| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 53rd | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1800 Jackson St, Hollywood, FL, 33020, US |
| Region / Metro | Hollywood |
| Year of Construction | 2009 |
| Units | 24 |
| Transaction Date | 2009-11-01 |
| Transaction Price | $3,100,000 |
| Buyer | Mediterranean Luxury Apts LLC |
| Seller | Mediterranean Development, LLC |
1800 Jackson St, Hollywood FL Multifamily Opportunity
In the surrounding neighborhood, renter-occupied housing is prevalent and amenities are dense, supporting steady tenant demand; according to WDSuite’s CRE market data, this area performs competitively within the Fort Lauderdale metro despite cyclical fluctuations.
The property sits in an Urban Core location within Hollywood where amenity access ranks near the top of the metro. The neighborhood places strong for lifestyle convenience, with restaurants and grocery options ranking among the best of 345 Fort Lauderdale–area neighborhoods and landing in the top quartile nationally. This concentration of daily needs and dining typically supports leasing velocity and retention for well-managed assets.
Neighborhood standing is rated A and ranks 41 out of 345, which is top quartile among metro neighborhoods. Renter-occupied share is elevated (58% for the neighborhood), signaling a deep tenant base and ongoing demand for multifamily product. Median contract rents in the neighborhood benchmark above the national median, while the neighborhood occupancy reading indicates room for operational differentiation via marketing, renovations, or management execution.
At the asset level, a 2009 construction date is newer than the neighborhood’s average 1980 vintage, which can provide a relative edge versus older stock. Investors should still plan for targeted modernization of systems and finishes to maintain competitiveness and capture value-add upside. Home values in the neighborhood sit within a higher-cost ownership context compared with incomes (national value-to-income standing in the upper percentiles), which tends to reinforce renter reliance on multifamily housing and can support pricing power.
Within a 3-mile radius, households have grown over the last five years and are projected to increase further by 2028, pointing to a larger tenant base over time. Population growth is modest, household sizes are trending smaller, and incomes are forecast to rise, all of which can underpin stable occupancy and rent performance. These dynamics, based on commercial real estate analysis from WDSuite, suggest durable demand drivers even as cycles evolve.
Safety trends show mixed signals when viewed across geographies. Within the Fort Lauderdale metro, the neighborhood ranks closer to the higher-crime side (ranked 22 out of 345 metro neighborhoods), warranting prudent security and operations planning. In national context, property-related offenses benchmark in the safer quartile, and violent-offense levels track closer to the national middle, according to WDSuite’s data.
Encouragingly, both property and violent offenses in the area have declined year over year, indicating a positive directional trend. Investors often translate this trajectory into practical measures such as lighting, access control, and community engagement to support resident satisfaction and retention.
Nearby corporate offices anchor a diversified employment base that supports renter demand through commute convenience and professional services employment. Key employers in reasonable proximity include AutoNation, Johnson & Johnson, Mosaic, Ryder System, and World Fuel Services.
- AutoNation — automotive retail HQ (7.7 miles) — HQ
- Johnson & Johnson — healthcare & pharmaceuticals offices (12.0 miles)
- Mosaic — chemicals & agriculture offices (13.6 miles)
- Ryder System — logistics & transportation HQ (17.9 miles) — HQ
- World Fuel Services — energy & commodities HQ (19.0 miles) — HQ
This 24-unit asset at 1800 Jackson St combines a 2009 vintage and large average unit sizes with an Urban Core setting, positioning it competitively against older neighborhood stock. The surrounding area ranks well for amenities and shows a high renter concentration, which can support tenant retention and leasing velocity, according to CRE market data from WDSuite.
Demand fundamentals are reinforced by a growing 3-mile household base and projections for additional household gains by 2028, implying a larger renter pool over time. Ownership costs in the neighborhood are relatively high versus incomes, which typically sustains multifamily demand; however, a higher rent-to-income ratio indicates affordability pressure that should be managed through careful leasing strategy and renewal pricing. Neighborhood occupancy trends suggest room for outperformance via targeted renovations and strong management execution.
- 2009 vintage and large average unit sizes create competitive positioning versus older area stock
- Amenity-rich Urban Core location with elevated neighborhood renter concentration supports demand depth
- 3-mile household growth and projected increases expand the tenant base and support occupancy stability
- Higher ownership costs relative to incomes tend to reinforce reliance on rental housing, aiding pricing power
- Risks: affordability pressure (higher rent-to-income) and metro crime positioning warrant prudent operations and resident engagement