| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 84th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11659 Chandler Blvd, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1980 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11659 Chandler Blvd North Hollywood Multifamily Opportunity
Renter demand is supported by a high neighborhood share of renter-occupied units and steady occupancy, according to WDSuite’s CRE market data. Positioning in North Hollywood’s Urban Core offers durable leasing fundamentals with room for operational upside.
North Hollywood’s Urban Core setting provides everyday convenience and connectivity that matter for leasing. Restaurants and parks are comparatively dense (both above national medians), while grocery access is strong for the metro. Cafes and pharmacies are less concentrated locally, suggesting residents rely on nearby submarkets for some errands.
The neighborhood skews renter-heavy, with a high share of housing units that are renter-occupied. For multifamily owners, this depth of the tenant base supports demand stability and renewals, while the area’s occupancy has improved over the past five years. Median home values sit at the high end for the region, reinforcing reliance on multifamily rentals and supporting pricing power when units are well-maintained.
Construction in the immediate area averages 1970. With a 1980 vintage, this property is newer than the local stock, which can aid competitive positioning versus older assets; investors should still budget for system upgrades or targeted renovations to meet current renter expectations.
Within a 3-mile radius, household counts have edged up recently and are projected to expand further, even as average household size trends down. That combination points to a larger renter pool and support for occupancy stability. Neighborhood quality scores are strong (rated A and competitive among Los Angeles-Long Beach-Glendale neighborhoods), with housing and demographics metrics landing in the top quartile nationally, based on CRE market data from WDSuite.
Safety indicators for the neighborhood compare favorably in a national context, landing above the U.S. median and competitive among Los Angeles-Long Beach-Glendale neighborhoods (1,441 total). Recent trends show notable year-over-year improvements in both property and violent offense estimates, which supports renter confidence and lease retention.
As always, conditions can vary by block and over time; investors should confirm on-the-ground patterns and management practices, but current directional data points to improving safety relative to national norms.
Proximity to major media and telecom employers supports a sizeable commuter tenant base and helps underpin leasing stability for workforce and creative-class renters. Notable nearby employers include Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — corporate offices (2.8 miles)
- Charter Communications — telecom & media (3.2 miles)
- Disney — entertainment HQ (3.6 miles) — HQ
- Live Nation Entertainment — entertainment offices (5.3 miles)
- Activision Blizzard Studios — gaming & media (7.0 miles)
The investment case centers on durable renter demand, premium-for-ownership dynamics, and a location that is competitive within the Los Angeles-Long Beach-Glendale metro. Neighborhood occupancy has trended upward and the concentration of renter-occupied units is high, supporting a stable tenant base. Elevated home values in the area reinforce reliance on multifamily housing, aiding pricing power when operations and finishes are competitive. According to CRE market data from WDSuite, neighborhood quality, income profiles, and NOI performance sit well above national medians, aligning with steady long-term fundamentals.
Built in 1980, the asset is newer than much of the local housing stock, which can provide an edge versus older buildings while still offering targeted value-add through modernization and system updates. Within a 3-mile radius, forecasts call for meaningful growth in households alongside smaller average household sizes, implying a larger pool of renters and support for occupancy stability and renewal rates.
- High renter concentration and steady neighborhood occupancy support demand and retention
- Elevated ownership costs in the area bolster multifamily leasing and pricing power
- 1980 vintage offers relative competitiveness with selective value-add potential
- 3-mile forecasts indicate household growth and a larger renter pool to support occupancy
- Risk: amenity gaps (limited cafes/pharmacies nearby) and leasing competition warrant careful asset and operations strategy