| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 53rd | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1990 Jackson St, Hollywood, FL, 33020, US |
| Region / Metro | Hollywood |
| Year of Construction | 1995 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | $1,040,000 |
| Buyer | CROCANO PAOLA |
| Seller | LETO PETER |
1990 Jackson St Hollywood Multifamily Investment Opportunity
Renter demand is supported by a high renter-occupied share and dense neighborhood amenities, according to WDSuite’s CRE market data. Expect steady leasing interest from workforce tenants drawn to Hollywood’s Urban Core location.
The property sits in Hollywood’s Urban Core with strong amenity access: restaurants are ranked 5 of 345 metro neighborhoods (99th percentile nationally), with grocery, parks, and pharmacies also in the mid- to high-90s percentiles nationwide. This concentration of daily needs and dining typically supports retention and reduces transportation friction for renters.
Neighborhood fundamentals are competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods (overall rank 41 of 345), though occupancy measured at the neighborhood level is moderate. A high share of housing units are renter-occupied (58%; 93rd percentile nationally), indicating a deep tenant base that can support multifamily absorption and stabilize leasing through cycles.
Construction in the surrounding area skews older (average 1980; above metro median age), while this asset’s 1995 vintage is newer than much of the local stock. That positioning can enhance competitiveness versus older comparables, while still warranting capital planning for aging systems or targeted modernization to capture value-add upside.
Demographic statistics aggregated within a 3-mile radius show modest population growth and a larger increase in households alongside smaller average household sizes. This points to a gradually expanding renter pool and demand for smaller-unit formats, supporting occupancy stability and leasing velocity. Median home values relative to incomes place the area in a higher-cost ownership context, which tends to sustain reliance on multifamily rentals and can reinforce pricing power when managed against rent-to-income affordability pressure.
Safety indicators are mixed but improving in trend. National comparisons place the neighborhood above average on several measures (overall crime around the 75th percentile; property offense near the top quintile and violent offense modestly above average nationwide), while recent year-over-year estimates indicate declines in both property and violent offenses.
Within the Fort Lauderdale metro, the neighborhood’s rank (22 of 345, where lower ranks indicate more reported crime) signals that safety perceptions may vary by block and sub-area. Investors should underwrite with standard operational precautions and consider security design and lighting upgrades as appropriate, while recognizing that recent trend data suggest improvement.
Nearby corporate offices help anchor employment and support renter demand via short commutes for workforce tenants. Notable employers include AutoNation, Johnson & Johnson, Mosaic, Ryder System, and World Fuel Services.
- AutoNation — corporate offices (7.7 miles) — HQ
- Johnson & Johnson — healthcare & consumer products corporate offices (11.8 miles)
- Mosaic — agriculture & chemicals corporate offices (13.6 miles)
- Ryder System — transportation & logistics corporate offices (17.7 miles) — HQ
- World Fuel Services — energy & logistics corporate offices (18.8 miles) — HQ
1990 Jackson St is a 22-unit asset built in 1995, positioned in a renter-heavy Urban Core pocket with exceptional amenity density. The property’s vintage is newer than the neighborhood average, which can support competitive positioning against older stock while leaving room for targeted value-add to building systems and finishes. According to commercial real estate analysis from WDSuite, neighborhood-level occupancy is moderate, but the high renter-occupied share and expanding household counts within 3 miles point to demand depth that supports leasing stability.
Household growth and smaller household sizes in the 3-mile radius suggest sustained interest in efficient units and workforce housing near employment. Elevated ownership costs relative to incomes reinforce reliance on rentals, though rent-to-income readings imply affordability pressure that calls for attentive lease management and renewal strategies. Overall, the combination of amenity access, employer proximity, and a deep renter base underpins a durable, operations-focused thesis with measured upside through selective upgrades.
- Renter-heavy neighborhood and strong amenities support steady tenant demand
- 1995 vintage is newer than local average, offering competitive positioning and value-add pathways
- 3-mile household growth and shrinking household sizes expand the renter pool and support occupancy
- Employer access within ~8–19 miles broadens the workforce tenant base and aids retention
- Risk: affordability pressure and mixed metro-relative safety require prudent underwriting and active lease management