| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1754 Funston St, Hollywood, FL, 33020, US |
| Region / Metro | Hollywood |
| Year of Construction | 1972 |
| Units | 27 |
| Transaction Date | 2003-05-05 |
| Transaction Price | $1,700,000 |
| Buyer | DIVILLA FLORIDA LLC |
| Seller | LEVIN SAM |
1754 Funston St Hollywood Value-Add Multifamily
Neighborhood indicators point to steady renter demand and stable occupancy at the area level, while elevated ownership costs reinforce reliance on rentals, according to WDSuite’s CRE market data. Vintage construction suggests scope for targeted upgrades to sharpen competitiveness without overbuilding the thesis.
Located in Hollywood’s Urban Core, the property sits in a renter-heavy neighborhood where roughly half of housing units are renter-occupied (neighborhood metric, not property-specific). This supports a deeper tenant base and steadier leasing cadence for smaller assets.
Area livability is mixed. Childcare access compares well nationally (high percentile), but cafes, groceries, and parks are sparse within the immediate neighborhood, which can shift convenience needs to nearby corridors. Average school ratings trend below national norms; investors should underwrite accordingly for family-oriented demand.
On fundamentals, neighborhood rents benchmark above national medians and the area’s housing occupancy has inched higher over the past five years, aiding income stability at the neighborhood level (not the property). Home values are elevated for the region, which tends to sustain rental demand by making ownership a higher-cost alternative, a useful backdrop for lease retention and pricing power.
Within a 3-mile radius, WDSuite’s data shows modest population growth and a faster increase in households, implying smaller household sizes and a gradual expansion of the renter pool. Forward-looking projections indicate continued household growth, which typically supports occupancy stability and leasing velocity for well-positioned multifamily assets.
Safety indicators are mixed when viewed across scales. At the metro level, the neighborhood ranks around the middle of 345 Fort Lauderdale–Pompano Beach–Sunrise neighborhoods. Nationally, overall crime gauges sit slightly below the median for safety, while some components compare more favorably versus peers.
Recent trend data shows year-over-year increases in certain incident categories, signaling potential volatility even as other measures place the area in stronger percentiles nationwide. Investors should account for security measures and tenant communications in operations planning and benchmark insurance and operating assumptions to current local norms.
The employment base combines regional headquarters and diversified corporate offices that broaden the commuter renter pool and can support lease retention: AutoNation, Johnson & Johnson, Mosaic, Ryder System, and World Fuel Services.
- AutoNation — corporate offices (8.1 miles) — HQ
- Johnson & Johnson — corporate offices (11.8 miles)
- Mosaic — corporate offices (13.2 miles)
- Ryder System — corporate offices (17.7 miles) — HQ
- World Fuel Services — corporate offices (18.7 miles) — HQ
Built in 1972, this 27‑unit asset offers classic value‑add angles: system modernization, in‑unit finishes, and curb appeal can reposition against older nearby stock while staying mindful of capital intensity. Smaller-format layouts (average ~586 sq. ft.) align with workforce renters and singles, a fit with neighborhood tenure patterns indicating a solid base of renter-occupied units.
Based on CRE market data from WDSuite, neighborhood-level occupancy has trended stable and rents benchmark above national medians, while elevated home values in the area help sustain renter reliance on multifamily housing. Within a 3‑mile radius, households are growing faster than population, pointing to a gradually expanding renter pool that can support leasing stability. Key underwriting considerations include modest local amenity density, lower-rated schools, and mixed safety trends over the past year.
- 1972 vintage with clear value‑add and systems/finish upgrade potential
- Neighborhood rents and occupancy support stable income at the area level
- Elevated ownership costs reinforce rental demand and lease retention
- 3‑mile radius shows household growth, expanding the tenant pool
- Risks: limited nearby amenities, below-average school ratings, and mixed safety trends