| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 25th | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2410 Oak Gardens Ln, Hollywood, FL, 33020, US |
| Region / Metro | Hollywood |
| Year of Construction | 1988 |
| Units | 106 |
| Transaction Date | 2022-06-07 |
| Transaction Price | $11,272,500 |
| Buyer | OAK GARDENS LLC |
| Seller | OAK GARDENS APARTMENTS LLC |
2410 Oak Gardens Ln, Hollywood FL Multifamily Investment
Stabilized renter demand in an inner-suburban pocket of Hollywood supports consistent leasing, according to WDSuite’s CRE market data. With strong neighborhood amenities and a large renter base, this asset’s positioning favors steady occupancy through cycles.
Situated in Hollywood’s Inner Suburb, the neighborhood rates B- and sits around the metro median (187 of 345 neighborhoods), suggesting balanced fundamentals for workforce housing. Neighborhood occupancy is reported at 90.7% and has trended modestly higher over five years; this figure reflects neighborhood conditions, not the property itself, and points to generally steady leasing conditions for comparable assets.
Amenity access is a relative strength. Grocery options land in the top quartile nationally, and restaurants and cafes are also in the top quartile, supporting day-to-day convenience and resident satisfaction. Park access ranks above the national median, though pharmacy availability is limited locally, which owners should consider when positioning resident services.
Renter concentration and housing context: The share of renter-occupied housing units in the neighborhood is high and ranks in the top percentile range metro-wide (71.9% renter-occupied; top national percentile). For investors, that depth of the tenant base typically supports leasing velocity and renewals. Median home values are somewhat above national norms, and the neighborhood’s value-to-income ratio ranks in a high national percentile, indicating a high-cost ownership market that can reinforce reliance on multifamily rentals. At the same time, the neighborhood rent-to-income ratio is elevated, which introduces affordability pressure that owners should manage through thoughtful lease strategies.
Demographics within 3 miles: The population has grown modestly over the past five years while households have increased at a faster pace, indicating smaller average household sizes and a gradually expanding renter pool. Projections point to additional household growth by 2028 alongside higher median incomes, which supports rentability and occupancy stability. Average school ratings in the neighborhood track below national norms, a factor some family renters weigh; investors may counterbalance this with property-level amenities and access to nearby parks and daily-needs retail.
Safety indicators compare below national averages for neighborhoods, with crime measures sitting in lower national percentiles; investors should underwrite with prudent security and operating practices. Notably, the estimated rate of property offenses declined sharply year over year and ranks in a higher national percentile for improvement, signaling recent progress even as overall safety remains a watch item.
Interpret these metrics as neighborhood-level context rather than property-specific conditions. Owners can often mitigate perception risk through lighting, access controls, and resident engagement, especially in locations with strong daily amenities and employment access.
Proximity to major corporate employers underpins renter demand and commute convenience, supporting lease retention for workforce and professional tenants. Key nearby employers include AutoNation, Johnson & Johnson, Mosaic, Ryder System, and World Fuel Services.
- AutoNation — automotive retail HQ and corporate functions (5.97 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (12.5 miles)
- Mosaic — phosphate & fertilizer corporate offices (15.5 miles)
- Ryder System — logistics & transportation HQ (18.2 miles) — HQ
- World Fuel Services — energy & logistics HQ (19.7 miles) — HQ
Built in 1988, the asset is newer than the neighborhood’s average vintage and should compete well against older stock, while still benefiting from targeted modernization of common areas and building systems to drive rent premiums. Neighborhood occupancy is 90.7% and has improved over five years; this is a neighborhood metric, not property-specific, but it supports an underwriting view of steady tenant demand.
Amenity density is a clear advantage, with grocery, restaurant, and cafe availability ranking in the top quartile nationally. Within a 3-mile radius, households have been increasing and are projected to grow further by 2028 alongside rising incomes, expanding the tenant base and supporting rentability. At the same time, elevated rent-to-income ratios and below-average school ratings introduce operational considerations around pricing power and resident retention. According to CRE market data from WDSuite, ownership costs remain comparatively high in the area, which can reinforce renter reliance on multifamily housing.
- 1988 vintage offers competitive positioning versus older neighborhood stock with value-add potential
- Neighborhood occupancy at 90.7% supports underwriting for steady leasing (neighborhood metric)
- Top-quartile grocery, restaurant, and cafe access underpin resident convenience and retention
- 3-mile household growth and rising incomes expand the renter pool and support rentability
- Risks: elevated rent-to-income ratios, below-average school ratings, and neighborhood safety perception require active management