| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5500 Bonner Ave, N Hollywood, CA, 91601, US |
| Region / Metro | N Hollywood |
| Year of Construction | 2006 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5500 Bonner Ave North Hollywood 32-Unit Multifamily
Positioned in an Urban Core pocket where neighborhood occupancy hovers near 90% and renter-occupied housing is elevated, the asset benefits from steady tenant demand according to WDSuite’s CRE market data. Newer construction relative to much of the local stock supports competitive leasing and maintenance visibility.
This North Hollywood address sits in a Top quartile among 1,441 metro neighborhoods, with strong day-to-day convenience. Amenity density is a clear advantage — grocery availability ranks in the 99th national percentile, with restaurants and cafes also testing in the mid-90s percentiles — helping sustain leasing interest and resident retention.
The building’s 2006 vintage is newer than the area’s average 1971 construction year, which typically aids competitiveness versus older inventory. Investors should still plan for periodic system updates and common-area refreshes over the hold, but larger value-add needs are generally less acute than for 1970s assets.
Neighborhood tenure patterns show a high share of renter-occupied units (73.8%), indicating a deep tenant base and consistent multifamily demand. Neighborhood occupancy is moderate by national standards, so differentiation via unit finishes, amenities, and service can help support stability.
Within a 3-mile radius, households have grown modestly while average household size edged lower, and forecasts point to additional household growth over the next five years. That combination typically expands the renter pool and supports absorption. Meanwhile, elevated home values relative to incomes in the neighborhood create a high-cost ownership market, which tends to reinforce reliance on rental housing and can support pricing power when lease management is disciplined.
Schools in the neighborhood score above national averages (about 3.5 out of 5 on average), adding to livability. Rent levels have risen over the past five years and are projected to continue growing, based on CRE market data from WDSuite, which supports an underwriting case for sustained demand if affordability is monitored.
Safety trends are mixed but improving. The neighborhood is competitive among Los Angeles-Long Beach-Glendale neighborhoods (296th of 1,441 overall), with overall crime testing around the 70th percentile nationally — better than many urban districts. Violent offense levels track closer to national midranges, while property offense readings sit below national midranges.
Importantly, recent year-over-year changes indicate notable improvement: both violent and property offense rates show substantial declines, signaling a favorable trajectory rather than a precise block-level condition. Investors should underwrite with standard urban risk controls and monitor trend continuity.
Proximity to entertainment and media employers underpins renter demand and commute convenience for a skilled workforce. Nearby anchors include Radio Disney, Charter Communications, Disney, and Live Nation Entertainment.
- Radio Disney — corporate offices (2.2 miles)
- Charter Communications — corporate offices (2.6 miles)
- Disney — corporate offices (3.0 miles) — HQ
- Live Nation Entertainment — corporate offices (5.1 miles)
- Live Nation Entertainment — corporate offices (6.8 miles) — HQ
This 32-unit property delivers newer construction (2006) relative to a neighborhood with older average stock, offering competitive positioning with manageable capital planning. High renter concentration in the neighborhood and strong amenity access support demand depth and lease retention, while elevated ownership costs in the area tend to sustain reliance on multifamily rentals. According to CRE market data from WDSuite, rents and incomes in the surrounding 3-mile radius have trended upward with additional household growth projected, supporting a case for steady occupancy with disciplined operations.
Key considerations include moderate neighborhood occupancy by national standards and managing affordability pressure as rents rise. Exposure to entertainment and service-sector employment clusters is a strength for demand but warrants monitoring through cycles.
- 2006 vintage provides competitive edge versus older local stock
- High renter-occupied share and strong amenities support stable tenant demand
- Elevated ownership costs reinforce multifamily reliance and pricing power
- 3-mile household growth and rising incomes support absorption and retention
- Risk: moderate neighborhood occupancy and affordability pressure require active lease management