| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4426 N Ensign Ave, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4426 N Ensign Ave North Hollywood Multifamily Investment
This 42-unit property benefits from strong neighborhood-level occupancy at 93.6% and elevated rental demand in an urban core location. Commercial real estate analysis shows the area ranks in the top quartile nationally for amenity access and grocery store density.
This North Hollywood property sits in an urban core neighborhood that ranks 104th among 1,441 metro neighborhoods, earning an A rating with strong fundamentals for multifamily investors. The area demonstrates robust rental demand with 76.9% of housing units occupied by renters, ranking in the 98th percentile nationally. Neighborhood-level occupancy remains stable at 93.6%, supporting consistent cash flows for property owners.
Built in 1986, this 42-unit property aligns with the neighborhood's average construction year of 1982, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The property's average unit size of 1,065 square feet positions it competitively within the local rental market where median contract rents reach $2,028.
Demographics within a 3-mile radius show 180,993 residents with a median household income of $98,357, while 65.2% of housing units are renter-occupied. Forecasted data indicates household growth of 38.4% through 2028, expanding the potential tenant base and supporting long-term rental demand. The area's high home values at a median of $993,373 reinforce rental demand as elevated ownership costs keep households in the multifamily market.
Amenity density supports tenant retention with 6.42 grocery stores per square mile (97th percentile nationally) and substantial restaurant access at nearly 20 establishments per square mile. The neighborhood's 42.1% bachelor's degree attainment rate ranks in the 98th percentile nationally, indicating a professional renter base that typically demonstrates stable lease performance and income reliability.
Safety metrics show mixed trends that warrant monitoring for property management considerations. The neighborhood ranks 357th among 1,441 metro neighborhoods for overall crime, placing it in the 76th percentile nationally. Property offense rates have declined significantly by 81.1% year-over-year, ranking in the 98th percentile nationally for improvement trends.
Violent crime rates remain relatively low at 19.7 incidents per 100,000 residents, with a substantial 96% decrease over the past year ranking in the 100th percentile nationally for improvement. While current property offense rates of 306.9 per 100,000 residents rank near the metro median, the dramatic improvement trajectory suggests strengthening security conditions that could support tenant retention and leasing velocity.
The property benefits from proximity to major entertainment and media employers that anchor the regional economy and provide stable workforce housing demand.
- Radio Disney — entertainment media (1.7 miles)
- Disney — entertainment media (2.7 miles) — HQ
- Charter Communications — telecommunications (3.7 miles)
- Live Nation Entertainment — entertainment services (3.8 miles)
- Live Nation Entertainment — entertainment services (5.5 miles) — HQ
This North Hollywood property presents a compelling multifamily investment opportunity anchored by strong neighborhood fundamentals and demographic tailwinds. The 93.6% neighborhood-level occupancy rate demonstrates rental market stability, while the 76.9% renter-occupied housing share (98th percentile nationally) indicates deep rental demand that supports consistent cash flows. According to CRE market data from WDSuite, the area's A-rated neighborhood status and top-quartile amenity access create competitive advantages for tenant attraction and retention.
The 1986 construction year aligns with neighborhood norms and presents value-add potential through strategic renovations that could capture higher rents in a market where median contract rents reach $2,028. Demographic projections show 38.4% household growth through 2028 within a 3-mile radius, expanding the tenant pool while elevated home values at $993,373 median reinforce rental demand by keeping ownership costs beyond reach for many households. The property's proximity to Disney headquarters and other major entertainment employers provides workforce housing appeal in a stable employment corridor.
- Neighborhood occupancy at 93.6% indicates stable rental market conditions
- 76.9% renter-occupied units rank in 98th percentile nationally for rental demand depth
- 38.4% projected household growth through 2028 supports tenant pool expansion
- Value-add renovation potential with 1986 vintage in improving neighborhood
- Risk: Property crime rates near metro median require ongoing security management