| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 38th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11450 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 |
11450 Calvert St, North Hollywood 40-Unit Multifamily
Neighborhood renter concentration and steady occupancy support durable leasing at this 40-unit asset, according to WDSuite’s CRE market data. Strong local amenities and a high-cost ownership market suggest resilient renter demand rather than reliance on outsized rent growth.
Situated in North Hollywood’s Urban Core, the property benefits from a neighborhood rated B+ and positioned above the metro median (rank 495 among 1,441 Los Angeles metro neighborhoods). Amenity access is a local strength: cafes, restaurants, groceries, and pharmacies score in the top quartile nationally, which helps underpin renter appeal and day-to-day convenience for residents.
The renter-occupied share in the neighborhood is 67.6%, indicating a deep tenant base that supports multifamily demand and retention. Neighborhood occupancy is 94.0% (neighborhood metric, not property-level), which is above the national mid-point and generally supports leasing stability for comparable assets.
Median home values rank in the 95th percentile nationally, reflecting a high-cost ownership market that tends to sustain reliance on rental housing and can support pricing power when balanced with lease management and tenant retention. By comparison, rent-to-income measurements are comparatively modest at the neighborhood level, suggesting manageable affordability pressure relative to peer high-cost areas.
Within a 3-mile radius, households increased over the past five years even as average household size edged lower, and forecasts point to additional population and household growth over the next five years. This combination implies a gradually expanding renter pool and supports occupancy for workforce and mid-market units. The average neighborhood construction year is 1964, and this asset’s 1977 vintage is newer than much of the nearby stock—providing relative competitiveness versus older properties, while still offering potential for targeted modernization to capture value.
School ratings in the area trend below national midpoints, and park access is limited, which investors should weigh when positioning for family-oriented demand. Even so, amenity density and transit-accessible employment nodes across the Valley and Hollywood strengthen the day-to-day livability profile for a broad renter cohort.
Safety indicators for the surrounding neighborhood compare favorably at a national level: overall crime conditions are in the top quartile nationally, and the area is competitive among Los Angeles neighborhoods (rank 273 out of 1,441). Violent-offense readings sit around the national mid-range, indicating neither an outlier risk nor a standout advantage versus U.S. peers.
Recent trend data from WDSuite shows sharp year-over-year declines in both property and violent offense estimates at the neighborhood level. While short-term swings can normalize, the directional improvement, combined with the area’s above-metro positioning, supports a constructive outlook for tenant retention and operations. As always, investors should validate trends over multiple periods and underwrite appropriate security and lighting upgrades as needed.
Nearby media and corporate offices anchor a diverse employment base that supports renter demand through commute convenience and steady leasing. Key nodes include Charter Communications, Radio Disney, The Walt Disney Company, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (2.43 miles)
- Radio Disney — media offices (2.97 miles)
- Disney — entertainment studios (3.61 miles) — HQ
- Live Nation Entertainment — live entertainment corporate offices (5.90 miles)
- Avery Dennison — materials manufacturing (7.31 miles) — HQ
This 40-unit, 1977-vintage asset sits in a North Hollywood neighborhood with above-median metro positioning and strong amenity density. The area’s 67.6% renter-occupied share and a neighborhood occupancy reading of 94.0% (neighborhood metric) point to a sizable tenant base and stable leasing conditions. Elevated home values (95th percentile nationally) reinforce reliance on multifamily housing, while rent-to-income readings are comparatively manageable for a high-cost market, supporting retention when paired with disciplined lease management. Based on commercial real estate analysis from WDSuite, the property’s vintage is newer than the neighborhood average, offering relative competitiveness versus older stock and targeted value-add potential via common-area refreshes, in-unit updates, and building system modernization as needed.
Within a 3-mile radius, recent household gains and forecasts for additional population and household growth suggest ongoing renter pool expansion over the next five years. Proximity to major entertainment and corporate employers broadens the demand base, supporting occupancy resilience across cycles. Key underwriting considerations include below-average school ratings and limited park access, which may influence renter mix and amenity strategy.
- Strong renter base and above-midpoint neighborhood occupancy support stable leasing
- High-cost ownership market underpins multifamily demand and pricing power
- 1977 vintage newer than area average, with targeted value-add and systems upgrades potential
- Employment access to major studios and corporate offices broadens tenant demand
- Risks: lower school ratings and limited park access may affect family-oriented demand