| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12003 Hart St, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1977 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12003 Hart St, North Hollywood Multifamily Investment
Neighborhood occupancy is strong and renter concentration is high, supporting stable leasing dynamics for this submarket, according to WDSuite’s CRE market data. These are neighborhood-level indicators, not property performance.
Situated in Los Angeles County’s Urban Core, the surrounding neighborhood rates a B and sits above the metro median overall (ranked 658 of 1,441). Investors benefit from a deep renter base: about 71.5% of housing units are renter-occupied, placing the area in the top quartile among 1,441 metro neighborhoods, which supports demand depth for multifamily.
Operationally, neighborhood occupancy is approximately 97.1% (top quartile nationally), a signal of leasing stability relative to many U.S. submarkets. Median asking rents in the neighborhood have outperformed over the last five years, and NOI per unit trends are competitive nationally (around the 74th percentile), based on CRE market data from WDSuite.
Livability factors are mixed but generally supportive of renter retention. Grocery access is a strength (near the 99th percentile nationally) with solid restaurant density (about the 94th percentile) and parks access (around the 87th percentile). Cafe and pharmacy densities are comparatively thin, which is typical for sections of the Valley and worth noting for resident convenience.
Ownership costs in the neighborhood are elevated versus incomes (value-to-income near the 98th percentile nationally), which tends to reinforce reliance on rental housing and can support pricing power. At the same time, a rent-to-income ratio near 0.32 implies some affordability pressure, suggesting prudent lease management to balance occupancy and rent growth.
Demographics within a 3-mile radius indicate a modest population dip in recent years alongside a slight increase in household count and smaller average household sizes—dynamics that typically sustain rental demand by expanding the pool of households. Forecasts point to growth in both population and households by the mid-term, which would expand the tenant base and support occupancy stability.
Safety trends compare favorably in a metro and national context. The neighborhood ranks in the top quartile for lower crime among 1,441 Los Angeles metro neighborhoods and sits around the 82nd percentile nationally—an advantage for resident retention and leasing.
WDSuite’s CRE market data also indicate notable year-over-year reductions in estimated violent and property offense rates, suggesting recent improvement. Conditions can vary by block, so investors typically corroborate site-level insights with management feedback and local reporting.
Proximity to major entertainment and communications employers underpins commuter convenience and supports renter demand, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — communications (2.9 miles)
- Radio Disney — media (4.3 miles)
- Disney — entertainment (4.9 miles) — HQ
- Live Nation Entertainment — entertainment (7.3 miles)
- Avery Dennison — manufacturing & materials (8.4 miles) — HQ
This 20-unit North Hollywood asset is positioned in a renter-driven pocket with above-median neighborhood fundamentals in the Los Angeles metro. According to CRE market data from WDSuite, neighborhood occupancy trends are in the national top quartile and renter concentration is high, supporting demand depth and potential lease stability. Strong grocery and restaurant access, along with B-level neighborhood ratings, further reinforce day-to-day livability for residents.
Investment considerations balance favorable demand drivers with measured risks. Elevated ownership costs relative to incomes help sustain rental reliance, though a higher rent-to-income profile calls for careful pricing and renewal strategies. School ratings are below national averages and cafe/pharmacy density is thinner, factors to weigh in marketing and resident services planning. Medium-term demographic forecasts within a 3-mile radius point to population and household growth, implying a larger tenant base over time.
- Renter-driven submarket with high renter-occupied share supporting demand depth
- Top-quartile neighborhood occupancy provides a backdrop for leasing stability
- Strong grocery and dining proximity aids resident retention and daily convenience
- Medium-term population and household growth (3-mile radius) expands the tenant base
- Risks: higher rent-to-income ratios, below-average school ratings, and thinner cafe/pharmacy density