| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 86th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11545 Moorpark St, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1980 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11545 Moorpark St North Hollywood Multifamily Investment
This 35-unit property benefits from strong neighborhood-level occupancy at 95.1% and median rents of $1,859, according to CRE market data from WDSuite.
This North Hollywood neighborhood ranks in the top quartile nationally for housing metrics among 1,441 metro neighborhoods, with strong fundamentals supporting multifamily demand. The area maintains 95.1% occupancy rates with median contract rents of $1,859, reflecting stable rental market conditions. With 54.6% of housing units renter-occupied, the neighborhood demonstrates consistent rental demand that supports occupancy stability.
Built in 1980, this property aligns with the neighborhood's average construction year of 1983, indicating potential value-add opportunities through strategic renovations and unit improvements. The area shows resilient demographics within a 3-mile radius, with 184,094 residents and median household income of $98,491. Projected household growth of 38.8% through 2028 suggests an expanding renter pool that could support sustained occupancy levels.
The neighborhood offers strong amenity density with 2.38 cafes, grocery stores, and childcare centers per square mile, ranking in the 94th-95th percentiles nationally for these categories. Schools average 4.0 out of 5 stars, placing the area in the 84th percentile nationally. High median home values of $1.31 million reinforce rental demand by limiting ownership accessibility, supporting tenant retention and lease renewal rates.
The neighborhood demonstrates improving safety trends with property offense rates declining 78.2% year-over-year and violent offense rates down 89.9%. These improvements place the area in the 97th and 99th percentiles nationally for crime reduction trends, respectively. Current property offense rates of 311.7 per 100,000 residents rank near the metro median among 1,441 neighborhoods.
Violent crime rates remain low at 18.3 incidents per 100,000 residents, positioning the neighborhood above metro averages for safety metrics. The combination of declining crime trends and competitive safety statistics relative to the broader Los Angeles metro supports tenant retention and property appeal.
The property benefits from proximity to major entertainment and media employers that anchor the North Hollywood employment base, providing workforce housing opportunities for a stable tenant demographic.
- Radio Disney — media & entertainment (2.4 miles)
- Disney — entertainment & media (3.4 miles) — HQ
- Charter Communications — telecommunications (4.1 miles)
- Live Nation Entertainment — entertainment services (4.1 miles)
- Live Nation Entertainment — entertainment services (5.3 miles) — HQ
This 35-unit North Hollywood property offers stable cash flow fundamentals with neighborhood occupancy rates of 95.1% and average NOI per unit of $14,363, ranking in the 93rd percentile nationally. The 1980 construction year presents value-add opportunities through unit renovations and property improvements in a market where median rents have grown 25.2% over five years. Demographics within a 3-mile radius show household growth projections of 38.8% through 2028, expanding the potential tenant base.
High median home values of $1.31 million sustain rental demand by limiting ownership accessibility, while the neighborhood's 54.6% renter occupancy rate demonstrates consistent multifamily market depth. According to multifamily property research from WDSuite, the area's strong amenity density and declining crime trends support tenant retention and lease renewal potential.
- Neighborhood occupancy at 95.1% with median rents of $1,859 supporting cash flow stability
- Value-add potential through renovations of 1980-vintage units in appreciating market
- Projected 38.8% household growth through 2028 expanding renter pool
- High home values sustain rental demand by limiting ownership accessibility
- Risk: Property age requires capital expenditure planning for major systems and unit upgrades