| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 49th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12955 W Vanowen St, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2002 |
| Units | 20 |
| Transaction Date | 2001-11-14 |
| Transaction Price | $154,500 |
| Buyer | LORAMAR HOLDINGS LLC |
| Seller | WARLYN INC |
12955 W Vanowen St North Hollywood Multifamily Investment
Stabilized renter demand in an Urban Core pocket of North Hollywood is supported by high-cost ownership dynamics and steady neighborhood occupancy, according to WDSuite’s CRE market data.
This Urban Core neighborhood in North Hollywood rates B+ and is competitive among the 1,441 Los Angeles metro neighborhoods, offering investors a balanced mix of livability and tenant depth. Cafes and restaurants are dense by national standards, and everyday convenience is reinforced by strong grocery and pharmacy availability. These amenity patterns help support leasing velocity and retention beyond the metro median in many comparable submarkets.
The share of housing units that are renter-occupied is elevated both in the immediate neighborhood and within a 3-mile radius, indicating a deep tenant base and durable demand for multifamily units. Neighborhood occupancy trends remain solid relative to many U.S. neighborhoods, which supports income stability and lowers volatility risk during typical leasing seasons.
Within a 3-mile radius, recent years show a modest population dip but a slight increase in households and a projected return to population growth alongside smaller average household sizes. Rising median incomes and forecast rent growth in the area suggest a larger tenant base with improving ability to absorb incremental rent, which can support occupancy stability and disciplined pricing for well-managed assets.
Home values in the neighborhood are high compared with national norms, creating a high-cost ownership market that tends to reinforce reliance on rental housing. For investors, this dynamic often translates into steadier renewal pipelines and pricing power for competitive product. One headwind to note is lower average school ratings locally, which may modestly limit appeal for some family renters relative to stronger-rated parts of the metro.
Safety conditions in this part of North Hollywood compare favorably to many neighborhoods nationwide, landing in the top quartile nationally on WDSuite’s crime benchmarks. Within the Los Angeles metro’s 1,441 neighborhoods, the area is competitive, and recent data indicate meaningful year-over-year declines in both property and violent offense estimates. While conditions can vary block-to-block, the directional trend supports tenant retention and day-to-day livability for workforce and professional renters.
The employment base nearby spans media, entertainment, telecommunications, and engineering, supporting a wide renter pool and commute-friendly housing demand. Key employers include Charter Communications, Radio Disney, Disney, Activision Blizzard Studios, and AECOM.
- Charter Communications — telecommunications (4.1 miles)
- Radio Disney — media (5.1 miles)
- Disney — entertainment (5.8 miles) — HQ
- Activision Blizzard Studios — entertainment & gaming (8.8 miles)
- AECOM — engineering & infrastructure (9.3 miles) — HQ
Built in 2002, the 20-unit property offers relatively newer-vintage product compared with much of the surrounding housing stock, which trends older. For investors, that positioning generally improves competitive standing versus legacy assets and can moderate near-term capital needs, while still leaving room for targeted modernization to drive rent premiums. According to CRE market data from WDSuite, the neighborhood exhibits steady occupancy and a renter-occupied housing base that supports demand resilience.
High ownership costs locally, combined with dense amenities and proximity to large employment centers, underpin renter reliance on multifamily housing and support retention. Forward-looking demographic patterns within a 3-mile radius point to household growth, smaller household sizes, and rising incomes, which together can expand the tenant base and support disciplined rent strategies. Key considerations include below-average school ratings and limited park access, which may influence positioning for family-oriented renters and should be reflected in marketing and amenity programs.
- Newer 2002 vintage versus older neighborhood stock supports competitive positioning and moderated near-term CapEx.
- Solid neighborhood occupancy and high renter-occupied share indicate a deep tenant base and income stability.
- High-cost ownership market reinforces rental demand and supports renewal and pricing power for well-managed units.
- Amenity density and proximity to major employers support leasing velocity and retention.
- Risks: lower average school ratings, limited park access, and sensitivity to broader economic cycles.