| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 27th | Poor |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3215 SW 52nd Ave, Hollywood, FL, 33023, US |
| Region / Metro | Hollywood |
| Year of Construction | 1987 |
| Units | 98 |
| Transaction Date | 2023-11-06 |
| Transaction Price | $8,945,000 |
| Buyer | GRANDVIEW APARTMENTS FL LLC |
| Seller | HOLLY RIDGE APARTMENTS LLC |
3215 SW 52nd Ave, Hollywood FL Multifamily Investment
Neighborhood occupancy sits in the low 90% range, supporting renter demand and steady leasing fundamentals, according to WDSuite’s CRE market data. Strong renter concentration in the immediate area suggests a deep tenant base, though pricing power should be balanced with local affordability.
Situated in Hollywood, Florida within the Fort Lauderdale–Pompano Beach–Sunrise metro, the property is positioned in an Urban Core neighborhood with renter-occupied housing comprising a notably high share of units (about four in five). For investors, this indicates a deep renter pool and potential demand stability across cycles, while reminding operators to calibrate renewals and concessions to maintain occupancy at the neighborhood level rather than the property.
Local amenity access is mixed. Neighborhood data show a comparatively stronger presence of restaurants (above the national median), while on-neighborhood counts for groceries, pharmacies, parks, and childcare are limited, implying residents may rely on nearby submarkets for daily needs. Average school ratings trend on the lower side relative to national norms. These dynamics suggest resident value will depend on access to broader metro conveniences and commute options rather than immediate walk-to retail.
Home values are elevated relative to local incomes based on neighborhood metrics, which typically reinforces reliance on multifamily rentals and can support tenant retention. However, rent-to-income ratios in this neighborhood are high, so lease management and renewal strategies should emphasize affordability and value to mitigate turnover risk. This balance is central to commercial real estate analysis for workforce-oriented assets.
Demographic statistics aggregated within a 3-mile radius indicate recent population and household growth, with further gains projected through 2028, supporting a larger tenant base over time. Median contract rents in the area have risen over recent years and are projected to continue climbing, which can underpin revenue growth when paired with disciplined expense control and demand-driven leasing.
Safety indicators are mixed but generally align near national averages. The neighborhood’s safety profile is around the metro middle of the pack within Fort Lauderdale–Pompano Beach–Sunrise (345 neighborhoods), and national comparisons place it roughly at or slightly above the middle nationwide. For investors, this points to typical Urban Core risk management needs rather than outlier conditions.
Recent trend data show a notable year-over-year decrease in estimated property offenses, while violent offense estimates have moved higher. Operators should continue standard best practices—lighting, access controls, and resident engagement—and monitor submarket trends as part of routine underwriting and asset management planning.
The surrounding area draws from a diversified employment base anchored by corporate offices and regional headquarters, supporting commute convenience and renter retention for workforce housing. Key nearby employers include Johnson & Johnson, AutoNation, Mosaic, Ryder System, and World Fuel Services.
- Johnson & Johnson — pharmaceuticals (8.3 miles)
- AutoNation — auto retail (10.1 miles) — HQ
- Mosaic — chemicals/fertilizers (12.5 miles)
- Ryder System — logistics (14.2 miles) — HQ
- World Fuel Services — energy services (15.4 miles) — HQ
3215 SW 52nd Ave is a 98-unit asset built in 1987—newer than the neighborhood’s average vintage—which can offer a competitive position versus older stock while still leaving room for targeted modernization of interiors and building systems. The neighborhood posts occupancy in the low 90% range (neighborhood measure, not property-specific) alongside a very high share of renter-occupied units, supporting demand depth and day-one leasing stability. At the same time, neighborhood rent-to-income ratios are elevated, so revenue growth strategies should emphasize value creation and renewal discipline.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue through 2028, pointing to a steadily expanding renter pool. According to CRE market data from WDSuite, local home values are high relative to incomes, reinforcing reliance on multifamily housing and aiding retention when combined with coherent pricing and service levels. Proximity to a diversified corporate employment base further supports occupancy durability over the hold.
- 1987 vintage offers competitive positioning with potential value-add through selective renovations and systems updates.
- Deep renter base: neighborhood has a high share of renter-occupied units supporting demand and leasing stability.
- Metro location with access to major employers underpins retention and reduces commute friction for residents.
- Population and household growth within 3 miles expand the tenant pool, supporting occupancy resilience over time.
- Risk: Elevated neighborhood rent-to-income ratios warrant careful pricing, renewal strategies, and amenity-driven value to manage turnover.