| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 49th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13036 Sherman Way, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2005 |
| Units | 100 |
| Transaction Date | 2000-09-25 |
| Transaction Price | $2,095,000 |
| Buyer | COLONIA CORONA LP |
| Seller | LOH WELLINGTON H T |
13036 Sherman Way North Hollywood Multifamily Investment
Neighborhood occupancy trends in the mid-90s and a high renter-occupied share point to stable leasing fundamentals, according to WDSuite’s CRE market data. This supports durable demand dynamics for a 2005-vintage asset in an Urban Core pocket of North Hollywood.
The neighborhood rates B+ and is competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods (ranked 385), supported by strong daily conveniences. Restaurant and cafe density ranks near the top of the metro and tests in high national percentiles, while grocery and pharmacy access are also comparatively strong. Immediate park acreage is limited, so on-site amenities and private open space can be differentiators for tenant retention.
Occupancy in the neighborhood sits around the mid-90% range and trends above many areas nationally, with renter-occupied housing accounting for roughly two-thirds of units. For investors, that renter concentration indicates a deep tenant base and helps support leasing stability for 100 units, provided pricing aligns with local affordability bands.
Within a 3-mile radius, recent years show flat-to-slightly lower population alongside an increase in households and smaller average household sizes. This shift typically expands the renter pool and supports steady absorption of multifamily product. Income measures have been rising, and median contract rents have grown, reinforcing demand for well-managed assets.
Home values in the neighborhood are elevated versus national norms, testing in a very high national percentile, which tends to reinforce reliance on multifamily rentals and can aid lease retention. At the same time, rent-to-income levels near 30% suggest some affordability pressure; thoughtful lease management and amenity value can support retention. The property’s 2005 construction is newer than the neighborhood’s older housing stock (average 1969), positioning it as relatively competitive, though targeted modernization may still improve appeal and operating performance based on commercial real estate analysis from WDSuite.
Safety indicators are comparatively favorable versus many U.S. neighborhoods, with the area testing in the upper national percentiles for both violent and property offense safety. Within the Los Angeles metro, the neighborhood’s crime rank places it above the metro median among 1,441 neighborhoods, and recent year-over-year estimates indicate notable improvement in both violent and property categories. These are neighborhood-level trends and can support renter confidence and leasing stability over time.
Proximity to major media and corporate employers supports workforce-driven renter demand and commute convenience, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Charter Communications — corporate offices (4.2 miles)
- Radio Disney — corporate offices (5.5 miles)
- Disney — corporate offices (6.1 miles) — HQ
- Live Nation Entertainment — corporate offices (8.1 miles)
- Activision Blizzard Studios — corporate offices (9.3 miles)
Constructed in 2005, the asset is materially newer than much of the surrounding housing stock, offering relative competitiveness versus older properties and potential to capture demand from renters seeking modern features. Neighborhood occupancy trends in the mid-90s and a high renter-occupied share indicate depth of tenant demand; elevated home values further sustain reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood performance sits above many U.S. areas, supporting a case for stable operations with selective value-add to enhance positioning.
Within a 3-mile radius, households are projected to increase even as overall population stays near flat, implying smaller household sizes and a larger renter pool over time. Affordability pressure near the 30% rent-to-income range suggests careful rent setting and amenity-driven retention will be important, especially given below-average school ratings and limited immediate park access.
- 2005 vintage offers competitive positioning versus older neighborhood stock with targeted modernization upside
- Mid-90% neighborhood occupancy and high renter concentration support leasing stability
- Elevated ownership costs locally reinforce renter demand and potential lease retention
- 3-mile household growth and smaller household sizes expand the renter pool and support absorption
- Risks: rent-to-income pressure, lower school ratings, and limited park access call for disciplined pricing and amenity strategy