| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 41st | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11843 Gilmore St, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1981 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11843 Gilmore St North Hollywood Multifamily Investment
Neighborhood renter concentration and a high-cost ownership market in North Hollywood point to a durable tenant base and pricing support, according to WDSuite’s CRE market data. Stability will hinge on active lease management given recent occupancy drift at the neighborhood level.
This Urban Core location in North Hollywood benefits from dense amenities and everyday convenience. Neighborhood measures are competitive nationally for food-and-beverage access, with restaurants and cafes in the top tier across the country, and pharmacies also strong. By contrast, park access is limited within the immediate neighborhood, which places more weight on on-site open space or nearby private amenities for resident satisfaction.
The property’s 1981 vintage is newer than the neighborhood’s older housing stock (average construction year 1965). For investors, that positioning can reduce near-term functional obsolescence versus pre-1970 assets, while still leaving room for targeted modernization of building systems and interiors to lift rent positioning.
Neighborhood occupancy is mid-90s historically but currently tracks around the low 90s, and the share of housing units that are renter-occupied is high (near six in ten). For multifamily owners, a larger renter-occupied base supports demand depth and leasing velocity, though the recent occupancy softening suggests attention to renewals and unit turns.
Within a 3-mile radius, demographics show households growing modestly despite a slight population contraction over the last five years, indicating smaller average household sizes and a broader renter pool. Projections point to renewed population growth and a notable increase in households by 2028, which should support occupancy stability and absorption for well-positioned assets. Elevated home values relative to local incomes characterize the area; in practice, this high-cost ownership environment sustains reliance on rental housing and can aid retention for quality operators. Where rent-to-income is tighter, owners should monitor affordability pressure and renewal strategies.
Safety indicators for this neighborhood compare favorably to many areas nationwide, with overall conditions landing well above the national midpoint. Recent year-over-year data from WDSuite also shows notable declines in both property and violent offense estimates, an encouraging directional trend for long-term operators. Conditions can vary by block and over time, so underwriting should focus on multi-year trends and property-level measures rather than single-year snapshots.
Proximity to major entertainment and media employers underpins strong renter demand from professionals seeking short commutes. The employers below represent a diversified nearby base tied to media, communications, and corporate services.
- Charter Communications — communications (2.8 miles)
- Radio Disney — media (3.7 miles)
- Disney — media & studios (4.4 miles) — HQ
- Live Nation Entertainment — entertainment (6.6 miles)
- Avery Dennison — materials & packaging (8.0 miles) — HQ
11843 Gilmore St offers scale at 52 units in a renter-heavy pocket of North Hollywood where elevated for-sale pricing supports steady multifamily demand. Based on CRE market data from WDSuite, the neighborhood combines strong amenity access with improving safety trends, while recent occupancy softness argues for disciplined renewal and leasing strategies. The 1981 construction provides a relative edge versus older local stock and creates a clear path for value-add through selective system upgrades and interior renovations.
Within a 3-mile radius, households have increased and are projected to expand further alongside smaller household sizes, indicating a growing tenant base over the mid-term. High ownership costs reinforce renter reliance, supporting rent durability for well-managed assets; at the same time, rent-to-income bands warrant careful pricing and resident retention planning to sustain performance through cycles.
- Renter-heavy neighborhood and high ownership costs support durable multifamily demand
- 1981 vintage offers competitive positioning with clear value-add and modernization levers
- Dense amenity access and nearby media/communications employers aid leasing velocity
- Directional safety improvements bolster long-term livability
- Risks: recent occupancy softening and affordability pressure require active lease and renewal management