| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4441 Vineland Ave, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 40 |
| Transaction Date | 2017-07-07 |
| Transaction Price | $11,800,000 |
| Buyer | ENSIGN MANOR LLC |
| Seller | BB&K/NNC Toluca Lake Village, LLC, Private Investor, NNC Toluca Lake Village, LLC; John, PrCiaces/hu Enqitu aivnadle /nstf |
4441 Vineland Ave 40-Unit North Hollywood Multifamily
High renter concentration and strong neighborhood income performance suggest durable tenant demand, according to WDSuite’s CRE market data.
Located in North Hollywood’s Urban Core, the neighborhood ranks within the top quartile among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods overall (A rating), with deep renter demand drivers and dense amenities that support leasing stability.
Amenity access is a relative strength: neighborhood counts for grocery, restaurants, parks, and pharmacies track in the upper national percentiles, helping with daily convenience and retention. Median neighborhood schools are around the national middle, which supports a broad tenant profile without positioning solely toward family-driven demand.
Multifamily fundamentals are solid. Neighborhood occupancy has been relatively stable and sits above the national median, while median contract rents are high versus national peers. The share of renter-occupied units is elevated for the metro, indicating a large tenant base and ongoing depth for leasing. The average construction year in the neighborhood is 1982; at 4441 Vineland Ave the 1978 vintage is slightly older, which can create a straightforward value-add path through unit and systems upgrades.
Within a 3-mile radius, recent population trends were flat to slightly down, but WDSuite data indicate forecasts for population growth and a notable increase in households with smaller average household sizes. This pattern typically expands the renter pool for smaller formats and supports occupancy stability. Elevated home values relative to national norms, alongside a high value-to-income ratio, reflect a high-cost ownership market that tends to reinforce reliance on multifamily rentals and can aid lease retention.
Neighborhood safety compares favorably at the national level, landing around the top quartile of neighborhoods nationwide. Within the Los Angeles-Long Beach-Glendale metro, the area is competitive among 1,441 neighborhoods, indicating conditions that are neither among the highest- nor lowest-risk sub-areas locally.
According to WDSuite’s validated trend indicators, both violent and property offense rates have moved lower year over year at the neighborhood level. While block-level conditions vary and should be verified during diligence, the broader trend context supports a balanced risk view for multifamily operations.
Proximity to major entertainment and communications employers supports workforce housing dynamics and commute convenience for renters, including Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media & entertainment (1.64 miles)
- Disney — media & entertainment (2.62 miles) — HQ
- Charter Communications — telecommunications (3.62 miles)
- Live Nation Entertainment — entertainment (3.78 miles)
- Activision Blizzard Studios — gaming & digital media (6.04 miles)
This 40-unit, 1978-vintage asset benefits from a renter-heavy North Hollywood location where neighborhood income performance and amenity density support steady absorption and retention. High neighborhood rents and above-median occupancy, combined with a large share of renter-occupied units, point to durable demand; based on CRE market data from WDSuite, the area’s income per unit benchmarks and overall neighborhood standing are strong versus metro and national peers. Given the slightly older vintage relative to the neighborhood average, targeted renovations and system upgrades present a practical value-add path.
Within a 3-mile radius, forecasts indicate population growth and a meaningful increase in households alongside smaller household sizes, which typically expand the renter pool for smaller floor plans and support occupancy stability. Elevated ownership costs in the area tend to sustain reliance on rentals, though rent-to-income dynamics call for attentive lease management and pricing discipline.
- Renter-heavy neighborhood with above-median occupancy supporting demand depth
- Strong amenity access and competitive neighborhood standing bolster retention
- 1978 vintage offers clear value-add potential via unit and system upgrades
- 3-mile forecasts show household growth and smaller household sizes, supporting leasing for smaller formats
- Risk: high rents relative to income require disciplined lease and renewal management