| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 30th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11959 Runnymede St, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | 2017-03-01 |
| Transaction Price | $3,750,000 |
| Buyer | SAUER TIMOTHY J |
| Seller | 6000 GRAMERCY LLC |
11959 Runnymede St, North Hollywood Multifamily Investment
Neighborhood occupancy has held firm and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a 21-unit asset in a renter-heavy pocket of Los Angeles.
This Urban Core location in North Hollywood offers daily convenience with strong amenity density nearby. Cafes and restaurants are plentiful (both nationally high by amenity percentile), and grocery access is robust, while formal parks and childcare options are limited within the immediate neighborhood. For investors, that mix leans toward convenience-driven, workforce housing demand.
Neighborhood occupancy is 97.1%, which is above the metro median among 1,441 Los Angeles neighborhoods and in the top quartile nationally. The area also shows a very high renter concentration (share of housing units that are renter-occupied), signaling a broad tenant base that can support leasing stability over time.
The property’s 1986 vintage is newer than the neighborhood’s average construction year of 1966. That typically improves competitive positioning versus older stock, though investors should still plan for ongoing modernization of aging systems and common areas to sustain rentability and reduce future capital surprises.
Within a 3-mile radius, demographics reflect a large, diversified renter pool and shifting household patterns. While population ticked down modestly over the last five years, WDSuite’s outlook points to population growth ahead and a meaningful increase in households alongside smaller average household sizes—factors that generally expand the tenant base for multifamily. Median contract rents in the surrounding area sit above national levels, reinforcing pricing power but suggesting careful lease management where rent-to-income pressures may surface.
Safety indicators compare favorably in a broader context. By national benchmarks, the neighborhood sits in a higher safety tier (overall crime measures are stronger than most areas nationwide), and both violent and property offense estimates improved notably over the last year, based on WDSuite’s data.
Within the Los Angeles metro, the neighborhood’s crime profile ranks competitively—roughly top quartile among 1,441 neighborhoods—suggesting relatively stronger conditions than many peer areas. As always, investors should underwrite to submarket trends and property-level security practices rather than block-specific conclusions.
Proximity to entertainment and corporate offices supports a steady renter pipeline and commute convenience, notably from Charter Communications, Radio Disney, Disney, Avery Dennison, and Live Nation Entertainment.
- Charter Communications — telecommunications (2.9 miles)
- Radio Disney — media (4.7 miles)
- Disney — entertainment (5.2 miles) — HQ
- Avery Dennison — materials & packaging (8.6 miles) — HQ
- Live Nation Entertainment — entertainment (9.1 miles) — HQ
11959 Runnymede St is positioned in a renter-heavy North Hollywood pocket where neighborhood occupancy remains above the metro median and nationally strong. According to CRE market data from WDSuite, the surrounding area’s rent levels outpace national norms while maintaining deep renter-occupied housing share—conditions that typically support tenant demand and lease-up stability for smaller assets.
Built in 1986, the property is newer than much of the local housing stock, offering a competitive edge versus older buildings while still warranting targeted updates for long-term durability and rentability. Within a 3-mile radius, forecasts point to population growth and a sizable increase in households with smaller average household sizes—dynamics that can expand the renter pool and support occupancy and retention. Limited nearby parks and childcare options, alongside pockets of affordability pressure, suggest prudent lease management and amenity investments to sustain performance.
- Above-metro neighborhood occupancy and deep renter base support stable leasing
- 1986 vintage competes well versus older stock, with value-add potential via modernization
- Dense amenities and strong employer proximity reinforce demand from commuters
- 3-mile forecasts indicate population and household growth, expanding the tenant pool
- Risks: limited nearby parks/childcare and affordability pressure require thoughtful lease and capital planning