| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 91st | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10913 Fruitland Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1973 |
| Units | 60 |
| Transaction Date | 2012-03-14 |
| Transaction Price | $7,875,078 |
| Buyer | STUDIO CITY HILLS APARTMENTS LLC |
| Seller | FRUITLAND LIMITED |
10913 Fruitland Dr, Studio City Multifamily Opportunity
Positioned in an Inner Suburb pocket that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods, this asset benefits from strong renter demand drivers and amenity depth, according to WDSuite s CRE market data. Neighborhood occupancy trends are steady, supporting income durability for a 60-unit property.
Studio City s neighborhood profile is investor-friendly: the area is rated A and ranks 61 out of 1,441 metro neighborhoods placing it in the top quartile among Los Angeles submarkets for overall fundamentals. Amenity access is a notable strength caf and restaurant concentrations are competitive among Los Angeles neighborhoods and sit in the upper national percentiles, which helps support leasing and resident retention.
The property s 1973 vintage is older than the neighborhood s average construction year (1985). For investors, that often translates into identifiable value-add pathways (unit renovations, common-area upgrades, system modernizations) and the need for near- to medium-term capital planning to sustain competitive positioning against newer stock.
Neighborhood occupancy is mid-range nationally, indicating generally stable leasing conditions rather than over-heated or soft demand. Renter-occupied housing sits at a meaningful share of local units, signaling depth in the tenant base and a consistent stream of prospective renters for multifamily communities.
Within a 3-mile radius, demographics indicate a high-income renter pool with a sizable professional cohort and projections for population and household expansion by 2028. This implies a larger tenant base and supports sustained absorption and occupancy stability for well-located assets.
Home values in the immediate neighborhood are elevated relative to national benchmarks, which typically reinforces reliance on multifamily housing and supports pricing power for quality renovations. At the same time, lease management should monitor rent-to-income dynamics to protect retention.
Safety indicators are relatively favorable in a metro context: the neighborhood s crime rank is near the better end of the spectrum (rank 188 out of 1,441 Los Angeles neighborhoods), and overall safety sits in the upper national percentiles. Recent year-over-year estimates also point to notable declines in both property and violent offenses, which, if sustained, can aid leasing confidence. As always, investors should evaluate property-level measures and recent trends rather than relying solely on metro comparisons.
Proximity to major media and telecom employers supports a steady professional renter base and commute-friendly housing demand. Nearby anchors include Radio Disney, Disney, Live Nation Entertainment, Charter Communications, and Activision Blizzard Studios.
- Radio Disney media (1.8 miles)
- Disney media & entertainment (2.8 miles) HQ
- Live Nation Entertainment entertainment (2.9 miles)
- Charter Communications telecommunications (4.4 miles)
- Activision Blizzard Studios gaming & digital media (5.2 miles)
10913 Fruitland Dr offers investors a 60-unit foothold in a top-quartile Los Angeles neighborhood with amenity depth and a professional renter base. The 1973 vintage creates clear value-add potential through interior upgrades and selective system modernization, while neighborhood occupancy trends remain steady; according to CRE market data from WDSuite, fundamentals are competitive relative to metro peers rather than overheated, which supports income stability.
Within a 3-mile radius, households and incomes are projected to grow by 2028, signaling a larger tenant base and sustained leasing velocity. Elevated neighborhood home values further reinforce renter reliance on multifamily, while a meaningful share of renter-occupied units supports depth of demand. Key considerations include ongoing capital planning for an older asset and active lease management to balance pricing power with retention.
- Top-quartile neighborhood fundamentals and strong amenity access support leasing and retention
- 1973 vintage presents value-add and modernization upside to enhance NOI
- 3-mile radius shows growth in households and incomes, expanding the renter pool by 2028
- Elevated ownership costs locally reinforce multifamily demand and pricing power
- Risk: older building systems require proactive capex and disciplined lease management