| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 27th | Poor |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5405 SW 34th St, Hollywood, FL, 33023, US |
| Region / Metro | Hollywood |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | 2021-05-26 |
| Transaction Price | $31,750,000 |
| Buyer | INFINITY AZURE LLC |
| Seller | BLUE LAKE VILLAS OWNER LLC |
5405 SW 34th St Hollywood Multifamily Investment
Renter-occupied housing is among the highest in the Fort Lauderdale metro, supporting demand resilience near 5405 SW 34th St; according to WDSuite’s CRE market data, neighborhood occupancy trends sit around the national midpoint.
Located in Hollywood, Florida, the asset sits within an Urban Core neighborhood where renter-occupied housing accounts for a very large share of units (ranked 6 out of 345 metro neighborhoods). That depth of the tenant base can support leasing velocity and renewal potential for multifamily operators, even as rent-to-income levels suggest careful revenue management.
Neighborhood occupancy is roughly mid-pack nationally, which points to steady but competitive leasing conditions. Home values are elevated relative to incomes (high value-to-income standing), which in practice tends to reinforce reliance on rental options and can aid pricing power and retention when managed prudently.
Amenity density is mixed: restaurants score well compared with neighborhoods nationwide, while cafes, groceries, parks, and pharmacies are limited locally. For investors, this means on-site conveniences and unit upgrades can play a larger role in resident satisfaction and retention compared to amenity-rich submarkets.
Demographic statistics are aggregated within a 3-mile radius and indicate recent population growth alongside a notable increase in households, with forecasts calling for further household growth and smaller average household sizes. This combination points to a larger tenant base and more renters entering the market over the next several years, which can support occupancy stability and absorption for well-positioned properties.
The property’s 1972 construction predates the neighborhood’s average vintage. For investors, that typically implies capital planning and value-add opportunity through targeted renovations, systems upgrades, and repositioning to remain competitive against newer stock.
Safety indicators for the neighborhood track close to national midpoints overall, with its crime posture near the 52nd percentile nationwide. Compared with the 345 neighborhoods in the Fort Lauderdale-Pompano Beach-Sunrise metro, the area trends in the middle of the pack.
Recent trends are mixed: estimated property offenses decreased meaningfully year over year (a stronger improvement than most neighborhoods nationally), while estimated violent offenses increased over the same period. Investors should consider standard risk mitigation—lighting, access control, and resident engagement—while benchmarking security measures to peer assets in the metro.
The location draws on a diverse employment base across healthcare, automotive retail, logistics, and energy, which supports renter demand through commute convenience to nearby corporate offices including Johnson & Johnson, AutoNation, Mosaic, Ryder System, and World Fuel Services.
- Johnson & Johnson — corporate offices (8.2 miles)
- AutoNation — automotive retail HQ & corporate (10.1 miles) — HQ
- Mosaic — corporate offices (12.5 miles)
- Ryder System — logistics & transportation (14.1 miles) — HQ
- World Fuel Services — energy & commodities (15.3 miles) — HQ
This 36-unit asset, built in 1972, offers a straightforward value-add angle in a renter-heavy Urban Core location. The neighborhood’s large share of renter-occupied units supports a deep tenant base, while occupancy levels around the national midpoint suggest stable but competitive leasing. Elevated ownership costs relative to incomes tend to sustain reliance on multifamily housing, which can underpin retention when paired with disciplined lease management and targeted upgrades. Based on CRE market data from WDSuite, nearby restaurant density is comparatively strong, but limited daily conveniences in the immediate area increase the importance of on-site amenities and operational consistency.
Within a 3-mile radius, population has grown and the number of households has risen, with forecasts pointing to further household growth and smaller average household sizes—conditions that typically expand the renter pool and support absorption. Given the older vintage, investors should plan for systems modernization and interior refreshes to capture value and stay competitive versus newer stock.
- Renter-heavy neighborhood supports a deep tenant base and renewal potential.
- Elevated ownership costs versus incomes can reinforce sustained rental demand and pricing power.
- 1972 vintage presents clear value-add levers through targeted renovations and systems upgrades.
- 3-mile demographics indicate household growth and smaller household sizes, supporting occupancy stability.
- Risks: affordability pressure (high rent-to-income), limited local conveniences, and mixed safety trends warrant disciplined operations.