| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 65th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11466 W Miranda St, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2003 |
| Units | 29 |
| Transaction Date | 2001-12-27 |
| Transaction Price | $280,000 |
| Buyer | MIRANDA LTD PARTNERSHIP |
| Seller | MIRANDA PROPERTY LTD |
11466 W Miranda St North Hollywood Multifamily Investment
The neighborhood demonstrates strong renter demand fundamentals with 64.1% rental occupancy and elevated NOI performance according to WDSuite's CRE market data.
This 29-unit property built in 2003 operates in an Urban Core neighborhood with strong multifamily fundamentals. The area ranks in the top quartile among 1,491 metro neighborhoods for NOI per unit at $14,755 average, reflecting solid rental performance dynamics. Neighborhood-level occupancy holds at 94.2%, demonstrating tenant retention stability in this established rental market.
Demographics within a 3-mile radius show a balanced tenant profile with 67.2% of housing units renter-occupied, supporting consistent demand depth. The area attracts educated renters, with 38.7% of residents holding bachelor's degrees—ranking in the 96th percentile nationally. Median household income of $85,067 provides adequate rent-paying capacity, though the rent-to-income ratio of 23% suggests affordability considerations for lease management.
The neighborhood offers solid amenity access with 1.97 grocery stores per square mile and extensive restaurant density at 19.72 per square mile, both ranking well above metro averages. Childcare availability ranks exceptionally high at the 99th percentile nationally, appealing to family-oriented tenants. However, limited park access may affect tenant retention for households prioritizing outdoor recreation.
Forward-looking demographics indicate household growth of 36.3% projected through 2028, expanding the potential renter pool. Median household income is forecast to increase 42.3% over the same period, supporting rent growth potential while maintaining affordability for the target tenant base.
Safety metrics position this neighborhood competitively within the Los Angeles metro area. Property crime rates rank in the middle tier among 1,441 metro neighborhoods, while violent crime incidents remain relatively contained at 8.7 per 100,000 residents—placing the area in the 72nd percentile nationally for violent crime safety.
Recent trends show meaningful improvement in both property and violent crime rates, with year-over-year declines of 78.3% and 97.1% respectively. These reductions rank among the top performers regionally for crime trend improvement, suggesting enhanced neighborhood stability that can support tenant retention and leasing velocity.
The property benefits from proximity to major entertainment and media employers, providing workforce housing for a stable tenant base in North Hollywood's established employment corridor.
- Charter Communications — telecommunications (2.7 miles)
- Radio Disney — media & broadcasting (2.7 miles)
- Disney — entertainment & media (3.5 miles) — HQ
- Live Nation Entertainment — entertainment services (5.5 miles)
- Avery Dennison — industrial materials (7.3 miles) — HQ
This 2003-vintage property operates in a neighborhood demonstrating solid multifamily investment fundamentals. The area's NOI performance ranks in the 94th percentile nationally, while 64.1% rental occupancy provides a substantial renter base for tenant sourcing. The property's construction year positions it for potential value-add improvements while avoiding the capital intensity of older vintage assets.
Demographics support long-term rental demand with projected household growth of 36.3% through 2028 and income increases of 42.3% over the same period. The educated tenant profile and proximity to major employers like Disney and Charter Communications provide workforce housing stability, though multifamily property research indicates monitoring affordability metrics will be important for lease renewal strategies.
- Strong NOI performance ranking in 94th percentile nationally
- Substantial renter base with 67.2% of area housing units rental-occupied
- Projected 36.3% household growth expanding tenant pool through 2028
- Value-add potential from 2003 construction vintage
- Risk consideration: Rent-to-income ratio at 23% requires careful lease management