| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 27th | Poor |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3509 SW 52nd Ave, Hollywood, FL, 33023, US |
| Region / Metro | Hollywood |
| Year of Construction | 2000 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | $450,000 |
| Buyer | CLARK EUGENE |
| Seller | RESOLUTION TR CORP |
3509 SW 52nd Ave Hollywood Multifamily Opportunity
Renter demand is deep in this Hollywood, Florida neighborhood, with occupancy around metro norms and a high renter-occupied housing share, according to WDSuite s CRE market data.
Situated in Hollywood within Broward County, the property sits in a neighborhood that trends close to the metro median on occupancy, with the neighborhood 7s 91.7% occupancy rate landing near the middle of Fort Lauderdale DPompano Beach DSunrise C FL standings (ranked 184 out of 345; 52nd percentile nationally). The renter-occupied share is notably high at 79.1% (ranked 6 out of 345; 99th percentile nationally), signaling a large tenant base that can support leasing stability for multifamily assets. This context is neighborhood Dlevel, not property Dspecific.
Built in 2000, the asset is newer than the neighborhood Daverage vintage (1980). Newer construction can improve competitive positioning versus older stock, though investors should still underwrite for system updates and modernization to meet current renter expectations.
Local livability indicators are mixed. Food Dservice density is relatively strong (restaurants rank 223 of 345; 72nd percentile nationally), while other everyday amenities inside the neighborhood boundaries are thinner based on rank signals for groceries, parks, pharmacies, and cafes. Average school ratings in the neighborhood are below metro norms (ranked 77 of 345; 37th percentile nationally). Investors may lean on regional access and on Dproperty features to offset amenity gaps.
Within a 3 Dmile radius, demographics point to steady population growth and a meaningful increase in households, supporting a larger tenant base over time. Median home values in the neighborhood are elevated relative to incomes (value Dto Dincome ratio ranked 19 of 345; 96th percentile nationally), which tends to sustain reliance on rental housing and can aid pricing power, while the neighborhood Dlevel rent Dto Dincome ratio (ranked 313 of 345; 1st percentile nationally) suggests affordability pressure that calls for careful lease management and renewal strategies. These signals are derived from commercial real estate analysis of neighborhood data and are not specific to the subject property.
Neighborhood safety indicators show a mixed profile relative to the metro and nation. The neighborhood is ranked 127 out of 345 metro neighborhoods on overall crime, indicating higher crime than many peers in the Fort Lauderdale DPompano Beach DSunrise, FL area, while sitting around the middle of neighborhoods nationwide (52nd percentile). This framing reflects neighborhood Dlevel patterns rather than property Dspecific conditions.
Trend signals diverge by offense type. Estimated property offenses improved year over year (approximately top quartile nationally for improvement), whereas estimated violent Doffense rates increased (lower national percentile). Investors should account for this variability in underwriting and operations, using security, lighting, and resident engagement strategies consistent with local best practices.
Proximity to major corporate offices underpins renter demand via commuter convenience and a diverse employment base. Nearby anchors include Johnson & Johnson, AutoNation, Mosaic, Ryder System, and World Fuel Services.
- Johnson & Johnson D healthcare/pharma offices (8.3 miles)
- AutoNation D auto retail corporate (10.2 miles) D HQ
- Mosaic D fertilizer & chemicals corporate (12.3 miles)
- Ryder System D logistics corporate (14.1 miles) D HQ
- World Fuel Services D energy & fuel management corporate (15.3 miles) D HQ
This 68 Dunit property built in 2000 is positioned in a renter Dheavy Hollywood neighborhood, where the neighborhood Dlevel renter Doccupied share is among the highest in the metro. Newer vintage versus local stock can support competitiveness and reduce near Dterm functional obsolescence risk, though investors should still plan for targeted system upgrades and common Darea refreshes. Based on CRE market data from WDSuite, neighborhood occupancy trends are around metro norms, suggesting stable demand fundamentals.
Within a 3 Dmile radius, recent gains in households and projected growth through the mid Dterm point to a larger tenant base, while elevated ownership costs in the neighborhood context reinforce reliance on multifamily housing. At the same time, a low neighborhood Dlevel rent Dto Dincome percentile highlights affordability pressure to monitor through lease management and renewal strategies.
- Renter Dheavy neighborhood supports depth of tenant base and leasing stability.
- 2000 vintage offers competitive positioning versus older local stock with targeted value Dadd potential.
- Household growth within 3 miles and proximity to major employers support sustained demand.
- Elevated ownership costs favor renter reliance, aiding pricing power on well Dmanaged units.
- Risks: neighborhood affordability pressure and mixed safety trends warrant conservative underwriting and active asset management.