| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12040 Strathern St, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 47 |
| Transaction Date | 2005-12-13 |
| Transaction Price | $2,469,000 |
| Buyer | SILVER PAUL |
| Seller | SHERMAN HIRSCH N |
12040 Strathern St, North Hollywood Multifamily Investment
Renter concentration in the neighborhood and a high-cost ownership market support steady multifamily demand, according to WDSuite’s CRE market data. Positioning and operations that emphasize retention can capture stable occupancy while managing affordability pressure.
Set in North Hollywood within the Los Angeles-Long Beach-Glendale metro, the property sits in an Urban Core neighborhood with balanced occupancy conditions. Neighborhood occupancy trends are around the national middle, while a higher share of housing units are renter-occupied, indicating a deeper tenant base that can support leasing stability for multifamily assets.
Amenities skew toward leisure and lifestyle: park access and cafe density are competitive nationally, while daily-needs retail such as groceries and pharmacies is less concentrated within the immediate neighborhood. For families, average school ratings in the area trail national norms; investors should calibrate marketing and unit mix accordingly rather than rely on school-driven demand.
Within a 3-mile radius, recent years show modest declines in population alongside increases in households and smaller average household sizes—dynamics that can expand the renter pool and support occupancy stability for well-managed properties. Forward-looking projections continue this pattern with more households and smaller sizes, which typically favor multifamily demand.
Home values in the neighborhood are elevated relative to national benchmarks, reinforcing renter reliance on multifamily housing and supporting pricing power for well-located assets. At the same time, rent-to-income levels suggest some affordability pressure, making thoughtful lease management and value-forward renovations important to sustain retention.
Safety compares favorably to many neighborhoods nationwide, with overall crime measures sitting in the top quartile nationally and violent-offense indicators closer to the national middle. According to WDSuite’s CRE market data, both property and violent offenses show notable year-over-year improvement, which can support leasing confidence and resident retention.
Conditions can vary by block and over time across the Los Angeles-Long Beach-Glendale metro. Investors should incorporate on-the-ground reviews and updated data checks into due diligence to confirm recent trends.
The area draws on a large entertainment and telecom employment base that supports renter demand through short commutes, including Charter Communications, Radio Disney, The Walt Disney Company, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — media & telecom (3.1 miles)
- Radio Disney — entertainment (5.3 miles)
- Disney — entertainment (5.7 miles) — HQ
- Live Nation Entertainment — entertainment (8.4 miles)
- Avery Dennison — materials & manufacturing (8.9 miles) — HQ
This 47-unit asset, built in 1978, is slightly newer than the neighborhood’s average vintage, offering a platform that can be competitive against older stock while leaving room for targeted modernization to enhance rents and retention. High-cost home ownership in the area continues to reinforce reliance on rentals, and renter-occupied share in the neighborhood signals depth in the tenant base. Based on commercial real estate analysis from WDSuite, neighborhood occupancy sits around national midpoints, suggesting a focus on operations and value-forward improvements can drive durable performance.
Near-term leasing should benefit from proximity to major entertainment and telecom employers, while household growth and smaller household sizes within a 3-mile radius point to a larger renter pool over time. Investors should plan for affordability-sensitive pricing and amenities to mitigate rent-to-income pressure and sustain renewal rates.
- Renter depth: above-average renter-occupied share supports stable multifamily demand.
- Vintage advantage: 1978 construction allows targeted value-add to outposition older comparables.
- Location drivers: proximity to entertainment and telecom employers supports leasing and retention.
- Ownership costs: elevated home values sustain rental reliance and potential pricing power.
- Risk — affordability: rent-to-income pressure requires disciplined rent growth and renewal strategy.