| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12547 Vanowen St, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1988 |
| Units | 21 |
| Transaction Date | 2003-11-03 |
| Transaction Price | $2,500,000 |
| Buyer | MEDEVOI JORGE |
| Seller | S & S DEVELOPMENT CO |
12547 Vanowen St North Hollywood Multifamily Investment
This 21-unit property built in 1988 sits in a neighborhood where renter concentration reaches 70% and occupancy rates rank in the top quartile nationally, according to CRE market data from WDSuite.
The neighborhood surrounding 12547 Vanowen St earns a B+ rating among 1,441 neighborhoods in the Los Angeles–Long Beach–Glendale metro, driven by strong amenity density and occupancy fundamentals. Neighborhood-level occupancy stands at 96.1%, ranking in the 78th percentile nationally and reflecting sustained tenant demand. Renter-occupied housing units represent approximately 70% of the neighborhood's tenure mix, underpinning a deep and stable tenant base for multifamily operators.
Median contract rent in the neighborhood is $1,523, placing it in the 79th percentile nationwide, with five-year rent growth of approximately 24%. Within a three-mile radius, demographic statistics show a renter-occupied unit count of roughly 34 per household, and median household income of $74,672—up 36% over the past five years. Forecast data projects median household income will rise to $108,039 by 2028, supporting continued rental demand and pricing power. The three-mile area is home to more than 262,000 residents, with 64% of housing units occupied by renters, reinforcing multifamily fundamentals.
Median home values in the neighborhood reach $854,497, ranking in the 96th percentile nationally and reflecting elevated ownership costs that sustain reliance on rental housing. The value-to-income ratio stands in the 99th percentile, limiting accessibility to ownership and contributing to long-term tenant retention. Amenity access ranks in the 80th percentile nationally, with notable density in grocery stores (6.85 per square mile), cafes (3.42 per square mile), and restaurants (18.84 per square mile), all factors that enhance tenant appeal and lease renewals.
The property was constructed in 1988, placing it slightly above the neighborhood's average vintage of 1966. While older than many competing assets, this profile presents value-add and renovation upside for investors focused on capital improvement strategies. Average schools in the area rate 2.0 out of 5, ranking in the 37th percentile nationally—a consideration for family-oriented tenant segments but less material for workforce and young professional renters who dominate the three-mile demographic base.
Safety metrics for the neighborhood show a blended crime rank of 361 out of 1,441 metro neighborhoods, placing it in the 76th percentile nationally—above the regional median and competitive among Los Angeles–Long Beach–Glendale submarkets. Property offense rates are estimated at 124.8 incidents per 100,000 residents, ranking in the 63rd percentile nationwide, while violent offense rates stand at 46.0 per 100,000, ranking in the 44th percentile.
Trend data indicates improving conditions: property offense rates declined by approximately 86% year-over-year, ranking in the 99th percentile for improvement nationally, and violent offense rates dropped roughly 81%, ranking in the 97th percentile for year-over-year change. These directional improvements suggest stabilizing public safety dynamics, a factor that supports tenant retention and lease velocity in the submarket.
The North Hollywood submarket benefits from proximity to major corporate anchors in media, entertainment, and infrastructure, supporting workforce housing demand and commute convenience. Nearby employers include Charter Communications, Disney headquarters, and Live Nation Entertainment, all within a ten-mile radius.
- Charter Communications — telecommunications & media offices (3.6 miles)
- Radio Disney — entertainment & broadcasting (4.7 miles)
- Disney — entertainment & media (5.3 miles) — HQ
- Live Nation Entertainment — live entertainment & events (7.4 miles)
- Activision Blizzard Studios — gaming & digital media (8.7 miles)
12547 Vanowen St offers exposure to a high-occupancy, renter-dominated neighborhood in a metro where elevated home values and strong income growth sustain multifamily demand. Neighborhood-level occupancy of 96.1% ranks in the top quartile nationally, while the 70% renter-occupied share underscores a deep tenant pool. Median household income within three miles has risen 36% over five years and is forecast to reach $108,039 by 2028, supporting rent growth and lease retention. The property's 1988 vintage presents value-add potential for operators targeting capital improvement and repositioning strategies.
Amenity density ranks in the 80th percentile nationwide, and improving safety trends—including an 86% year-over-year decline in property offense rates—strengthen the submarket's appeal. Proximity to major employers in media, entertainment, and infrastructure, including Disney headquarters and Charter Communications, reinforces workforce housing demand. However, investors should weigh affordability pressures reflected in a low rent-to-income ratio (4th percentile nationally) and COVID resilience ranking in the 7th percentile, both of which signal sensitivity to economic cycles and tenant cost burdens.
- Neighborhood occupancy at 96.1% ranks top quartile nationally, with 70% renter concentration supporting stable demand
- Three-mile median household income up 36% over five years, forecast to reach $108,039 by 2028
- Elevated home values (96th percentile nationally) limit ownership access and reinforce rental reliance
- 1988 construction offers value-add and renovation upside for capital improvement strategies
- Risk: Low rent-to-income ratio (4th percentile) and weak COVID resilience (7th percentile) signal affordability and economic sensitivity