| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 91st | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11059 Fruitland Dr, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | 2015-09-11 |
| Transaction Price | $5,100,000 |
| Buyer | DARBYRIDGE LP |
| Seller | KUSS HERMAN O P |
11059 Fruitland Dr Studio City Multifamily Investment
At the neighborhood level, strong amenity access and a high-cost ownership landscape support resilient renter demand, according to CRE market data from WDSuite. Investors should view this asset as a supply-constrained Studio City foothold with stable demand drivers and manageable operational execution needs.
Studio City’s neighborhood fundamentals score well for investors, with the area ranked in the Top quartile among 1,441 metro neighborhoods and an overall A rating, per WDSuite. Daily-needs access is a differentiator: cafes and restaurants sit near the top of national distributions, and grocery and pharmacy density track above typical U.S. neighborhoods—factors that tend to underpin renter appeal and lease retention.
On the renter demand side, the share of renter‑occupied housing units is meaningful at the neighborhood level, creating a deeper tenant base for multifamily. Neighborhood occupancy trends sit below the metro median, suggesting leasing performance depends more on hands‑on operations and competitive positioning, but the broader backdrop in this inner‑suburban location remains supportive for stabilized assets.
Within a 3‑mile radius, demographics point to an expanding renter pool: WDSuite indicates population and household growth through the forecast period, with household counts rising as average household size edges lower. Rising incomes in the 3‑mile area and continued renter household formation support demand for professionally managed apartments and can help sustain occupancy stability.
Ownership costs are elevated locally relative to incomes, which reinforces reliance on rental housing and can support pricing power for well‑maintained units. For investors, that combination—strong amenities, high-income renter concentrations, and an inner‑suburban location—creates a durable demand base while rewarding thoughtful asset management.
Safety indicators compare favorably at the national level, with the neighborhood performing above most U.S. areas, according to WDSuite. Within the Los Angeles metro, however, the neighborhood’s crime rank places it outside the top tier locally, so performance is more mid‑pack in a regional context.
Trendwise, both violent and property offense rates have improved sharply year over year based on WDSuite’s data. For investors, the combination of nationally competitive standing and recent improvement supports a constructive view, while still warranting routine monitoring as part of ongoing risk management.
Proximity to major media and communications employers anchors the area’s white‑collar workforce and supports multifamily demand via short commutes and strong income profiles. Nearby hubs include Radio Disney, The Walt Disney Company, Live Nation Entertainment, and Charter Communications.
- Radio Disney — corporate offices (1.9 miles)
- Disney — corporate offices (2.9 miles) — HQ
- Live Nation Entertainment — corporate offices (3.1 miles)
- Charter Communications — corporate offices (4.4 miles)
- Live Nation Entertainment — corporate offices (4.8 miles) — HQ
11059 Fruitland Dr offers a boutique multifamily position in Studio City’s inner‑suburban fabric, where amenity depth, high household incomes, and elevated ownership costs help sustain renter demand. At the neighborhood level, occupancy trends are more operations‑sensitive than the metro’s leaders, but the tenant base is supported by strong local services and proximity to large entertainment and communications employers. Based on CRE market data from WDSuite, these fundamentals point to steady leasing potential for well‑managed assets.
Within a 3‑mile radius, WDSuite indicates population growth and a notable increase in households alongside rising incomes, expanding the renter pool and supporting occupancy stability. Elevated home values in the immediate area further reinforce reliance on multifamily housing, while professional management and targeted upgrades can help capture pricing power without overextending affordability.
- Amenity‑rich inner‑suburban location with strong day‑to‑day convenience that supports rent retention.
- Expanding 3‑mile renter pool and rising incomes bolster long‑run leasing fundamentals.
- Elevated ownership costs locally reinforce rental demand and potential pricing power for quality product.
- Proximity to major media and communications employers supports high‑earning tenant demand.
- Risk: neighborhood occupancy trails metro leaders, requiring active leasing and asset management to maintain performance.