| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 27th | Poor |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3841 SW 52nd Ave, Hollywood, FL, 33023, US |
| Region / Metro | Hollywood |
| Year of Construction | 2001 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | $450,000 |
| Buyer | PEMBROKE GARDENS LTD |
| Seller | BETTY BARR INDIV AND TR |
3841 SW 52nd Ave Hollywood Multifamily Investment
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and ownership costs that trend above local incomes, according to WDSuite’s CRE market data. The 2001 vintage positions the asset competitively versus older area stock while still allowing for targeted upgrades.
Located in Hollywood, Florida (Broward County), the property sits within an Urban Core neighborhood where renter-occupied housing is prevalent, indicating a deep tenant base for multifamily. Neighborhood occupancy is near national norms, supporting leasing stability even as individual properties may vary. Based on CRE market data from WDSuite, restaurant density is comparatively stronger than other local amenities, while day-to-day services (grocery, parks, pharmacies) are thinner within the immediate neighborhood footprint.
The local housing market shows elevated home values relative to incomes (high value-to-income ratio in the top tier nationally), which tends to sustain reliance on rentals and can support pricing power with prudent lease management. At the same time, rent-to-income levels in the neighborhood signal affordability pressure for some renters, so operators may prioritize retention through balanced renewals and amenity-value positioning.
Within a 3-mile radius, demographics point to a larger tenant base over time: population and households have grown in recent years and are projected to continue increasing through 2028, with household sizes trending smaller. For investors, that combination generally supports steady absorption and a broader renter pool, though it also increases the importance of product differentiation and consistent operations.
Construction in the sub-area skews older than this asset (average around 1980), making a 2001 build relatively competitive against legacy stock. That positioning can translate into lower near-term capex versus older comparables, while selective modernization can help capture demand from households seeking more contemporary layouts and systems.
Neighborhood safety indicators track close to the national middle overall, per WDSuite. Recent trends show a notable decline in property offense estimates year over year, while estimated violent offenses increased over the same period. For underwriting, this mixed trend suggests monitoring quarterly updates and aligning security measures and community engagement with on-the-ground performance rather than relying on single-year swings.
Compared with other neighborhoods across the Fort Lauderdale–Pompano Beach–Sunrise metro (345 neighborhoods total), the area stands around the middle of the pack on safety, with performance varying by offense type. Responsible positioning focuses on lighting, access controls, and partnerships with local resources to support tenant confidence and retention.
Proximity to corporate employers supports a diverse commuter tenant base and helps underpin leasing stability. Nearby nodes include Johnson & Johnson, AutoNation, Mosaic, Ryder System, and World Fuel Services.
- Johnson & Johnson — corporate offices (8.1 miles)
- AutoNation — corporate offices (10.4 miles) — HQ
- Mosaic — corporate offices (12.2 miles)
- Ryder System — corporate offices (14.0 miles) — HQ
- World Fuel Services — corporate offices (15.1 miles) — HQ
This 70-unit, 2001-vintage asset benefits from a renter-heavy neighborhood and ownership costs that remain elevated relative to incomes, reinforcing sustained reliance on multifamily housing. Within a 3-mile radius, population and household growth, alongside smaller household sizes, point to a gradually expanding renter pool that can support occupancy stability and measured rent performance.
Relative to nearby stock that averages older construction, a 2001 build provides competitive positioning with potential to capture demand through targeted renovations and systems updates. According to CRE market data from WDSuite, neighborhood occupancy trends are close to national norms, suggesting that disciplined operations and product differentiation should be the primary drivers of outperformance rather than relying on outsized market tailwinds.
- Renter-heavy neighborhood supports depth of tenant base and leasing stability.
- 2001 vintage is newer than much of the local stock, with value-add potential via selective upgrades.
- 3-mile growth in households and smaller household sizes expand the renter pool over time.
- Elevated ownership costs relative to incomes can reinforce multifamily demand and pricing power with prudent lease management.
- Risks: affordability pressure (high rent-to-income), thinner nearby amenities, and mixed safety trends warrant conservative underwriting and proactive asset management.