| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 49th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12535 Oxnard St, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1980 |
| Units | 25 |
| Transaction Date | 1999-11-08 |
| Transaction Price | $450,000 |
| Buyer | BELLEVUE EXECUTIVE PLAZA LTD |
| Seller | TRUST ARDITTI MORDECHAI TR JOSEPH ARDITT |
12535 Oxnard St North Hollywood Multifamily Investment
Neighborhood-level occupancy remains solid and renter demand is deep in this North Hollywood pocket, according to WDSuite’s CRE market data. Focused operations can leverage stable tenant depth while monitoring affordability and competitive positioning.
This Urban Core location in North Hollywood pairs everyday convenience with strong renter fundamentals. Amenity access is competitive among Los Angeles-Long Beach-Glendale neighborhoods (top quartile nationally for cafes and restaurants), helping support leasing velocity and retention. Day-to-day services are well represented by groceries and pharmacies scoring in higher national percentiles, though immediate park access is limited and may require short drives for green space.
Occupancy at the neighborhood level is above national norms, supporting income stability for professionally managed assets. The share of housing units that are renter-occupied is high for the area, indicating a sizable tenant base and consistent multifamily demand rather than a reliance on for-sale turnover.
Within a 3-mile radius, recent years show a slight population dip alongside a small increase in households, pointing to smaller average household sizes that can expand the renter pool. Forward-looking data indicates growth in both households and incomes by 2028, which, if realized, would support rent roll durability and help sustain occupancy.
Ownership costs in the surrounding area are elevated versus national benchmarks, which tends to reinforce reliance on multifamily housing and can aid lease retention. Rents trend higher than many U.S. neighborhoods, but rent-to-income ratios in the local area suggest manageable affordability pressure overall; operators should still calibrate renewals and unit turns to preserve pricing power without elevating turnover risk.
Safety indicators are comparatively favorable. The neighborhood sits in a stronger position than many peer areas in the region, and overall crime conditions are in the upper tier nationally. Recent WDSuite data also points to sharp year-over-year declines in both violent and property offense estimates, with improvement metrics near the top of national distributions. As always, investors should underwrite with submarket comps and trend continuity in mind rather than block-level assumptions.
Nearby entertainment, media, and engineering employers provide a broad white-collar employment base that supports renter demand and commute convenience, particularly for workforce and professional tenants. The list below reflects key anchors in proximity: Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications — telecommunications (3.8 miles)
- Radio Disney — media (4.1 miles)
- Disney — media & entertainment (4.9 miles) — HQ
- Live Nation Entertainment — live entertainment offices (6.5 miles)
- AECOM — engineering & infrastructure (8.4 miles) — HQ
The 25-unit asset at 12535 Oxnard St was built in 1980, making it newer than much of the surrounding housing stock. That vintage can be competitively positioned versus older properties while still offering value-add potential through targeted unit and systems modernization. Neighborhood-level occupancy trends remain healthy and the renter-occupied share is high, indicating a deep tenant base and potential for stable cash flow in a submarket with strong amenity access. Based on CRE market data from WDSuite, ownership costs are elevated locally, which typically sustains rental demand and supports lease retention.
Within a 3-mile radius, forecasts point to growth in households and incomes by 2028, alongside smaller average household sizes—together implying a broader renter pool over the medium term. Operators should balance pricing power from high-demand fundamentals with thoughtful renewal strategies, given higher nominal rent levels and varied school outcomes within the neighborhood.
- 1980 vintage offers competitive positioning versus older stock with clear value-add and systems-upgrade pathways
- High renter-occupied share and above-average neighborhood occupancy support income stability
- Elevated ownership costs in the area reinforce multifamily demand and lease retention
- 3-mile outlook shows expanding household counts and incomes, suggesting a larger renter pool
- Risks: limited immediate park access and mixed school ratings; manage renewals to mitigate affordability-related turnover