| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 53rd | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2401 Van Buren St, Hollywood, FL, 33020, US |
| Region / Metro | Hollywood |
| Year of Construction | 1986 |
| Units | 25 |
| Transaction Date | 2018-07-13 |
| Transaction Price | $60,400 |
| Buyer | ASPRING INC |
| Seller | PURPLECOW LLC |
2401 Van Buren St Hollywood Multifamily Value-Add
Renter concentration in the surrounding neighborhood supports steady leasing potential, while strong amenity access reinforces everyday convenience, according to WDSuite’s CRE market data.
Located in Hollywood’s Urban Core, the property sits in a neighborhood rated A and ranked 41st among 345 metro neighborhoods — a top-quartile position that signals competitive fundamentals for multifamily investors. Amenity density is a clear strength: restaurants and cafes are in the top percentiles nationally, and grocery, parks, and pharmacy access also test in high national percentiles. This concentration of daily needs helps underpin renter appeal and retention.
Renter-occupied housing accounts for an estimated 58% of neighborhood units, a high renter concentration that supports a deeper tenant base and ongoing demand for apartments. Neighborhood occupancy is lower than national norms, indicating leasing competition in parts of the submarket; investors should underwrite toward active leasing management and product differentiation.
Within a 3-mile radius, households have increased over the past five years and are projected to continue rising through 2028, while average household size is trending smaller. These dynamics point to a larger renter pool over time, particularly for efficient floor plans, and support occupancy stability as more households form.
Home values in the area are elevated relative to local incomes, and effective rents are above national medians, which can create affordability pressure (rent-to-income metrics are tight). For investors, this mix suggests balanced pricing power with some retention risk; thoughtful rent setting and amenity positioning can help sustain occupancy and reduce turnover, based on commercial real estate analysis from WDSuite.
Safety signals are mixed in a way investors should contextualize. The neighborhood places in the top quartile nationally for safety, indicating comparatively favorable conditions versus many U.S. neighborhoods. At the same time, within the Fort Lauderdale metro it ranks closer to the higher-crime segment (ranked 22 out of 345 metro neighborhoods, where lower ranks indicate more crime), so performance should be assessed relative to nearby options when underwriting tenant retention and operating practices.
Trend indicators point to improvement: both violent and property offense estimates have declined year over year, according to WDSuite’s CRE market data. Owners can pair standard security measures with resident engagement to support leasing and renewal outcomes while monitoring submarket trends.
Proximity to diversified employers supports renter demand via commute convenience, with exposure to automotive retail, pharmaceuticals, agriculture & chemicals, logistics, and energy distribution.
- AutoNation — automotive retail (7.6 miles) — HQ
- Johnson & Johnson — pharmaceuticals (11.5 miles)
- Mosaic — agriculture & chemicals (13.9 miles)
- Ryder System — logistics (17.4 miles) — HQ
- World Fuel Services — energy distribution (18.6 miles) — HQ
This 25-unit, 1986-vintage asset aligns with an Urban Core location that ranks in the metro’s top quartile and benefits from high renter concentration and dense amenities. The mid-1980s construction suggests potential value-add through systems modernization and targeted interior refreshes to improve competitive positioning against both newer deliveries and well-renovated stock.
Based on CRE market data from WDSuite, the neighborhood shows strong renter demand drivers yet exhibits softer occupancy than national norms, reinforcing the need for active leasing and renewal management. Within a 3-mile radius, household growth and shrinking household size point to a larger tenant base over time, while elevated ownership costs and rent-to-income pressure warrant careful pricing, amenity strategy, and expense control to sustain cash flow.
- Urban Core location with top-quartile neighborhood ranking and dense amenities that support leasing and retention
- 1986 vintage offers clear value-add levers via modernization and unit updates
- High renter concentration nearby expands the tenant pool and underpins long-term demand
- 3-mile household growth and smaller household size support demand for efficient units over time
- Risks: neighborhood occupancy below national norms and rent-to-income pressure require disciplined pricing and active leasing