| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 91st | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10849 Fruitland Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | 2000-06-29 |
| Transaction Price | $405,000 |
| Buyer | HEKMATJAH DAVID |
| Seller | TRUST FARZADMEHR MORTEZA TR PROGRESSIVE |
10849 Fruitland Dr Studio City Multifamily Investment
2002 vintage, 24-unit asset positioned in a high-income Inner Suburb with durable renter demand, according to WDSuite’s CRE market data. Location fundamentals and nearby employment hubs support leasing stability and long-term relevance.
Studio City location fundamentals
The property sits in an A-rated neighborhood that ranks 61 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile locally and competitive nationally. Restaurant and cafe density is a clear strength (both in the high-90s national percentiles), reinforcing walkable conveniences that help with tenant retention and leasing velocity, based on WDSuite’s multifamily property research.
Home values in the neighborhood are elevated relative to national norms, which typically sustains reliance on rental housing and supports pricing power for well-maintained units. At the same time, the neighborhood’s rent-to-income profile trends toward manageable levels for local earners, which can aid lease renewal rates when managed thoughtfully.
Within a 3-mile radius, demographics skew toward higher household incomes and educated residents, and forecasts point to population growth along with a notable increase in household count over the next five years. A growing number of smaller households suggests a larger tenant base for professionally managed multifamily and supports occupancy stability.
The building stock nearby skews older than this asset (average vintage around the mid-1980s), so a 2002 construction date offers relative competitiveness versus legacy properties while still benefiting from selective modernization to meet current renter expectations.
Amenity access is strong for groceries and pharmacies by national comparison. Neighborhood park density is limited, which places more emphasis on property-level amenities and nearby private recreation to round out the living experience.
Safety context
Relative to many Los Angeles neighborhoods, the area around Studio City trends on the safer side, with crime performance in the upper tiers nationally. This positioning supports renter appeal and can contribute to lease retention for quality assets.
Recent year-over-year indicators show materially lower estimated rates for both property and violent offenses in the neighborhood, a constructive trend that aligns with investor priorities around operational stability. While conditions can vary by block, the broader trajectory is favorable compared with regional peers.
Anchor employers and commute access
Proximity to major entertainment and media employers underpins a steady professional tenant base and supports leasing stability for workforce and mid- to upper-tier units. Key nearby employers include Radio Disney, Disney, Live Nation Entertainment, Charter Communications, and Activision Blizzard Studios.
- Radio Disney — media (1.8 miles)
- Disney — media & entertainment (2.7 miles) — HQ
- Live Nation Entertainment — entertainment offices (2.9 miles)
- Charter Communications — telecommunications (4.4 miles)
- Activision Blizzard Studios — gaming & media (5.2 miles)
Why invest
10849 Fruitland Dr is a 24-unit, 2002-built asset positioned in an A-rated Studio City neighborhood with strong lifestyle amenities and access to prominent employers. The vintage is newer than nearby averages, offering relative competitiveness versus older stock while leaving room for targeted upgrades to enhance rents and retention.
Within a 3-mile radius, higher-income demographics and a projected increase in both population and household count signal a larger tenant base ahead, supporting occupancy stability and rent growth management. According to CRE market data from WDSuite, elevated local home values reinforce reliance on multifamily housing, while rent-to-income dynamics suggest room for disciplined pricing without unduly pressuring retention.
- Newer 2002 construction relative to neighborhood average, with value-add potential through selective modernization
- High local amenity density and strong neighborhood ranking support leasing and tenant retention
- Professional tenant base supported by nearby media and entertainment employers
- Risks: limited neighborhood park space and cyclical exposure to entertainment/media employment