| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 41st | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11817 Victory Blvd, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1988 |
| Units | 45 |
| Transaction Date | 2018-11-28 |
| Transaction Price | $10,950,000 |
| Buyer | 11817 VICTORY OWNERS LLC |
| Seller | 11817 VICTORY BOULEVARD LLC |
11817 Victory Blvd North Hollywood Multifamily Investment
Neighborhood fundamentals indicate a deep renter base and strong amenity access, according to WDSuite’s CRE market data, supporting durable demand for professionally managed units. Metrics cited reflect neighborhood conditions, not the property’s own occupancy.
Positioned in North Hollywood’s Urban Core, the property benefits from a neighborhood rated B+ and competitive among Los Angeles neighborhoods for amenity access. Dining, cafes, childcare, and pharmacies are dense here, with restaurant and pharmacy availability ranking in the top percentiles nationally, which supports renter convenience and lease retention.
Home values in the neighborhood sit at the high end for Los Angeles and test in the top national percentiles, creating a high‑cost ownership market that reinforces reliance on multifamily rentals and supports pricing power when paired with effective lease management. At the same time, neighborhood rent levels have seen solid multi‑year growth, per WDSuite, while the neighborhood’s occupancy sits near the metro median—an indicator that effective operations and product differentiation matter for stability.
Tenure patterns point to multifamily depth: the neighborhood shows a high share of renter‑occupied housing, and within a 3‑mile radius, renters comprise roughly two‑thirds of occupied units. This concentration enlarges the tenant pool and can support steady leasing velocity for mid‑scale assets.
Within a 3‑mile radius, households have inched higher recently despite flat to slightly lower population counts, and WDSuite’s data indicates projections for population growth and a sizable increase in household count over the next five years. Smaller average household sizes in the forecast imply more households competing for units, which can support occupancy stability and broaden the renter pool. Average school ratings trend below national medians in this pocket, which may influence unit mix performance for family‑oriented demand segments. Park access is limited locally, but everyday amenities and employment access help offset that from a leasing standpoint.
Vintage also supports competitive positioning: built in 1988, the asset is newer than the neighborhood’s average vintage from the mid‑1960s, suggesting relative appeal versus older stock. Investors should still plan for targeted modernization of aging systems and common areas to meet current renter expectations and sustain rent premiums.
According to WDSuite’s neighborhood safety indicators, this area performs above the national median and is competitive among Los Angeles neighborhoods. Crime measures benchmark in the upper national percentiles (safer than many U.S. neighborhoods), and recent estimates show notable year‑over‑year improvement in both property and violent offense rates.
As with any dense urban submarket, safety can vary by block and over time. Investors typically emphasize lighting, access control, and resident engagement to maintain community standards and support retention. These comparisons reflect neighborhood‑level trends rather than property‑specific conditions.
The location sits near major media and corporate employers that draw a large professional workforce, supporting renter demand and lease stability for mid‑scale multifamily. Key nearby employers include Charter Communications, Radio Disney, The Walt Disney Company, Avery Dennison, and AECOM.
- Charter Communications — telecommunications (2.8 miles)
- Radio Disney — media (3.7 miles)
- Disney — media & entertainment (4.3 miles) — HQ
- Avery Dennison — materials & packaging (8.0 miles) — HQ
- AECOM — engineering & infrastructure (9.0 miles) — HQ
11817 Victory Blvd offers a 45‑unit, 1988‑vintage footprint that is relatively newer than much of the surrounding stock, positioning it to compete well against older assets while leaving room for targeted value‑add. The neighborhood shows strong amenity density and a high renter‑occupied share, and elevated ownership costs locally tend to sustain rental demand. According to CRE market data from WDSuite, neighborhood occupancy is near the metro median, so asset‑level execution and product quality remain important levers for stability and rent growth.
Within a 3‑mile radius, forecasts point to population growth and a meaningful increase in household count alongside declining household size—factors that typically expand the renter pool and support leasing velocity. Balanced against these strengths are considerations such as below‑median school ratings and limited park access, which may influence target renter profiles and amenity programming, as well as affordability pressure that warrants disciplined lease management.
- 1988 vintage vs. older neighborhood stock supports competitive positioning with selective modernization upside
- High renter‑occupied share and elevated ownership costs reinforce multifamily demand depth
- Strong neighborhood amenity density (dining, cafes, services) supports retention and rentability
- 3‑mile forecasts show more households and a larger renter pool, aiding occupancy stability
- Risks: near‑metro‑median occupancy, below‑median school ratings, limited parks, and affordability pressure