| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5330 Satsuma Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2005 |
| Units | 20 |
| Transaction Date | 2003-05-21 |
| Transaction Price | $395,000 |
| Buyer | VARSHA ALON |
| Seller | EGLIT BARRY |
5330 Satsuma Ave North Hollywood 20-Unit Multifamily
Neighborhood renter concentration is high and occupancy has held steady, according to WDSuite’s CRE market data, supporting durable demand for well-located North Hollywood assets.
Located in North Hollywood’s Urban Core, the property benefits from a neighborhood that is competitive among Los Angeles-Long Beach-Glendale neighborhoods and supported by strong daily amenities. Grocery, restaurant, and pharmacy density rank in the upper tiers nationally, translating into walkable convenience that helps leasing and retention for multifamily operators.
The building’s 2005 vintage is newer than the neighborhood average (1982), which generally improves competitive positioning versus older stock. Investors should still underwrite typical mid-life systems work and strategic upgrades to maintain appeal against the continued flow of renovated Class B assets.
Neighborhood-level data indicate a high share of renter-occupied housing units, signaling a deep tenant base and consistent multifamily demand. Within a 3-mile radius, households have inched up while average household size has edged down, and forward-looking estimates point to household growth and a modest renter pool expansion—factors that can support occupancy stability and absorption.
Home values in the immediate area sit at elevated levels relative to incomes, reinforcing reliance on rental housing and supporting pricing power for well-maintained units. Median contract rents are also above many national peers, so lease management should balance revenue optimization with awareness of affordability pressure to protect retention. Average school ratings are mid-pack, which may matter less for smaller-unit demand but is still a consideration for family-oriented floor plans.
Safety metrics are mixed but improving. The neighborhood performs above the national median for overall safety, and recent year-over-year declines in both property and violent offenses outpaced most U.S. neighborhoods, indicating a favorable trend rather than a claim about any specific block.
Against the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, crime levels track better than many peer areas, and national comparisons place the neighborhood in the upper tiers for recent improvement. Investors should still apply standard operating practices—lighting, access controls, and resident engagement—while recognizing that trend data are moving in the right direction.
Proximity to major entertainment and media employers supports a steady renter pipeline seeking commute convenience. The immediate employment base includes Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media offices (1.8 miles)
- Charter Communications — telecommunications offices (2.5 miles)
- Disney — media & entertainment (2.5 miles) — HQ
- Live Nation Entertainment — entertainment offices (4.8 miles)
- Avery Dennison — materials & packaging (6.4 miles) — HQ
5330 Satsuma Ave offers 20 units with larger average floor plans for the submarket, positioned in a renter-heavy pocket of North Hollywood where elevated ownership costs sustain reliance on multifamily housing. Based on CRE market data from WDSuite, neighborhood occupancy remains healthy and renter-occupied share is high, indicating depth of tenant demand and support for stable leasing.
Constructed in 2005, the asset is newer than much of the local housing stock, which can reduce near-term competitive obsolescence while still warranting prudent capital planning for mid-life systems and selective renovations. Strong amenity density and access to major employers reinforce absorption potential, while higher rent and value-to-income dynamics suggest pricing power balanced against affordability sensitivity.
- Renter-heavy neighborhood and solid occupancy support demand depth and leasing stability.
- 2005 vintage provides competitive positioning versus older stock with manageable modernization scope.
- Amenity-rich Urban Core location near major media employers underpins absorption and retention.
- Elevated ownership costs reinforce multifamily reliance, supporting pricing power for well-run assets.
- Risks: affordability pressure and cyclical exposure to entertainment-driven employment require disciplined lease management and expense controls.