| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 29th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5770 Stirling Rd, Hollywood, FL, 33021, US |
| Region / Metro | Hollywood |
| Year of Construction | 1999 |
| Units | 78 |
| Transaction Date | 2010-03-26 |
| Transaction Price | $7,850,000 |
| Buyer | Affiliate of TJM Properties |
| Seller | Emerald Park Retirement LLC |
5770 Stirling Rd, Hollywood FL Multifamily Investment
Neighborhood renter demand and amenity access point to steady leasing conditions, according to WDSuite’s CRE market data, with occupancy measured at the neighborhood level showing resilience.
Positioned in Hollywood’s Inner Suburb, the property benefits from a B-rated neighborhood that ranks above the metro median (159 out of 345 Fort Lauderdale-area neighborhoods). Dining, grocery, parks, and pharmacy access test well versus national benchmarks, while cafes are limited. This mix supports daily convenience and broad appeal for workforce renters.
Neighborhood-level occupancy is stable and has strengthened in recent years, indicating durable absorption and reduced downtime risk for multifamily assets. The area’s renter concentration is high (56.9% of housing units are renter-occupied), which deepens the tenant base and supports ongoing leasing velocity.
Within a 3-mile radius, population growth over the past five years and further growth projected through 2028 underpin a larger renter pool. Households have increased and are expected to continue rising as average household size trends lower, a setup that typically supports steady unit demand and occupancy stability for professionally managed multifamily.
Home values are elevated relative to local incomes (high value-to-income standing), and neighborhood rents benchmark in the upper tier nationally. For investors, this points to sustained reliance on rental housing and potential pricing power, balanced by the need to monitor rent-to-income levels for retention risk and prudent lease management.
Safety indicators compare favorably at the national level, with the neighborhood landing competitive among Fort Lauderdale-area neighborhoods (345 total) and above average nationally. Property-related incidents have shown signs of improvement over the last year, while violent incident trends warrant continued monitoring.
For underwriting, this mix suggests generally supportive conditions for renter retention, with attention to trend movements rather than block-level assumptions. Comparing both metro rank context (out of 345 neighborhoods) and national standing helps balance expectations during hold and lease-up planning.
Nearby corporate employment centers anchor a diverse white-collar and healthcare workforce, supporting commuter convenience and multifamily demand from professionals tied to AutoNation, Johnson & Johnson, Ryder System, Mosaic, and Tenet Healthcare.
- AutoNation — auto retail (6.3 miles) — HQ
- Johnson & Johnson — healthcare & pharmaceuticals (11.4 miles)
- Ryder System — logistics & transportation (16.7 miles) — HQ
- Mosaic — chemicals & agriculture (16.9 miles)
- Tenet Healthcare Corporation, Florida Region — healthcare services (18.4 miles)
This 78-unit 1999-vintage asset sits in a B-rated Inner Suburb with strong renter concentration and neighborhood-level occupancy that has improved over the last five years. According to CRE market data from WDSuite, elevated home values relative to incomes reinforce reliance on rental housing, while rents that benchmark in the upper tier nationally can support pricing power when paired with disciplined income screening and renewal strategies.
Within a 3-mile radius, population growth and a projected increase in households point to a larger tenant base ahead, supporting occupancy stability. Being newer than the neighborhood average stock (1999 vs. late-1980s typical vintage) provides competitive positioning versus older assets, though investors should plan for selective systems updates and common-area enhancements to sustain rent premiums.
- High renter-occupied share at the neighborhood level deepens the tenant base and supports leasing velocity.
- Occupancy stability with recent improvement provides a constructive backdrop for income durability.
- Elevated ownership costs and upper-tier rents support pricing power with prudent lease management.
- 1999 vintage offers competitive positioning versus older stock, with targeted CapEx/modernization potential.
- Risk: high rent-to-income conditions in the neighborhood warrant careful underwriting and renewal strategies to manage retention.