| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 65th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11459 Collins St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1990 |
| Units | 33 |
| Transaction Date | 2000-03-29 |
| Transaction Price | $2,225,000 |
| Buyer | HEKMATJAH MAJID |
| Seller | 11459 COLLINS ASSOC |
11459 Collins St North Hollywood Multifamily Investment
Renter demand is supported by steady neighborhood occupancy and a strong employment base, according to WDSuite’s CRE market data. Elevated ownership costs in North Hollywood sustain the renter pool, helping stabilize leasing and renewals.
Located in North Hollywood’s Urban Core, the property benefits from a renter-driven neighborhood and durable demand drivers. Neighborhood occupancy has held in the mid-90s, and net operating income per unit ranks in the top decile nationally — signals that point to competitive rent levels and generally resilient cash flow at the neighborhood scale, based on CRE market data from WDSuite.
Livability supports leasing: restaurants and daily-needs retail score well versus national norms (restaurants are in a high national percentile, with grocery and pharmacy access also above average). Childcare density is particularly strong (top percentile nationally). By contrast, parks and cafes are relatively limited nearby, which is worth noting when positioning amenities and marketing.
Tenure patterns indicate depth for multifamily: the share of housing units that are renter-occupied sits in the mid-60s in the neighborhood, reinforcing a broad tenant base and supporting occupancy stability. Within a 3-mile radius, projections point to population growth alongside a notable increase in households by the mid-term forecast period, implying smaller household sizes and a larger renter pool over time — favorable dynamics for lease-up and renewal rates.
Affordability dynamics are mixed but generally constructive for rentals. Home values are elevated relative to national norms, which tends to sustain reliance on multifamily housing and supports pricing power. At the same time, rent-to-income sits below national norms for comparable neighborhoods, which can aid retention and reduce turnover risk as rents are managed over time.
Schools in the area trend below the national median on average ratings, which may modestly temper family-driven demand in some unit types; operators can offset with in-building amenities and convenience to employment centers.
Safety trends compare favorably in a broad context. The neighborhood’s crime profile is competitive among Los Angeles-Long Beach-Glendale metro neighborhoods (1,441 total), and it sits around the top quintile nationally for safety. Recent year-over-year data also indicate notable declines in both property and violent offenses, according to WDSuite’s CRE market data.
Investors should treat safety as a monitoring item rather than a fixed attribute. Comparative strength versus metro peers and improving recent trends can support leasing and renewal conversations, but localized conditions can vary block to block and should be validated during diligence.
Proximity to major corporate offices in media, entertainment, and professional services supports a large commuter tenant base and strengthens leasing visibility. Nearby anchors include Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — corporate offices (2.7 miles)
- Charter Communications — corporate offices (2.7 miles)
- Disney — corporate offices (3.4 miles) — HQ
- Live Nation Entertainment — corporate offices (5.5 miles)
- Avery Dennison — corporate offices (7.2 miles) — HQ
11459 Collins St is a 33-unit asset built in 1990, a relatively newer vintage than much of the surrounding housing stock. That positioning can reduce near-term capital exposure versus older buildings while still leaving room for targeted modernization to sharpen competitiveness. Average floor plans are sizeable (approximately 950 square feet), which supports tenant livability and renewal potential.
Demand fundamentals are supported by a renter-occupied share in the mid-60s at the neighborhood level and projected household growth within a 3-mile radius, indicating a larger tenant base and sustained leasing visibility. According to CRE market data from WDSuite, neighborhood occupancy has held in the mid-90s, and elevated ownership costs locally tend to reinforce reliance on multifamily housing — constructive for pricing and retention if managed thoughtfully.
- Renter-heavy neighborhood and projected household gains within 3 miles support a larger tenant base and occupancy stability.
- 1990 vintage offers relative durability versus older stock, with value-add potential via selective upgrades.
- Elevated ownership costs bolster multifamily demand and can sustain pricing power with disciplined lease management.
- Proximity to major corporate offices (media, entertainment, and professional services) underpins commuter demand and renewals.
- Risks: below-median school ratings and limited nearby parks/cafes may temper family appeal; monitor sector cyclicality tied to entertainment employment.