| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 38th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11657 Oxnard St, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1991 |
| Units | 101 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11657 Oxnard St North Hollywood Multifamily Investment
Positioned in an Urban Core pocket of North Hollywood with steady renter demand and above-metro occupancy, this 101-unit asset offers durable cash flow potential, according to WDSuite’s CRE market data. Newer-than-area stock supports competitive positioning while the broader Los Angeles fundamentals continue to attract renters.
The property sits in a B+–rated Urban Core neighborhood within the Los Angeles-Long Beach-Glendale metro, competitive among 1,441 metro neighborhoods (ranked 495). Neighborhood occupancy is approximately 94%, indicating a relatively tight rental market that can support leasing stability and pricing discipline.
Renter-occupied housing makes up roughly two-thirds of units locally (about 68%), signaling a deep tenant base for multifamily. Within a 3-mile radius, households have grown modestly in recent years and are projected to expand further, which points to a larger tenant pool and supports occupancy stability going forward. These demographic statistics are aggregated within a 3-mile radius.
The asset’s 1991 vintage is newer than the neighborhood’s older housing stock (average vintage 1964). That relative youth can enhance competitiveness versus legacy properties, though investors should still underwrite routine modernization and systems updates over the hold.
Local lifestyle and daily-needs access are strong: cafés, childcare, pharmacies, and restaurants rank in the mid-90s percentiles nationally, while grocery access is also above average. Park access is limited in the immediate area, which may modestly temper outdoor amenity appeal. Average school ratings in the neighborhood are below the national midpoint, a consideration for family-oriented demand profiles.
On pricing and demand, neighborhood contract rents and incomes have both trended up over the past five years, with rent levels rising notably, according to WDSuite’s commercial real estate analysis. Elevated home values and a high value-to-income ratio indicate a high-cost ownership market, which tends to sustain renter reliance on multifamily housing and can support retention and occupancy. At the same time, rent-to-income levels suggest some affordability pressure, warranting attentive lease management and renewal strategies.
Safety trends are comparatively favorable in context. The neighborhood’s crime profile is competitive among Los Angeles-Long Beach-Glendale neighborhoods (rank 273 of 1,441) and sits in the top quartile nationally based on WDSuite indicators. Recent WDSuite readings also show sharp year-over-year declines in both violent and property offense rates, reinforcing an improving trend rather than a block-level guarantee.
Investors should view these figures as area-level signals. Conditions can vary by street and over time, so on-the-ground diligence remains important when sizing risk and insurance assumptions.
Proximity to major media and corporate offices underpins renter demand, offering short commutes for entertainment and corporate services workforces. Notable nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — corporate offices (2.8 miles)
- Radio Disney — corporate offices (3.2 miles)
- Disney — corporate offices (3.8 miles) — HQ
- Live Nation Entertainment — corporate offices (5.9 miles)
- Avery Dennison — corporate offices (7.6 miles) — HQ
This 1991-vintage, 101-unit property benefits from a renter-centric location where occupancy is about 94% and area homeownership costs are elevated, supporting consistent multifamily demand. The asset’s relatively newer vintage versus the local 1960s-era average positions it well against older competitors, while still allowing for targeted value-add through modernization. Within a 3-mile radius, households are expected to increase, expanding the tenant base and supporting leasing stability. According to CRE market data from WDSuite, neighborhood rent levels and incomes have moved higher over the past five years, reinforcing underlying demand in this North Hollywood pocket.
Key considerations include thoughtful lease management given rent-to-income dynamics, below-average school ratings, and limited nearby parks. Overall, the combination of strong renter concentration, proximity to major employers, and competitive vintage supports a durable long-term thesis with measured operational execution.
- Tight neighborhood occupancy and deep renter base support leasing stability
- 1991 construction offers competitive positioning with targeted value-add potential
- High-cost ownership market reinforces reliance on rentals and retention
- Expanding households within 3 miles point to a larger tenant pool over time
- Risks: affordability pressure, limited park access, and below-average school ratings