| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 68th | Good |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5920 Beverlyhill St, Houston, TX, 77057, US |
| Region / Metro | Houston |
| Year of Construction | 1974 |
| Units | 86 |
| Transaction Date | 2006-03-01 |
| Transaction Price | $3,300,000 |
| Buyer | Plasier Stoica LLC |
| Seller | TEXPP Partnership LP |
5920 Beverlyhill St Houston Value-Add Multifamily
Renter concentration in the surrounding neighborhood supports a deep tenant base, while the property’s older vintage points to renovation upside, according to WDSuite’s CRE market data. In this Urban Core pocket of Houston, neighborhood occupancy and amenities vary by corridor, so disciplined asset management is key for stability during lease-up and renewal cycles.
Located at 5920 Beverlyhill St in Houston’s Urban Core, the property sits in a neighborhood rated A- and ranked 259 among 1,491 metro neighborhoods — competitive within the Houston-The Woodlands-Sugar Land area. Restaurants and cafes are dense relative to the metro (restaurant and cafe counts rank within higher national percentiles), and parks score strong as well. Immediate counts for grocery, pharmacy, and childcare within the neighborhood are limited, so residents typically rely on nearby commercial corridors for daily needs.
The neighborhood skews renter-oriented, with a high share of housing units that are renter-occupied (ranked in the top decile among 1,491 metro neighborhoods). For multifamily owners, this indicates depth in the tenant pool and supports ongoing leasing activity, though pricing discipline remains important where neighborhood occupancy trails stronger submarkets.
Construction-year averages in the surrounding area tilt newer than this asset (local average 1986 versus the property’s 1974), signaling potential value-add through unit and system modernization. For investors, capital planning around interiors, building systems, and common areas can position the asset competitively against 1980s-and-newer stock.
Within a 3-mile radius, demographics point to a larger tenant base over time: population and households have expanded in recent years, with projections indicating continued household growth and a smaller average household size, which typically supports multifamily demand. Median household income has risen, and median contract rents are projected to increase further, reinforcing the case for sustained renter demand and careful lease management. In a high-cost ownership context for the neighborhood (home values and value-to-income ratio above national medians), multifamily remains a relatively accessible housing option, which can aid retention and occupancy.
Safety indicators for the neighborhood are below both metro and national benchmarks. The area ranks in the lower tier among 1,491 Houston metro neighborhoods, and national percentiles indicate comparatively higher reported offense rates relative to many U.S. neighborhoods. Recent year-over-year trends show increases in both violent and property offense rates at the neighborhood level.
Investors should underwrite to enhanced onsite security, lighting, and operational practices, and emphasize tenant screening and community standards. Positioning the asset along stronger commercial corridors and coordinating with local resources can help support resident experience and retention over the hold.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and commuting convenience. The employers below represent energy, industrial services, financial services, and automotive retail headquarters and offices within a short drive.
- Quanta Services — industrial services (1.4 miles) — HQ
- Apache — energy (1.6 miles) — HQ
- Prudential — financial services (2.5 miles)
- Occidental — energy (3.1 miles)
- Wells Fargo Advisors — financial services (4.4 miles)
- Phillips 66 — energy (4.7 miles) — HQ
- Group 1 Automotive — automotive retail (4.9 miles) — HQ
- National Oilwell Varco — oilfield equipment (5.1 miles) — HQ
This 86-unit, 1974-vintage asset offers clear value-add potential in a renter-heavy Urban Core neighborhood. The area’s renter-occupied share is high compared with other Houston neighborhoods, supporting tenant depth and ongoing leasing. Within a 3-mile radius, population and households have grown and are projected to continue increasing, suggesting a larger tenant base and support for occupancy over time. Elevated home values relative to incomes at the neighborhood level point to a high-cost ownership market, which can sustain reliance on multifamily housing and aid retention. According to CRE market data from WDSuite, the property competes against a local stock that averages newer construction, underscoring the upside from renovations and operational improvements.
Key risks to underwrite include neighborhood-level safety metrics that trail national benchmarks and lower neighborhood occupancy versus stronger submarkets, which call for thoughtful security measures, marketing, and competitive finishes. With disciplined capital planning and asset management, the business plan can focus on renovation-driven rent positioning, tenant retention, and operational efficiency.
- Renter-heavy neighborhood supports a deep tenant base and leasing velocity
- 1974 vintage positions the asset for value-add through interior and system upgrades
- 3-mile population and household growth expand the future renter pool and support occupancy
- High-cost ownership context reinforces reliance on rentals and potential retention
- Risks: below-average neighborhood safety and softer neighborhood occupancy require targeted management