| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 31st | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7360 Stirling Rd, Hollywood, FL, 33024, US |
| Region / Metro | Hollywood |
| Year of Construction | 1999 |
| Units | 36 |
| Transaction Date | 2013-11-22 |
| Transaction Price | $12,624,200 |
| Buyer | TCRG NORTH MIAMI APARTMENTS LLC |
| Seller | STIRLING APARMENTS ASSOCIATES LTD |
7360 Stirling Rd Hollywood Multifamily Opportunity
Neighborhood fundamentals point to durable renter demand, with strong renter concentration and steady occupancy at the neighborhood level, according to WDSuite’s CRE market data. Investors should view this asset as positioned to capture workforce-driven leasing in Hollywood, FL while monitoring affordability and amenity needs.
Located in Hollywood within the Fort Lauderdale–Pompano Beach–Sunrise metro, the property sits in an Urban Core neighborhood with a C rating. Neighborhood occupancy is 92.3% (measured for the neighborhood, not the property), indicating generally stable leasing conditions. Renter-occupied housing share is very high and ranked 3rd of 345 in the metro (99th percentile nationally), which supports depth of tenant demand for multifamily assets.
Everyday needs are reasonably served: grocery access is competitive among Fort Lauderdale–Pompano Beach–Sunrise neighborhoods (rank 81 of 345; 90th percentile nationally). Restaurants index above many areas nationally (73rd percentile). By contrast, cafes, parks, and pharmacies are limited within the immediate neighborhood footprint, so residents may rely on nearby corridors for those amenities. This mix suggests practical living for workforce households, with some lifestyle convenience tradeoffs.
The building’s 1999 vintage is newer than the neighborhood’s average construction year (1983). That positioning can help leasing versus older stock, though investors should still underwrite to typical late‑1990s system updates and common‑area refreshes for competitive differentiation.
Home values in the neighborhood sit above many U.S. areas and the value‑to‑income ratio ranks in a high national percentile, indicating a relatively high‑cost ownership market. This generally sustains reliance on rental housing and can support pricing power, but the neighborhood’s rent‑to‑income ratio is elevated, which warrants attention to resident affordability, retention risk, and lease management strategy.
Within a 3‑mile radius, demographics show recent population and household growth with further increases forecast, pointing to a larger tenant base ahead. Household sizes are expected to edge lower, which can add to renter pool expansion and support occupancy stability for well‑positioned multifamily properties. These trends are based on CRE market data from WDSuite.
Neighborhood‑level safety metrics are not available in this dataset. Investors typically benchmark conditions against city and county trends and evaluate on‑the‑ground factors such as property security design, lighting, and visibility to align with renter expectations. Where comparable areas show improving trends, operators often emphasize access control and maintenance standards to support leasing and retention.
Proximity to regional corporate employers supports a broad commuter renter base and can aid retention. Notable nearby employers include AutoNation, Johnson & Johnson, Ryder System, Mosaic, and World Fuel Services.
- AutoNation — automotive retail HQ & corporate (7.8 miles) — HQ
- Johnson & Johnson — healthcare & consumer products offices (10.4 miles)
- Ryder System — logistics & transportation HQ (15.3 miles) — HQ
- Mosaic — agribusiness offices (17.5 miles)
- World Fuel Services — energy services HQ (17.7 miles) — HQ
This 36‑unit asset benefits from a renter‑heavy neighborhood and occupancy levels that indicate steady leasing at the neighborhood scale. The 1999 vintage provides a relative edge versus older local stock, with potential upside from targeted renovations and systems updates to reinforce competitiveness. According to commercial real estate analysis from WDSuite, ownership costs in the area remain elevated relative to incomes, which typically sustains reliance on rental housing, while nearby corporate employment nodes help underpin workforce demand.
Forward‑looking 3‑mile demographics point to population and household growth, indicating a larger renter pool and support for occupancy stability. Operators should balance pricing strategy with affordability considerations given the neighborhood’s high rent‑to‑income ratio and modest lifestyle amenities in the immediate footprint.
- Renter‑heavy neighborhood supports depth of tenant demand
- 1999 vintage offers competitive positioning with value‑add potential
- Regional employers within commuting range bolster leasing durability
- 3‑mile growth outlook expands the renter pool and supports occupancy
- Risks: elevated rent‑to‑income ratios and limited nearby lifestyle amenities