| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 41st | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11815 Gilmore St, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1980 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11815 Gilmore St North Hollywood Multifamily Investment
Investor positioning centers on durable renter demand supported by a high renter concentration and elevated ownership costs in this Los Angeles submarket, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit around the national median, suggesting stable leasing fundamentals with prudent asset management.
The property sits in an Urban Core setting that ranks competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods (overall B+ rating). Amenity access is a notable strength: restaurants, cafes, childcare, and pharmacies all score in the top quartile nationally, which supports resident satisfaction and retention during leasing cycles based on commercial real estate analysis from WDSuite.
Neighborhood housing dynamics favor multifamily: an estimated 58.2% of housing units are renter-occupied (above the metro median and 93rd percentile nationally), indicating a deep tenant base and resilient demand for professionally managed apartments. At the neighborhood level, occupancy is near the national midpoint, which points to generally steady absorption with attention to renewal strategy and pricing discipline.
Within a 3-mile radius, households increased modestly in recent years and are projected to grow substantially by 2028, with average household size trending smaller. This combination typically expands the renter pool and supports occupancy stability, especially for well-maintained, mid-size assets.
Home values in the surrounding neighborhood are elevated (top 1% nationally), reinforcing reliance on rental housing and supporting pricing power for competitive units. Average school ratings are below national medians, which may concentrate demand among singles, roommates, and workforce households rather than families; investors can plan unit mixes and amenities accordingly.
Vintage context matters here: the neighborhood’s average construction year skews older (mid-1960s). With a 1980 build, this asset is newer than much of the local stock, offering relative competitiveness versus older properties while still benefiting from targeted modernization to enhance rentability.
Safety indicators are mixed but generally favorable in comparative terms. The neighborhood’s crime performance is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 424 out of 1,441), and overall safety sits in the upper quartile nationally. Property and violent offense rates are around national medians, with sharp year-over-year declines reported in both categories, suggesting a recent improvement trend. These figures reflect area-level patterns rather than block-specific conditions and should be paired with on-the-ground diligence.
Proximity to major media and corporate employers supports a strong renter base seeking commute convenience. Notable nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (2.8 miles)
- Radio Disney — media (3.7 miles)
- Disney — entertainment studios (4.3 miles) — HQ
- Live Nation Entertainment — live entertainment offices (6.5 miles)
- Avery Dennison — materials manufacturing (8.0 miles) — HQ
11815 Gilmore St offers a 49-unit, 1980-vintage profile that is newer than the neighborhood’s mid-1960s average, positioning it competitively versus older stock while leaving room for targeted renovations. Elevated neighborhood home values and a high share of renter-occupied units support a deep tenant base and leasing durability; neighborhood occupancy trends hover around the national midpoint, indicating steady operations with disciplined renewal and marketing. According to CRE market data from WDSuite, strong amenity access (restaurants, cafes, childcare, pharmacies) ranks among the top quartile nationally, a tailwind for resident retention.
Within a 3-mile radius, households have increased and are projected to expand meaningfully by 2028 alongside smaller average household sizes, which typically broadens the renter pool and supports occupancy stability. The combination of high ownership costs, workforce-driven employment nearby, and a mid-size unit count can support consistent leasing, while value-add upgrades can further differentiate the asset against older comparables.
- Newer-than-local-vintage (1980) with clear modernization/value-add pathways
- Deep renter base: high renter-occupied share and elevated ownership costs support demand
- Amenity-rich Urban Core location aids retention and leasing velocity
- Demand outlook: projected household growth within 3 miles expands the tenant pool
- Risks: neighborhood occupancy near the national midpoint, below-average school ratings, and affordability pressures require prudent lease management