amenity access and proximity to major employers reinforce demand
- High-cost ownership landscape can bolster pricing power and retention
- Risks: below-median school ratings, limited parks, and aging systems require thoughtful CapEx and ops discipline