| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 30th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11722 Saticoy St, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 25 |
| Transaction Date | 2007-04-20 |
| Transaction Price | $2,000,000 |
| Buyer | BARAKAT ADIL A |
| Seller | 11722 SATICOY STREET APTS LP |
11722 Saticoy St North Hollywood Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this asset for stable leasing in a renter-heavy pocket of North Hollywood.
North Hollywood’s Urban Core setting supports multifamily demand with dense daily-needs access. Amenity density tests well above national norms for restaurants, cafes, groceries, and pharmacies (each in the upper deciles nationally), which helps leasing velocity and day-to-day convenience. While school ratings are not available, the immediate area’s amenity mix skews toward urban lifestyle needs rather than park or childcare access, which may tilt the renter profile toward singles and households prioritizing commute and services over family-oriented amenities.
Renter-occupied housing is the dominant tenure in this neighborhood, with renter concentration among the highest nationally. For investors, that depth of the tenant base typically supports occupancy stability and ongoing leasing activity, especially when paired with neighborhood occupancy that trends above national averages. Median asking rents in the neighborhood track in the upper range nationally, suggesting pricing power relative to many U.S. submarkets, though operators should calibrate concessions and renewals to local income bands.
Vintage context: the property’s 1978 construction is newer than the neighborhood’s average vintage from the mid-1960s. That positioning can be competitively helpful versus older stock, yet systems and finishes from late-1970s assets often benefit from targeted modernization to sustain rent premiums and reduce near-term capital surprises.
Demographics aggregated within a 3-mile radius show a large population base with modest population softness in recent years but a projected return to growth alongside an increase in households and a smaller average household size. For multifamily, this typically implies a larger tenant base and support for occupancy, even if population trends are mixed, as more, smaller households tend to rent at higher rates.
Relative safety indicators for the neighborhood are favorable compared with national benchmarks, placing the area in the stronger tiers nationwide. Recent year-over-year data also point to notable declines in both violent and property offenses, a constructive trend for resident retention and leasing.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area compares competitively, and its national standing falls in the upper ranges, indicating conditions that are generally better than the U.S. average. As always, investors should underwrite with property-level measures and daytime activity patterns in mind rather than relying solely on neighborhood aggregates.
Nearby media, entertainment, and corporate offices provide a strong employment base that supports renter demand and commute convenience for workforce and creative tenants, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (2.6 miles)
- Radio Disney — media (4.7 miles)
- Disney — entertainment (5.1 miles) — HQ
- Live Nation Entertainment — entertainment (7.8 miles)
- Avery Dennison — materials & packaging (8.3 miles) — HQ
This 25-unit, late-1970s asset sits in a renter-dense North Hollywood location where neighborhood occupancy trends above national norms and amenity access is strong. Based on CRE market data from WDSuite, the immediate area shows high renter concentration, solid leasing fundamentals, and proximity to major employment nodes in media and corporate services—all supportive of consistent tenant demand. The property’s 1978 vintage is newer than the area’s mid-1960s average, offering relative competitiveness versus older stock while leaving room for targeted value-add to modernize systems and finishes.
Within a 3-mile radius, projections indicate growth in households and a smaller average household size, which typically expands the renter pool and supports occupancy stability. Rents trend toward the upper range nationally, so operators should balance pricing power with retention management, particularly where rent-to-income pressures can affect renewal behavior. Limited park and childcare access locally suggests a renter profile more aligned to urban convenience and commute-sensitive households.
- Renter-heavy neighborhood and above-average occupancy support durable leasing
- Strong amenity density and proximity to major employers aid demand and retention
- 1978 vintage newer than area average—positioned for selective value-add and system upgrades
- 3-mile household growth outlook points to a larger tenant base over the medium term
- Risks: rent-to-income pressures and limited parks/childcare may narrow target renter segments