| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 91st | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11045 Fruitland Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1983 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11045 Fruitland Dr Studio City Multifamily Investment
Positioned in a high-cost ownership pocket of Studio City, the 24-unit, 1983-vintage asset benefits from durable renter demand and amenity-driven appeal, according to WDSuite’s CRE market data. Expect leasing supported by strong neighborhood incomes and a broad tenant base rather than outsized concessions.
Studio City’s neighborhood profile is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 61 out of 1,441), reflecting strong location fundamentals for multifamily. Amenity access is a clear differentiator: cafes and restaurants score in the top national percentiles, while pharmacies and groceries are also above average; park access is limited, which investors should factor into positioning and resident experience.
Rents and occupancy for the neighborhood are around national mid-range levels, supporting steadier lease-up dynamics rather than volatility. Elevated home values relative to incomes signal a high-cost ownership market, which tends to sustain reliance on rental housing and can support pricing power for well-managed assets.
Within a 3-mile radius, the renter-occupied share is approximately two-thirds, indicating a deep tenant base and demand for professionally managed apartments. Household incomes are strong and educational attainment is high (neighborhood-level measures are in the upper national percentiles), which can translate to lower turnover risk and stronger collections when paired with appropriate screening.
Demographic trends within 3 miles point to renter pool expansion: despite recent softness, forecasts show population growth and a substantial increase in households alongside smaller average household sizes through 2028. For multifamily investors, this implies more renters entering the market and support for occupancy stability as new households form or downsize into apartments.
Safety indicators are favorable in a national context, with neighborhood-level metrics landing above national averages and recent year-over-year declines in both property and violent offense rates. This trajectory, based on CRE market data from WDSuite, supports resident retention and leasing stability without overreliance on concessions.
While no submarket is immune to fluctuations, the combination of higher national safety percentiles and improving trend lines positions the area competitively against many urban Los Angeles neighborhoods. Investors should continue to monitor regional cycles and property-level security measures as part of ongoing asset management.
The area draws from a concentrated media, entertainment, and communications employment base that supports workforce housing demand and commute convenience. Notable nearby employers include Radio Disney, Disney, Live Nation Entertainment, and Charter Communications.
- Radio Disney — media & entertainment (1.9 miles)
- Disney — entertainment (2.9 miles) — HQ
- Live Nation Entertainment — entertainment offices (3.1 miles)
- Charter Communications — telecommunications (4.4 miles)
- Live Nation Entertainment — entertainment (4.8 miles) — HQ
11045 Fruitland Dr is a 24-unit, 1983-vintage property in Studio City offering exposure to a high-income renter base and strong amenity access. The vintage suggests potential value-add via unit and systems modernization, while neighborhood occupancy trends sit near national mid-range levels, limiting downside tied to cyclical spikes. Elevated ownership costs locally reinforce reliance on multifamily housing, supporting rent collections and pricing power for well-managed assets.
Forward-looking fundamentals are constructive: within a 3-mile radius, forecasts show population growth and a sharp increase in households alongside shrinking household sizes, pointing to a larger tenant base over the next five years. According to CRE market data from WDSuite, amenity density ranks in the top tiers nationally and the neighborhood’s safety trend has improved, both of which bolster leasing and retention prospects.
- Prime Studio City location with top-tier amenity access and strong household incomes supporting demand
- 1983 vintage offers clear value-add pathway via interior and building system updates
- Deep renter base within 3 miles and projected household growth support occupancy stability
- High-cost ownership market underpins renter reliance and can aid rent integrity
- Risks: limited park access, sector concentration in entertainment, and capital planning needs for an early-1980s asset