| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 84th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11495 Riverside Dr, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11495 Riverside Dr North Hollywood Multifamily Investment
High renter concentration and strong home values in the surrounding neighborhood point to durable multifamily demand, according to WDSuite’s CRE market data. Occupancy has trended upward locally, supporting stable operations for well-managed assets.
Situated in North Hollywood’s Urban Core, the property sits in a neighborhood rated A with performance that is above the metro median among 1,441 Los Angeles-Long Beach-Glendale, CA neighborhoods. Restaurant density is competitive among metro peers and grocery access also ranks above the metro median, while parks access performs in the 96th percentile nationally — a lifestyle amenity mix that helps retention for professionally operated multifamily.
Renter-occupied housing accounts for a high share of units in the neighborhood (top national tier), implying a deep tenant base for a 45-unit property. Neighborhood occupancy is around the metro average and has improved over the past five years, suggesting steadier lease-ups for assets that are appropriately priced and maintained.
At the neighborhood level, median home values sit in a high-cost ownership market (97th percentile nationally) and value-to-income measures are elevated. For investors, that typically sustains reliance on rental housing and can support pricing power, while the neighborhood’s rent-to-income ratio remains comparatively manageable, aiding lease retention.
The building’s 1985 vintage is newer than the neighborhood’s average construction year (1970). That positioning can be competitive versus older stock, though investors should plan for targeted modernization and system upgrades to meet today’s renter expectations and maintain occupancy stability.
Demographics aggregated within a 3-mile radius show households have edged higher with smaller average household sizes, and forecasts point to further increases in households alongside income growth. This points to a gradually expanding renter pool and supports sustained demand for well-located multifamily near jobs and services.
Safety indicators compare favorably at the national level: the neighborhood sits in the top quartile nationally for overall safety, with violent and property offense rates around the national mid-to-better range. Within the Los Angeles metro (1,441 neighborhoods), conditions are mixed, so property-level security and good lighting remain prudent operating practices.
Recent trend data shows notable year-over-year declines in both violent and property offense estimates, according to WDSuite. For investors, that trajectory can support renter confidence and reduce non-operating risk, while ongoing monitoring against metro peers is advisable.
Nearby employment is anchored by media, entertainment, telecom, and engineering firms, supporting workforce housing demand and convenient commutes for residents. The following employers are within a short drive and help underpin leasing fundamentals: Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and AECOM.
- Radio Disney — media & entertainment (2.3 miles)
- Disney — media & entertainment (3.3 miles) — HQ
- Charter Communications — telecom (3.6 miles)
- Live Nation Entertainment — live events & entertainment (4.5 miles)
- AECOM — engineering & infrastructure (7.1 miles) — HQ
11495 Riverside Dr offers exposure to a North Hollywood neighborhood where renter concentration is high and homeownership costs are elevated, reinforcing multifamily demand. Neighborhood occupancy is around the metro average but has improved over five years, and net operating income per unit benchmarks in the top decile nationally, based on commercial real estate analysis from WDSuite. The 1985 vintage is newer than area norms, offering competitive positioning versus older stock, with selective upgrades likely to enhance rentability.
Within a 3-mile radius, households are projected to grow alongside rising incomes and smaller household sizes, pointing to a larger tenant base and steady absorption for well-managed units. Proximity to major employers in media, telecom, and engineering further supports leasing stability and retention.
- High renter-occupied share and elevated home values support deep rental demand
- NOI per unit benchmarks strongly versus national peers, signaling resilient operations
- 1985 vintage is newer than local average, with upside from targeted modernization
- Employer proximity across entertainment, telecom, and engineering supports leasing
- Watchlist: neighborhood safety is mixed within the metro and rising rents may require active retention strategies