| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12036 Hart St, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 1997-01-09 |
| Transaction Price | $535,000 |
| Buyer | LA RECOVERY 95 INCOME FUND LP |
| Seller | IBARRA JAVIER |
12036 Hart St North Hollywood Multifamily with Stable Demand
Neighborhood occupancy remains high and renter demand is deep in this North Hollywood pocket, according to WDSuite’s CRE market data, offering investors a steady backdrop for operations. These statistics reflect neighborhood conditions rather than the property itself.
Located in North Hollywood’s Urban Core, the area surrounding 12036 Hart St exhibits solid renter fundamentals and day-to-day convenience for tenants. Neighborhood occupancy is strong and trending up, and the share of renter-occupied housing units is elevated, indicating a broad tenant base that can support lease-up and renewal velocity.
Everyday amenities are accessible: grocery availability ranks in the top tier locally and performs in the high national percentiles, with restaurants also comparatively dense. By contrast, the immediate neighborhood has fewer cafes and pharmacies per square mile, which may modestly impact convenience for some residents but does not detract from essential services access.
Home values are high for the metro and score in the upper national percentiles, creating a high-cost ownership market that tends to sustain reliance on multifamily rentals. For investors, this environment can underpin pricing power and retention, though rent-to-income ratios indicate some affordability pressure that warrants active lease management.
The asset’s 1987 construction is newer than the neighborhood average vintage, suggesting relative competitiveness versus older stock while still leaving room for targeted updates to building systems and interiors as part of a value-add plan. Within a 3-mile radius, demographics show households have edged higher despite a slight population dip in recent years; forecasts point to household growth and smaller household sizes, which can expand the renter pool and support occupancy, based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood compare favorably. Overall crime performance sits in the top quartile nationally, and the area is competitive among Los Angeles neighborhoods, according to WDSuite’s CRE market data. Recent trends show notable year-over-year declines in both property and violent offense estimates, reinforcing a stable operating backdrop. These figures reflect neighborhood-level patterns rather than any specific block.
Proximity to major media and corporate offices supports a diverse employment base and commuter convenience for renters. Key nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (2.9 miles)
- Radio Disney — media (4.4 miles)
- Disney — media & entertainment (4.9 miles) — HQ
- Live Nation Entertainment — live entertainment offices (7.3 miles)
- Avery Dennison — materials & labeling (8.4 miles) — HQ
This 20-unit, 1987-vintage property benefits from neighborhood fundamentals that are above metro median on occupancy and supported by a high concentration of renter-occupied housing. Elevated home values in the area reinforce reliance on rentals, while strong grocery and restaurant density enhances day-to-day livability for tenants. According to CRE market data from WDSuite, neighborhood-level occupancy trends and income gains provide a constructive backdrop for stable operations.
Within a 3-mile radius, households are increasing and projections indicate further growth with smaller average household sizes, pointing to a larger tenant base over time. The 1987 vintage is newer than the neighborhood average, which can position the asset competitively against older stock, while targeted renovations can capture value-add upside. Investors should also plan around affordability pressure (elevated rent-to-income ratios) and mixed school ratings when shaping leasing and retention strategies.
- Strong neighborhood occupancy and deep renter base support leasing stability
- High-cost ownership market sustains rental demand and pricing power
- 1987 vintage offers competitive positioning with value-add renovation potential
- 3-mile demographics point to household growth and a larger renter pool
- Risk: affordability pressure and below-average school ratings require proactive lease management