| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 65th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11608 W Oxnard St, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | 2001-12-26 |
| Transaction Price | $468,000 |
| Buyer | CIRRUS 11600 OXNARD STREET LLC |
| Seller | JACOBS GILBERT |
11608 W Oxnard St North Hollywood Multifamily Investment
Renter demand is supported by a deep tenant base and steady neighborhood occupancy, according to WDSuite’s CRE market data, with ownership costs in North Hollywood favoring long-term reliance on rental housing. Positioning near major employment hubs further underpins leasing stability.
This Urban Core neighborhood in the Los Angeles metro rates A- and performs competitively among metro peers, ranking in the top quartile among 1,441 metro neighborhoods. Restaurant and daily-needs access are strong (restaurants and pharmacies score in the top quartile nationally), and childcare density is among the strongest nationwide. By contrast, parks and cafes are limited nearby, a modest lifestyle trade-off investors should note.
The renter-occupied share is high at the neighborhood level and within the 3-mile radius, indicating a deep multifamily tenant base that can support lease-up and retention. Neighborhood occupancy trends sit above national medians with multi-year stability, a constructive backdrop for cash flow consistency.
Within a 3-mile radius, households have grown recently and are projected to expand further over the next five years, even as average household size trends lower. This combination typically broadens the renter pool for smaller formats while supporting demand across conventional units. Median incomes have risen and are expected to continue growing, while neighborhood rent-to-income remains comparatively manageable, helping mitigate near-term affordability pressure and supporting renewals.
Home values in the neighborhood are elevated relative to national benchmarks and the value-to-income ratio is high, signaling a high-cost ownership market. For investors, this context tends to sustain rental demand and pricing power, particularly for well-maintained, functionally efficient units.
Neighborhood safety compares favorably: crime conditions are competitive among Los Angeles neighborhoods (ranked stronger than many peers out of 1,441) and sit in a higher national safety percentile. Recent data also shows notable one-year declines in both property and violent offenses, according to WDSuite, improving risk perception for residents and operators.
As always, property-level diligence is essential. Safety dynamics vary by block and over time, but current trend lines point to improving conditions relative to both metro and national baselines.
Proximity to major entertainment and corporate offices supports a broad workforce renter base and short commutes, which can aid leasing velocity and retention. Nearby anchors include Charter Communications, Radio Disney, The Walt Disney Company, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — corporate offices (2.7 miles)
- Radio Disney — corporate offices (3.1 miles)
- Disney — corporate offices (3.8 miles) — HQ
- Live Nation Entertainment — corporate offices (5.9 miles)
- Avery Dennison — corporate offices (7.5 miles) — HQ
Built in 1980, the property is newer than much of the surrounding housing stock, offering a relative edge versus older assets while still presenting potential modernization or value-add opportunities. Demand fundamentals are reinforced by a high renter concentration, steady neighborhood occupancy, and an ownership market with elevated home values that tends to sustain reliance on multifamily housing, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, households are growing and are projected to expand further, with smaller average household sizes broadening the renter pool for efficient one- and two-bedroom layouts. Income growth trends and comparatively manageable rent-to-income at the neighborhood level support retention and limit downside from affordability pressure, while proximity to major employers anchors day-to-day leasing.
- 1980 vintage offers relative competitiveness vs. older stock with attainable renovation upside
- Deep renter base and stable neighborhood occupancy support cash flow durability
- High-cost ownership market reinforces long-term rental demand and pricing power
- Household growth and shrinking household size within 3 miles expand the renter pool
- Risk: limited parks/cafes and mixed school ratings may influence segment-specific appeal