| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 41st | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11760 Hamlin St, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1992 |
| Units | 30 |
| Transaction Date | 1994-08-31 |
| Transaction Price | $1,400,000 |
| Buyer | GORDA GROUP LLC |
| Seller | JIANG HAN |
11760 Hamlin St North Hollywood Multifamily Investment
This 30-unit property built in 1992 sits within a neighborhood ranking in the top quartile nationally for amenities, with strong rental demand supported by 93rd percentile renter occupancy according to WDSuite's CRE market data.
This North Hollywood neighborhood demonstrates strong fundamentals for multifamily investors, ranking 482nd among 1,441 Los Angeles metro neighborhoods with a B+ overall rating. The area benefits from exceptional amenity density, ranking in the 79th national percentile, including 40 restaurants per square mile (99th percentile nationally) and robust pharmacy and childcare access. With 58% of housing units renter-occupied compared to the 33% homeownership rate, this creates a substantial rental market foundation.
Built in 1992, this property represents newer vintage compared to the neighborhood's 1965 average construction year, potentially offering reduced near-term capital expenditure needs. Demographic data within a 3-mile radius shows 243,000 residents with household incomes averaging $105,000, while forecasts project 3% population growth and 36% household formation by 2028, expanding the renter pool.
Neighborhood-level occupancy stands at 90.5%, though this has declined 5.8 percentage points over five years, ranking in the 47th national percentile for occupancy stability. Median contract rents of $1,721 have grown 33% over five years, positioning above the 86th national percentile. However, rent-to-income ratios at 30% rank in the bottom 6th percentile nationally, indicating affordability pressures that require careful lease management and retention strategies.
The area's high home values with a median of $957,000 and value-to-income ratios in the 99th percentile nationally reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing. Average NOI per unit of $8,548 ranks in the 71st national percentile, reflecting solid income-generating potential within this urban core location.
Crime metrics show mixed signals for this North Hollywood neighborhood. Overall crime ranks 424th among 1,441 metro neighborhoods, placing it in the 73rd national percentile for safety compared to neighborhoods nationwide. Property offense rates of 308 incidents per 100,000 residents rank in the 47th national percentile, while violent crime rates of 35 incidents per 100,000 residents rank similarly in the 49th percentile.
Notably, both property and violent crime have declined significantly over the past year, with property offenses down 86% and violent offenses down 91%, ranking in the 99th and 99th percentiles respectively for crime reduction trends. These substantial year-over-year improvements suggest positive momentum in neighborhood safety conditions, though investors should monitor whether these trends sustain over longer periods.
The North Hollywood area benefits from proximity to major entertainment and corporate employers, supporting workforce housing demand for media, technology, and corporate professionals.
- Charter Communications — telecommunications (2.7 miles)
- Radio Disney — media and entertainment (3.7 miles)
- Disney — entertainment and media — HQ (4.3 miles)
- Live Nation Entertainment — entertainment services (6.6 miles)
- Avery Dennison — manufacturing and materials — HQ (7.9 miles)
This 30-unit North Hollywood property offers exposure to a neighborhood with strong rental fundamentals, ranking in the top quartile nationally for amenities while maintaining 58% renter occupancy rates. The 1992 construction year provides newer vintage compared to neighborhood averages, potentially reducing near-term capital expenditure needs. Demographic projections within a 3-mile radius show 3% population growth and 36% household formation by 2028, expanding the potential tenant base.
However, investors should carefully evaluate affordability dynamics, as rent-to-income ratios rank in the bottom 6th percentile nationally and neighborhood occupancy has declined 5.8 percentage points over five years. The high home value environment with median prices near $957,000 reinforces rental demand by keeping ownership costs elevated, though this creates pressure for competitive lease terms and retention strategies.
- Top quartile national ranking for amenities supports tenant appeal and retention
- 1992 vintage newer than neighborhood average, reducing near-term capex needs
- Projected 36% household growth by 2028 expands renter pool
- High ownership costs sustain rental demand in expensive market
- Risk: Declining occupancy trends and affordability pressures require active lease management