| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 92nd | Best |
| Amenities | 53rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2751 Ocean Club Blvd, Hollywood, FL, 33019, US |
| Region / Metro | Hollywood |
| Year of Construction | 1991 |
| Units | 24 |
| Transaction Date | 2002-04-09 |
| Transaction Price | $210,000 |
| Buyer | COLAK CELAL |
| Seller | BOLLT THEODORE |
2751 Ocean Club Blvd Hollywood Multifamily Investment
Coastal Hollywood shows strong renter demand supported by high household incomes and elevated ownership costs, according to WDSuite s CRE market data. Investors should weigh an ownership-leaning micro area against a deeper 3-mile renter pool and stable amenity fundamentals.
Neighborhood fundamentals are comparatively strong: the area ranks 38 out of 345 metro neighborhoods (A rating), placing it in the top quartile locally. Amenity access skews favorable for lifestyle-oriented renters parks are abundant (top national percentiles), with dining and cafes competitive among Fort Lauderdale Pompano Beach Sunrise neighborhoods. By contrast, on-neighborhood childcare and pharmacy options are limited, suggesting some residents rely on nearby districts for daily services, based on CRE market data from WDSuite.
Renter demand is shaped by an ownership-heavy immediate pocket and a broader leasing base nearby. Within the neighborhood, the share of renter-occupied housing units is modest, which can temper immediate turnover-driven supply. Within a 3-mile radius, however, renter-occupied share is the majority, supporting a larger tenant base and leasing liquidity for multifamily assets.
Pricing context favors rentals. Home values in the neighborhood sit near the high end for the metro and rank among the highest nationally, which tends to reinforce reliance on multifamily housing and can support retention. Rents benchmark on the higher side locally and have grown meaningfully in recent years, while rent-to-income ratios indicate relatively lower affordability pressure versus many U.S. neighborhoods a positive for renewal stability and pricing power.
Vintage positioning matters: the property s 1991 construction is newer than the neighborhood s average 1980s stock, offering a competitive edge versus older buildings. Investors should still plan for targeted system updates or modernization to meet current renter preferences, but the vintage supports positioning against legacy inventory.
Demographics within a 3-mile radius show a near-term plateau in population but an increase in households and families, with forecasts pointing to additional household growth and a slight reduction in average household size. For multifamily operators, that implies a larger, more income-diverse tenant base over time and supports occupancy stability even as unit mix strategies may favor smaller formats.
Safety indicators are mixed and should be monitored with standard risk controls. The neighborhood ranks below the metro median for crime (ranked 263 out of 345), and national comparisons place it below mid-percentile ranges. Recent trend data shows estimated violent offense rates have increased year over year, while property offenses edged down modestly. These patterns suggest prudent security measures and tenant communication can help support retention without over-relying on block-level claims.
In practical terms, investors can benchmark this area as below metro average but not at the weakest tail, and consider measures such as lighting, access control, and partnerships with local safety programs to mitigate risk and sustain leasing.
Proximity to regional employers supports commuter convenience and a diversified renter base, with corporate offices spanning automotive retail, healthcare, logistics, and consumer goods.
- AutoNation automotive retail (5.9 miles) HQ
- Johnson & Johnson healthcare & consumer products (13.8 miles)
- Mosaic agriculture & chemicals offices (15.5 miles)
- Ryder System logistics & fleet management (19.6 miles) HQ
- Tenet Healthcare Corporation, Florida Region healthcare administration (20.6 miles)
This 24-unit property at 2751 Ocean Club Blvd benefits from a high-performing coastal neighborhood where amenity access, income profiles, and elevated home values support durable multifamily demand. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile locally, restaurants and parks index well nationally, and the broader 3-mile area offers a deep renter base even as the immediate pocket leans toward ownership.
Built in 1991, the asset is newer than much of the 1980s neighborhood stock, offering competitive positioning with potential to capture premiums through selective renovations or system upgrades. Key considerations include below-metro-average safety metrics and a locally modest renter-occupied share; disciplined leasing, security enhancements, and thoughtful unit programming should help sustain occupancy and renewals.
- Top-quartile neighborhood standing with strong dining and park access supporting renter appeal
- Elevated ownership costs nearby bolster reliance on rentals and renewal stability
- 1991 vintage outcompetes older 1980s stock; targeted upgrades can drive NOI
- Broader 3-mile area shows a sizable renter pool and household growth outlook
- Risks: below-metro-average safety metrics and ownership-leaning micro area require proactive management