| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12019 Vanowen St, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | 2003-10-22 |
| Transaction Price | $2,005,000 |
| Buyer | 12019 VANOWEN LLC |
| Seller | SHADI RAHMATOLLAH |
12019 Vanowen St, North Hollywood Multifamily Investment
Neighborhood occupancy is elevated and renter demand is deep in this Urban Core pocket of Los Angeles, according to WDSuite’s CRE market data. Investors should view this submarket as renter-driven with stable leasing conditions relative to broader metro trends.
This North Hollywood address sits within an Urban Core neighborhood rated B and positioned near the metro median overall (ranked 658 out of 1,441 Los Angeles–Long Beach–Glendale neighborhoods). Occupancy in the neighborhood is strong at 97.1% and competitive among Los Angeles neighborhoods (rank 402 of 1,441; top quartile nationally), supporting income stability for well-run assets.
Renter concentration is high, with 71.5% of housing units renter-occupied (rank 159 of 1,441; among the highest shares metro-wide). For multifamily investors, this depth of renter households points to a broad tenant base and consistent demand for professionally managed apartments. Within a 3-mile radius, households have inched up even as the population edged lower, and projections point to more households and smaller average household sizes over the next five years—both trends that typically support absorption and occupancy.
Local amenity access is a mixed but generally favorable picture: grocery density ranks near the top of the nation (99th percentile) with strong restaurant presence (94th percentile) and parks access (87th percentile). However, cafes and pharmacies are relatively sparse within the neighborhood footprint. Average school ratings are modest (about 2.0 out of 5), which may skew demand toward singles and smaller households rather than families seeking top-rated schools.
Home values are elevated (93rd percentile nationally) and the ownership market is high-cost relative to local incomes, which tends to sustain reliance on rental housing and can enhance pricing power for professionally managed properties. At the same time, a rent-to-income ratio around 0.32 signals potential affordability pressure; proactive lease management and resident retention programs can help mitigate turnover risk.
Relative to neighborhoods nationwide, this area scores well on safety, landing in the top quintile nationally. Within the Los Angeles–Long Beach–Glendale metro it performs competitively, supported by recent year-over-year declines in both violent and property offense estimates. These are neighborhood-level indicators and should be interpreted as directional rather than block-specific conditions.
Investors evaluating long-term cash flow stability can view the improving trend as supportive of retention and leasing, while remaining mindful that safety can vary by micro-location and property operations. Site-level due diligence and management practices remain important to maintain performance.
Proximity to major media and telecom employers underpins a strong renter workforce, with convenient commutes to Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison. This concentration of white-collar jobs can support leasing velocity and retention for well-located assets.
- Charter Communications — media & telecommunications (2.9 miles)
- Radio Disney — media (4.2 miles)
- Disney — entertainment studios (4.8 miles) — HQ
- Live Nation Entertainment — entertainment (7.0 miles)
- Avery Dennison — materials & packaging (8.3 miles) — HQ
12019 Vanowen St is a 20-unit 1978 vintage property in a renter-heavy North Hollywood neighborhood where occupancy is high and grocery/restaurant access is strong. The asset’s vintage, slightly newer than the neighborhood’s average construction year, suggests competitive positioning versus older stock while leaving room for targeted value-add and systems modernization. Based on CRE market data from WDSuite, elevated home values in the area help sustain rental demand, while the neighborhood’s renter-occupied share indicates a deep tenant base.
Within a 3-mile radius, households are projected to increase and average household sizes to trend smaller, expanding the renter pool and supporting occupancy stability. Balanced against these positives, rent-to-income levels suggest affordability pressure, and school ratings are modest—factors that call for disciplined pricing, unit mix strategy, and resident retention focus.
- High neighborhood occupancy and deep renter concentration support income stability
- 1978 vintage offers value-add and systems-upgrade potential versus older local stock
- Elevated home values reinforce reliance on rental housing and pricing power
- Nearby media and telecom employers bolster demand and retention
- Risk: affordability pressure and modest school ratings require disciplined lease management